Lululemon Athletica (LULU) EBITDA Margin (2009 - 2026)
Lululemon Athletica's EBITDA Margin came in at 24.67% for fiscal Q2 2027 (quarter ended Aug 2, 2026), down 0.81 percentage points from 25.48% a year earlier but up 7.99 percentage points from the prior quarter.
Lululemon Athletica (LULU) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Aug 2, 2026, Lululemon Athletica reported EBITDA Margin of 22.70%, down 4.60 percentage points year-over-year; for FY2026 (ended Feb 1, 2026), it was 24.38%, down 3.50 percentage points from FY2025.
- EBITDA Margin carries a five-year change of +1.54 percentage points (FY2021 to FY2026).
- Going back by fiscal year, EBITDA Margin was 27.88% in FY2025 (+1.77 pp), 26.11% in FY2024 (+6.14 pp), 19.98% in FY2023 (-4.92 pp) and 24.89% in FY2022 (+2.05 pp).
- The five-year range for quarterly EBITDA Margin is 14.24% (fiscal Q4 2023) to 32.56% (fiscal Q4 2025).
- Year-over-year, EBITDA Margin has declined for six consecutive quarters, with an average year-over-year change of -1.66 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in fiscal Q4 2024 (a gain of 17.50 percentage points), and the weakest in fiscal Q4 2023 (a drop of 16.42 percentage points).
- Business Quant data shows LULU's EBITDA Margin at 16.68% (Q1 2027), 26.01% (Q4 2026) and 21.95% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 53.14 Bn | 19.13 Bn | 5.39 Bn | 13.71% |
| 2 | Tapestry | 22.87 Bn | 18.83 Bn | 1.56 Bn | 26.69% |
| 3 | Ralph Lauren | 21.39 Bn | 13.49 Bn | 1.44 Bn | 20.48% |
| 4 | Deckers Outdoor | 11.06 Bn | 3.93 Bn | - | - |
| 5 | Lululemon Athletica | 10.32 Bn | 4.58 Bn | 1.46 Bn | 24.67% |
| 6 | Levi Strauss | 7.62 Bn | 4.28 Bn | 979.10 Mn | 11.49% |
| 7 | Gildan Activewear | 6.55 Bn | 5.54 Bn | 459.76 Mn | 15.43% |
| 8 | Birkenstock Holding | 6.07 Bn | 4.38 Bn | 493.89 Mn | 29.25% |
| 9 | Crocs | 5.90 Bn | 5.31 Bn | 700.71 Mn | 25.92% |
| 10 | V F | 5.70 Bn | 2.32 Bn | 917.04 Mn | -1.51% |
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 24.67% |
| May 3, 2026 | 16.68% |
| Feb 1, 2026 | 26.01% |
| Nov 2, 2025 | 21.95% |
| Aug 3, 2025 | 25.48% |
| May 4, 2025 | 23.33% |
| Feb 2, 2025 | 32.56% |
| Oct 27, 2024 | 25.21% |
| Jul 28, 2024 | 27.15% |
| Apr 28, 2024 | 23.92% |
| Jan 28, 2024 | 31.74% |
| Oct 29, 2023 | 19.78% |
| Jul 30, 2023 | 25.95% |
| Apr 30, 2023 | 24.27% |
| Jan 29, 2023 | 14.24% |
| Oct 30, 2022 | 23.24% |
| Jul 31, 2022 | 25.11% |
| May 1, 2022 | 20.13% |
| Jan 30, 2022 | 30.65% |
| Oct 31, 2021 | 21.78% |
Lululemon Athletica EBITDA Margin 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=ebitda-margin&ticker=LULU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=LULU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();