Ulta Beauty's Operating Leases rose 458.26% to $1.7 billion in Q4 2025 from the same period last year, while for Nov 2025 it was $1.7 billion, marking a year-over-year increase of 458.26%. This contributed to the annual value of $1.6 billion for FY2025, which is 48.23% up from last year.
According to the latest figures from Q4 2025, Ulta Beauty's Operating Leases is $1.7 billion, which was up 458.26% from $1.7 billion recorded in Q3 2025.
In the past 5 years, Ulta Beauty's Operating Leases registered a high of $1.7 billion during Q4 2025, and its lowest value of $1.6 billion during Q4 2021.
Over the past 5 years, Ulta Beauty's median Operating Leases value was $1.6 billion (recorded in 2023), while the average stood at $1.6 billion.
Per our database at Business Quant, Ulta Beauty's Operating Leases plummeted by 773.97% in 2021 and then surged by 506.77% in 2025.
Ulta Beauty's Operating Leases (Quarter) stood at $1.6 billion in 2021, then increased by 3.53% to $1.6 billion in 2022, then decreased by 0.28% to $1.6 billion in 2023, then rose by 2.45% to $1.7 billion in 2024, then increased by 4.58% to $1.7 billion in 2025.
Its Operating Leases was $1.7 billion in Q4 2025, compared to $1.7 billion in Q3 2025 and $1.7 billion in Q2 2025.

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