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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Lululemon Athletica (LULU) Operating Margin (2016 - 2026)

Lululemon Athletica (LULU) has 17 years of Operating Margin data on record, last reported at 16.99% in Q4 2025.

  • For Q4 2025, Operating Margin fell 349.0% year-over-year to 16.99%; the TTM value through Nov 2025 reached 22.04%, down 131.0%, while the annual FY2025 figure was 23.67%, 149.0% up from the prior year.
  • Operating Margin reached 16.99% in Q4 2025 per LULU's latest filing, down from 20.74% in the prior quarter.
  • Across five years, Operating Margin topped out at 28.86% in Q1 2025 and bottomed at 11.34% in Q1 2023.
  • Average Operating Margin over 5 years is 20.47%, with a median of 20.06% recorded in 2023.
  • Peak YoY movement for Operating Margin: plummeted -1639bps in 2023, then surged 1717bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 17.78% in 2021, then grew by 7bps to 18.98% in 2022, then dropped by -19bps to 15.34% in 2023, then surged by 33bps to 20.47% in 2024, then dropped by -17bps to 16.99% in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Margin were 16.99% in Q4 2025, 20.74% in Q3 2025, and 18.5% in Q2 2025.