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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |