Lululemon Athletica (LULU) Net Margin (2009 - 2026)
Lululemon Athletica (LULU) posted quarterly Net Margin of 16.12% for Q1 2026, down 460.0% year-over-year from 4.48% in Q1 2025, and up 34.8% quarter-over-quarter from 11.96% in Q4 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 for Q1 2026 stood at 16.12%, up from 11.96% 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.
- The 5-year median for Net Margin is 14.68% (2024), against an average of 14.73%.
- The sharpest annual moves came in 2023 and 2024: Net Margin plunged 1609 bps in 2023, then soared 1657 bps in 2024.
- Lululemon Athletica's Net Margin stood at 13.76% in 2022, then declined by 18 bps to 11.28% in 2023, then soared by 30 bps to 14.68% in 2024, then slipped by 19 bps to 11.96% in 2025, then surged by 35 bps to 16.12% in 2026.
- Business Quant data shows LULU's Net Margin at 16.12% in Q1 2026, 11.96% in Q4 2025, and 14.69% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 155.79 Bn | 150.21 Bn | 4.48 Bn | 9.30% |
| 2 | Ross Stores | 73.01 Bn | 68.88 Bn | 1.78 Bn | 10.81% |
| 3 | Burlington Stores | 20.93 Bn | 20.19 Bn | 1.26 Bn | 4.02% |
| 4 | Lululemon Athletica | 13.36 Bn | 11.84 Bn | 1.34 Bn | 7.89% |
| 5 | Gap | 7.23 Bn | 4.67 Bn | 1.42 Bn | 9.69% |
| 6 | Victoria's Secret | 7.03 Bn | 6.82 Bn | 585.00 Mn | 3.65% |
| 7 | Urban Outfitters | 6.38 Bn | 5.97 Bn | 542.57 Mn | 7.81% |
| 8 | Boot Barn Holdings | 4.90 Bn | 4.76 Bn | - | - |
| 9 | Abercrombie & Fitch | 4.70 Bn | 4.08 Bn | 682.63 Mn | 6.12% |
| 10 | American Eagle Outfitters | 2.69 Bn | 2.58 Bn | 456.17 Mn | 1.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Aug 1, 2021 | 14.34% |