Lululemon Athletica (LULU) Net Margin (2009 - 2026)
Lululemon Athletica (LULU) recorded quarterly Net Margin of 16.12% in Q1 2026, up 34.8% quarter-over-quarter from 11.96% in Q4 2025, and down 460.0% on a YoY basis from 4.48% in Q1 2025.
Lululemon Athletica (LULU) Net Margin (2009 - 2026) Analysis & Trends
Lululemon Athletica's Net Margin history runs 18 years deep, the most recent figure standing at 16.12% for Q1 2026.
- In Q1 2026, Net Margin fell 460.0% year-over-year to 16.12%; the TTM figure through Feb 2026 stood at 14.22% (down 291.0% YoY), while the FY2026 annual figure was 14.22%, down 291.0% from the prior year.
- Net Margin was 16.12% for Q1 2026 at Lululemon Athletica, up from 11.96% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 20.89% in Q1 2024 to a low of 4.32% in Q1 2023.
- Historically, Net Margin has averaged 14.73% across 5 years, with a median of 14.68% in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin sank 1609 bps in 2023, then jumped 1657 bps in 2024.
- A 5-year view of Net Margin shows it stood at 13.76% in 2022, then fell by 18 bps to 11.28% in 2023, then jumped by 30 bps to 14.68% in 2024, then dropped by 19 bps to 11.96% in 2025, then soared by 35 bps to 16.12% in 2026.
- The last three Net Margin figures came in at 16.12% (Q1 2026), 11.96% (Q4 2025), and 14.69% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 177.75 Bn | 172.17 Bn | 4.48 Bn | 9.30% |
| 2 | Ross Stores | 74.23 Bn | 69.64 Bn | 1.80 Bn | 9.73% |
| 3 | Burlington Stores | 19.90 Bn | 19.15 Bn | 1.26 Bn | 4.02% |
| 4 | Lululemon Athletica | 13.59 Bn | 11.78 Bn | 2.00 Bn | 16.12% |
| 5 | Gap | 7.91 Bn | 5.35 Bn | 1.42 Bn | 9.69% |
| 6 | Urban Outfitters | 6.43 Bn | 5.73 Bn | 599.20 Mn | -25.17% |
| 7 | Boot Barn Holdings | 5.12 Bn | 4.92 Bn | 281.24 Mn | 12.16% |
| 8 | Victoria's Secret | 4.37 Bn | 3.90 Bn | 855.00 Mn | 8.81% |
| 9 | Abercrombie & Fitch | 3.57 Bn | 2.80 Bn | 1.10 Bn | 10.47% |
| 10 | American Eagle Outfitters | 2.83 Bn | 2.59 Bn | 651.06 Mn | -8.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Aug 1, 2021 | 14.34% |
| May 2, 2021 | 11.82% |