Lululemon Athletica (LULU) Gross Margin (2009 - 2026)
Lululemon Athletica (LULU) posted Gross Margin of 60.52% for Q3 2026, up 11.72% on a QoQ basis from 54.17% in Q2 2026, and up 202.0% year-over-year from 20.04% in Q3 2025.
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Lululemon Athletica (LULU) Gross Margin (2009 - 2026) Analysis & Trends
Lululemon Athletica has reported Gross Margin for 18 years, with the latest figure at 60.52% in Q3 2026.
- On a quarterly basis, Gross Margin rose 202.0% year-over-year to 60.52% in Q3 2026; TTM through Aug 2026 was 56.11%, a 299.0% decrease from a year earlier, with the FY2026 full-year figure at 56.6%, down 262.0% from the prior year.
- Gross Margin was 60.52% for Q3 2026 at Lululemon Athletica, up from 54.17% in the prior quarter.
- The five-year high for Gross Margin was 60.52% in Q3 2026, with the low at 53.95% in Q2 2022.
- Average Gross Margin over 5 years is 57.39%, with a median of 57.72% recorded in 2024.
- The sharpest annual moves came in 2024 and 2026: Gross Margin soared 428 bps in 2024, then tumbled 554 bps in 2026.
- Over 5 years, Gross Margin stood at 55.95% in 2022, then advanced by 2 bps to 57.01% in 2023, then rose by 3 bps to 58.48% in 2024, then fell by 5 bps to 55.57% in 2025, then climbed by 9 bps to 60.52% in 2026.
- The last three Gross Margin figures came in at 60.52% (Q3 2026), 54.17% (Q2 2026), and 54.87% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Lululemon Athletica | 10.94 Bn | 9.55 Bn | 1.46 Bn | 60.52% |
| 2 | Gildan Activewear | 7.84 Bn | 7.57 Bn | 459.76 Mn | 29.05% |
| 3 | Levi Strauss | 7.76 Bn | 6.78 Bn | 979.10 Mn | 62.68% |
| 4 | V F | 4.94 Bn | 4.27 Bn | 917.04 Mn | 54.93% |
| 5 | Kontoor Brands | 3.65 Bn | 3.59 Bn | 328.26 Mn | 56.18% |
| 6 | Pvh | 3.19 Bn | 2.22 Bn | 1.32 Bn | 63.03% |
| 7 | Warby Parker | 3.02 Bn | 2.72 Bn | 136.46 Mn | 57.94% |
| 8 | Columbia Sportswear | 2.89 Bn | 2.27 Bn | 358.43 Mn | 58.34% |
| 9 | Figs | 2.16 Bn | 1.86 Bn | 147.86 Mn | 75.20% |
| 10 | Under Armour | 2.07 Bn | 1.67 Bn | 593.83 Mn | 54.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 60.52% |
| May 3, 2026 | 54.17% |
| Feb 1, 2026 | 54.87% |
| Nov 2, 2025 | 55.57% |
| Aug 3, 2025 | 58.50% |
| May 4, 2025 | 58.34% |
| Feb 2, 2025 | 60.42% |
| Oct 27, 2024 | 58.48% |
| Jul 28, 2024 | 59.56% |
| Apr 28, 2024 | 57.72% |
| Jan 28, 2024 | 59.39% |
| Oct 29, 2023 | 57.01% |
| Jul 30, 2023 | 58.78% |
| Apr 30, 2023 | 57.52% |
| Jan 29, 2023 | 55.11% |
| Oct 30, 2022 | 55.95% |
| Jul 31, 2022 | 56.49% |
| May 1, 2022 | 53.95% |
| Jan 30, 2022 | 58.06% |
| Oct 31, 2021 | 57.18% |