Ulta Beauty (ULTA) Tax Rate (2010 - 2026)

Ulta Beauty (ULTA) reported Tax Rate of 24.45% for Q1 2026, down 803.0% on a YoY basis from 3.48% in Q1 2025, and up 1.67% quarter-over-quarter from 24.05% in Q4 2025.

Ulta Beauty (ULTA) Tax Rate (2010 - 2026) Analysis & Trends

Ulta Beauty has reported Tax Rate for 17 years, with the latest figure at 24.45% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate fell 803.0% year-over-year to 24.45%; the trailing twelve-month figure through Jan 2026 stood at 24.42% (down 231.0% YoY), and the FY2026 full-year result was 24.42%, down 231.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 24.45%, up from 24.05% in the prior quarter.
  • The five-year high for Tax Rate was 32.48% in Q1 2025, with the low at 18.35% in Q1 2024.
  • Historically, Tax Rate has averaged 24.24% across 5 years, with a median of 24.32% in 2024.
  • Annual changes were most pronounced in 2025 — Tax Rate surged 1414 bps — and 2026, when it tumbled 803 bps.
  • Ulta Beauty's Tax Rate stood at 24.3% in 2022, then increased by 0 bps to 24.34% in 2023, then gained by 0 bps to 24.36% in 2024, then decreased by 1 bps to 24.05% in 2025, then advanced by 2 bps to 24.45% in 2026.
  • The last three Tax Rate figures came in at 24.45% (Q1 2026), 24.05% (Q4 2025), and 24.49% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Caseys General Stores 27.84 Bn 27.38 Bn 1.01 Bn 24.13%
2 Williams Sonoma 24.59 Bn 23.57 Bn 1.10 Bn 24.31%
3 Ulta Beauty 20.75 Bn 20.25 Bn 1.48 Bn 24.45%
4 Dick'S Sporting Goods 17.81 Bn 16.45 Bn 1.77 Bn 28.71%
5 Tractor Supply 15.90 Bn 15.67 Bn 1.30 Bn 23.24%
6 Best Buy 15.61 Bn 13.87 Bn 2.10 Bn 26.98%
7 NaaS Technology 14.72 Bn 14.70 Bn - -
8 Five Below 10.27 Bn 9.34 Bn 696.98 Mn 24.82%
9 Murphy USA 10.20 Bn 10.08 Bn 3.98 Bn 22.64%
10 GameStop 9.92 Bn 905.02 Mn 386.80 Mn -66.10%

Historic Data

Download Data
DateValue
Jan 31, 2026 24.45%
Jan 31, 2026 24.45%
Nov 1, 2025 24.05%
Nov 1, 2025 24.05%
Aug 2, 2025 24.49%
Aug 2, 2025 24.49%
May 3, 2025 24.58%
May 3, 2025 24.58%
Feb 1, 2025 32.48%
Feb 1, 2025 32.48%
Nov 2, 2024 24.36%
Nov 2, 2024 24.36%
Aug 3, 2024 24.32%
Aug 3, 2024 24.32%
May 4, 2024 23.23%
May 4, 2024 23.23%
Feb 3, 2024 18.35%
Feb 3, 2024 18.35%
Oct 28, 2023 24.34%
Oct 28, 2023 24.34%