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

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

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

Ulta Beauty's EBT Margin history runs 17 years deep, the most recent figure standing at 12.17% for Q1 2026.

  • Quarterly EBT Margin fell 269.0% year-over-year to 12.17% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 12.36% (down 163.0% YoY) and the FY2026 annual result came in at 12.36%, down 163.0% from the prior year.
  • EBT Margin was 12.17% for Q1 2026 at Ulta Beauty, up from 10.68% in the prior quarter.
  • Across five years, EBT Margin topped out at 18.64% in Q2 2022 and bottomed at 10.68% in Q4 2025.
  • A 5-year average of 14.39% and a median of 14.23% in 2025 frame the typical range for EBT Margin.
  • Annual changes were most pronounced in 2022 — EBT Margin surged 357 bps — and 2026, when it tumbled 269 bps.
  • Ulta Beauty's EBT Margin stood at 15.51% in 2022, then fell by 15 bps to 13.25% in 2023, then declined by 4 bps to 12.65% in 2024, then dropped by 16 bps to 10.68% in 2025, then advanced by 14 bps to 12.17% in 2026.
  • Business Quant data shows ULTA's EBT Margin at 12.17% in Q1 2026, 10.68% in Q4 2025, and 12.42% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Caseys General Stores 32.13 Bn 31.61 Bn 1.08 Bn 4.66%
2 NaaS Technology 30.58 Bn 30.58 Bn - -
3 Williams Sonoma 28.34 Bn 27.33 Bn 1.10 Bn 20.63%
4 Ulta Beauty 23.18 Bn 22.69 Bn 1.48 Bn 12.17%
5 Best Buy 18.52 Bn 16.77 Bn 2.10 Bn 4.23%
6 Dick'S Sporting Goods 16.59 Bn 15.24 Bn 1.77 Bn 2.89%
7 MINISO Group Holding 16.05 Bn 14.98 Bn 414.86 Mn 0.78%
8 Tractor Supply 15.89 Bn 15.66 Bn 1.30 Bn 5.97%
9 Five Below 12.09 Bn 11.16 Bn 696.98 Mn 18.33%
10 Murphy USA 11.42 Bn 11.30 Bn -3.64 Bn 31.19%

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%