Ulta Beauty annual return on equity
2010
2011
2012
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2014
2015
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2019
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2022
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2025
Ulta Beauty Return on Equity (ROE) Growth & History (ULTA)
Ulta Beauty's return on equity was 43.59% for fiscal 2025.
View full Ulta Beauty company overviewUlta Beauty annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-31 | 43.59% | −6.79 pp |
| 2024 | 2025-02-01 | 50.39% | −10.52 pp |
| 2023 | 2024-02-03 | 60.91% | −10.18 pp |
| 2022 | 2023-01-28 | 71.09% | +15.32 pp |
| 2021 | 2022-01-29 | 55.78% | +46.76 pp |
| 2020 | 2021-01-30 | 9.01% | −28.92 pp |
| 2019 | 2020-02-01 | 37.93% | +1.29 pp |
| 2018 | 2019-02-02 | 36.64% | +3.24 pp |
| 2017 | 2018-02-03 | 33.40% | +6.02 pp |
| 2016 | 2017-01-28 | 27.38% | +3.59 pp |
| 2015 | 2016-01-30 | 23.79% | +0.94 pp |
| 2014 | 2015-01-31 | 22.85% | +0.19 pp |
| 2013 | 2014-02-01 | 22.66% | −2.50 pp |
| 2012 | 2013-02-02 | 25.16% | +0.80 pp |
| 2011 | 2012-01-28 | 24.36% | +3.93 pp |
| 2010 | 2011-01-29 | 20.44% | — |
Ulta Beauty quarterly return on equity
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Q1.23
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Q2.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-08-01 | 10.80% | +0.43 pp |
| Q1 2026 | 2026-05-02 | 12.65% | +0.24 pp |
| Q4 2025 | 2026-01-31 | 13.12% | −3.21 pp |
| Q3 2025 | 2025-11-01 | 8.82% | −1.54 pp |
| Q2 2025 | 2025-08-02 | 10.36% | −0.50 pp |
| Q1 2025 | 2025-05-03 | 12.40% | −1.27 pp |
| Q4 2024 | 2025-02-01 | 16.33% | −1.98 pp |
| Q3 2024 | 2024-11-02 | 10.36% | −1.87 pp |
| Q2 2024 | 2024-08-03 | 10.87% | −3.88 pp |
| Q1 2024 | 2024-05-04 | 13.67% | −3.78 pp |
| Q4 2023 | 2024-02-03 | 18.31% | +0.75 pp |
| Q3 2023 | 2023-10-28 | 12.23% | −2.65 pp |
| Q2 2023 | 2023-07-29 | 14.75% | −2.08 pp |
| Q1 2023 | 2023-04-29 | 17.45% | −2.75 pp |
| Q4 2022 | 2023-01-28 | 17.56% | +1.12 pp |
| Q3 2022 | 2022-10-29 | 14.88% | +3.74 pp |
| Q2 2022 | 2022-07-30 | 16.83% | +3.35 pp |
| Q1 2022 | 2022-04-30 | 20.20% | +8.22 pp |
| Q4 2021 | 2022-01-29 | 16.43% | +7.53 pp |
| Q3 2021 | 2021-10-30 | 11.14% | +7.01 pp |
| Q2 2021 | 2021-07-31 | 13.47% | +13.02 pp |
| Q1 2021 | 2021-05-01 | 11.98% | +16.28 pp |
| Q4 2020 | 2021-01-30 | 8.90% | −2.98 pp |
| Q3 2020 | 2020-10-31 | 4.13% | −2.91 pp |
| Q2 2020 | 2020-08-01 | 0.46% | −8.07 pp |
| Q1 2020 | 2020-05-02 | −4.29% | −14.51 pp |
| Q4 2019 | 2020-02-01 | 11.88% | +0.14 pp |
| Q3 2019 | 2019-11-02 | 7.04% | −0.15 pp |
| Q2 2019 | 2019-08-03 | 8.53% | +0.28 pp |
| Q1 2019 | 2019-05-04 | 10.22% | +0.98 pp |
| Q4 2018 | 2019-02-02 | 11.74% | −0.54 pp |
| Q3 2018 | 2018-11-03 | 7.19% | +0.75 pp |
| Q2 2018 | 2018-08-04 | 8.25% | +1.28 pp |
| Q1 2018 | 2018-05-05 | 9.24% | +1.21 pp |
| Q4 2017 | 2018-02-03 | 12.28% | +2.94 pp |
| Q3 2017 | 2017-10-28 | 6.44% | +0.28 pp |
| Q2 2017 | 2017-07-29 | 6.97% | +0.33 pp |
| Q1 2017 | 2017-04-29 | 8.03% | +1.38 pp |
| Q4 2016 | 2017-01-28 | 9.34% | +1.69 pp |
| Q3 2016 | 2016-10-29 | 6.16% | +0.93 pp |
| Q2 2016 | 2016-07-30 | 6.64% | +1.03 pp |
| Q1 2016 | 2016-04-30 | 6.66% | +1.41 pp |
| Q4 2015 | 2016-01-30 | 7.66% | +0.48 pp |
| Q3 2015 | 2015-10-31 | 5.23% | +0.12 pp |
| Q2 2015 | 2015-08-01 | 5.60% | +0.04 pp |
| Q1 2015 | 2015-05-02 | 5.25% | +0.41 pp |
| Q4 2014 | 2015-01-31 | 7.17% | −0.15 pp |
| Q3 2014 | 2014-11-01 | 5.11% | +0.03 pp |
| Q2 2014 | 2014-08-02 | 5.56% | +0.17 pp |
| Q1 2014 | 2014-05-03 | 4.84% | −0.42 pp |
| Q4 2013 | 2014-02-01 | 7.32% | −1.32 pp |
| Q3 2013 | 2013-11-02 | 5.08% | −0.59 pp |
| Q2 2013 | 2013-08-03 | 5.40% | −0.32 pp |
| Q1 2013 | 2013-05-04 | 5.26% | −0.70 pp |
| Q4 2012 | 2013-02-02 | 8.64% | +0.29 pp |
| Q3 2012 | 2012-10-27 | 5.67% | +0.33 pp |
| Q2 2012 | 2012-07-28 | 5.72% | +0.56 pp |
| Q1 2012 | 2012-04-28 | 5.96% | +0.49 pp |
| Q4 2011 | 2012-01-28 | 8.35% | — |
| Q3 2011 | 2011-10-29 | 5.34% | — |
| Q2 2011 | 2011-07-30 | 5.16% | — |
| Q1 2011 | 2011-04-30 | 5.47% | — |
Ulta Beauty return on equity trends
Over the last five fiscal years, Ulta Beauty's return on equity increased from 9.01% to 43.59%, a change of +34.58 percentage points. The latest reported quarter, Q2 2026, shows 10.80%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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