Ulta BeautyULTAEarnings & Financial Report
Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc. and before 2000 as Ulta3, is an American chain of cosmetic stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries both high- and low-end cosmetics, fragrances, nail products, bath and body products, beauty tools and haircare products. Each location has a beauty salon available to the public.
Revenue
$2.8B
Gross Profit
$1.1B
Operating Profit
$344.9M
Net Profit
$260.9M
Gross Margin
39.2%
Operating Margin
12.4%
Net Margin
9.4%
YoY Growth
9.3%
EPS
$5.78
Ulta Beauty Q2 FY2026 Financial Summary
Ulta Beauty reported revenue of $2.8B (up 9.3% YoY) for Q2 FY2026, with a net profit of $260.9M (up 3.3% YoY) (9.4% margin). Cost of goods sold was $1.7B, operating expenses totaled $746.8M.
Key Financial Metrics
| Total Revenue | $2.8B |
|---|---|
| Net Profit | $260.9M |
| Gross Margin | 39.2% |
| Operating Margin | 12.4% |
| Report Period | Q2 FY2026 |
Ulta Beauty Annual Revenue by Year
Ulta Beauty annual revenue history includes year-by-year totals (for example, 2024 revenue was $11.2B).
| Year | Annual Revenue |
|---|---|
| 2024 | $11.2B |
| 2023 | $10.2B |
Ulta Beauty Quarterly Revenue & Net Profit History
Ulta Beauty results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2027 | $3.9B | +100.0% | $356.7M | 9.1% |
| Q3 FY2026 | $2.9B | +12.9% | $230.9M | 8.1% |
| Q2 FY2026 | $2.8B | +9.3% | $260.9M | 9.4% |
| Q1 FY2026 | $2.8B | +4.5% | $305.1M | 10.7% |
| Q3 FY2025 | $2.5B | +0.0% | $242.2M | 9.6% |
| Q2 FY2025 | $2.6B | +2.5% | $252.6M | 9.9% |
| Q1 FY2025 | $2.7B | +7.7% | $313.1M | 11.5% |
| Q4 FY2024 | $3.6B | +34.9% | $394.4M | 11.1% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.55B | $2.73B | $2.55B | $2.53B | $2.85B | $2.79B | $2.86B | $3.90B |
| YoY Growth | 34.9% | 7.7% | 2.5% | 0.0% | 4.5% | 9.3% | 12.9% | 100.0% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.71B | $5.63B | $5.74B | $5.96B | $5.99B | $6.63B | $7.01B | $7.00B |
| Liabilities | $3.43B | $3.33B | $3.39B | $3.63B | $3.56B | $4.03B | $4.38B | $4.20B |
| Equity | $2.28B | $2.30B | $2.35B | $2.33B | $2.43B | $2.60B | $2.63B | $2.80B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.12B | $159.3M | $199.5M | $-56.8M | $220.0M | $96.5M | $5.6M | $1.50B |