Ulta Beauty (ULTA) EBT Margin (2010 - 2026)

Ulta Beauty (ULTA) reported EBT Margin of 12.17% for Q1 2026, down 269.0% on a YoY basis from 7.2% in Q1 2025, and up 13.89% quarter-over-quarter from 10.68% in Q4 2025.

Ulta Beauty (ULTA) EBT Margin (2010 - 2026) Analysis & Trends

Ulta Beauty has reported EBT Margin for 17 years, with the latest figure at 12.17% in Q1 2026.

  • For the quarter ending Q1 2026, EBT Margin fell 269.0% year-over-year to 12.17%; the trailing twelve-month figure through Jan 2026 stood at 12.36% (down 163.0% YoY), and the FY2026 full-year result was 12.36%, down 163.0% from the prior year.
  • EBT Margin for Q1 2026 stood at 12.17%, up from 10.68% in the prior quarter.
  • The five-year high for EBT Margin was 18.64% in Q2 2022, with the low at 10.68% in Q4 2025.
  • Historically, EBT Margin has averaged 14.39% across 5 years, with a median of 14.23% in 2025.
  • Annual changes were most pronounced in 2022 — EBT Margin surged 357 bps — and 2026, when it plunged 269 bps.
  • Ulta Beauty's EBT Margin stood at 15.51% in 2022, then dropped by 15 bps to 13.25% in 2023, then slipped by 4 bps to 12.65% in 2024, then decreased by 16 bps to 10.68% in 2025, then rose by 14 bps to 12.17% in 2026.
  • The last three EBT Margin figures came in at 12.17% (Q1 2026), 10.68% (Q4 2025), and 12.42% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Caseys General Stores 27.84 Bn 27.38 Bn 1.01 Bn 4.38%
2 Williams Sonoma 24.59 Bn 23.57 Bn 1.10 Bn 20.63%
3 Ulta Beauty 20.75 Bn 20.25 Bn 1.48 Bn 12.17%
4 Dick'S Sporting Goods 17.81 Bn 16.45 Bn 1.77 Bn 2.89%
5 Tractor Supply 15.90 Bn 15.67 Bn 1.30 Bn 5.97%
6 Best Buy 15.61 Bn 13.87 Bn 2.10 Bn 4.23%
7 NaaS Technology 14.72 Bn 14.70 Bn - -
8 Five Below 10.27 Bn 9.34 Bn 696.98 Mn 18.33%
9 Murphy USA 10.20 Bn 10.08 Bn 3.98 Bn 3.66%
10 GameStop 9.92 Bn 905.02 Mn 386.80 Mn 6.97%

Historic Data

Download Data
DateValue
Jan 31, 2026 12.17%
Nov 1, 2025 10.68%
Aug 2, 2025 12.42%
May 3, 2025 14.23%
Feb 1, 2025 14.86%
Nov 2, 2024 12.65%
Aug 3, 2024 13.08%
May 4, 2024 14.96%
Feb 3, 2024 14.64%
Oct 28, 2023 13.25%
Jul 29, 2023 15.66%
Apr 29, 2023 17.06%
Jan 28, 2023 14.01%
Oct 29, 2022 15.51%
Jul 30, 2022 17.04%
Apr 30, 2022 18.64%
Jan 29, 2022 13.75%
Oct 30, 2021 14.22%
Jul 31, 2021 16.87%
May 1, 2021 15.73%