What is the current annual operating margin of ULTA?

As of today, ULTA annual operating margin is 12.50%

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

ULTA annual operating margin is down -10.59% year-over-year

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

ULTA annual operating margin is down -22.65% over the past 3 years

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

ULTA annual operating margin is currently -22.65% below its historical high of 16.16% set on January 28, 2023

How does ULTA annual operating margin rank versus sector peers?

ULTA annual operating margin is higher than 80.99% 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 operating margin of ULTA?

As of today, ULTA quarterly operating margin is 12.66%

What is ULTA quarterly operating margin most recent change?

ULTA quarterly operating margin was down -11.59% on July 1, 2026

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

ULTA quarterly operating margin is up +0.88% year-over-year

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

ULTA quarterly operating margin is currently -32.52% below its historical high of 18.76% set on April 30, 2022

How does ULTA quarterly operating margin rank versus sector peers?

ULTA quarterly operating margin is higher than 71.60% of companies in Consumer Cyclical sector

When is ULTA next earnings release?

The next earnings release for ULTA is on December 3, 2026

ULTA Operating Margin History & Chart Since 2003

Annual Operating Margin

12.50%1.48%-10.59%

January 31, 2026

Summary

Current Value: As of today, ULTA annual operating margin is 12.50%, down -10.59% on January 31, 2026
Historical Performance: ULTA annual operating margin is down -22.65% over the past 3 years, up +145.10% over the past 5 years
All-Time High Comparison: ULTA annual operating margin is currently -22.65% below its historical high of 16.16% set on January 28, 2023
3-Year Low Comparison: ULTA annual operating margin is at its 3-year low
Sector Comparison: ULTA annual operating margin is higher than 80.99% of companies in Consumer Cyclical sector

Operating Margin Chart

beforeafter

Performance

ULTA Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Jan 31, 26	12.50%	-10.6%	-22.6%	+145.1%	+53.0%
Quarterly Operating Margin	Jul 1, 26	12.66%	+0.9%	-18.5%	-25.1%	+26.0%
Price	Sep 4, 26	$564.12	+6.5%	+35.6%	+47.6%	+919.6%
PE Ratio	Sep 4, 26	20.55	+1.3%	+23.1%	-30.0%	-45.4%
Annual Revenue	Jan 31, 26	$12.39B	+9.7%	+21.4%	+101.5%	+751.8%
Annual Operating Profit	Jan 31, 26	$1.55B	-1.9%	-6.1%	+393.7%	+1202.8%
Annual Gross Margin	Jan 31, 26	39.10%	+0.7%	-1.3%	+23.4%	+17.5%
Annual Net Margin	Jan 31, 26	9.31%	-12.4%	-23.5%	+225.5%	+90.8%

Operating Margin Highs

ULTA Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	16.16%	N/A	-22.6%
5Y	16.16%	Jan 28, 23	-22.6%
All	16.16%	Jan 28, 23	-22.6%

Operating Margin Lows

ULTA Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	12.50%	Jan 31, 26	at low
5Y	5.10%	N/A	+145.1%
All	2.57%	Jan 31, 04	+386.4%

Operating Margin History

Year	Value	Change
2026	12.50%	-10.6%
2025	13.98%	-7.1%
2024	15.05%	-6.9%
2023	16.16%	+11.5%
2022	14.49%	+184.1%
2021	5.10%	-59.0%
2020	12.44%	-4.4%
2019	13.01%	-5.5%
2018	13.76%	-0.8%
2017	13.87%	+4.4%
2016	13.28%	+1.3%
2015	13.11%	+1.5%

Year	Value	Change
2014	12.91%	-2.8%
2013	13.28%	+20.2%
2012	11.05%	+35.3%
2011	8.17%	+46.7%
2010	5.57%	+30.4%
2009	4.27%	-16.6%
2008	5.12%	-3.6%
2007	5.31%	+4.5%
2006	5.08%	+34.7%
2005	3.77%	+46.7%
2004	2.57%	-29.8%
2003	3.66%	-

FAQ

What is the current annual operating margin of ULTA?: As of today, ULTA annual operating margin is 12.50%
What is 1-year change in ULTA annual operating margin?: ULTA annual operating margin is down -10.59% year-over-year
What is 3-year change in ULTA annual operating margin?: ULTA annual operating margin is down -22.65% over the past 3 years
How far is ULTA annual operating margin from its all-time high?: ULTA annual operating margin is currently -22.65% below its historical high of 16.16% set on January 28, 2023
How does ULTA annual operating margin rank versus sector peers?: ULTA annual operating margin is higher than 80.99% 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

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

12.66%1.66%-11.59%

July 1, 2026

Summary

Current Value: As of today, ULTA quarterly operating margin is 12.66%, down -11.59% on July 1, 2026
Historical Performance: ULTA quarterly operating margin is up +0.88% year-over-year, down -18.48% over the past 3 years
All-Time High Comparison: ULTA quarterly operating margin is currently -32.52% below its historical high of 18.76% set on April 30, 2022
3-Year Low Comparison: ULTA quarterly operating margin is +14.99% above its 3-year low of 11.01% reached on October 1, 2025
Sector Comparison: ULTA quarterly operating margin is higher than 71.60% of companies in Consumer Cyclical sector

