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

Ulta Beauty's Net Margin history runs 17 years deep, the most recent figure standing at 9.15% for Q1 2026.

• Quarterly Net Margin fell 88.0% year-over-year to 9.15% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 9.33% (down 92.0% YoY) and the FY2026 annual result came in at 9.33%, down 92.0% from the prior year.
• Net Margin was 9.15% for Q1 2026 at Ulta Beauty, up from 8.11% 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.
• A 5-year average of 10.85% and a median of 10.6% in 2022 frame the typical range for Net Margin.
• Annual changes were most pronounced in 2022 — Net Margin surged 280 bps — and 2024, when it slumped 197 bps.
• Ulta Beauty's 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 increased by 13 bps to 9.15% in 2026.
• Business Quant data shows ULTA's Net Margin at 9.15% in Q1 2026, 8.11% in Q4 2025, and 9.38% in Q3 2025.