Lululemon Athletica income statement
In fiscal 2026, Lululemon Athletica reported revenue of $11.10bn, up 4.9% on the year before, operating income of $2.21bn (a 19.9% margin) and net income of $1.58bn, or $13.26 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Jan 2010 | 2011Jan 2011 | 2012Jan 2012 | 2013Feb 2013 | 2014Feb 2014 | 2015Feb 2015 | 2016Jan 2016 | 2017Jan 2017 | 2018Jan 2018 | 2019Feb 2019 | 2020Feb 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Feb 2025 | 2026Feb 2026 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.5 | 0.7 | 1.0 | 1.4 | 1.6 | 1.8 | 2.1 | 2.3 | 2.6 | 3.3 | 4.0 | 4.4 | 6.3 | 8.1 | 9.6 | 10.6 | 11.1 | 11.1 |
| Cost of revenue | — | — | — | — | — | — | — | 1.1 | 1.3 | 1.5 | 1.8 | 1.9 | 2.6 | 3.6 | 4.0 | 4.3 | 4.8 | 4.9 |
| Gross profit | 0.2 | 0.4 | 0.6 | 0.8 | 0.8 | 0.9 | 1.0 | 1.2 | 1.4 | 1.8 | 2.2 | 2.5 | 3.6 | 4.5 | 5.6 | 6.3 | 6.3 | 6.2 |
| Selling, general and administrative | 0.1 | 0.2 | 0.3 | 0.4 | 0.4 | 0.5 | 0.6 | 0.8 | 0.9 | 1.1 | 1.3 | 1.6 | 2.2 | 2.8 | 3.4 | 3.8 | 4.1 | 4.2 |
| Operating income | 0.1 | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 | 0.9 | 0.8 | 1.3 | 1.3 | 2.1 | 2.5 | 2.2 | 2.0 |
| Income before tax | 0.1 | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 | 0.9 | 0.8 | 1.3 | 1.3 | 2.2 | 2.6 | 2.2 | 2.0 |
| Income tax | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.2 | 0.4 | 0.5 | 0.6 | 0.8 | 0.7 | 0.6 |
| Net income | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.5 | 0.6 | 0.6 | 1.0 | 0.9 | 1.6 | 1.8 | 1.6 | 1.4 |
| Diluted EPS | $0.41 | $0.85 | $1.27 | $1.85 | $1.91 | $1.66 | $1.89 | $2.21 | $1.90 | $3.61 | $4.93 | $4.50 | $7.49 | $6.68 | $12.20 | $14.64 | $13.26 | $12.22 |
| Diluted shares (average) | 142m | 144m | 145m | 146m | 146m | 144m | 141m | 137m | 136m | 134m | 131m | 131m | 130m | 128m | 127m | 124m | 119m | 116m |
| EBITDA | 0.1 | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.8 | 1.1 | 1.0 | 1.6 | 1.6 | 2.5 | 3.0 | 2.7 | 2.5 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Feb 2025 | 2026 Q1May 2025 | 2026 Q2Aug 2025 | 2026 Q3Nov 2025 | 2026 Q4Feb 2026 | 2027 Q1May 2026 | 2027 Q2Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,397 | 3,611 | 2,371 | 2,525 | 2,566 | 3,641 | 2,472 | 2,416 |
| Cost of revenue | 995 | 1,430 | 988 | 1,048 | 1,140 | 1,643 | 1,133 | 954 |
| Gross profit | 1,402 | 2,182 | 1,383 | 1,477 | 1,426 | 1,998 | 1,339 | 1,462 |
| Selling, general and administrative | 910 | 1,138 | 943 | 952 | 988 | 1,184 | 1,060 | 1,006 |
| Operating income | 491 | 1,042 | 439 | 524 | 436 | 812 | 277 | 454 |
| Income before tax | 504 | 1,058 | 450 | 534 | 442 | 813 | 286 | 467 |
| Income tax | 153 | 309 | 136 | 163 | 135 | 226 | 91 | 138 |
| Net income | 352 | 748 | 315 | 371 | 307 | 587 | 195 | 329 |
| Diluted EPS | $2.87 | $6.09 | $2.60 | $3.10 | $2.59 | $4.97 | $1.69 | $2.92 |
| EBITDA | 604 | 1,176 | 553 | 644 | 563 | 947 | 412 | 596 |
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