Ulta Beauty (ULTA) Net Margin (2010 - 2026)
Ulta Beauty (ULTA) posted Net Margin of 9.19% for Q1 2026, up 13.29% quarter-over-quarter from 8.11% in Q4 2025, and down 84.0% year-on-year from 57.45% in Q1 2025.
Ulta Beauty (ULTA) Net Margin (2010 - 2026) Analysis & Trends
Ulta Beauty (ULTA) has reported Net Margin for 17 consecutive years, with 9.19% the latest figure, recorded in Q1 2026.
- Net Margin for Q1 2026 came in at 9.19%, down 84.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 9.34% (down 91.0% YoY), and the FY2026 annual result was 9.34%, down 91.0% from the prior year.
- Net Margin was 9.19% for Q1 2026 at Ulta Beauty, up from 8.11% in the prior quarter.
- Over five years, Net Margin peaked at 14.13% in Q2 2022 and troughed at 8.11% in Q4 2025.
- Average Net Margin over 5 years is 10.85%, with a median of 10.6% recorded in 2022.
- Year-over-year, Net Margin jumped 280 bps in 2022 and sank 197 bps in 2024.
- Over 5 years, Net Margin stood at 11.74% in 2022, then dropped by 15 bps to 10.02% in 2023, then retreated by 5 bps to 9.57% in 2024, then slipped by 15 bps to 8.11% in 2025, then gained by 13 bps to 9.19% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 9.19% in Q1 2026, 8.11% in Q4 2025, and 9.38% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | NaaS Technology | 29.20 Bn | 29.20 Bn | - | - |
| 2 | Caseys General Stores | 28.94 Bn | 28.48 Bn | 1.08 Bn | 3.56% |
| 3 | Williams Sonoma | 27.71 Bn | 26.69 Bn | 1.10 Bn | 15.61% |
| 4 | Dick'S Sporting Goods | 19.10 Bn | 17.75 Bn | 1.77 Bn | 2.06% |
| 5 | Tractor Supply | 16.98 Bn | 16.76 Bn | 1.30 Bn | 4.58% |
| 6 | Best Buy | 16.25 Bn | 14.50 Bn | 2.10 Bn | 3.09% |
| 7 | Murphy USA | 10.35 Bn | 10.23 Bn | 3.98 Bn | 2.83% |
| 8 | Five Below | 10.07 Bn | 9.13 Bn | 696.98 Mn | 13.78% |
| 9 | Winmark | 8.93 Bn | 8.93 Bn | 20.23 Mn | 44.39% |
| 10 | Ulta Beauty | 204.65 Mn | -289.59 Mn | 1.48 Bn | 9.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 9.19% |
| 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% |
| Jul 31, 2021 | 12.75% |
| May 1, 2021 | 11.88% |