TTM
18.2%
YoY change
−3.75pp
Trough year (2003)
4.2%
Peak year (2004)
100.0%
Latest annual
19.9%
Operating Margin history chart for Lululemon Athletica (LULU) from 2003 to 2025
Latest: 19.9%
Operating Margin change chart for Lululemon Athletica (LULU) from 2003 to 2025
Latest: −3.75pp
Operating Margin history table for Lululemon Athletica (LULU) from 2003 to 2025
| 2025 | 19.9% | -3.75pp | ||
| 2024 | 23.7% | +1.49pp | ||
| 2023 | 22.2% | +5.79pp | ||
| 2022 | 16.4% | -4.93pp | ||
| 2021 | 21.3% | +2.68pp | ||
| 2020 | 18.6% | -3.72pp | ||
| 2019 | 22.3% | +0.88pp | ||
| 2018 | 21.5% | +4.25pp | ||
| 2017 | 17.2% | -0.75pp | ||
| 2016 | 18.0% | +0.05pp | ||
| 2015 | 17.9% | -3.01pp | ||
| 2014 | 20.9% | -3.67pp | ||
| 2013 | 24.6% | -2.87pp | ||
| 2012 | 27.5% | -1.20pp | ||
| 2011 | 28.7% | +3.33pp | ||
| 2010 | 25.3% | +6.24pp | ||
| 2009 | 19.1% | +3.11pp | ||
| 2008 | 16.0% | -2.76pp | ||
| 2007 | 18.8% | +7.87pp | ||
| 2006 | 10.9% | +6.47pp | ||
| 2005 | 4.4% | -95.57pp | ||
| 2004 | 100.0% | +95.82pp | ||
| 2003 | 4.2% | — |
- 202519.9%-3.75pp
- 202423.7%+1.49pp
- 202322.2%+5.79pp
- 202216.4%-4.93pp
- 202121.3%+2.68pp
- 202018.6%-3.72pp
- 201922.3%+0.88pp
- 201821.5%+4.25pp
- 201717.2%-0.75pp
- 201618.0%+0.05pp
- 201517.9%-3.01pp
- 201420.9%-3.67pp
- 201324.6%-2.87pp
- 201227.5%-1.20pp
- 201128.7%+3.33pp
- 201025.3%+6.24pp
- 200919.1%+3.11pp
- 200816.0%-2.76pp
- 200718.8%+7.87pp
- 200610.9%+6.47pp
- 20054.4%-95.57pp
- 2004100.0%+95.82pp
- 20034.2%—
Operating Margin values are taken from Lululemon Athletica's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Lululemon Athletica (LULU)
According to Lululemon Athletica's latest reported financial statements, the company's latest reported operating margin is 18.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Lululemon Athletica (LULU) came in at 19.91% – contracted 3.8 percentage points year-over-year.
The highest annual operating margin of 100.00% was reported in 2004. The lowest in the available history was 4.18% in 2003.
Lululemon Athletica Operating Margin by Year
Lululemon Athletica Operating Margin 2025: 19.9%
In 2025, Lululemon Athletica reported operating margin of 19.91%, contracted 3.8 percentage points from 2024.
Lululemon Athletica Operating Margin 2024: 23.7%
Lululemon Athletica operating margin in 2024 was 23.67%, expanded 1.5 percentage points from 2023.
Lululemon Athletica Operating Margin 2023: 22.2%
2023's operating margin for Lululemon Athletica came in at 22.17%, expanded 5.8 percentage points from 2022.
Lululemon Athletica Operating Margin 2022: 16.4%
Lululemon Athletica posted operating margin of 16.38% in 2022, contracted 4.9 percentage points from 2021.
Lululemon Athletica Operating Margin 2021: 21.3%
Lululemon Athletica operating margin in 2021 was 21.31%.
See more financial history for Lululemon Athletica (LULU).
Sector peers by Operating Margin
Consumer Cyclical peers of Lululemon Athletica (LULU), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
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