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

Ulta Beauty (ULTA) has reported Gross Margin for 17 consecutive years, with 39.1% the latest figure, recorded in Q3 2026.

• For the quarter ending Q3 2026, Gross Margin fell 5.0% year-over-year to 39.1%; the trailing twelve-month figure through Aug 2026 stood at 39.32% (up 32.0% YoY), and the FY2026 full-year result was 39.1%, up 26.0% from the prior year.
• Gross Margin declined to 39.1% in Q3 2026 per ULTA's latest filing, from 40.07% in the prior quarter.
• Across five years, Gross Margin topped out at 41.17% in Q4 2022 and bottomed at 37.58% in Q1 2023.
• Historically, Gross Margin has averaged 39.23% across 5 years, with a median of 39.25% in 2024.
• The sharpest annual moves came in 2022 and 2023: Gross Margin soared 257 bps in 2022, then sank 131 bps in 2023.
• Over 5 years, Gross Margin stood at 41.17% in 2022, then slipped by 3 bps to 39.86% in 2023, then fell by 0 bps to 39.75% in 2024, then increased by 2 bps to 40.44% in 2025, then declined by 3 bps to 39.1% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 39.1%, 40.07%, and 38.06% for Q3 2026, Q2 2026, and Q1 2026 respectively.