Ulta Beauty, Inc. (ULTA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.16B | 3.9B | 2.86B | 2.79B | 2.85B | 3.49B | 2.53B | 2.55B | 2.73B | 3.55B | 2.49B | 2.53B | 2.63B | 3.23B | 2.34B | 2.3B | 2.35B | 2.73B | 2B | 1.97B |
| Revenue Growth % | 11.08% | 11.78% | 12.95% | 9.26% | 4.49% | -1.88% | 1.65% | 0.88% | 3.48% | 10.15% | 6.42% | 10.13% | 12.29% | 18.22% | 17.19% | 16.77% | 21.02% | 24.14% | 28.59% | 60.19% |
| Cost of Goods Sold | 1.9B | 2.41B | 1.7B | 1.7B | 1.73B | 2.15B | 1.52B | 1.57B | 1.66B | 2.21B | 1.5B | 1.54B | 1.58B | 2.01B | 1.38B | 1.37B | 1.4B | 1.7B | 1.21B | 1.17B |
| COGS % of Revenue | 59.93% | 61.94% | 59.56% | 60.85% | 60.88% | 61.76% | 60.25% | 61.67% | 60.75% | 62.28% | 60.14% | 60.72% | 59.96% | 62.42% | 58.83% | 59.59% | 59.89% | 62.36% | 60.44% | 59.44% |
| Gross Profit | 1.27B | 1.48B | 1.16B | 1.09B | 1.11B | 1.33B | 1.01B | 978.18M | 1.07B | 1.34B | 992.07M | 993.61M | 1.05B | 1.21B | 962.82M | 928.16M | 941.03M | 1.03B | 789.47M | 797.96M |
| Gross Margin % | 40.07% | 38.06% | 40.44% | 39.15% | 39.12% | 38.24% | 39.75% | 38.33% | 39.25% | 37.72% | 39.86% | 39.28% | 40.04% | 37.58% | 41.17% | 40.41% | 40.11% | 37.64% | 39.56% | 40.56% |
| Gross Profit Growth % | 13.77% | 11.25% | 14.92% | 11.61% | 4.15% | -0.52% | 1.37% | -1.55% | 1.41% | 10.56% | 3.04% | 7.05% | 12.1% | 18.02% | 21.96% | 16.32% | 24.84% | 33.24% | 44.72% | 142.54% |
| Operating Expenses | 814.7M | 1B | 840.92M | 741.74M | 710.61M | 815.6M | 682.26M | 644.82M | 665.91M | 820.36M | 661.38M | 600.69M | 612.13M | 762.71M | 597.16M | 534.46M | 500.97M | 702.37M | 504.04M | 465.35M |
| OpEx % of Revenue | 25.75% | 25.73% | 29.43% | 26.6% | 24.95% | 23.39% | 26.97% | 25.27% | 24.43% | 23.08% | 26.57% | 23.74% | 23.24% | 23.64% | 25.53% | 23.27% | 21.36% | 25.73% | 25.26% | 23.66% |
| Selling, General & Admin | 814.7M | 1B | 840.92M | 741.74M | 710.61M | 815.6M | 682.26M | 644.82M | 665.91M | 820.36M | 661.38M | 600.69M | 612.13M | 762.71M | 597.16M | 534.46M | 500.97M | 702.37M | 504.04M | 465.35M |
| SG&A % of Revenue | 25.75% | 25.73% | 29.43% | 26.6% | 24.95% | 23.39% | 26.97% | 25.27% | 24.43% | 23.08% | 26.57% | 23.74% | 23.24% | 23.64% | 25.53% | 23.27% | 21.36% | 25.73% | 25.26% | 23.66% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 448.26M | 480.5M | 314.75M | 349.96M | 403.61M | 518.05M | 323.38M | 333.36M | 403.87M | 520.2M | 330.69M | 392.92M | 442.73M | 449.8M | 365.65M | 393.7M | 440.06M | 324.96M | 285.44M | 332.62M |
| Operating Margin % | 14.17% | 12.33% | 11.01% | 12.55% | 14.17% | 14.85% | 12.78% | 13.06% | 14.82% | 14.64% | 13.29% | 15.53% | 16.81% | 13.94% | 15.63% | 17.14% | 18.76% | 11.91% | 14.3% | 16.91% |
| Operating Income Growth % | 11.06% | -7.25% | -2.67% | 4.98% | -0.06% | -0.41% | -2.21% | -15.16% | -8.78% | 15.65% | -9.56% | -0.2% | 0.61% | 38.42% | 28.1% | 18.37% | 43.07% | 27.4% | 125.22% | 479.27% |
| EBITDA | 449.56M | 562.29M | 390.53M | 421.12M | 475.64M | 588.02M | 390.41M | 398.67M | 468.61M | 582.77M | 392.1M | 454.83M | 500.68M | 508.99M | 424.11M | 454.59M | 502.89M | 388.68M | 350.59M | 401.59M |
| EBITDA Margin % | 14.21% | 14.42% | 13.67% | 15.1% | 16.7% | 16.86% | 15.43% | 15.62% | 17.19% | 16.4% | 15.75% | 17.98% | 19.01% | 15.77% | 18.13% | 19.79% | 21.44% | 14.24% | 17.57% | 20.41% |
| EBITDA Growth % | -5.48% | -4.38% | 0.03% | 5.63% | 1.5% | 0.9% | -0.43% | -12.35% | -6.41% | 14.5% | -7.55% | 0.05% | -0.44% | 30.95% | 20.97% | 13.2% | 32.98% | 19.06% | 76.09% | 197.87% |
