What is the current annual gross margin of ULTA?

As of today, ULTA annual gross margin is 39.10%

What is 1-year change in ULTA annual gross margin?

ULTA annual gross margin is up +0.67% year-over-year

What is 3-year change in ULTA annual gross margin?

ULTA annual gross margin is down -1.31% over the past 3 years

How far is ULTA annual gross margin from its all-time high?

ULTA annual gross margin is currently -1.31% below its historical high of 39.62% set on January 28, 2023

How does ULTA annual gross margin rank versus sector peers?

ULTA annual gross margin is higher than 67.15% of companies in Consumer Cyclical sector

When is ULTA next annual earnings release?

As of today, the next annual earnings release for ULTA has not been scheduled

What is the current quarterly gross margin of ULTA?

As of today, ULTA quarterly gross margin is 40.07%

What is ULTA quarterly gross margin most recent change?

ULTA quarterly gross margin was up +5.28% on April 1, 2026

What is 1-year change in ULTA quarterly gross margin?

ULTA quarterly gross margin is up +2.43% year-over-year

How far is ULTA quarterly gross margin from its all-time high?

ULTA quarterly gross margin is currently -2.67% below its historical high of 41.17% set on October 29, 2022

How does ULTA quarterly gross margin rank versus sector peers?

ULTA quarterly gross margin is higher than 66.20% of companies in Consumer Cyclical sector

When is ULTA next earnings release?

The next earnings release for ULTA is on August 27, 2026

ULTA Gross Margin History & Chart Since 2003

Annual Gross Margin

39.10%0.26%+0.67%

January 31, 2026

Summary

Current Value: As of today, ULTA annual gross margin is 39.10%, up +0.67% on January 31, 2026
Historical Performance: ULTA annual gross margin is down -1.31% over the past 3 years, up +23.42% over the past 5 years
All-Time High Comparison: ULTA annual gross margin is currently -1.31% below its historical high of 39.62% set on January 28, 2023
3-Year Low Comparison: ULTA annual gross margin is +0.67% above its 3-year low of 38.84% reached on January 1, 2025
Sector Comparison: ULTA annual gross margin is higher than 67.15% of companies in Consumer Cyclical sector

Gross Margin Chart

beforeafter

Performance

ULTA Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Jan 31, 26	39.10%	+0.7%	-1.3%	+23.4%	+17.5%
Quarterly Gross Margin	Apr 1, 26	40.07%	+2.4%	+0.1%	+3.1%	+14.7%
Price	Aug 18, 26	$516.74	-0.0%	+14.1%	+42.9%	+931.8%
PE Ratio	Aug 18, 26	19.37	-2.2%	+6.6%	-30.4%	-43.1%
Annual Revenue	Jan 31, 26	$12.39B	+9.7%	+21.4%	+101.5%	+751.8%
Annual Gross Profit	Jan 31, 26	$4.85B	+10.4%	+19.8%	+148.6%	+900.9%
Annual Operating Margin	Jan 31, 26	12.50%	-10.6%	-22.6%	+145.1%	+53.0%
Annual Net Margin	Jan 31, 26	9.31%	-12.4%	-23.5%	+225.5%	+90.8%

Gross Margin Highs

ULTA Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	39.62%	N/A	-1.3%
5Y	39.62%	Jan 28, 23	-1.3%
All	39.62%	Jan 28, 23	-1.3%

Gross Margin Lows

ULTA Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	38.84%	Jan 1, 25	+0.7%
5Y	31.68%	N/A	+23.4%
All	26.34%	Jan 31, 04	+48.4%

Gross Margin History

Year	Value	Change
2026	39.10%	+0.7%
2025	38.84%	-0.6%
2024	39.09%	-1.3%
2023	39.62%	+1.5%
2022	39.03%	+23.2%
2021	31.68%	-12.6%
2020	36.24%	+1.0%
2019	35.87%	+0.7%
2018	35.63%	-1.0%
2017	35.99%	+2.0%
2016	35.28%	+0.6%
2015	35.07%	-0.5%

