SuperworthUlta Beauty profit margin ULTA
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 9.3%
- Operating margin, 12 months
- 12.5%
- Net margin on a year earlier
- −1.0 pts
- Peer median
- 9.4%
Over the twelve months to Aug 1, 2026, Ulta Beauty kept 9.3% of its revenue as net profit, with an operating margin of 12.5% and a gross margin of 39.3%.
Five years earlier its net margin was 9.5%.
The median for 10 specialty retail stocks of a similar size is 9.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 9.3% | 12.4% | 39.1% |
| FY2024 | 10.6% | 13.9% | 38.8% |
| FY2023 | 11.5% | 15.0% | 39.1% |
| FY2022 | 12.2% | 16.1% | 39.6% |
| FY2021 | 11.4% | 15.0% | 39.0% |
| FY2020 | 2.9% | 3.8% | 31.7% |
| FY2019 | 9.5% | 12.2% | 36.2% |
| FY2018 | 9.8% | 12.7% | 35.9% |
| FY2017 | 9.4% | 13.3% | 35.6% |
| FY2016 | 8.4% | 13.5% | 36.0% |
| FY2015 | 8.2% | 12.9% | 35.3% |
| FY2014 | 7.9% | 12.7% | 35.1% |
| FY2013 | 7.6% | 12.3% | 35.2% |
| FY2012 | 7.8% | 12.6% | 35.3% |
| FY2011 | 6.8% | 11.0% | 34.7% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 9.3% | −1.0 pts | 12.5% | |
| Q1 FY26 | 9.4% | −1.1 pts | 12.4% | |
| Q4 FY25 | 9.3% | −1.3 pts | 12.4% | |
| Q3 FY25 | 9.9% | −0.6 pts | 13.1% | |
| Q2 FY25 | 10.3% | −0.4 pts | 13.6% | |
| Q1 FY25 | 10.4% | −0.7 pts | 13.7% | |
| Q4 FY24 | 10.6% | −0.9 pts | 13.9% | |
| Q3 FY24 | 10.6% | −0.8 pts | 13.8% | |
| Q2 FY24 | 10.7% | −1.1 pts | 13.9% | |
| Q1 FY24 | 11.1% | −0.9 pts | 14.5% | |
| Q4 FY23 | 11.5% | −0.7 pts | 15.0% | |
| Q3 FY23 | 11.4% | −0.9 pts | 14.8% |
Against its peers
Companies in Specialty Retail nearest Ulta Beauty's size, closest first, today.
| Company | Profit margin |
|---|---|
| ULTAUlta Beauty | 9.3% |
| CASYCasey's General Stores | 4.1% |
| CPNGCoupang | −2.2% |
| WSMWilliams-Sonoma | 14.7% |
| BBYBest Buy | 3.0% |
| TSCOTractor Supply | 6.4% |
| AZOAutoZone | 12.4% |
| EBAYeBay | 18.5% |
| DKSDick's Sporting Goods | 4.0% |
| GMEGameStop | 25.2% |
| ORLYO'Reilly Automotive | 14.3% |
| Peer median | 9.4% |
Where Ulta Beauty 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 Ulta Beauty
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.