Under Armour (UA) Gross Margin (2009 - 2026)
Under Armour's (UA) quarterly Gross Margin came in at 54.09% in Q2 2026, up 590.0% on a YoY basis from 7.84% in Q2 2025, and up 28.74% quarter-over-quarter from 42.01% in Q1 2026.
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Under Armour (UA) Gross Margin (2009 - 2026) Analysis & Trends
Under Armour (UA) has reported Gross Margin for 18 consecutive years, with 54.09% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 590.0% year-over-year to 54.09%; the trailing twelve-month figure through Jun 2026 stood at 46.78% (down 129.0% YoY), and the FY2026 full-year result was 45.48%, down 244.0% from the prior year.
- Gross Margin improved to 54.09% in Q2 2026 per UA's latest filing, from 42.01% in the prior quarter.
- Across five years, Gross Margin topped out at 54.09% in Q2 2026 and bottomed at 42.01% in Q1 2026.
- Historically, Gross Margin has averaged 46.72% across 5 years, with a median of 46.6% in 2022.
- The widest YoY moves for Gross Margin: up 590 bps in 2026, down 464 bps in 2026.
- Over 5 years, Gross Margin stood at 45.98% in 2022, then declined by 2 bps to 45.13% in 2023, then advanced by 5 bps to 47.48% in 2024, then dropped by 6 bps to 44.42% in 2025, then grew by 22 bps to 54.09% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 54.09%, 42.01%, and 44.42% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Lululemon Athletica | 10.96 Bn | 9.57 Bn | 1.46 Bn | 60.52% |
| 2 | Gildan Activewear | 7.92 Bn | 7.65 Bn | 459.76 Mn | 29.05% |
| 3 | Levi Strauss | 7.74 Bn | 6.76 Bn | 979.10 Mn | 62.68% |
| 4 | V F | 4.92 Bn | 4.25 Bn | 917.04 Mn | 54.93% |
| 5 | Kontoor Brands | 3.66 Bn | 3.60 Bn | 328.26 Mn | 56.18% |
| 6 | Pvh | 3.14 Bn | 2.18 Bn | 1.32 Bn | 63.03% |
| 7 | Warby Parker | 2.98 Bn | 2.69 Bn | 136.46 Mn | 57.94% |
| 8 | Columbia Sportswear | 2.86 Bn | 2.24 Bn | 358.43 Mn | 58.34% |
| 9 | Figs | 2.11 Bn | 1.82 Bn | 147.86 Mn | 75.20% |
| 10 | Under Armour | 2.03 Bn | 1.63 Bn | 593.83 Mn | 54.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.09% |
| Mar 31, 2026 | 42.01% |
| Dec 31, 2025 | 44.42% |
| Sep 30, 2025 | 47.29% |
| Jun 30, 2025 | 48.19% |
| Mar 31, 2025 | 46.65% |
| Dec 31, 2024 | 47.48% |
| Sep 30, 2024 | 49.76% |
| Jun 30, 2024 | 47.54% |
| Mar 31, 2024 | 45.01% |
| Dec 31, 2023 | 45.13% |
| Sep 30, 2023 | 47.78% |
| Jun 30, 2023 | 46.43% |
| Mar 31, 2023 | 43.29% |
| Sep 30, 2022 | 45.98% |
| Jun 30, 2022 | 46.55% |
| Dec 31, 2021 | 50.45% |
| Sep 30, 2021 | 50.29% |
| Jun 30, 2021 | 49.49% |
| Mar 31, 2021 | 50.00% |