Ulta Beauty (ULTA) Operating Leases (2019 - 2026)
Ulta Beauty's (ULTA) quarterly Operating Leases came in at $1.8 billion in Q1 2026, up 10.89% YoY from $1.6 billion in Q1 2025, and up 4.67% on a QoQ basis from $1.7 billion in Q4 2025.
Ulta Beauty (ULTA) Operating Leases (2019 - 2026) Analysis & Trends
Ulta Beauty (ULTA) has 8 years of Operating Leases data on file, last reported at $1.8 billion in Q1 2026.
- Quarterly Operating Leases rose 10.89% year-over-year to $1.8 billion in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $1.8 billion (up 10.89% YoY) and the FY2026 annual result came in at $1.8 billion, up 10.89% from the prior year.
- Operating Leases improved to $1.8 billion in Q1 2026, from $1.7 billion in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $1.8 billion in Q1 2026 to a low of $1.6 billion in Q2 2022.
- A 5-year average of $1.6 billion and a median of $1.6 billion in 2022 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2022 — Operating Leases retreated 4.31% — and 2026, when it climbed 10.89%.
- Tracing ULTA's Operating Leases over 5 years: stood at $1.6 billion in 2022, then declined by 0.28% to $1.6 billion in 2023, then advanced by 2.45% to $1.7 billion in 2024, then increased by 4.58% to $1.7 billion in 2025, then rose by 4.67% to $1.8 billion in 2026.
- The last three Operating Leases figures came in at $1.8 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caseys General Stores | 30.70 Bn | 30.18 Bn | 1.08 Bn |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn |
| 10 | MINISO Group Holding | 3.42 Bn | 2.45 Bn | 414.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 1.85 Bn |
| Jan 31, 2026 | 1.81 Bn |
| Nov 1, 2025 | 1.73 Bn |
| Aug 2, 2025 | 1.72 Bn |
| May 3, 2025 | 1.69 Bn |
| Feb 1, 2025 | 1.64 Bn |
| Nov 2, 2024 | 1.66 Bn |
| Aug 3, 2024 | 1.65 Bn |
| May 4, 2024 | 1.61 Bn |
| Feb 3, 2024 | 1.63 Bn |
| Oct 28, 2023 | 1.62 Bn |
| Jul 29, 2023 | 1.59 Bn |
| Apr 29, 2023 | 1.61 Bn |
| Jan 28, 2023 | 1.62 Bn |
| Oct 29, 2022 | 1.62 Bn |
| Jul 30, 2022 | 1.58 Bn |
| Apr 30, 2022 | 1.57 Bn |
| Jan 29, 2022 | 1.57 Bn |
| Oct 30, 2021 | 1.57 Bn |
| Jul 31, 2021 | 1.59 Bn |