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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 has reported Operating Margin over the past 18 years, most recently at 22.31% for Q1 2026.

  • Quarterly results put Operating Margin at 22.31% for Q1 2026, down 655.0% from a year ago — trailing twelve months through Feb 2026 was 19.91% (down 375.0% YoY), and the annual figure for FY2026 was 19.91%, down 375.0%.
  • Operating Margin for Q1 2026 was 22.31% at Lululemon Athletica, up from 16.99% in the prior quarter.
  • Over the last five years, Operating Margin for LULU hit a ceiling of 28.86% in Q1 2025 and a floor of 11.34% in Q1 2023.
  • Median Operating Margin over the past 5 years was 20.47% (2024), compared with a mean of 20.68%.
  • Biggest five-year swings in Operating Margin: crashed -1639bps in 2023 and later skyrocketed 1717bps in 2024.
  • Lululemon Athletica's Operating Margin stood at 18.98% in 2022, then decreased by -19bps to 15.34% in 2023, then soared by 33bps to 20.47% in 2024, then decreased by -17bps to 16.99% in 2025, then soared by 31bps to 22.31% in 2026.
  • The last three reported values for Operating Margin were 22.31% (Q1 2026), 16.99% (Q4 2025), and 20.74% (Q3 2025) per Business Quant data.