Ulta Beauty, Inc. (ULTA) stock
ULTANasdaqRetail-Retail Stores, NECFiscal year ends January 30
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Aug 27, 2026Score 11/3039% above fair value
$660.66+9.69 (+1.49%)
Close on Nov 13, 2026Market cap $28.25BP/E 24.1Yield –
Ulta Beauty gross margin
Gross margin is gross profit as a percentage of revenue.
Ulta Beauty's gross margin for the twelve months ending Aug 1, 2026 was 39.3%. For fiscal 2025 it was 39.1%, against 38.8% the year before. The highest annual figure on record is 39.6% in fiscal 2022.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Jan 31, 2026 | 39.1% | +0.3 |
| FY2024 | Feb 1, 2025 | 38.8% | −0.3 |
| FY2023 | Feb 3, 2024 | 39.1% | −0.5 |
| FY2022 | Jan 28, 2023 | 39.6% | +0.6 |
| FY2021 | Jan 29, 2022 | 39.0% | +7.3 |
| FY2020 | Jan 30, 2021 | 31.7% | −4.6 |
| FY2019 | Feb 1, 2020 | 36.2% | +0.4 |
| FY2018 | Feb 2, 2019 | 35.9% | +0.2 |
| FY2017 | Feb 3, 2018 | 35.6% | −0.4 |
| FY2016 | Jan 28, 2017 | 36.0% | +0.7 |
| FY2015 | Jan 30, 2016 | 35.3% | +0.2 |
| FY2014 | Jan 31, 2015 | 35.1% | −0.2 |
| FY2013 | Feb 1, 2014 | 35.2% | −0.1 |
| FY2012 | Feb 2, 2013 | 35.3% | +0.6 |
| FY2011 | Jan 28, 2012 | 34.7% | +1.5 |
| FY2010 | Jan 29, 2011 | 33.3% | +2.5 |
| FY2009 | Jan 30, 2010 | 30.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026CQ2 2026 | Aug 1, 2026 | 39.1% | −0.1 |
| Q1 FY2026CQ1 2026 | May 2, 2026 | 40.1% | +0.9 |
| Q4 FY2025CQ4 2025 | Jan 31, 2026 | 38.1% | −0.2 |
| Q3 FY2025CQ3 2025 | Nov 1, 2025 | 40.4% | +0.7 |
| Q2 FY2025CQ2 2025 | Aug 2, 2025 | 39.2% | +0.8 |
| Q1 FY2025CQ1 2025 | May 3, 2025 | 39.1% | −0.1 |
| Q4 FY2024CQ4 2024 | Feb 1, 2025 | 38.2% | +0.5 |
| Q3 FY2024CQ3 2024 | Nov 2, 2024 | 39.7% | −0.1 |
| Q2 FY2024CQ2 2024 | Aug 3, 2024 | 38.3% | −0.9 |
| Q1 FY2024CQ1 2024 | May 4, 2024 | 39.2% | −0.8 |
| Q4 FY2023CQ4 2023 | Feb 3, 2024 | 37.7% | +0.1 |
| Q3 FY2023CQ3 2023 | Oct 28, 2023 | 39.9% | −1.3 |
| Q2 FY2023CQ2 2023 | Jul 29, 2023 | 39.3% | −1.1 |
| Q1 FY2023CQ1 2023 | Apr 29, 2023 | 40.0% | −0.1 |
| Q4 FY2022CQ4 2022 | Jan 28, 2023 | 37.6% | −0.1 |
| Q3 FY2022CQ3 2022 | Oct 29, 2022 | 41.2% | +1.6 |
| Q2 FY2022CQ2 2022 | Jul 30, 2022 | 40.4% | −0.2 |
| Q1 FY2022CQ1 2022 | Apr 30, 2022 | 40.1% | +1.2 |
| Q4 FY2021CQ4 2021 | Jan 29, 2022 | 37.6% | +2.6 |
| Q3 FY2021CQ3 2021 | Oct 30, 2021 | 39.6% | +4.4 |
| Q2 FY2021CQ2 2021 | Jul 31, 2021 | 40.6% | +13.8 |
| Q1 FY2021CQ1 2021 | May 1, 2021 | 38.9% | +13.0 |
| Q4 FY2020CQ4 2020 | Jan 30, 2021 | 35.1% | +0.1 |
| Q3 FY2020CQ3 2020 | Oct 31, 2020 | 35.1% | −1.9 |
| Q2 FY2020CQ2 2020 | Aug 1, 2020 | 26.8% | −9.6 |
| Q1 FY2020CQ1 2020 | May 2, 2020 | 25.9% | −11.1 |
| Q4 FY2019CQ4 2019 | Feb 1, 2020 | 35.0% | +0.1 |
| Q3 FY2019CQ3 2019 | Nov 2, 2019 | 37.1% | +0.4 |
| Q2 FY2019CQ2 2019 | Aug 3, 2019 | 36.4% | +0.4 |
| Q1 FY2019CQ1 2019 | May 4, 2019 | 37.0% | +0.7 |
| Q4 FY2018CQ4 2018 | Feb 2, 2019 | 34.9% | +0.9 |
| Q3 FY2018CQ3 2018 | Nov 3, 2018 | 36.7% | −0.1 |
| Q2 FY2018CQ2 2018 | Aug 4, 2018 | 36.0% | −0.4 |
| Q1 FY2018CQ1 2018 | May 5, 2018 | 36.3% | +0.1 |
| Q4 FY2017CQ4 2017 | Feb 3, 2018 | 34.0% | −0.5 |
| Q3 FY2017CQ3 2017 | Oct 28, 2017 | 36.7% | −1.0 |
| Q2 FY2017CQ2 2017 | Jul 29, 2017 | 36.4% | – |
| Q1 FY2017CQ1 2017 | Apr 29, 2017 | 36.2% | – |
| Q4 FY2016CQ4 2016 | Jan 28, 2017 | 34.5% | – |
| Q3 FY2016CQ3 2016 | Oct 29, 2016 | 37.8% | – |
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