Ulta Beauty (ULTA) Gross Margin (2010 - 2026)
Ulta Beauty's Gross Margin was 39.10% in fiscal Q2 2027 (quarter ended Aug 1, 2026), down 0.05 percentage points from 39.15% a year earlier and down 0.97 percentage points from the prior quarter.
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Analysis
Ulta Beauty (ULTA) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ulta Beauty's Gross Margin was 39.32% through Aug 1, 2026, up 0.32 percentage points year-over-year.
- Gross Margin shows a five-year change of +7.41 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Gross Margin was 38.84% in FY2025 (-0.25 pp), 39.09% in FY2024 (-0.53 pp), 39.62% in FY2023 (+0.59 pp) and 39.03% in FY2022 (+7.35 pp).
- Quarterly Gross Margin has moved between 37.58% (fiscal Q4 2023) and 41.17% (fiscal Q3 2023) over five years.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of +0.31 percentage points.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q3 2022 (a gain of 4.41 percentage points); the worst was fiscal Q3 2024 (a drop of 1.31 percentage points).
- Per Business Quant data, ULTA's Gross Margin in the three fiscal quarters before Q2 2027 was 40.07% (Q1 2027), 38.06% (Q4 2026) and 40.44% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 52.26% |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 33.67% |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 33.41% |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | 33.04% |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 33.83% |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 33.67% |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 51.45% |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 18.76% |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 52.15% |
| 10 | Ulta Beauty | 23.38 Bn | 22.24 Bn | 1.19 Bn | 39.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 39.10% |
| May 2, 2026 | 40.07% |
| Jan 31, 2026 | 38.06% |
| Nov 1, 2025 | 40.44% |
| Aug 2, 2025 | 39.15% |
| May 3, 2025 | 39.12% |
| Feb 1, 2025 | 38.24% |
| Nov 2, 2024 | 39.75% |
| Aug 3, 2024 | 38.33% |
| May 4, 2024 | 39.25% |
| Feb 3, 2024 | 37.72% |
| Oct 28, 2023 | 39.86% |
| Jul 29, 2023 | 39.28% |
| Apr 29, 2023 | 40.04% |
| Jan 28, 2023 | 37.58% |
| Oct 29, 2022 | 41.17% |
| Jul 30, 2022 | 40.41% |
| Apr 30, 2022 | 40.11% |
| Jan 29, 2022 | 37.64% |
| Oct 30, 2021 | 39.56% |
API Access
Ulta Beauty Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ULTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ULTA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ULTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();