Ulta Beauty (ULTA) Net Margin (2010 - 2026)
Ulta Beauty's (ULTA) quarterly Net Margin came in at 9.36% in Q3 2026, down 2.0% on a YoY basis from 9.55% in Q3 2025, and down 13.44% quarter-over-quarter from 10.81% in Q2 2026.
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Ulta Beauty (ULTA) Net Margin (2010 - 2026) Analysis & Trends
Ulta Beauty (ULTA) has reported Net Margin for 17 consecutive years, with 9.36% the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Net Margin fell 2.0% year-over-year to 9.36%; the trailing twelve-month figure through Aug 2026 stood at 9.38% (down 57.0% YoY), and the FY2026 full-year result was 9.33%, down 92.0% from the prior year.
- Net Margin slipped to 9.36% in Q3 2026 per ULTA's latest filing, from 10.81% in the prior quarter.
- Across five years, Net Margin topped out at 14.13% in Q2 2022 and bottomed at 8.11% in Q4 2025.
- Historically, Net Margin has averaged 10.77% across 5 years, with a median of 10.6% in 2022.
- The sharpest annual moves came in 2022 and 2024: Net Margin soared 280 bps in 2022, then plunged 197 bps in 2024.
- Over 5 years, Net Margin stood at 11.74% in 2022, then slipped by 15 bps to 10.02% in 2023, then fell by 5 bps to 9.57% in 2024, then decreased by 15 bps to 8.11% in 2025, then climbed by 15 bps to 9.36% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 9.36%, 10.81%, and 9.15% for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ulta Beauty | 23.01 Bn | 22.80 Bn | 1.19 Bn | 9.36% |
| 2 | Best Buy | 18.63 Bn | 16.37 Bn | 2.34 Bn | 3.21% |
| 3 | Dick'S Sporting Goods | 11.84 Bn | 10.93 Bn | 1.94 Bn | 5.65% |
| 4 | Signet Jewelers | 3.91 Bn | 3.31 Bn | 556.50 Mn | 2.04% |
| 5 | Academy Sports & Outdoors | 3.50 Bn | 3.16 Bn | 479.35 Mn | 3.65% |
| 6 | National Vision Holdings | 1.36 Bn | 1.32 Bn | 290.43 Mn | 2.49% |
| 7 | Gold.com | 1.26 Bn | 677.41 Mn | 176.58 Mn | 0.62% |
| 8 | Winmark | 1.11 Bn | 1.08 Bn | 21.15 Mn | 47.32% |
| 9 | GameStop | 1.04 Bn | -7.33 Bn | 340.30 Mn | 46.64% |
| 10 | Barnes & Noble Education | 377.78 Mn | 369.97 Mn | 57.05 Mn | -4.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 9.36% |
| May 2, 2026 | 10.81% |
| Jan 31, 2026 | 9.15% |
| Nov 1, 2025 | 8.11% |
| Aug 2, 2025 | 9.38% |
| May 3, 2025 | 10.73% |
| Feb 1, 2025 | 10.03% |
| Nov 2, 2024 | 9.57% |
| Aug 3, 2024 | 9.90% |
| May 4, 2024 | 11.49% |
| Feb 3, 2024 | 11.10% |
| Oct 28, 2023 | 10.02% |
| Jul 29, 2023 | 11.86% |
| Apr 29, 2023 | 13.17% |
| Jan 28, 2023 | 10.56% |
| Oct 29, 2022 | 11.74% |
| Jul 30, 2022 | 12.87% |
| Apr 30, 2022 | 14.13% |
| Jan 29, 2022 | 10.60% |
| Oct 30, 2021 | 10.79% |