| D&A (Non-Cash Add-back) | 0 | 81.79M | 75.79M | 71.17M | 72.03M | 69.97M | 67.02M | 65.31M | 64.74M | 62.57M | 61.41M | 61.91M | 57.95M | 59.19M | 58.46M | 60.88M | 62.84M | 63.73M | 65.16M | 68.98M |
| EBIT | 449.56M | 476.94M | 309.42M | 346.27M | 405.32M | 518.32M | 320.18M | 333.73M | 407.85M | 520.42M | 329.72M | 396.09M | 449.42M | 452M | 362.7M | 391.54M | 437.71M | 375.62M | 284.24M | 332.31M |
| Net Interest Income | -652K | -2.62M | -4.12M | 1.41M | 3.55M | 1.99M | 1.67M | 4.53M | 6.9M | 3.33M | 2.5M | 4.45M | 7.35M | 4.38M | 849K | 108K | -401K | -467K | -413K | -425K |
| Interest Income | 0 | 0 | 0 | 1.41M | 3.55M | 1.99M | 1.67M | 4.53M | 6.9M | 3.33M | 2.5M | 4.45M | 7.35M | 4.38M | 849K | 108K | 0 | 0 | 0 | 0 |
| Interest Expense | 652K | 2.62M | 4.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 401K | 467K | 413K | 425K |
| Other Income/Expense | 652K | -6.18M | -10.43M | -4.29M | 1.09M | 262K | -3.21M | 371K | 3.98M | 214K | -963K | 3.17M | 6.69M | 2.2M | -2.95M | -2.17M | -2.75M | 50.2M | -1.61M | -734K |
| Pretax Income | 448.91M | 474.32M | 304.31M | 345.67M | 404.7M | 518.32M | 320.18M | 333.73M | 407.85M | 520.42M | 329.72M | 396.09M | 449.42M | 452M | 362.7M | 391.54M | 437.31M | 375.15M | 283.83M | 331.88M |
| Pretax Margin % | 14.19% | 12.17% | 10.65% | 12.4% | 14.21% | 14.86% | 12.65% | 13.08% | 14.96% | 14.64% | 13.25% | 15.66% | 17.06% | 14.01% | 15.51% | 17.04% | 18.64% | 13.74% | 14.22% | 16.87% |
| Income Tax | 106.86M | 115.99M | 73.44M | 84.8M | 99.64M | 125.05M | 78M | 81.17M | 94.73M | 126.05M | 80.24M | 95.99M | 102.37M | 111.25M | 88.12M | 95.86M | 105.91M | 85.79M | 68.54M | 80.99M |
| Effective Tax Rate % | 23.8% | 24.45% | 24.13% | 24.53% | 24.62% | 24.13% | 24.36% | 24.32% | 23.23% | 24.22% | 24.34% | 24.23% | 22.78% | 24.61% | 24.3% | 24.48% | 24.22% | 22.87% | 24.15% | 24.4% |
| Net Income | 340.47M | 356.68M | 230.88M | 260.88M | 305.05M | 393.27M | 242.18M | 252.56M | 313.11M | 394.37M | 249.48M | 300.1M | 347.05M | 340.75M | 274.58M | 295.68M | 331.39M | 289.37M | 215.29M | 250.89M |
| Net Margin % | 10.76% | 9.15% | 8.08% | 9.36% | 10.71% | 11.28% | 9.57% | 9.9% | 11.49% | 11.1% | 10.02% | 11.86% | 13.17% | 10.56% | 11.74% | 12.87% | 14.13% | 10.6% | 10.79% | 12.75% |
| Net Income Growth % | 11.61% | -9.3% | -4.67% | 3.29% | -2.57% | -0.28% | -2.93% | -15.84% | -9.78% | 15.74% | -9.14% | 1.5% | 4.72% | 17.76% | 27.54% | 17.85% | 43.9% | 68.73% | 187.83% | 3015.91% |
| Net Income (Continuing) | 342.05M | 358.32M | 230.88M | 260.88M | 305.05M | 393.27M | 242.18M | 252.56M | 313.11M | 394.37M | 249.48M | 300.1M | 347.05M | 340.75M | 274.58M | 295.68M | 331.39M | 289.37M | 215.29M | 250.89M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 7.74 | 8.02 | 5.14 | 5.78 | 6.70 | 8.46 | 5.14 | 5.30 | 6.47 | 8.08 | 5.07 | 6.02 | 6.88 | 6.68 | 5.34 | 5.70 | 6.30 | 5.41 | 3.94 | 4.56 |
| EPS Growth % | 15.52% | -5.2% | 0% | 9.06% | 3.55% | 4.7% | 1.38% | -11.96% | -5.96% | 20.96% | -5.06% | 5.61% | 9.21% | 23.47% | 35.53% | 25% | 53.66% | 78.55% | 198.48% | 3157.14% |
| EPS (Basic) | 7.78 | 8.04 | 5.16 | 5.80 | 6.72 | 8.50 | 5.16 | 5.32 | 6.51 | 8.13 | 5.09 | 6.05 | 6.92 | 6.73 | 5.37 | 5.73 | 6.34 | 5.44 | 3.97 | 4.59 |
| Diluted Shares Outstanding | 43.96M | 44.99M | 44.9M | 45.11M | 45.51M | 46.48M | 47.09M | 47.67M | 48.38M | 48.8M | 49.23M | 49.85M | 50.47M | 50.98M | 51.42M | 51.9M | 52.58M | 53.52M | 54.66M | 55.01M |
| Basic Shares Outstanding | 43.78M | 44.84M | 44.73M | 44.95M | 45.36M | 46.27M | 46.93M | 47.51M | 48.13M | 48.5M | 49.01M | 49.62M | 50.15M | 50.62M | 51.13M | 51.61M | 52.25M | 53.16M | 54.29M | 54.67M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |