KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

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

Ulta Beauty's Operating Margin history spans 17 years, with the latest figure at 12.23% for Q1 2026.

  • For Q1 2026, Operating Margin fell 257.0% year-over-year to 12.23%; the TTM value through Jan 2026 reached 12.37%, down 148.0%, while the annual FY2026 figure was 12.37%, 148.0% down from the prior year.
  • Operating Margin reached 12.23% in Q1 2026 per ULTA's latest filing, up from 10.83% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 18.66% in Q2 2022 to a low of 10.83% in Q4 2025.
  • Average Operating Margin over 5 years is 14.31%, with a median of 14.11% recorded in 2025.
  • Peak YoY movement for Operating Margin: soared 356bps in 2022, then tumbled -258bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 15.47% in 2022, then decreased by -15bps to 13.15% in 2023, then dropped by -4bps to 12.59% in 2024, then decreased by -14bps to 10.83% in 2025, then grew by 13bps to 12.23% in 2026.
  • Per Business Quant, the three most recent readings for ULTA's Operating Margin are 12.23% (Q1 2026), 10.83% (Q4 2025), and 12.37% (Q3 2025).