Lululemon Athletica (LULU) Operating Margin (2009 - 2026)

Lululemon Athletica has reported Operating Margin for 18 years, with the latest figure at 18.78% in Q3 2026.

• On a quarterly basis, Operating Margin fell 196.0% year-over-year to 18.78% in Q3 2026; TTM through Aug 2026 was 17.84%, a 505.0% decrease from a year earlier, with the FY2026 full-year figure at 19.91%, down 375.0% from the prior year.
• Operating Margin was 18.78% for Q3 2026 at Lululemon Athletica, up from 11.21% in the prior quarter.
• The five-year high for Operating Margin was 28.86% in Q1 2025, with the low at 11.21% in Q2 2026.
• Average Operating Margin over 5 years is 20.08%, with a median of 20.06% recorded in 2023.
• The sharpest annual moves came in 2023 and 2024: Operating Margin slumped 1639 bps in 2023, then soared 1717 bps in 2024.
• Over 5 years, Operating Margin stood at 18.98% in 2022, then decreased by 19 bps to 15.34% in 2023, then soared by 33 bps to 20.47% in 2024, then declined by 17 bps to 16.99% in 2025, then gained by 11 bps to 18.78% in 2026.
• The last three Operating Margin figures came in at 18.78% (Q3 2026), 11.21% (Q2 2026), and 22.31% (Q1 2026), per Business Quant data.