Ulta Beauty ULTA
NASDAQ ULTA
$535.63 -6.23 (-1.15%)
As of: Sep 10, 2026 · 3:59 PM EDT

Ulta Beauty (ULTA) Operating Expenses (2010 - 2026)

Ulta Beauty's (ULTA) quarterly Operating Expenses came in at $807.3 million in Q3 2026, up 8.1% on a YoY basis from $746.8 million in Q3 2025, and down 1.47% quarter-over-quarter from $819.4 million in Q2 2026.

Analysis

Ulta Beauty (ULTA) Operating Expenses (2010 - 2026) Analysis & Trends

Ulta Beauty (ULTA) has reported Operating Expenses for 17 consecutive years, with $807.3 million the latest figure, recorded in Q3 2026.

  • For the quarter ending Q3 2026, Operating Expenses rose 8.1% year-over-year to $807.3 million; the trailing twelve-month figure through Aug 2026 stood at $3.5 billion (up 17.41% YoY), and the FY2026 full-year result was $3.3 billion, up 17.36% from the prior year.
  • Operating Expenses retreated to $807.3 million in Q3 2026 per ULTA's latest filing, from $819.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.0 billion in Q1 2026 and bottomed at $503.3 million in Q2 2022.
  • Historically, Operating Expenses has averaged $711.7 million across 5 years, with a median of $687.1 million in 2024.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses declined 0.75% in 2025, then rose 23.17% in 2026.
  • Over 5 years, Operating Expenses stood at $601.0 million in 2022, then gained by 10.63% to $664.8 million in 2023, then advanced by 3.35% to $687.1 million in 2024, then climbed by 23.15% to $846.2 million in 2025, then slipped by 4.6% to $807.3 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $807.3 million, $819.4 million, and $1.0 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ulta Beauty 23.01 Bn 22.80 Bn 1.19 Bn 807.31 Mn
2 Best Buy 18.63 Bn 16.37 Bn 2.34 Bn 1.92 Bn
3 Dick'S Sporting Goods 11.84 Bn 10.93 Bn 1.94 Bn 1.48 Bn
4 Signet Jewelers 3.91 Bn 3.31 Bn 556.50 Mn 509.60 Mn
5 Academy Sports & Outdoors 3.50 Bn 3.16 Bn 479.35 Mn 404.69 Mn
6 National Vision Holdings 1.36 Bn 1.32 Bn 290.43 Mn 269.13 Mn
7 Gold.com 1.26 Bn 677.41 Mn 176.58 Mn 78.04 Mn
8 Winmark 1.11 Bn 1.08 Bn 21.15 Mn 7.51 Mn
9 GameStop 1.04 Bn -7.33 Bn 340.30 Mn 201.60 Mn
10 Barnes & Noble Education 377.78 Mn 369.97 Mn 57.05 Mn 66.15 Mn
Historic Data

Historic Data

Download Data
DateValue
Aug 1, 2026 807.31 Mn
May 2, 2026 819.36 Mn
Jan 31, 2026 1.01 Bn
Nov 1, 2025 846.25 Mn
Aug 2, 2025 746.84 Mn
May 3, 2025 712.44 Mn
Feb 1, 2025 817.33 Mn
Nov 2, 2024 687.14 Mn
Aug 3, 2024 648.98 Mn
May 4, 2024 668.83 Mn
Feb 3, 2024 823.47 Mn
Oct 28, 2023 664.84 Mn
Jul 29, 2023 601.97 Mn
Apr 29, 2023 612.79 Mn
Jan 28, 2023 764.89 Mn
Oct 29, 2022 600.96 Mn
Jul 30, 2022 536.74 Mn
Apr 30, 2022 503.32 Mn
Jan 29, 2022 651.71 Mn
Oct 30, 2021 505.24 Mn