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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.

  • For Q1 2026, Operating Margin fell 655.0% year-over-year to 22.31%; the TTM value through Feb 2026 reached 19.91%, down 375.0%, while the annual FY2026 figure was 19.91%, 375.0% down from the prior year.
  • Operating Margin for Q1 2026 was 22.31% at Lululemon Athletica, up from 16.99% in the prior quarter.
  • Over five years, Operating Margin peaked at 28.86% in Q1 2025 and troughed at 11.34% in Q1 2023.
  • A 5-year average of 20.68% and a median of 20.47% in 2024 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: plummeted -1639bps in 2023 and later surged 1717bps in 2024.
  • Year by year, Operating Margin stood at 18.98% in 2022, then fell by -19bps to 15.34% in 2023, then skyrocketed by 33bps to 20.47% in 2024, then fell by -17bps to 16.99% in 2025, then skyrocketed by 31bps to 22.31% in 2026.
  • Business Quant data shows Operating Margin for LULU at 22.31% in Q1 2026, 16.99% in Q4 2025, and 20.74% in Q3 2025.