Lululemon Athletica (LULU) Net Margin (2009 - 2026)
Lululemon Athletica (LULU) posted Net Margin of 13.63% for Q3 2026, up 72.7% on a QoQ basis from 7.89% in Q2 2026, and down 106.0% year-over-year from 227.15% in Q3 2025.
Analysis
Lululemon Athletica (LULU) Net Margin (2009 - 2026) Analysis & Trends
Lululemon Athletica has reported Net Margin for 18 years, with the latest figure at 13.63% in Q3 2026.
- On a quarterly basis, Net Margin fell 106.0% year-over-year to 13.63% in Q3 2026; TTM through Aug 2026 was 12.78%, a 360.0% decrease from a year earlier, with the FY2026 full-year figure at 14.22%, down 291.0% from the prior year.
- Net Margin was 13.63% for Q3 2026 at Lululemon Athletica, up from 7.89% in the prior quarter.
- The five-year high for Net Margin was 20.89% in Q1 2024, with the low at 4.32% in Q1 2023.
- Average Net Margin over 5 years is 14.32%, with a median of 14.55% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin plunged 1609 bps in 2023, then surged 1657 bps in 2024.
- Over 5 years, Net Margin stood at 13.76% in 2022, then retreated by 18 bps to 11.28% in 2023, then surged by 30 bps to 14.68% in 2024, then declined by 19 bps to 11.96% in 2025, then increased by 14 bps to 13.63% in 2026.
- The last three Net Margin figures came in at 13.63% (Q3 2026), 7.89% (Q2 2026), and 16.12% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Lululemon Athletica | 10.72 Bn | 9.33 Bn | 1.46 Bn | 13.63% |
| 2 | Gildan Activewear | 8.17 Bn | 7.91 Bn | 459.76 Mn | 5.71% |
| 3 | Levi Strauss | 8.13 Bn | 7.15 Bn | 979.10 Mn | 5.59% |
| 4 | V F | 5.28 Bn | 4.61 Bn | 917.04 Mn | -5.82% |
| 5 | Kontoor Brands | 4.02 Bn | 3.96 Bn | 328.26 Mn | 10.65% |
| 6 | Pvh | 3.43 Bn | 2.46 Bn | 1.32 Bn | -4.91% |
| 7 | Warby Parker | 3.00 Bn | 2.71 Bn | 136.46 Mn | 1.97% |
| 8 | Columbia Sportswear | 2.95 Bn | 2.33 Bn | 358.43 Mn | 4.32% |
| 9 | Figs | 2.27 Bn | 1.97 Bn | 147.86 Mn | 14.43% |
| 10 | Under Armour | 2.19 Bn | 1.80 Bn | 593.83 Mn | 0.07% |
Historic Data
Download Data
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% |