lululemon athletica inc. profit margin LULU
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 12.8%
- Operating margin, 12 months
- 17.8%
- Net margin on a year earlier
- −3.6 pts
- Peer median
- 7.6%
Over the twelve months to Aug 2, 2026, lululemon athletica inc. kept 12.8% of its revenue as net profit, with an operating margin of 17.8% and a gross margin of 56.1%.
Five years earlier its net margin was 15.0%.
The median for 8 apparel manufacturers stocks of a similar size is 7.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 14.2% | 19.9% | 56.6% |
| FY2024 | 17.1% | 23.7% | 59.2% |
| FY2023 | 16.1% | 22.2% | 58.3% |
| FY2022 | 10.5% | 16.4% | 55.4% |
| FY2021 | 15.6% | 21.3% | 57.7% |
| FY2020 | 13.4% | 18.6% | 56.0% |
| FY2019 | 16.2% | 22.3% | 55.9% |
| FY2018 | 14.7% | 21.5% | 55.2% |
| FY2017 | 9.8% | 17.2% | 52.8% |
| FY2016 | 12.9% | 18.0% | 51.2% |
| FY2015 | 12.9% | 17.9% | 48.4% |
| FY2014 | 13.3% | 20.9% | 50.9% |
| FY2013 | 17.6% | 24.6% | 52.8% |
| FY2012 | 19.7% | 27.5% | 55.7% |
| FY2011 | 18.4% | 28.7% | 56.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 12.8% | −3.6 pts | 17.8% | |
| Q1 FY26 | 13.0% | −3.8 pts | 18.3% | |
| Q4 FY25 | 14.2% | −2.9 pts | 19.9% | |
| Q3 FY25 | 15.7% | −1.3 pts | 22.0% | |
| Q2 FY25 | 16.4% | +0.0 pts | 22.9% | |
| Q1 FY25 | 16.8% | +0.7 pts | 23.4% | |
| Q4 FY24 | 17.1% | +1.0 pts | 23.7% | |
| Q3 FY24 | 17.0% | +6.2 pts | 23.3% | |
| Q2 FY24 | 16.3% | +4.9 pts | 22.3% | |
| Q1 FY24 | 16.1% | +4.8 pts | 22.0% | |
| Q4 FY23 | 16.1% | +5.6 pts | 22.2% | |
| Q3 FY23 | 10.9% | −4.8 pts | 16.7% |
Against its peers
Companies in Apparel - Manufacturers nearest lululemon athletica inc.'s size, closest first, today.
| Company | Profit margin |
|---|---|
| LULUlululemon athletica inc. | 12.8% |
| LEVILevi Strauss | 8.8% |
| VFCV F | 2.9% |
| RLRalph Lauren | 11.8% |
| KTBKontoor Brands | 8.7% |
| FIGSFIGS | 8.7% |
| COLMColumbia Sportswear | 6.0% |
| GIIIG III Apparel | 4.8% |
| CRICarters | 6.5% |
| Peer median | 7.6% |
Where lululemon athletica inc. ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on lululemon athletica inc.
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.