Buyback yield (TTM)
5.47%
Shareholder yield (TTM)
5.47%
5Y share count change
-20.5%
Buyback spend (TTM)
$1.27B
Cumulative buybacks
$7.80B
Key takeaways
- Ulta Beauty (ULTA) repurchased about $1.27B of stock over the trailing twelve months.
- Diluted share count is down 20.5% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 27.42× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +50.1% per year over the latest 5-year window.
- TTM repurchases used about 122% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Ulta Beauty (ULTA)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Ulta Beauty (ULTA)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Ulta Beauty (ULTA)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Ulta Beauty (ULTA)
Latest: $901.39M
Overview
2025's annual buyback spend for Ulta Beauty (ULTA) came in at $901.39M – declined 12.2% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Ulta Beauty buyback spend compounded at +50.1% per year, with mixed annual results across the window.
Ulta Beauty buyback spend peaked at $1.54B in 2021; the latest annual figure is $901.39M in 2025 (41.4% below peak).
The record annual buyback spend stands at $1.54B, reached in 2021; the historical low of $0.00 was recorded in 2002.
Ulta Beauty Buyback Spend 2025: $901.39M
2025's buyback spend for Ulta Beauty came in at $901.39M, declined 12.2% below 2024.
Ulta Beauty Buyback Spend 2024: $1.03B
Ulta Beauty posted buyback spend of $1.03B in 2024, edged up 0.9% from 2023.
Ulta Beauty Buyback Spend 2023: $1.02B
In 2023, Ulta Beauty reported buyback spend of $1.02B, grew 12.3% from 2022.
Ulta Beauty Buyback Spend 2022: $907.02M
Ulta Beauty buyback spend in 2022 was $907.02M, plunged 41.0% below 2021.
Ulta Beauty Buyback Spend 2021: $1.54B
Ulta Beauty buyback spend in 2021 was $1.54B.
See more financial history for Ulta Beauty (ULTA).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $901.39M | $37.43M | $863.96M | 3.11% | 0.04B | -5.1% | |
| 2024 | $1.03B | $42.79M | $984.30M | 5.39% | 0.05B | -4.4% | |
| 2023 | $1.02B | $48.25M | $970.05M | 4.18% | 0.05B | -4.1% | |
| 2022 | $907.02M | $43.04M | $863.98M | 3.49% | 0.05B | -5.7% | |
| 2021 | $1.54B | $47.26M | $1.49B | 7.95% | 0.05B | -3.0% | |
| 2020 | $118.25M | $27.58M | $90.67M | 0.74% | 0.06B | -2.7% | |
| 2019 | $690.52M | $25.05M | $665.47M | 4.52% | 0.06B | -3.4% | |
| 2018 | $622.34M | $26.64M | $595.70M | 3.64% | 0.06B | -2.9% | |
| 2017 | $371.82M | $24.40M | $347.43M | 2.75% | 0.06B | -1.4% | |
| 2016 | $347.11M | $19.34M | $327.77M | 2.05% | 0.06B | -2.2% | |
| 2015 | $169.37M | $15.59M | $153.77M | 1.47% | 0.06B | -0.6% | |
| 2014 | $41.51M | $14.92M | $26.59M | 0.49% | 0.06B | +0.3% | |
| 2013 | $37.97M | $16.00M | $21.96M | 0.69% | 0.06B | +0.1% | |
| 2012 | $79.00K | $13.38M | −$13.30M | 0.00% | 0.06B | +1.7% | |
| 2011 | $3.24M | $11.61M | −$8.37M | 0.07% | 0.06B | +3.3% | |
| 2010 | $0.00 | $11.15M | −$11.15M | — | 0.06B | +3.5% | |
| 2009 | $0.00 | $5.95M | −$5.95M | — | 0.06B | +0.5% | |
| 2008 | $59.00K | $3.88M | −$3.82M | 0.02% | 0.06B | +10.6% | |
| 2007 | $6.74M | $0.00 | $6.74M | 0.78% | 0.05B | +6.8% | |
| 2006 | $2.22M | $0.00 | $2.22M | 0.65% | 0.05B | +3.6% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.05B | +1967.6% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.00B | -41.1% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.00B | — |
- 2025$901.39M
- 2024$1.03B
- 2023$1.02B
- 2022$907.02M
- 2021$1.54B
- 2020$118.25M
- 2019$690.52M
- 2018$622.34M
- 2017$371.82M
- 2016$347.11M
- 2015$169.37M
- 2014$41.51M
- 2013$37.97M
- 2012$79.00K
- 2011$3.24M
- 2010$0.00
- 2009$0.00
- 2008$59.00K
- 2007$6.74M
- 2006$2.22M
- 2005$0.00
- 2003$0.00
- 2002$0.00
Buybacks vs stock-based compensation for Ulta Beauty (ULTA)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 27.42×.
Buybacks vs dividends (share of cash returned) for Ulta Beauty (ULTA)
How Ulta Beauty splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Ulta Beauty, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.10B | |
| $211.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.10B
- $211.00M
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.05B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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