Lululemon Athletica (LULU) Net Margin (2009 - 2026)
Lululemon Athletica (LULU) reported Net Margin of 13.63% for fiscal Q2 2027 (quarter ended Aug 2, 2026), down 1.06 percentage points from 14.69% a year earlier but up 5.74 percentage points from the prior quarter.
Lululemon Athletica (LULU) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Aug 2, 2026, Lululemon Athletica's Net Margin came in at 12.78%, down 3.60 percentage points year-over-year; for FY2026 (ended Feb 1, 2026), it came in at 14.22%, down 2.91 percentage points from FY2025.
- Net Margin has a five-year change of +0.84 percentage points (FY2021 to FY2026).
- By fiscal year, Net Margin came in at 17.14% in FY2025 (+1.02 pp), 16.12% in FY2024 (+5.58 pp), 10.54% in FY2023 (-5.05 pp) and 15.59% in FY2022 (+2.21 pp).
- Five-year quarterly Net Margin spans a low of 4.32% in fiscal Q4 2023 and a high of 20.89% in fiscal Q4 2024.
- Year over year, Net Margin has now declined in each of the last seven quarters, with an average year-over-year change of -1.71 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was fiscal Q4 2024 (a gain of 16.57 percentage points); the low point was fiscal Q4 2023 (a drop of 16.09 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at 7.89% (Q1 2027), 16.12% (Q4 2026) and 11.96% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 53.14 Bn | 19.13 Bn | 5.39 Bn | 9.74% |
| 2 | Tapestry | 22.87 Bn | 18.83 Bn | 1.56 Bn | 18.53% |
| 3 | Ralph Lauren | 21.39 Bn | 13.49 Bn | 1.44 Bn | 13.38% |
| 4 | Deckers Outdoor | 11.06 Bn | 3.93 Bn | - | - |
| 5 | Lululemon Athletica | 10.32 Bn | 4.58 Bn | 1.46 Bn | 13.63% |
| 6 | Levi Strauss | 7.62 Bn | 4.28 Bn | 979.10 Mn | 5.59% |
| 7 | Gildan Activewear | 6.55 Bn | 5.54 Bn | 459.76 Mn | -3.16% |
| 8 | Birkenstock Holding | 6.07 Bn | 4.38 Bn | 493.89 Mn | 15.23% |
| 9 | Crocs | 5.90 Bn | 5.31 Bn | 700.71 Mn | 17.37% |
| 10 | V F | 5.70 Bn | 2.32 Bn | 917.04 Mn | -5.82% |
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 13.63% |
| May 3, 2026 | 7.89% |
| Feb 1, 2026 | 16.12% |
| Nov 2, 2025 | 11.96% |
| Aug 3, 2025 | 14.69% |
| May 4, 2025 | 13.27% |
| Feb 2, 2025 | 20.72% |
| Oct 27, 2024 | 14.68% |
| Jul 28, 2024 | 16.57% |
| Apr 28, 2024 | 14.55% |
| Jan 28, 2024 | 20.89% |
| Oct 29, 2023 | 11.28% |
| Jul 30, 2023 | 15.46% |
| Apr 30, 2023 | 14.51% |
| Jan 29, 2023 | 4.32% |
| Oct 30, 2022 | 13.76% |
| Jul 31, 2022 | 15.50% |
| May 1, 2022 | 11.78% |
| Jan 30, 2022 | 20.41% |
| Oct 31, 2021 | 12.95% |
Lululemon Athletica Net 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=net-margin&ticker=LULU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=LULU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();