Ulta Beauty annual operating expenses
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Ulta Beauty Operating Expenses Growth & History (ULTA)
Ulta Beauty's operating expenses was $3.31B for fiscal 2025.
View full Ulta Beauty company overviewUlta Beauty annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-01-31 | $3.31B | $490.0M | +17.36% |
| 2024 | 2025-02-01 | $2.82B | $119.2M | +4.41% |
| 2023 | 2024-02-03 | $2.70B | $297.2M | +12.35% |
| 2022 | 2023-01-28 | $2.41B | $334.8M | +16.17% |
| 2021 | 2022-01-29 | $2.07B | $358.7M | +20.95% |
| 2020 | 2021-01-30 | $1.71B | −$67.6M | −3.80% |
| 2019 | 2020-02-01 | $1.78B | $224.7M | +14.45% |
| 2018 | 2019-02-02 | $1.56B | $243.7M | +18.58% |
| 2017 | 2018-02-03 | $1.31B | $219.1M | +20.06% |
| 2016 | 2017-01-28 | $1.09B | $214.4M | +24.41% |
| 2015 | 2016-01-30 | $878.0M | $151.7M | +20.88% |
| 2014 | 2015-01-31 | $726.4M | $112.7M | +18.37% |
| 2013 | 2014-02-01 | $613.7M | $110.0M | +21.83% |
| 2012 | 2013-02-02 | $503.7M | $83.1M | +19.74% |
| 2011 | 2012-01-28 | $420.6M | $55.4M | +15.18% |
| 2010 | 2011-01-29 | $365.2M | $56.8M | +18.41% |
| 2009 | 2010-01-30 | $308.4M | — | — |
Ulta Beauty quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-08-01 | $807.3M | $60.5M | +8.10% |
| Q1 2026 | 2026-05-02 | $819.4M | $106.9M | +15.01% |
| Q4 2025 | 2026-01-31 | $1.01B | $189.4M | +23.17% |
| Q3 2025 | 2025-11-01 | $846.2M | $159.1M | +23.15% |
| Q2 2025 | 2025-08-02 | $746.8M | $97.9M | +15.08% |
| Q1 2025 | 2025-05-03 | $712.4M | $43.6M | +6.52% |
| Q4 2024 | 2025-02-01 | $817.3M | −$6.1M | −0.75% |
| Q3 2024 | 2024-11-02 | $687.1M | $22.3M | +3.35% |
| Q2 2024 | 2024-08-03 | $649.0M | $47.0M | +7.81% |
| Q1 2024 | 2024-05-04 | $668.8M | $56.0M | +9.15% |
| Q4 2023 | 2024-02-03 | $823.5M | $58.6M | +7.66% |
| Q3 2023 | 2023-10-28 | $664.8M | $63.9M | +10.63% |
| Q2 2023 | 2023-07-29 | $602.0M | $65.2M | +12.15% |
| Q1 2023 | 2023-04-29 | $612.8M | $109.5M | +21.75% |
| Q4 2022 | 2023-01-28 | $764.9M | $113.2M | +17.37% |
| Q3 2022 | 2022-10-29 | $601.0M | $95.7M | +18.95% |
| Q2 2022 | 2022-07-30 | $536.7M | $71.1M | +15.26% |
| Q1 2022 | 2022-04-30 | $503.3M | $54.9M | +12.23% |
| Q4 2021 | 2022-01-29 | $651.7M | $105.0M | +19.20% |
| Q3 2021 | 2021-10-30 | $505.2M | $61.0M | +13.73% |
| Q2 2021 | 2021-07-31 | $465.7M | $149.4M | +47.24% |
| Q1 2021 | 2021-05-01 | $448.5M | $43.4M | +10.71% |
| Q4 2020 | 2021-01-30 | $546.8M | $27.6M | +5.32% |
| Q3 2020 | 2020-10-31 | $444.2M | −$11.4M | −2.50% |
