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

Ulta Beauty's Operating Expenses history runs 17 years deep, the most recent figure standing at $1.0 billion for Q1 2026.

• Quarterly Operating Expenses rose 23.17% year-over-year to $1.0 billion in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $3.3 billion (up 17.36% YoY) and the FY2026 annual result came in at $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.
• Across five years, Operating Expenses topped out at $1.0 billion in Q1 2026 and bottomed at $503.3 million in Q2 2022.
• A 5-year average of $699.7 million and a median of $668.8 million in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses grew 26.21% — and 2025, when it retreated 0.75%.
• Ulta Beauty's 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 gained by 18.96% to $1.0 billion in 2026.
• Business Quant data shows ULTA's Operating Expenses at $1.0 billion in Q1 2026, $846.2 million in Q4 2025, and $746.8 million in Q3 2025.