Ulta Beauty income statement

In fiscal 2026, Ulta Beauty reported revenue of $12.39bn, up 9.7% on the year before, operating income of $1.53bn (a 12.4% margin) and net income of $1.15bn, or $25.64 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

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ulta Beauty: income statement, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Feb 2013	2014Feb 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Feb 2024	2025Feb 2025	2026Jan 2026	LTMAug 2026
Revenue	1.2	1.5	1.8	2.2	2.7	3.2	3.9	4.9	5.9	6.7	7.4	6.2	8.6	10.2	11.2	11.3	12.4	13.0
Cost of revenue	0.8	1.0	1.2	1.4	1.7	2.1	2.5	3.1	3.8	4.3	4.7	4.2	5.3	6.2	6.8	6.9	7.5	7.9
Gross profit	0.4	0.5	0.6	0.8	0.9	1.1	1.4	1.7	2.1	2.4	2.7	1.9	3.4	4.0	4.4	4.4	4.8	5.1
Selling, general and administrative	0.3	0.4	0.4	0.5	0.6	0.7	0.9	1.1	1.3	1.5	1.8	1.6	2.1	2.4	2.7	2.8	3.3	3.5
Operating income	0.1	0.1	0.2	0.3	0.3	0.4	0.5	0.7	0.8	0.9	0.9	0.2	1.3	1.6	1.7	1.6	1.5	1.6
Interest expense	0.0	0.0	0.0	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net interest income	—	—	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	—	—	—	—	—	—	—	—	—
Income before tax	0.1	0.1	0.2	0.3	0.3	0.4	0.5	0.7	0.8	0.9	0.9	0.2	1.3	1.6	1.7	1.6	1.5	1.6
Income tax	0.0	0.0	0.1	0.1	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.3	0.4	0.4	0.4	0.4	0.4
Net income	0.0	0.1	0.1	0.2	0.2	0.3	0.3	0.4	0.6	0.7	0.7	0.2	1.0	1.2	1.3	1.2	1.2	1.2
Diluted EPS	$0.66	$1.16	$1.90	$2.68	$3.15	$3.98	$4.98	$6.52	$8.96	$10.94	$12.15	$3.11	$17.98	$24.01	$26.03	$25.34	$25.64	$27.44
Diluted shares (average)	59m	61m	63m	64m	64m	65m	64m	63m	62m	60m	58m	57m	55m	52m	50m	47m	45m	44m
EBITDA	0.1	0.2	0.3	0.4	0.4	0.5	0.7	0.9	1.0	1.1	1.2	0.5	1.6	1.9	1.9	1.8	1.8	1.9

US$ millions unless shown otherwise. Fiscal quarters.

Ulta Beauty: income statement, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Jan 2026	2027 Q1May 2026	2027 Q2Aug 2026
Revenue	2,530	3,488	2,848	2,788	2,858	3,898	3,164	3,036
Cost of revenue	1,524	2,154	1,734	1,697	1,702	2,415	1,896	1,849
Gross profit	1,006	1,334	1,114	1,092	1,156	1,484	1,268	1,187
Selling, general and administrative	682	816	711	742	841	1,003	815	803
Operating income	319	516	402	345	309	477	448	380
Income before tax	320	518	405	346	305	474	449	376
Income tax	78	125	100	85	73	116	107	92
Net income	242	393	305	261	231	357	340	282
Diluted EPS	$5.14	$8.41	$6.70	$5.78	$5.14	$7.99	$7.74	$6.55
EBITDA	386	586	474	416	385	559	530	461

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Ulta Beauty's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ulta Beauty.