Performance

ULTA Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Jul 1, 26	12.66%	-11.6%	+0.9%	-18.5%	-25.1%
Annual Operating Margin	Jan 31, 26	12.50%	–	-10.6%	-22.6%	+145.1%
Price	Sep 4, 26	$564.12	+22.0%	+6.5%	+35.6%	+47.6%
PE Ratio	Sep 4, 26	20.55	+18.5%	+1.3%	+23.1%	-30.0%
Quarterly Revenue	Jul 1, 26	$3.04B	-4.0%	+8.9%	+20.0%	+54.3%
Quarterly Operating Profit	Jul 1, 26	$384.17M	-15.2%	+9.8%	-2.2%	+15.5%
Quarterly Gross Margin	Jul 1, 26	39.10%	-2.4%	-0.1%	-0.5%	-3.6%
Quarterly Net Margin	Jul 1, 26	9.29%	-13.7%	-0.8%	-21.7%	-27.1%

Quarterly Operating Margin Highs

ULTA Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	14.32%	Apr 1, 26	-11.6%
3Y	15.53%	N/A	-18.5%
5Y	18.76%	Apr 30, 22	-32.5%
All	18.76%	Apr 30, 22	-32.5%

Quarterly Operating Margin Lows

ULTA Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	11.01%	Oct 1, 25	+15.0%
3Y	11.01%	Oct 1, 25	+15.0%
5Y	11.01%	Oct 1, 25	+15.0%
All	-279.68%	Jan 31, 06	+104.5%

Quarterly Operating Margin History

Month	Value	Change
Jul 2026	12.66%	-11.6%
Apr 2026	14.32%	+16.1%
Jan 2026	12.33%	+12.0%
Oct 2025	11.01%	-12.3%
Jul 2025	12.55%	-11.4%
Apr 2025	14.17%	-4.6%
Jan 2025	14.85%	+16.2%
Oct 2024	12.78%	-2.1%
Jul 2024	13.06%	-11.9%
Apr 2024	14.82%	+1.2%
Jan 2024	14.64%	+10.2%
Oct 2023	13.29%	-14.4%
Jul 2023	15.53%	-7.6%
Apr 2023	16.81%	+20.6%
Jan 2023	13.94%	-10.8%
Oct 2022	15.63%	-8.8%
Jul 2022	17.14%	-8.6%
Apr 2022	18.76%	+57.5%
Jan 2022	11.91%	-16.7%
Oct 2021	14.30%	-15.4%
Jul 2021	16.91%	+6.6%
Apr 2021	15.87%	+36.8%
Jan 2021	11.60%	+42.0%
Oct 2020	8.17%	+74.6%
Jul 2020	4.68%	+171.0%
Apr 2020	-6.59%	-152.2%
Jan 2020	12.63%	+21.9%
Oct 2019	10.36%	-18.9%
Jul 2019	12.78%	-7.9%
Apr 2019	13.87%	+3.9%
Jan 2019	13.35%	+17.8%
Oct 2018	11.33%	-15.0%
Jul 2018	13.33%	-4.3%
Apr 2018	13.93%	+4.3%
Jan 2018	13.35%	+4.0%
Oct 2017	12.84%	-10.9%
Jul 2017	14.41%	-1.6%
Apr 2017	14.64%	+1.2%
Jan 2017	14.47%	+11.7%
Oct 2016	12.96%	-6.6%
Jul 2016	13.88%	-0.4%

Month	Value	Change
Apr 2016	13.94%	+3.5%
Jan 2016	13.47%	+5.0%
Oct 2015	12.83%	-8.2%
Jul 2015	13.97%	+9.6%
Apr 2015	12.75%	-3.9%
Jan 2015	13.27%	-1.7%
Oct 2014	13.50%	-2.4%
Jul 2014	13.83%	+18.2%
Apr 2014	11.70%	-12.4%
Jan 2014	13.35%	+2.8%
Oct 2013	12.99%	+0.5%
Jul 2013	12.92%	+6.2%
Apr 2013	12.17%	-12.6%
Jan 2013	13.93%	+4.3%
Oct 2012	13.36%	+4.5%
Jul 2012	12.79%	+1.1%
Apr 2012	12.65%	+0.6%
Jan 2012	12.57%	+17.4%
Oct 2011	10.71%	+6.6%
Jul 2011	10.05%	-0.7%
Apr 2011	10.12%	-2.2%
Jan 2011	10.35%	+44.6%
Oct 2010	7.16%	+3.5%
Jul 2010	6.92%	-5.1%
Apr 2010	7.29%	-15.7%
Jan 2010	8.65%	+67.3%
Oct 2009	5.17%	+38.2%
Jul 2009	3.74%	+12.3%
Apr 2009	3.33%	-46.9%
Jan 2009	6.27%	+66.3%
Oct 2008	3.77%	+30.4%
Jul 2008	2.89%	-14.5%
Apr 2008	3.38%	-56.3%
Jan 2008	7.74%	+102.1%
Oct 2007	3.83%	+55.7%
Jul 2007	2.46%	-51.7%
Apr 2007	5.09%	-16.4%
Jan 2007	6.09%	+68.2%
Oct 2006	3.62%	+101.3%
Jan 2006	-279.68%	-

FAQ

What is the current quarterly operating margin of ULTA?: As of today, ULTA quarterly operating margin is 12.66%
What is ULTA quarterly operating margin most recent change?: ULTA quarterly operating margin was down -11.59% on July 1, 2026
What is 1-year change in ULTA quarterly operating margin?: ULTA quarterly operating margin is up +0.88% year-over-year
How far is ULTA quarterly operating margin from its all-time high?: ULTA quarterly operating margin is currently -32.52% below its historical high of 18.76% set on April 30, 2022
How does ULTA quarterly operating margin rank versus sector peers?: ULTA quarterly operating margin is higher than 71.60% of companies in Consumer Cyclical sector
When is ULTA next earnings release?: The next earnings release for ULTA is on December 3, 2026

Operating Margin Formula

Operating Profit Margin = Operating Income

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