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

Ulta Beauty (ULTA) has reported Operating Expenses for 17 consecutive years, with $1.0 billion the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at $1.0 billion, up 23.17% year-over-year; the trailing twelve-month figure through Jan 2026 was $3.3 billion (up 17.36% YoY), and the FY2026 annual result was $3.3 billion, up 17.36% from the prior year.
• Operating Expenses was $1.0 billion for Q1 2026 at Ulta Beauty, up from $846.2 million in the prior quarter.
• Over five years, Operating Expenses peaked at $1.0 billion in Q1 2026 and troughed at $503.3 million in Q2 2022.
• Average Operating Expenses over 5 years is $699.7 million, with a median of $668.8 million recorded in 2024.
• Year-over-year, Operating Expenses climbed 26.21% in 2022 and fell 0.75% in 2025.
• Over 5 years, Operating Expenses stood at $601.0 million in 2022, then advanced by 10.63% to $664.8 million in 2023, then climbed by 3.35% to $687.1 million in 2024, then grew by 23.15% to $846.2 million in 2025, then advanced by 18.96% to $1.0 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $1.0 billion in Q1 2026, $846.2 million in Q4 2025, and $746.8 million in Q3 2025.