Year	Value	Change
2014	35.25%	-0.1%
2013	35.30%	+1.6%
2012	34.73%	+4.4%
2011	33.27%	+9.0%
2010	30.51%	+0.9%
2009	30.23%	-2.8%
2008	31.10%	-0.2%
2007	31.15%	+3.5%
2006	30.10%	+2.3%
2005	29.43%	+11.7%
2004	26.34%	-6.8%
2003	28.27%	-

FAQ

What is the current annual gross margin of ULTA?: As of today, ULTA annual gross margin is 39.10%
What is 1-year change in ULTA annual gross margin?: ULTA annual gross margin is up +0.67% year-over-year
What is 3-year change in ULTA annual gross margin?: ULTA annual gross margin is down -1.31% over the past 3 years
How far is ULTA annual gross margin from its all-time high?: ULTA annual gross margin is currently -1.31% below its historical high of 39.62% set on January 28, 2023
How does ULTA annual gross margin rank versus sector peers?: ULTA annual gross margin is higher than 67.15% of companies in Consumer Cyclical sector
When is ULTA next annual earnings release?: As of today, the next annual earnings release for ULTA has not been scheduled

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

40.07%2.01%+5.28%

April 1, 2026

Summary

Current Value: As of today, ULTA quarterly gross margin is 40.07%, up +5.28% on April 1, 2026
Historical Performance: ULTA quarterly gross margin is up +2.43% year-over-year, up +0.07% over the past 3 years
All-Time High Comparison: ULTA quarterly gross margin is currently -2.67% below its historical high of 41.17% set on October 29, 2022
3-Year Low Comparison: ULTA quarterly gross margin is +6.23% above its 3-year low of 37.72% reached on January 31, 2024
Sector Comparison: ULTA quarterly gross margin is higher than 66.20% of companies in Consumer Cyclical sector

Performance

ULTA Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Apr 1, 26	40.07%	+5.3%	+2.4%	+0.1%	+3.1%
Annual Gross Margin	Jan 31, 26	39.10%	–	+0.7%	-1.3%	+23.4%
Price	Aug 18, 26	$516.74	+7.7%	-0.0%	+14.1%	+42.9%
PE Ratio	Aug 18, 26	19.37	+7.7%	-2.2%	+6.6%	-30.4%
Quarterly Revenue	Apr 1, 26	$3.16B	-18.8%	+11.1%	+20.1%	+63.2%
Quarterly Gross Profit	Apr 1, 26	$1.27B	-14.6%	+13.8%	+20.2%	+68.2%
Quarterly Operating Margin	Apr 1, 26	14.32%	+16.1%	+1.1%	-14.8%	-9.8%
Quarterly Net Margin	Apr 1, 26	10.76%	+17.6%	+0.5%	-18.3%	-9.4%

Quarterly Gross Margin Highs

ULTA Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	40.44%	Oct 1, 25	-0.9%
3Y	40.44%	Oct 1, 25	-0.9%
5Y	41.17%	Oct 29, 22	-2.7%
All	41.17%	Oct 29, 22	-2.7%

Quarterly Gross Margin Lows

ULTA Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	38.06%	Jan 31, 26	+5.3%
3Y	37.72%	Jan 31, 24	+6.2%
5Y	37.58%	Jan 28, 23	+6.6%
All	25.88%	Apr 1, 20	+54.8%

