Lululemon Athletica (LULU) Cost of Revenue (2009 - 2026)
Lululemon Athletica's Cost of Revenue came in at $953.75 million for fiscal Q2 2027 (quarter ended Aug 2, 2026), down 9.0% from $1.05 billion a year earlier and down 15.8% from the prior quarter.
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Analysis
Lululemon Athletica (LULU) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Aug 2, 2026, Lululemon Athletica reported Cost of Revenue of $4.87 billion, up 9.2% year-over-year; for FY2026 (ended Feb 1, 2026), it was $4.82 billion, up 11.6% from FY2025.
- Cost of Revenue has increased in each of the last 17 fiscal years, with a five-year compound annual growth rate of 20.0% (FY2021 to FY2026).
- Going back by fiscal year, Cost of Revenue was $4.32 billion in FY2025 (+7.7%), $4.01 billion in FY2024 (+10.8%), $3.62 billion in FY2023 (+36.6%) and $2.65 billion in FY2022 (+36.6%).
- The fiscal Q2 2027 figure represents the lowest quarterly Cost of Revenue since fiscal Q1 2025.
- Year-over-year, Cost of Revenue increased in seven of the last eight quarters, with growth averaging 8.1%.
- The fastest year-over-year change in Cost of Revenue over five years came in fiscal Q1 2023 (growth of 41.2%), and the weakest in fiscal Q2 2027 (a decline of 9.0%).
- Business Quant data shows LULU's Cost of Revenue at $1.13 billion (Q1 2027), $1.64 billion (Q4 2026) and $1.14 billion (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 55.20 Bn | 21.40 Bn | 4.80 Bn | 6.42 Bn |
| 2 | Tapestry | 23.95 Bn | 19.91 Bn | 1.56 Bn | 313.00 Mn |
| 3 | Ralph Lauren | 22.95 Bn | 15.05 Bn | 1.44 Bn | 515.60 Mn |
| 4 | Deckers Outdoor | 12.57 Bn | 5.44 Bn | - | - |
| 5 | Lululemon Athletica | 11.02 Bn | 5.27 Bn | 1.46 Bn | 953.75 Mn |
| 6 | Levi Strauss | 7.96 Bn | 4.54 Bn | 1.07 Bn | 543.90 Mn |
| 7 | V F | 6.73 Bn | 3.35 Bn | 917.04 Mn | 752.34 Mn |
| 8 | Gildan Activewear | 6.57 Bn | 5.49 Bn | 459.76 Mn | 1.12 Bn |
| 9 | Birkenstock Holding | 6.13 Bn | 4.46 Bn | 493.89 Mn | 342.46 Mn |
| 10 | Crocs | 5.91 Bn | 5.32 Bn | 700.71 Mn | 478.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 953.75 Mn |
| May 3, 2026 | 1.13 Bn |
| Feb 1, 2026 | 1.64 Bn |
| Nov 2, 2025 | 1.14 Bn |
| Aug 3, 2025 | 1.05 Bn |
| May 4, 2025 | 987.53 Mn |
| Feb 2, 2025 | 1.43 Bn |
| Oct 27, 2024 | 995.05 Mn |
| Jul 28, 2024 | 958.89 Mn |
| Apr 28, 2024 | 933.82 Mn |
| Jan 28, 2024 | 1.30 Bn |
| Oct 29, 2023 | 947.55 Mn |
| Jul 30, 2023 | 910.65 Mn |
| Apr 30, 2023 | 849.99 Mn |
| Jan 29, 2023 | 1.24 Bn |
| Oct 30, 2022 | 818.04 Mn |
| Jul 31, 2022 | 812.85 Mn |
| May 1, 2022 | 743.07 Mn |
| Jan 30, 2022 | 892.94 Mn |
| Oct 31, 2021 | 621.03 Mn |
API Access
Lululemon Athletica Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LULU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "LULU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LULU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();