Ulta Beauty

ULTA Consumer Discretionary Market cap $23.6B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 May 3 – Aug 1, 2026 reported Aug 27, 2026

Revenue$3.04B +9% year over year

Gross profit$1.19B 39% margin

Operating profit$0.38B 13% margin

Net profit$0.28B 9% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Aug 1, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.04	100%	+9%
Cost of revenue	−1.85	61%
Gross profit	1.19	39% margin	+0pp
SG&A	−0.81	27%	+0pp
Operating profit	0.38	13% margin
Tax	−0.10
Net profit	0.28	9% margin	+0pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends May 2, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.16	100%	+11%
Cost of revenue	−1.90	60%
Gross profit	1.27	40% margin	+1pp
SG&A	−0.82	26%	+1pp
Operating profit	0.45	14% margin	+0pp
Tax	−0.11
Net profit	0.34	11% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Jan 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.90	100%	+12%
Cost of revenue	−2.42	62%
Gross profit	1.48	38% margin	+0pp
SG&A	−1.01	26%	+2pp
Operating profit	0.48	12% margin	−3pp
Tax	−0.12
Net profit	0.36	9% margin	−2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Nov 1, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.86	100%	+13%
Cost of revenue	−1.70	60%
Gross profit	1.16	40% margin	+1pp
SG&A	−0.84	30%	+2pp
Other	−0.01	0%	+0pp
Operating profit	0.31	11% margin	−2pp
Tax	−0.08
Net profit	0.23	8% margin	−1pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Aug 2, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.79	100%	+9%
Cost of revenue	−1.70	61%
Gross profit	1.09	39% margin	+1pp
SG&A	−0.74	27%	+1pp
Other	−0.01	0%	+0pp
Operating profit	0.35	12% margin	−1pp
Tax	−0.08
Net profit	0.26	9% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 May 3 – Aug 1, 2026 reported Aug 27, 2026 Operating margin 13% Net profit $0.28B	May 3 – Aug 1, 2026	Aug 27, 2026	$3.0B	+9%	13%	$0.28B	9%
Q1 FY26 Feb 1 – May 2, 2026 reported Jun 2, 2026 Operating margin 14% Net profit $0.34B	Feb 1 – May 2, 2026	Jun 2, 2026	$3.2B	+11%	14%	$0.34B	11%
Q4 FY25 Nov 2, 2025 – Jan 31, 2026 reported Mar 26, 2026 Operating margin 12% Net profit $0.36B	Nov 2, 2025 – Jan 31, 2026	Mar 26, 2026	$3.9B	+12%	12%	$0.36B	9%
Q3 FY25 Aug 3 – Nov 1, 2025 reported Dec 4, 2025 Operating margin 11% Net profit $0.23B	Aug 3 – Nov 1, 2025	Dec 4, 2025	$2.9B	+13%	11%	$0.23B	8%
Q2 FY25 May 4 – Aug 2, 2025 reported Aug 28, 2025 Operating margin 12% Net profit $0.26B	May 4 – Aug 2, 2025	Aug 28, 2025	$2.8B	+9%	12%	$0.26B	9%