Quarterly Gross Margin History

Month	Value	Change
Apr 2026	40.07%	+5.3%
Jan 2026	38.06%	-5.9%
Oct 2025	40.44%	+3.3%
Jul 2025	39.15%	+0.1%
Apr 2025	39.12%	+2.3%
Jan 2025	38.24%	-3.8%
Oct 2024	39.75%	+3.7%
Jul 2024	38.33%	-2.3%
Apr 2024	39.25%	+4.1%
Jan 2024	37.72%	-5.4%
Oct 2023	39.86%	+1.5%
Jul 2023	39.28%	-1.9%
Apr 2023	40.04%	+6.5%
Jan 2023	37.58%	-8.7%
Oct 2022	41.17%	+1.9%
Jul 2022	40.41%	+0.7%
Apr 2022	40.11%	+6.6%
Jan 2022	37.64%	-4.9%
Oct 2021	39.56%	-2.5%
Jul 2021	40.56%	+4.3%
Apr 2021	38.88%	+10.9%
Jan 2021	35.07%	-0.2%
Oct 2020	35.15%	+31.2%
Jul 2020	26.79%	+3.5%
Apr 2020	25.88%	-26.0%
Jan 2020	34.99%	-5.6%
Oct 2019	37.05%	+1.9%
Jul 2019	36.36%	-1.7%
Apr 2019	37.00%	+6.1%
Jan 2019	34.87%	-4.9%
Oct 2018	36.68%	+1.9%
Jul 2018	35.98%	-0.9%
Apr 2018	36.32%	+6.9%
Jan 2018	33.98%	-7.5%
Oct 2017	36.74%	+1.0%
Jul 2017	36.39%	+0.5%
Apr 2017	36.20%	+5.0%
Jan 2017	34.48%	-8.7%
Oct 2016	37.75%	+4.9%
Jul 2016	35.99%	-1.0%

Month	Value	Change
Apr 2016	36.36%	+5.0%
Jan 2016	34.62%	-6.1%
Oct 2015	36.85%	+5.4%
Jul 2015	34.95%	+0.1%
Apr 2015	34.92%	+4.6%
Jan 2015	33.38%	-11.6%
Oct 2014	37.78%	+7.0%
Jul 2014	35.32%	+2.5%
Apr 2014	34.46%	+1.9%
Jan 2014	33.82%	-9.7%
Oct 2013	37.44%	+6.1%
Jul 2013	35.29%	+0.8%
Apr 2013	35.00%	+2.3%
Jan 2013	34.22%	-6.7%
Oct 2012	36.68%	+5.4%
Jul 2012	34.80%	-3.5%
Apr 2012	36.05%	+5.8%
Jan 2012	34.07%	-5.7%
Oct 2011	36.12%	+6.1%
Jul 2011	34.03%	-2.6%
Apr 2011	34.95%	+5.7%
Jan 2011	33.08%	-5.6%
Oct 2010	35.06%	+8.5%
Jul 2010	32.30%	-1.1%
Apr 2010	32.65%	+3.8%
Jan 2010	31.45%	-1.3%
Oct 2009	31.88%	+11.1%
Jul 2009	28.70%	-3.0%
Apr 2009	29.59%	-0.4%
Jan 2009	29.70%	-4.8%
Oct 2008	31.19%	+6.2%
Jul 2008	29.36%	-5.0%
Apr 2008	30.89%	-1.5%
Jan 2008	31.36%	-4.1%
Oct 2007	32.69%	+11.0%
Jul 2007	29.45%	-3.9%
Apr 2007	30.66%	-2.9%
Jan 2007	31.58%	+3.4%
Oct 2006	30.55%	-

FAQ

What is the current quarterly gross margin of ULTA?: As of today, ULTA quarterly gross margin is 40.07%
What is ULTA quarterly gross margin most recent change?: ULTA quarterly gross margin was up +5.28% on April 1, 2026
What is 1-year change in ULTA quarterly gross margin?: ULTA quarterly gross margin is up +2.43% year-over-year
How far is ULTA quarterly gross margin from its all-time high?: ULTA quarterly gross margin is currently -2.67% below its historical high of 41.17% set on October 29, 2022
How does ULTA quarterly gross margin rank versus sector peers?: ULTA quarterly gross margin is higher than 66.20% of companies in Consumer Cyclical sector
When is ULTA next earnings release?: The next earnings release for ULTA is on August 27, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

ULTA Official Website www.ulta.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1403568/000110465926027061/0001104659-26-027061-index.htm
ULTA Profile on Yahoo Finance finance.yahoo.com/quote/ULTA
ULTA Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/ulta