lululemon athletica annual operating margin
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2025
lululemon athletica Operating Margin Growth & History (LULU)
lululemon athletica's operating margin was 19.91% for fiscal 2025.
View full lululemon athletica company overviewlululemon athletica annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-02-01 | 19.91% | −3.75 pp |
| 2024 | 2025-02-02 | 23.67% | +1.49 pp |
| 2023 | 2024-01-28 | 22.17% | +5.79 pp |
| 2022 | 2023-01-29 | 16.38% | −4.93 pp |
| 2021 | 2022-01-30 | 21.31% | +2.68 pp |
| 2020 | 2021-01-31 | 18.63% | −3.72 pp |
| 2019 | 2020-02-02 | 22.34% | +0.88 pp |
| 2018 | 2019-02-03 | 21.46% | +4.25 pp |
| 2017 | 2018-01-28 | 17.21% | −0.75 pp |
| 2016 | 2017-01-29 | 17.96% | +0.05 pp |
| 2015 | 2016-01-31 | 17.91% | −3.01 pp |
| 2014 | 2015-02-01 | 20.92% | −3.67 pp |
| 2013 | 2014-02-02 | 24.60% | −2.87 pp |
| 2012 | 2013-02-03 | 27.47% | −1.20 pp |
| 2011 | 2012-01-29 | 28.67% | +3.33 pp |
| 2010 | 2011-01-30 | 25.35% | +6.24 pp |
| 2009 | 2010-01-31 | 19.11% | +3.11 pp |
| 2008 | 2009-02-01 | 16.00% | — |
lululemon athletica quarterly operating margin
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Q4.25
Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-03 | 11.21% | −7.30 pp |
| Q4 2025 | 2026-02-01 | 22.31% | −6.55 pp |
| Q3 2025 | 2025-11-02 | 16.99% | −3.49 pp |
| Q2 2025 | 2025-08-03 | 20.74% | −2.04 pp |
| Q1 2025 | 2025-05-04 | 18.50% | −1.08 pp |
| Q4 2024 | 2025-02-02 | 28.86% | +0.34 pp |
| Q3 2024 | 2024-10-27 | 20.47% | +5.13 pp |
| Q2 2024 | 2024-07-28 | 22.78% | +1.09 pp |
| Q1 2024 | 2024-04-28 | 19.59% | −0.48 pp |
| Q4 2023 | 2024-01-28 | 28.51% | +17.17 pp |
| Q3 2023 | 2023-10-29 | 15.34% | −3.64 pp |
| Q2 2023 | 2023-07-30 | 21.69% | +0.22 pp |
| Q1 2023 | 2023-04-30 | 20.06% | +3.93 pp |
| Q4 2022 | 2023-01-29 | 11.34% | −16.39 pp |
| Q3 2022 | 2022-10-30 | 18.98% | +1.20 pp |
| Q2 2022 | 2022-07-31 | 21.47% | +1.41 pp |
| Q1 2022 | 2022-05-01 | 16.14% | +0.33 pp |
| Q4 2021 | 2022-01-30 | 27.74% | +1.26 pp |
| Q3 2021 | 2021-10-31 | 17.78% | −0.55 pp |
| Q2 2021 | 2021-08-01 | 20.06% | +6.28 pp |
| Q1 2021 | 2021-05-02 | 15.80% | +10.78 pp |
| Q4 2020 | 2021-01-31 | 26.48% | −3.33 pp |
| Q3 2020 | 2020-11-01 | 18.34% | −0.85 pp |
| Q2 2020 | 2020-08-02 | 13.78% | −5.24 pp |
| Q1 2020 | 2020-05-03 | 5.02% | −11.44 pp |
| Q4 2019 | 2020-02-02 | 29.80% | +1.41 pp |
| Q3 2019 | 2019-11-03 | 19.19% | +1.02 pp |
| Q2 2019 | 2019-08-04 | 19.02% | +0.47 pp |
| Q1 2019 | 2019-05-05 | 16.47% | +0.41 pp |
| Q4 2018 | 2019-02-03 | 28.39% | +0.80 pp |
| Q3 2018 | 2018-10-28 | 18.18% | +4.35 pp |
| Q2 2018 | 2018-07-29 | 18.55% | +6.72 pp |
| Q1 2018 | 2018-04-29 | 16.05% | +7.32 pp |
| Q4 2017 | 2018-01-28 | 27.59% | +2.70 pp |
| Q3 2017 | 2017-10-29 | 13.83% | −3.25 pp |
| Q2 2017 | 2017-07-30 | 11.83% | −2.55 pp |
| Q1 2017 | 2017-04-30 | 8.73% | −2.89 pp |
| Q4 2016 | 2017-01-29 | 24.89% | +1.28 pp |
| Q3 2016 | 2016-10-30 | 17.08% | +2.87 pp |
| Q2 2016 | 2016-07-31 | 14.37% | −0.32 pp |
| Q1 2016 | 2016-05-01 | 11.62% | −4.44 pp |
| Q4 2015 | 2016-01-31 | 23.61% | −2.48 pp |
| Q3 2015 | 2015-11-01 | 14.21% | −5.14 pp |
| Q2 2015 | 2015-08-02 | 14.70% | −2.68 pp |
| Q1 2015 | 2015-05-03 | 16.06% | −2.08 pp |
| Q4 2014 | 2015-02-01 | 26.09% | −3.50 pp |
| Q3 2014 | 2014-11-02 | 19.35% | −4.95 pp |
| Q2 2014 | 2014-08-03 | 17.38% | −5.55 pp |
| Q1 2014 | 2014-05-04 | 18.15% | −0.91 pp |
| Q4 2013 | 2014-02-02 | 29.59% | −1.84 pp |
| Q3 2013 | 2013-11-03 | 24.31% | −1.16 pp |
| Q2 2013 | 2013-08-04 | 22.93% | −1.91 pp |
| Q1 2013 | 2013-05-05 | 19.06% | −6.52 pp |
| Q4 2012 | 2013-02-03 | 31.43% | +1.91 pp |
| Q3 2012 | 2012-10-28 | 25.47% | −0.47 pp |
| Q2 2012 | 2012-07-29 | 24.83% | −2.84 pp |
| Q1 2012 | 2012-04-29 | 25.57% | −3.48 pp |
| Q4 2011 | 2012-01-29 | 29.52% | +5.42 pp |
| Q3 2011 | 2011-10-30 | 25.94% | +3.44 pp |
| Q1 2011 | 2011-05-01 | 27.67% | +4.19 pp |
| Q4 2010 | 2011-01-30 | 29.05% | +10.52 pp |
| Q3 2010 | 2010-10-31 | 24.10% | +9.44 pp |
| Q2 2010 | 2010-08-01 | 22.50% | — |
| Q1 2010 | 2010-05-02 | 23.48% | — |
| Q3 2009 | 2009-11-01 | 18.54% | — |
| Q2 2009 | 2009-08-02 | 14.67% | — |
lululemon athletica operating margin trends
Over the last five reported fiscal years, lululemon athletica's operating margin increased from 18.63% to 19.91%, a change of +1.28 percentage points. The latest reported quarter, Q1 2026, shows 11.21%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review lululemon athletica filings at SEC.gov ↗