Ulta Beauty's Operating Expenses rose 2315.45% to $846.2 million in Q4 2025 from the same period last year, while for Nov 2025 it was $3.1 billion, marking a year-over-year increase of 1040.99%. This contributed to the annual value of $2.8 billion for FY2025, which is 441.02% up from last year.
Latest data reveals that Ulta Beauty reported Operating Expenses of $846.2 million as of Q4 2025, which was up 2315.45% from $746.8 million recorded in Q3 2025.
Ulta Beauty's 5-year Operating Expenses high stood at $846.2 million for Q4 2025, and its period low was $448.5 million during Q2 2021.
In the last 5 years, Ulta Beauty's Operating Expenses had a median value of $650.3 million in 2022 and averaged $642.6 million.
As far as peak fluctuations go, Ulta Beauty's Operating Expenses soared by 4908.39% in 2021, and later plummeted by 74.6% in 2025.
Ulta Beauty's Operating Expenses (Quarter) stood at $505.2 million in 2021, then grew by 18.95% to $601.0 million in 2022, then rose by 10.63% to $664.8 million in 2023, then increased by 3.35% to $687.1 million in 2024, then rose by 23.15% to $846.2 million in 2025.
Its Operating Expenses stands at $846.2 million for Q4 2025, versus $746.8 million for Q3 2025 and $712.4 million for Q2 2025.

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