Growth Metrics

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

Ulta Beauty's Net Margin history spans 17 years, with the latest figure at 9.19% for Q1 2026.

  • For Q1 2026, Net Margin fell 84.0% year-over-year to 9.19%; the TTM value through Jan 2026 reached 9.34%, down 91.0%, while the annual FY2026 figure was 9.34%, 91.0% down from the prior year.
  • Net Margin reached 9.19% in Q1 2026 per ULTA's latest filing, up from 8.11% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 14.13% in Q2 2022 to a low of 8.11% in Q4 2025.
  • Average Net Margin over 5 years is 10.85%, with a median of 10.6% recorded in 2022.
  • Peak YoY movement for Net Margin: soared 280bps in 2022, then tumbled -197bps in 2024.
  • A 5-year view of Net Margin shows it stood at 11.74% in 2022, then fell by -15bps to 10.02% in 2023, then fell by -5bps to 9.57% in 2024, then decreased by -15bps to 8.11% in 2025, then rose by 13bps to 9.19% in 2026.
  • Per Business Quant, the three most recent readings for ULTA's Net Margin are 9.19% (Q1 2026), 8.11% (Q4 2025), and 9.38% (Q3 2025).