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 |
|---|---|---|---|---|---|
| Q2 2026 | 2026-08-01 | $38.4M | $18.9M | +96.46% | +1.27% |
| 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, Q2 2026, generated $38.4M in free cash flow, an increase of 96.46% 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 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.
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