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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Ulta Beauty (ULTA) Gross Margin (2016 - 2026)

Ulta Beauty's Gross Margin history spans 17 years, with the latest figure at 38.06% for Q1 2026.

  • For Q1 2026, Gross Margin fell 18.0% year-over-year to 38.06%; the TTM value through Jan 2026 reached 39.1%, up 26.0%, while the annual FY2026 figure was 39.1%, 26.0% up from the prior year.
  • Gross Margin reached 38.06% in Q1 2026 per ULTA's latest filing, down from 40.44% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 41.17% in Q4 2022 to a low of 37.58% in Q1 2023.
  • Average Gross Margin over 5 years is 39.18%, with a median of 39.25% recorded in 2024.
  • Peak YoY movement for Gross Margin: soared 257bps in 2022, then plummeted -131bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 41.17% in 2022, then fell by -3bps to 39.86% in 2023, then fell by 0bps to 39.75% in 2024, then increased by 2bps to 40.44% in 2025, then fell by -6bps to 38.06% in 2026.
  • Per Business Quant, the three most recent readings for ULTA's Gross Margin are 38.06% (Q1 2026), 40.44% (Q4 2025), and 39.15% (Q3 2025).