Growth Metrics

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

Ulta Beauty filings provide 17 years of Net Margin readings, the most recent being 9.19% for Q1 2026.

  • On a quarterly basis, Net Margin fell 84.0% to 9.19% in Q1 2026 year-over-year; TTM through Jan 2026 was 9.34%, a 91.0% decrease, with the full-year FY2026 number at 9.34%, down 91.0% from a year prior.
  • Net Margin hit 9.19% in Q1 2026 for Ulta Beauty, 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.
  • Median Net Margin over the past 5 years was 10.6% (2022), compared with a mean of 10.85%.
  • Biggest five-year swings in Net Margin: skyrocketed 280bps in 2022 and later crashed -197bps in 2024.
  • Ulta Beauty's Net Margin 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.
  • The last three reported values for Net Margin were 9.19% (Q1 2026), 8.11% (Q4 2025), and 9.38% (Q3 2025) per Business Quant data.