Growth Metrics

Ulta Beauty (ULTA) Operating Leases (2019 - 2026)

Ulta Beauty's Operating Leases history spans 8 years, with the latest figure at $1.8 billion for Q1 2026.

  • For Q1 2026, Operating Leases rose 10.89% year-over-year to $1.8 billion; the TTM value through Jan 2026 reached $1.8 billion, up 10.89%, while the annual FY2026 figure was $1.8 billion, 10.89% up from the prior year.
  • Operating Leases reached $1.8 billion in Q1 2026 per ULTA's latest filing, up 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.
  • Average Operating Leases over 5 years is $1.6 billion, with a median of $1.6 billion recorded in 2022.
  • Peak YoY movement for Operating Leases: decreased 4.31% in 2022, then grew 10.89% in 2026.
  • A 5-year view of Operating Leases shows it stood at $1.6 billion in 2022, then dropped by 0.28% to $1.6 billion in 2023, then grew by 2.45% to $1.7 billion in 2024, then grew by 4.58% to $1.7 billion in 2025, then increased by 4.67% to $1.8 billion in 2026.
  • Per Business Quant, the three most recent readings for ULTA's Operating Leases are $1.8 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.7 billion (Q3 2025).