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

Ulta Beauty's Operating Leases history runs 8 years deep, the most recent figure standing at $1.8 billion for 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 was $1.8 billion for Q1 2026 at Ulta Beauty, up from $1.7 billion in the prior quarter.
• Across five years, Operating Leases topped out at $1.8 billion in Q1 2026 and bottomed at $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 dropped 4.31% — and 2026, when it rose 10.89%.
• Ulta Beauty's Operating Leases stood at $1.6 billion in 2022, then retreated by 0.28% to $1.6 billion in 2023, then grew by 2.45% to $1.7 billion in 2024, then gained by 4.58% to $1.7 billion in 2025, then advanced by 4.67% to $1.8 billion in 2026.
• Business Quant data shows ULTA's Operating Leases at $1.8 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.7 billion in Q3 2025.