What is Ulta Beauty, Inc.'s SG&A?

Ulta Beauty, Inc. (ULTA) reported SG&A of $814.7M in Q1 2026.

How has Ulta Beauty, Inc.'s SG&A changed year-over-year?

Ulta Beauty, Inc.'s SG&A increased by 14.6% year-over-year, from $710.61M to $814.7M.

What is the long-term trend for Ulta Beauty, Inc.'s SG&A?

Over 4 years (2021 to 2025), Ulta Beauty, Inc.'s SG&A has grown at a 12.5% compound annual growth rate (CAGR), from $2.06B to $3.3B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Ulta Beauty, Inc. ULTA SG&A

SG&A at other companies

Walmart WMT

$37.2B+8.9%

Bath & Body WorksBBWI

$356M-18.5%

Macy'sM

$1.95B+2.0%

SBH

Sally BeautySBH

$403.84M+3.7%

e.l.f. BeautyELF

$319.14M+65.6%

Estee Lauder Companies Inc.EL

$2.28B+0.9%

Other financials

Income statement

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Revenue$3.2B+11.1%

Gross profit$1.3B+13.8%

Operating income$448.3M+11.6%

Net income$340.5M+11.6%

EPS (diluted)$7.74+15.5%

Balance sheet

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Cash & equivalents$166.3M-63.4%

Total debt$2.3B+16.6%

Total equity$2.6B+6.2%

Total assets$6.9B+15.2%

Cash flow

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Operating cash flow$261.9M+19.0%

CapEx$58.3M-26.3%

Free cash flow$203.6M+44.4%

Valuation

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Market cap$20.55B-11.0%

Enterprise value$22.68B-7.8%

P/E17.3×-2.1×

P/S1.6×-0.4×

Profitability

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Gross margin39.3%+0.5pp

Operating margin12.4%-1.3pp

Net margin9.4%-1.1pp

FCF margin9.5%—

Returns & leverage

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Return on equity47.4%-3.0pp

Debt / equity0.9×+0.1×

Current ratio1.3×-0.4×

Where this comes from

Reported directly by Ulta Beauty, Inc. in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The official record: Ulta Beauty, Inc.’s 10-Q, filed June 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ulta Beauty, Inc.'s SG&A?: Ulta Beauty, Inc. (ULTA) reported SG&A of $814.7M in Q1 2026.
How has Ulta Beauty, Inc.'s SG&A changed year-over-year?: Ulta Beauty, Inc.'s SG&A increased by 14.6% year-over-year, from $710.61M to $814.7M.
What is the long-term trend for Ulta Beauty, Inc.'s SG&A?: Over 4 years (2021 to 2025), Ulta Beauty, Inc.'s SG&A has grown at a 12.5% compound annual growth rate (CAGR), from $2.06B to $3.3B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.