Ulta Beauty (ULTA) Operating Leases (2019 - 2026)
Ulta Beauty's (ULTA) quarterly Operating Leases came in at $1.9 billion in Q3 2026, up 9.07% on a YoY basis from $1.7 billion in Q3 2025, and up 1.29% quarter-over-quarter from $1.8 billion in Q2 2026.
Analysis
Ulta Beauty (ULTA) Operating Leases (2019 - 2026) Analysis & Trends
Ulta Beauty (ULTA) has reported Operating Leases for 8 consecutive years, with $1.9 billion the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Leases rose 9.07% year-over-year to $1.9 billion; the trailing twelve-month figure through Aug 2026 stood at $1.9 billion (up 9.07% YoY), and the FY2026 full-year result was $1.8 billion, up 10.89% from the prior year.
- Operating Leases advanced to $1.9 billion in Q3 2026 per ULTA's latest filing, from $1.8 billion in the prior quarter.
- Across five years, Operating Leases topped out at $1.9 billion in Q3 2026 and bottomed at $1.6 billion in Q2 2022.
- Historically, Operating Leases has averaged $1.7 billion across 5 years, with a median of $1.6 billion in 2024.
- The sharpest annual moves came in 2022 and 2026: Operating Leases decreased 4.31% in 2022, then grew 10.89% in 2026.
- Over 5 years, 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 rose by 8.06% to $1.9 billion in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $1.9 billion, $1.8 billion, and $1.8 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ulta Beauty | 23.01 Bn | 22.80 Bn | 1.19 Bn |
| 2 | Best Buy | 18.63 Bn | 16.37 Bn | 2.34 Bn |
| 3 | Dick'S Sporting Goods | 11.84 Bn | 10.93 Bn | 1.94 Bn |
| 4 | Signet Jewelers | 3.91 Bn | 3.31 Bn | 556.50 Mn |
| 5 | Academy Sports & Outdoors | 3.50 Bn | 3.16 Bn | 479.35 Mn |
| 6 | National Vision Holdings | 1.36 Bn | 1.32 Bn | 290.43 Mn |
| 7 | Gold.com | 1.26 Bn | 677.41 Mn | 176.58 Mn |
| 8 | Winmark | 1.11 Bn | 1.08 Bn | 21.15 Mn |
| 9 | GameStop | 1.04 Bn | -7.33 Bn | 340.30 Mn |
| 10 | Barnes & Noble Education | 377.78 Mn | 369.97 Mn | 57.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 1.87 Bn |
| 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 |