lululemon athletica SG&A increased by 19.8% to $1.18B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.0%, from $1.14B to $1.18B. Over 4 years (FY 2021 to FY 2025), SG&A shows an upward trend with a 16.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A rising ratio of SG&A to revenue may indicate inefficiency or aggressive expansion, while a falling ratio suggests improved operating leverage.
Detailed definition
Selling, general, and administrative expenses encompass the costs associated with the day-to-day operation of the busine...
Peer comparison
Standard operating expense category; peers with larger global sales forces typically show higher absolute SG&A levels.
selling_general_and_administrativeHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $496.63M | $541.32M | $545.12M | $641.96M | $607.85M | $662.25M | $684.24M | $803.11M | $747.51M | $817.38M | $842.80M | $989.54M | $842.43M | $871.96M | $909.83M | $1.14B | $942.87M | $951.66M | $988.25M | $1.18B |
| QoQ Change | — | +9.0% | +0.7% | +17.8% | -5.3% | +8.9% | +3.3% | +17.4% | -6.9% | +9.3% | +3.1% | +17.4% | -14.9% | +3.5% | +4.3% | +25.1% | -17.2% | +0.9% | +3.8% | +19.8% |
| YoY Change | — | — | — | — | +22.4% | +22.3% | +25.5% | +25.1% | +23.0% | +23.4% | +23.2% | +23.2% | +12.7% | +6.7% | +8.0% | +15.0% | +11.9% | +9.1% | +8.6% | +4.0% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| China Mainland Segment | — | — | — | — | $82.38M | $97.05M | $126.16M | $111.90M |
| China Mainland | $67.83M | $77.47M | $86.02M | $97.55M | — | — | — | — |
| Total | $842.43M | $871.96M | $909.83M | $1.14B | $942.87M | $951.66M | $988.25M | $1.18B |
China Mainland was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
SG&A at Other Companies
Frequently Asked Questions
- What is lululemon athletica's sg&a?
- lululemon athletica (LULU) reported sg&a of $1.18B in Q4 2025.
- How has lululemon athletica's sg&a changed year-over-year?
- lululemon athletica's sg&a increased by 4.0% year-over-year, from $1.14B to $1.18B.
- What is the long-term trend for lululemon athletica's sg&a?
- Over 4 years (2021 to 2025), lululemon athletica's sg&a has grown at a 16.3% compound annual growth rate (CAGR), from $2.23B to $4.07B.
- What does sg&a mean?
- The overhead costs of running the business, including sales, marketing, and general corporate expenses.