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

Ulta Beauty has reported Net Margin for 17 years, with the latest figure at 9.19% in Q1 2026.

• For the quarter ending Q1 2026, Net Margin fell 84.0% year-over-year to 9.19%; the trailing twelve-month figure through Jan 2026 stood at 9.34% (down 91.0% YoY), and the FY2026 full-year result was 9.34%, down 91.0% from the prior year.
• Net Margin for Q1 2026 stood at 9.19%, up from 8.11% in the prior quarter.
• The five-year high for Net Margin was 14.13% in Q2 2022, with the low at 8.11% in Q4 2025.
• Historically, Net Margin has averaged 10.85% across 5 years, with a median of 10.6% in 2022.
• Annual changes were most pronounced in 2022 — Net Margin surged 280 bps — and 2024, when it tumbled 197 bps.
• Ulta Beauty's Net Margin stood at 11.74% in 2022, then retreated by 15 bps to 10.02% in 2023, then dropped by 5 bps to 9.57% in 2024, then fell by 15 bps to 8.11% in 2025, then grew by 13 bps to 9.19% in 2026.
• The last three Net Margin figures came in at 9.19% (Q1 2026), 8.11% (Q4 2025), and 9.38% (Q3 2025), per Business Quant data.