Ulta Beauty annual free cash flow
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Ulta Beauty Free Cash Flow (FCF) History (ULTA)
Ulta Beauty reported $1.07B in free cash flow for fiscal 2025, an increase of 10.77% from the previous fiscal year, with a free cash flow margin of 8.62%.
View full Ulta Beauty company overviewUlta Beauty free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2026-01-31 | $1.07B | $103.8M | +10.77% | +8.62% |
| 2024 | 2025-02-01 | $964.1M | −$76.9M | −7.38% | +8.54% |
| 2023 | 2024-02-03 | $1.04B | −$128.8M | −11.01% | +9.29% |
| 2022 | 2023-01-28 | $1.17B | $282.7M | +31.87% | +11.46% |
| 2021 | 2022-01-29 | $887.1M | $228.6M | +34.71% | +10.28% |
| 2020 | 2021-01-30 | $658.5M | −$144.3M | −17.97% | +10.70% |
| 2019 | 2020-02-01 | $802.8M | $166.0M | +26.08% | +10.85% |
| 2018 | 2019-02-02 | $636.7M | $298.1M | +88.02% | +9.48% |
| 2017 | 2018-02-03 | $338.7M | $77.7M | +29.78% | +5.75% |
| 2016 | 2017-01-28 | $260.9M | $184.2M | +240.17% | +5.37% |
| 2015 | 2016-01-30 | $76.7M | −$70.8M | −48.00% | +1.95% |
| 2014 | 2015-01-31 | $147.5M | $45.8M | +45.06% | +4.55% |
| 2013 | 2014-02-01 | $101.7M | $51.3M | +101.70% | +3.81% |
| 2012 | 2013-02-02 | $50.4M | −$41.8M | −45.34% | +2.27% |
| 2011 | 2012-01-28 | $92.3M | $12.8M | +16.14% | +5.19% |
| 2010 | 2011-01-29 | $79.4M | −$25.3M | −24.15% | +5.46% |
| 2009 | 2010-01-30 | $104.7M | — | — | +8.56% |
Ulta Beauty quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2026 | 2026-05-02 | $203.6M | $62.6M | +44.42% | +6.44% |
| Q4 2025 | 2026-01-31 | $989.0M | $26.4M | +2.74% | +25.37% |
| Q3 2025 | 2025-11-01 | −$81.6M | $89.4M | — | −2.86% |
| Q2 2025 | 2025-08-02 | $19.6M | −$84.7M | −81.23% | +0.70% |
| Q1 2025 | 2025-05-03 | $141.0M | $72.7M | +106.38% | +4.95% |
| Q4 2024 | 2025-02-01 | $962.6M | −$31.4M | −3.16% | +27.60% |
| Q3 2024 | 2024-11-02 | −$171.1M | $6.0M | — | −6.76% |
| Q2 2024 | 2024-08-03 | $104.3M | $75.3M | +260.46% | +4.09% |
| Q1 2024 | 2024-05-04 | $68.3M | −$126.8M | −64.99% | +2.51% |
| Q4 2023 | 2024-02-03 | $994.0M | $193.7M | +24.20% | +27.97% |
| Q3 2023 | 2023-10-28 | −$177.1M | −$126.4M | — | −7.11% |
| Q2 2023 | 2023-07-29 | $28.9M | −$36.0M | −55.46% | +1.14% |
| Q1 2023 | 2023-04-29 | $195.1M | −$160.1M | −45.07% | +7.41% |
| Q4 2022 | 2023-01-28 | $800.3M | $219.7M | +37.84% | +24.80% |
| Q3 2022 | 2022-10-29 | −$50.7M | −$13.0M | — | −2.17% |
| Q2 2022 | 2022-07-30 | $64.9M | $16.3M | +33.61% | +2.83% |
| Q1 2022 | 2022-04-30 | $355.2M | $59.7M | +20.21% | +15.14% |
| Q4 2021 | 2022-01-29 | $580.6M | $64.5M | +12.49% | +21.27% |
| Q3 2021 | 2021-10-30 | −$37.7M | −$241.1M | — | −1.89% |
| Q2 2021 | 2021-07-31 | $48.6M | $43.9M | +936.11% | +2.47% |
| Q1 2021 | 2021-05-01 | $295.5M | $361.3M | — | +15.24% |
| Q4 2020 | 2021-01-30 | $516.2M | $29.8M | +6.13% | +23.48% |
