Ulta Beauty annual gross margin
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2025
Ulta Beauty Gross Margin Growth & History (ULTA)
Ulta Beauty's gross margin was 39.10% for fiscal 2025.
View full Ulta Beauty company overviewUlta Beauty annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-31 | 39.10% | +0.26 pp |
| 2024 | 2025-02-01 | 38.84% | −0.25 pp |
| 2023 | 2024-02-03 | 39.09% | −0.53 pp |
| 2022 | 2023-01-28 | 39.62% | +0.59 pp |
| 2021 | 2022-01-29 | 39.03% | +7.35 pp |
| 2020 | 2021-01-30 | 31.68% | −4.56 pp |
| 2019 | 2020-02-01 | 36.24% | +0.37 pp |
| 2018 | 2019-02-02 | 35.87% | +0.24 pp |
| 2017 | 2018-02-03 | 35.63% | −0.36 pp |
| 2016 | 2017-01-28 | 35.99% | +0.71 pp |
| 2015 | 2016-01-30 | 35.28% | +0.21 pp |
| 2014 | 2015-01-31 | 35.07% | −0.17 pp |
| 2013 | 2014-02-01 | 35.25% | −0.05 pp |
| 2012 | 2013-02-02 | 35.30% | +0.57 pp |
| 2011 | 2012-01-28 | 34.73% | +1.45 pp |
| 2010 | 2011-01-29 | 33.27% | +2.48 pp |
| 2009 | 2010-01-30 | 30.80% | — |
Ulta Beauty quarterly gross margin
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Q1.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-02 | 40.07% | +0.95 pp |
| Q4 2025 | 2026-01-31 | 38.06% | −0.18 pp |
| Q3 2025 | 2025-11-01 | 40.44% | +0.69 pp |
| Q2 2025 | 2025-08-02 | 39.15% | +0.82 pp |
| Q1 2025 | 2025-05-03 | 39.12% | −0.13 pp |
| Q4 2024 | 2025-02-01 | 38.24% | +0.52 pp |
| Q3 2024 | 2024-11-02 | 39.75% | −0.11 pp |
| Q2 2024 | 2024-08-03 | 38.33% | −0.95 pp |
| Q1 2024 | 2024-05-04 | 39.25% | −0.80 pp |
| Q4 2023 | 2024-02-03 | 37.72% | +0.14 pp |
| Q3 2023 | 2023-10-28 | 39.86% | −1.31 pp |
| Q2 2023 | 2023-07-29 | 39.28% | −1.13 pp |
| Q1 2023 | 2023-04-29 | 40.04% | −0.07 pp |
| Q4 2022 | 2023-01-28 | 37.58% | −0.06 pp |
| Q3 2022 | 2022-10-29 | 41.17% | +1.61 pp |
| Q2 2022 | 2022-07-30 | 40.41% | −0.16 pp |
| Q1 2022 | 2022-04-30 | 40.11% | +1.23 pp |
| Q4 2021 | 2022-01-29 | 37.64% | +2.57 pp |
| Q3 2021 | 2021-10-30 | 39.56% | +4.41 pp |
| Q2 2021 | 2021-07-31 | 40.56% | +13.77 pp |
| Q1 2021 | 2021-05-01 | 38.88% | +13.01 pp |
| Q4 2020 | 2021-01-30 | 35.07% | +0.08 pp |
| Q3 2020 | 2020-10-31 | 35.15% | −1.90 pp |
| Q2 2020 | 2020-08-01 | 26.79% | −9.56 pp |
| Q1 2020 | 2020-05-02 | 25.88% | −11.12 pp |
| Q4 2019 | 2020-02-01 | 34.99% | +0.12 pp |
| Q3 2019 | 2019-11-02 | 37.05% | +0.37 pp |
| Q2 2019 | 2019-08-03 | 36.36% | +0.38 pp |
| Q1 2019 | 2019-05-04 | 37.00% | +0.67 pp |
| Q4 2018 | 2019-02-02 | 34.87% | +0.89 pp |
| Q3 2018 | 2018-11-03 | 36.68% | −0.06 pp |
| Q2 2018 | 2018-08-04 | 35.98% | −0.41 pp |
| Q1 2018 | 2018-05-05 | 36.32% | +0.12 pp |
| Q4 2017 | 2018-02-03 | 33.98% | −0.50 pp |
| Q3 2017 | 2017-10-28 | 36.74% | −1.01 pp |
| Q2 2017 | 2017-07-29 | 36.39% | +0.39 pp |
| Q1 2017 | 2017-04-29 | 36.20% | −0.16 pp |
| Q4 2016 | 2017-01-28 | 34.48% | −0.14 pp |
| Q3 2016 | 2016-10-29 | 37.75% | +0.90 pp |
| Q2 2016 | 2016-07-30 | 35.99% | +1.05 pp |
| Q1 2016 | 2016-04-30 | 36.36% | +1.44 pp |
| Q4 2015 | 2016-01-30 | 34.62% | +1.23 pp |
| Q3 2015 | 2015-10-31 | 36.85% | −0.93 pp |
| Q2 2015 | 2015-08-01 | 34.95% | −0.38 pp |
| Q1 2015 | 2015-05-02 | 34.92% | +0.47 pp |
| Q4 2014 | 2015-01-31 | 33.38% | −0.43 pp |
| Q3 2014 | 2014-11-01 | 37.78% | +0.34 pp |
| Q2 2014 | 2014-08-02 | 35.32% | +0.03 pp |
| Q1 2014 | 2014-05-03 | 34.46% | −0.54 pp |
| Q4 2013 | 2014-02-01 | 33.82% | −0.40 pp |
| Q3 2013 | 2013-11-02 | 37.44% | +0.75 pp |
| Q2 2013 | 2013-08-03 | 35.29% | +0.49 pp |
| Q1 2013 | 2013-05-04 | 35.00% | −1.05 pp |
| Q4 2012 | 2013-02-02 | 34.22% | +0.15 pp |
| Q3 2012 | 2012-10-27 | 36.68% | +0.57 pp |
| Q2 2012 | 2012-07-28 | 34.80% | +0.77 pp |
| Q1 2012 | 2012-04-28 | 36.05% | +1.10 pp |
| Q4 2011 | 2012-01-28 | 34.07% | +0.99 pp |
| Q3 2011 | 2011-10-29 | 36.12% | +1.06 pp |
| Q2 2011 | 2011-07-30 | 34.03% | +1.73 pp |
| Q1 2011 | 2011-04-30 | 34.95% | +2.30 pp |
| Q4 2010 | 2011-01-29 | 33.08% | — |
| Q3 2010 | 2010-10-30 | 35.06% | — |
| Q2 2010 | 2010-07-31 | 32.30% | — |
| Q1 2010 | 2010-05-01 | 32.65% | — |
Ulta Beauty gross margin trends
Over the last five reported fiscal years, Ulta Beauty's gross margin increased from 31.68% to 39.10%, a change of +7.41 percentage points. The latest reported quarter, Q1 2026, shows 40.07%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit 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 Ulta Beauty filings at SEC.gov ↗