Ulta Beauty (ULTA) financials
Ulta Beauty revenue and earnings by year
Ulta Beauty's revenue was $12.4 billion in the fiscal year to January 31, 2026, up 9.7% from the year before. Net income was $1.15 billion, 9.3% of revenue. Since the fiscal year to January 28, 2017, revenue has grown 11.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Jan 2026 | Feb 2025 | Feb 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.4 | 11.3 | 11.2 | 10.2 | 8.6 | 6.2 | 7.4 | 6.7 | 5.9 | 4.9 |
| Revenue growth | 9.7% | 0.8% | 9.8% | 18.3% | 40.3% | -16.8% | 10.1% | 14.1% | 21.2% | — |
| Gross profit | 4.8 | 4.4 | 4.4 | 4.0 | 3.4 | 1.9 | 2.7 | 2.4 | 2.1 | 1.7 |
| Gross margin | 39.1% | 38.8% | 39.1% | 39.6% | 39.0% | 31.7% | 36.2% | 35.9% | 35.6% | 36.0% |
| Operating income | 1.5 | 1.6 | 1.7 | 1.6 | 1.3 | 0.2 | 0.9 | 0.9 | 0.8 | 0.7 |
| Operating margin | 12.4% | 13.9% | 15.0% | 16.1% | 15.0% | 3.8% | 12.2% | 12.7% | 13.3% | 13.5% |
| Net income | 1.2 | 1.2 | 1.3 | 1.2 | 1.0 | 0.2 | 0.7 | 0.7 | 0.6 | 0.4 |
| Net margin | 9.3% | 10.6% | 11.5% | 12.2% | 11.4% | 2.9% | 9.5% | 9.8% | 9.4% | 8.4% |
| Diluted EPS | $25.64 | $25.34 | $26.03 | $24.01 | $17.98 | $3.10 | $12.16 | $10.95 | $8.98 | $6.52 |
| Free cash flow | 1.1 | 1.0 | 1.0 | 1.2 | 0.9 | 0.7 | 0.8 | 0.6 | 0.3 | 0.3 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ULTA in Markets.
See also: ULTA valuation and P/E history · ULTA returns
No forecast, no recommendation. This page describes Ulta Beauty from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.