Ulta Beauty (ULTA) Tax Rate (2010 - 2026)
Ulta Beauty (ULTA) posted Tax Rate of 24.8% for Q1 2026, up 3.1% on a QoQ basis from 24.05% in Q4 2025, and down 768.0% year-over-year from 3.71% in Q1 2025.
Ulta Beauty (ULTA) Tax Rate (2010 - 2026) Analysis & Trends
Ulta Beauty's Tax Rate history runs 17 years deep, the most recent figure standing at 24.8% for Q1 2026.
- Quarterly Tax Rate fell 768.0% year-over-year to 24.8% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 24.52% (down 220.0% YoY) and the FY2026 annual result came in at 24.52%, down 220.0% from the prior year.
- Tax Rate was 24.8% for Q1 2026 at Ulta Beauty, up from 24.05% in the prior quarter.
- Across five years, Tax Rate topped out at 32.48% in Q1 2025 and bottomed at 22.78% in Q2 2023.
- A 5-year average of 24.61% and a median of 24.32% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2025 — Tax Rate soared 826 bps — and 2026, when it tumbled 768 bps.
- Ulta Beauty's Tax Rate stood at 24.3% in 2022, then gained by 0 bps to 24.34% in 2023, then climbed by 0 bps to 24.36% in 2024, then dropped by 1 bps to 24.05% in 2025, then rose by 3 bps to 24.8% in 2026.
- Business Quant data shows ULTA's Tax Rate at 24.8% in Q1 2026, 24.05% in Q4 2025, and 24.49% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.13 Bn | 31.61 Bn | 1.08 Bn | 23.67% |
| 2 | NaaS Technology | 30.58 Bn | 30.58 Bn | - | - |
| 3 | Williams Sonoma | 28.34 Bn | 27.33 Bn | 1.10 Bn | 24.31% |
| 4 | Ulta Beauty | 23.18 Bn | 22.69 Bn | 1.48 Bn | 24.80% |
| 5 | Best Buy | 18.52 Bn | 16.77 Bn | 2.10 Bn | 26.98% |
| 6 | Dick'S Sporting Goods | 16.59 Bn | 15.24 Bn | 1.77 Bn | 28.71% |
| 7 | MINISO Group Holding | 16.05 Bn | 14.98 Bn | 414.86 Mn | -384.43% |
| 8 | Tractor Supply | 15.89 Bn | 15.66 Bn | 1.30 Bn | 23.24% |
| 9 | Five Below | 12.09 Bn | 11.16 Bn | 696.98 Mn | 24.82% |
| 10 | Murphy USA | 11.42 Bn | 11.30 Bn | -3.64 Bn | 22.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 24.80% |
| Jan 31, 2026 | 24.80% |
| Jan 31, 2026 | 24.80% |
| Nov 1, 2025 | 24.05% |
| Nov 1, 2025 | 24.05% |
| Nov 1, 2025 | 24.05% |
| Aug 2, 2025 | 24.49% |
| Aug 2, 2025 | 24.49% |
| Aug 2, 2025 | 24.49% |
| May 3, 2025 | 24.58% |
| May 3, 2025 | 24.58% |
| May 3, 2025 | 24.58% |
| Feb 1, 2025 | 32.48% |
| Feb 1, 2025 | 32.48% |
| Feb 1, 2025 | 32.48% |
| Nov 2, 2024 | 24.36% |
| Nov 2, 2024 | 24.36% |
| Nov 2, 2024 | 24.36% |
| Aug 3, 2024 | 24.32% |
| Aug 3, 2024 | 24.32% |