Ulta Beauty, Inc. financials

Key figures from Ulta Beauty, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricAug 2026Aug 2025Change
Revenue$3.0B$2.8B+8.9%
Net income$282M$261M+8.1%
Free cash flow$38M$20M+96.5%
Gross margin39.1%39.2%-0.1 pts
Operating margin12.5%12.4%+0.1 pts
Net margin9.3%9.4%-0.1 pts

Quarterly trend

Revenue by quarter
$2.5BOct 2023$3.6BFeb 2024*$2.7BMay 2024$2.6BAug 2024$2.5BNov 2024$3.5BFeb 2025*$2.8BMay 2025$2.8BAug 2025$2.9BNov 2025$3.9BJan 2026*$3.2BMay 2026$3.0BAug 2026
Net income by quarter
$249MOct 2023$394MFeb 2024*$313MMay 2024$253MAug 2024$242MNov 2024$393MFeb 2025*$305MMay 2025$261MAug 2025$231MNov 2025$356MJan 2026*$340MMay 2026$282MAug 2026
Free cash flow by quarter
-$177MOct 2023$994MFeb 2024*$68MMay 2024$104MAug 2024-$171MNov 2024$963MFeb 2025*$141MMay 2025$20MAug 2025-$82MNov 2025$989MJan 2026*$204MMay 2026$38MAug 2026
Margins by quarter
3%24%45%Oct 2023Feb 2024*May 2024Aug 2024Nov 2024Feb 2025*May 2025Aug 2025Nov 2025Jan 2026*May 2026Aug 202639.9%37.7%39.2%38.3%39.7%38.2%39.1%39.2%40.4%38.1%40.1%39.1%13.1%14.5%14.7%12.9%12.6%14.8%14.1%12.4%10.8%12.2%14.2%12.5%10.0%11.1%11.5%9.9%9.6%11.3%10.7%9.4%8.1%9.1%10.8%9.3%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Jan 2026$12.4B$1.2B9.3%$1.1B$25.64
FY Feb 2025$11.3B$1.2B10.6%$964M$25.34
FY Feb 2024$11.2B$1.3B11.5%$1.0B$26.03
FY Jan 2023$10.2B$1.2B12.2%$1.2B$24.01
FY Jan 2022$8.6B$986M11.4%$887M$17.98

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.