| Q3 2020 | 2020-10-31 | $203.4M | $183.2M | +904.60% | +13.11% |
| Q2 2020 | 2020-08-01 | $4.7M | −$91.6M | −95.13% | +0.38% |
| Q1 2020 | 2020-05-02 | −$65.8M | −$265.6M | — | −5.61% |
| Q4 2019 | 2020-02-01 | $486.4M | $135.5M | +38.60% | +21.09% |
| Q3 2019 | 2019-11-02 | $20.2M | −$19.2M | −48.72% | +1.20% |
| Q2 2019 | 2019-08-03 | $96.3M | $53.0M | +122.32% | +5.78% |
| Q1 2019 | 2019-05-04 | $199.8M | −$3.2M | −1.56% | +11.47% |
| Q4 2018 | 2019-02-02 | $350.9M | $3.7M | +1.07% | +16.52% |
| Q3 2018 | 2018-11-03 | $39.5M | $74.8M | — | +2.53% |
| Q2 2018 | 2018-08-04 | $43.3M | $115.5M | — | +2.91% |
| Q1 2018 | 2018-05-05 | $203.0M | $104.0M | +105.08% | +13.15% |
| Q4 2017 | 2018-02-03 | $347.2M | $128.1M | +58.45% | +17.92% |
| Q3 2017 | 2017-10-28 | −$35.3M | −$7.1M | — | −2.63% |
| Q2 2017 | 2017-07-29 | −$72.2M | −$29.6M | — | −5.60% |
| Q1 2017 | 2017-04-29 | $99.0M | −$13.6M | −12.09% | +7.53% |
| Q4 2016 | 2017-01-28 | $219.1M | $59.5M | +37.26% | +13.86% |
| Q3 2016 | 2016-10-29 | −$28.2M | $43.2M | — | −2.49% |
| Q2 2016 | 2016-07-30 | −$42.6M | −$19.4M | — | −3.98% |
| Q1 2016 | 2016-04-30 | $112.6M | $100.9M | +864.95% | +10.49% |
| Q4 2015 | 2016-01-30 | $159.6M | −$14.2M | −8.18% | +12.59% |
| Q3 2015 | 2015-10-31 | −$71.4M | −$5.9M | — | −7.84% |
| Q2 2015 | 2015-08-01 | −$23.2M | −$27.7M | — | −2.64% |
| Q1 2015 | 2015-05-02 | $11.7M | −$22.9M | −66.26% | +1.34% |
| Q4 2014 | 2015-01-31 | $173.9M | −$4.7M | −2.61% | +16.60% |
| Q3 2014 | 2014-11-01 | −$65.5M | −$2.2M | — | −8.78% |
| Q2 2014 | 2014-08-02 | $4.5M | $18.9M | — | +0.62% |
| Q1 2014 | 2014-05-03 | $34.6M | $33.8M | +4062.09% | +4.85% |
| Q4 2013 | 2014-02-01 | $178.5M | $61.5M | +52.60% | +20.57% |
| Q3 2013 | 2013-11-02 | −$63.3M | −$31.9M | — | −10.23% |
| Q2 2013 | 2013-08-03 | −$14.3M | $8.5M | — | −2.39% |
| Q1 2013 | 2013-05-04 | $831,000 | $13.1M | — | +0.14% |
| Q4 2012 | 2013-02-02 | $117.0M | $4.5M | +4.01% | +15.42% |
| Q3 2012 | 2012-10-27 | −$31.5M | −$3.0M | — | −6.22% |
| Q2 2012 | 2012-07-28 | −$22.9M | −$46.2M | — | −4.74% |
| Q1 2012 | 2012-04-28 | −$12.3M | $2.9M | — | −2.58% |
| Q4 2011 | 2012-01-28 | $112.5M | $28.8M | +34.39% | +19.31% |
| Q3 2011 | 2011-10-29 | −$28.5M | −$16.7M | — | −6.90% |
| Q2 2011 | 2011-07-30 | $23.4M | $17.9M | +330.86% | +5.92% |
| Q1 2011 | 2011-04-30 | −$15.1M | −$17.2M | — | −3.91% |
| Q4 2010 | 2011-01-29 | $83.7M | — | — | +17.67% |
| Q3 2010 | 2010-10-30 | −$11.8M | — | — | −3.48% |
| Q2 2010 | 2010-07-31 | $5.4M | — | — | +1.68% |
| Q1 2010 | 2010-05-01 | $2.1M | — | — | +0.66% |
Ulta Beauty free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $658.5M to $1.07B, a compound annual growth rate of 10.15%. Ulta Beauty's latest reported quarter, Q1 2026, generated $203.6M in free cash flow, an increase of 44.42% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Ulta Beauty filings at SEC.gov ↗