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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 filings provide 17 years of Gross Margin readings, the most recent being 38.06% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 18.0% to 38.06% in Q1 2026 year-over-year; TTM through Jan 2026 was 39.1%, a 26.0% increase, with the full-year FY2026 number at 39.1%, up 26.0% from a year prior.
  • Gross Margin hit 38.06% in Q1 2026 for Ulta Beauty, 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.
  • Median Gross Margin over the past 5 years was 39.25% (2024), compared with a mean of 39.18%.
  • Biggest five-year swings in Gross Margin: skyrocketed 257bps in 2022 and later tumbled -131bps in 2023.
  • Ulta Beauty's Gross Margin 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.
  • The last three reported values for Gross Margin were 38.06% (Q1 2026), 40.44% (Q4 2025), and 39.15% (Q3 2025) per Business Quant data.