Lululemon Athletica (LULU) Gross Margin (2009 - 2026)

Lululemon Athletica's Gross Margin history runs 18 years deep, the most recent figure standing at 54.87% for Q1 2026.

• In Q1 2026, Gross Margin fell 554.0% year-over-year to 54.87%; the TTM figure through Feb 2026 stood at 56.6% (down 262.0% YoY), while the FY2026 annual figure was 56.6%, down 262.0% from the prior year.
• Gross Margin was 54.87% for Q1 2026 at Lululemon Athletica, down from 55.57% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 60.42% in Q1 2025 to a low of 53.95% in Q2 2022.
• Historically, Gross Margin has averaged 57.4% across 5 years, with a median of 57.72% in 2024.
• The sharpest annual moves came in 2024 and 2026: Gross Margin surged 428 bps in 2024, then plunged 554 bps in 2026.
• A 5-year view of Gross Margin shows it stood at 55.95% in 2022, then gained by 2 bps to 57.01% in 2023, then increased by 3 bps to 58.48% in 2024, then declined by 5 bps to 55.57% in 2025, then fell by 1 bps to 54.87% in 2026.
• The last three Gross Margin figures came in at 54.87% (Q1 2026), 55.57% (Q4 2025), and 58.5% (Q3 2025), per Business Quant data.