| Q2 2020 | 2020-08-01 | $316.3M | −$81.6M | −20.52% |
| Q1 2020 | 2020-05-02 | $405.1M | −$2.2M | −0.54% |
| Q4 2019 | 2020-02-01 | $519.1M | $59.5M | +12.94% |
| Q3 2019 | 2019-11-02 | $455.7M | $52.6M | +13.05% |
| Q2 2019 | 2019-08-03 | $397.9M | $56.2M | +16.46% |
| Q1 2019 | 2019-05-04 | $407.3M | $56.4M | +16.08% |
| Q4 2018 | 2019-02-02 | $459.6M | $55.7M | +13.79% |
| Q3 2018 | 2018-11-03 | $403.1M | $72.6M | +21.97% |
| Q2 2018 | 2018-08-04 | $341.6M | $52.1M | +18.00% |
| Q1 2018 | 2018-05-05 | $350.9M | $63.3M | +22.00% |
| Q4 2017 | 2018-02-03 | $403.9M | $83.3M | +25.96% |
| Q3 2017 | 2017-10-28 | $330.5M | $43.1M | +14.99% |
| Q2 2017 | 2017-07-29 | $289.5M | $48.5M | +20.10% |
| Q1 2017 | 2017-04-29 | $287.6M | $44.3M | +18.23% |
| Q4 2016 | 2017-01-28 | $320.7M | $51.1M | +18.97% |
| Q3 2016 | 2016-10-29 | $287.4M | $62.5M | +27.80% |
| Q2 2016 | 2016-07-30 | $241.1M | $53.1M | +28.22% |
| Q1 2016 | 2016-04-30 | $243.3M | $47.7M | +24.37% |
| Q4 2015 | 2016-01-30 | $269.6M | $57.3M | +26.98% |
| Q3 2015 | 2015-10-31 | $224.9M | $37.2M | +19.82% |
| Q2 2015 | 2015-08-01 | $188.0M | $26.7M | +16.52% |
| Q1 2015 | 2015-05-02 | $195.6M | $30.5M | +18.49% |
| Q4 2014 | 2015-01-31 | $212.3M | $32.8M | +18.31% |
| Q3 2014 | 2014-11-01 | $187.7M | $28.9M | +18.20% |
| Q2 2014 | 2014-08-02 | $161.4M | $22.2M | +15.91% |
| Q1 2014 | 2014-05-03 | $165.1M | $28.8M | +21.15% |
| Q4 2013 | 2014-02-01 | $179.4M | $23.5M | +15.10% |
| Q3 2013 | 2013-11-02 | $158.8M | $34.6M | +27.85% |
| Q2 2013 | 2013-08-03 | $139.2M | $29.0M | +26.36% |
| Q1 2013 | 2013-05-04 | $136.3M | $22.8M | +20.08% |
| Q4 2012 | 2013-02-02 | $155.9M | $30.7M | +24.49% |
| Q3 2012 | 2012-10-27 | $124.2M | $19.2M | +18.32% |
| Q2 2012 | 2012-07-28 | $110.2M | $15.5M | +16.42% |
| Q1 2012 | 2012-04-28 | $113.5M | $17.6M | +18.38% |
| Q4 2011 | 2012-01-28 | $125.2M | $17.5M | +16.28% |
| Q3 2011 | 2011-10-29 | $105.0M | $10.3M | +10.93% |
| Q2 2011 | 2011-07-30 | $94.6M | $12.9M | +15.82% |
| Q1 2011 | 2011-04-30 | $95.8M | $14.6M | +18.03% |
| Q4 2010 | 2011-01-29 | $107.7M | — | — |
| Q3 2010 | 2010-10-30 | $94.6M | — | — |
| Q2 2010 | 2010-07-31 | $81.7M | — | — |
| Q1 2010 | 2010-05-01 | $81.2M | — | — |
Ulta Beauty operating expenses trends
Over the last five fiscal years, Ulta Beauty's operating expenses increased from $1.71B to $3.31B, a change of $1.60B. The latest reported quarter, Q2 2026, shows $807.3M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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