Operating
Noncash Lease Expense
Ulta Beauty, Inc. Noncash Lease Expense increased by 17.6% to $90.65M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 21.4%, from $74.69M to $90.65M. Over 4 years (FY 2021 to FY 2025), Noncash Lease Expense shows an upward trend with a 6.2% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2019
Last reportedQ4 2025Mar 26, 2026
How to read this metric
Changes reflect shifts in lease accounting treatment or the maturity profile of the company's real estate portfolio.
Detailed definition
This reflects the non-cash portion of lease expenses recognized under accounting standards for operating leases. It adju...
Peer comparison
Standard for retailers with large physical footprints; comparable across companies using ASC 842 or IFRS 16.
Metric ID:
operating_noncash_lease_expense_c93ce2Historical Data
20 periods
| 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 | $68.88M | $68.64M | $68.50M | $70.21M | $72.19M | $74.06M | $76.30M | $79.36M | $75.48M | $77.39M | $79.91M | $99.98M | $77.94M | $85.54M | $72.47M | $74.69M | $91.11M | $92.42M | $77.10M | $90.65M |
| QoQ Change | — | -0.3% | -0.2% | +2.5% | +2.8% | +2.6% | +3.0% | +4.0% | -4.9% | +2.5% | +3.3% | +25.1% | -22.0% | +9.8% | -15.3% | +3.1% | +22.0% | +1.4% | -16.6% | +17.6% |
| YoY Change | — | — | — | — | +4.8% | +7.9% | +11.4% | +13.0% | +4.6% | +4.5% | +4.7% | +26.0% | +3.3% | +10.5% | -9.3% | -25.3% | +16.9% | +8.0% | +6.4% | +21.4% |
Range$68.50M – $99.98M
CAGR+6.0%
Avg YoY Growth+6.8%
Median YoY Growth+7.1%
Noncash Lease Expense at Other Companies
Frequently Asked Questions
- What is Ulta Beauty, Inc.'s noncash lease expense?
- Ulta Beauty, Inc. (ULTA) reported noncash lease expense of $90.65M in Q4 2025.
- How has Ulta Beauty, Inc.'s noncash lease expense changed year-over-year?
- Ulta Beauty, Inc.'s noncash lease expense increased by 21.4% year-over-year, from $74.69M to $90.65M.
- What is the long-term trend for Ulta Beauty, Inc.'s noncash lease expense?
- Over 4 years (2021 to 2025), Ulta Beauty, Inc.'s noncash lease expense has grown at a 6.2% compound annual growth rate (CAGR), from $276.23M to $351.28M.
- What does noncash lease expense mean?
- The non-cash accounting adjustment for lease costs that does not involve an actual cash outflow.