TTM
39.3%
YoY change
+0.26pp
Trough year (2003)
26.3%
Peak year (2022)
39.6%
Latest annual
39.1%
Gross Margin history chart for Ulta Beauty (ULTA) from 2002 to 2025
Latest: 39.1%
Gross Margin change chart for Ulta Beauty (ULTA) from 2002 to 2025
Latest: +0.26pp
Gross Margin history table for Ulta Beauty (ULTA) from 2002 to 2025
| 2025 | 39.1% | +0.26pp | ||
| 2024 | 38.8% | -0.25pp | ||
| 2023 | 39.1% | -0.53pp | ||
| 2022 | 39.6% | +0.59pp | ||
| 2021 | 39.0% | +7.35pp | ||
| 2020 | 31.7% | -4.56pp | ||
| 2019 | 36.2% | +0.37pp | ||
| 2018 | 35.9% | +0.24pp | ||
| 2017 | 35.6% | -0.36pp | ||
| 2016 | 36.0% | +0.71pp | ||
| 2015 | 35.3% | +0.21pp | ||
| 2014 | 35.1% | -0.17pp | ||
| 2013 | 35.2% | -0.05pp | ||
| 2012 | 35.3% | +0.57pp | ||
| 2011 | 34.7% | +1.45pp | ||
| 2010 | 33.3% | +2.77pp | ||
| 2009 | 30.5% | +0.27pp | ||
| 2008 | 30.2% | -0.86pp | ||
| 2007 | 31.1% | -0.05pp | ||
| 2006 | 31.1% | +1.05pp | ||
| 2005 | 30.1% | — | ||
| 2003 | 26.3% | -1.92pp | ||
| 2002 | 28.3% | — |
- 202539.1%+0.26pp
- 202438.8%-0.25pp
- 202339.1%-0.53pp
- 202239.6%+0.59pp
- 202139.0%+7.35pp
- 202031.7%-4.56pp
- 201936.2%+0.37pp
- 201835.9%+0.24pp
- 201735.6%-0.36pp
- 201636.0%+0.71pp
- 201535.3%+0.21pp
- 201435.1%-0.17pp
- 201335.2%-0.05pp
- 201235.3%+0.57pp
- 201134.7%+1.45pp
- 201033.3%+2.77pp
- 200930.5%+0.27pp
- 200830.2%-0.86pp
- 200731.1%-0.05pp
- 200631.1%+1.05pp
- 200530.1%—
- 200326.3%-1.92pp
- 200228.3%—
Gross Margin values are taken from Ulta Beauty's reported income statements (quarterly 10-Q and annual 10-K 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 Gross Margin at Ulta Beauty (ULTA)
According to Ulta Beauty's latest reported financial statements, the company's latest reported gross margin is 39.3%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Ulta Beauty (ULTA) gross margin is 39.10% – expanded 0.3 percentage points year-over-year.
The highest annual gross margin of 39.62% was reported in 2022. The lowest in the available history was 26.34% in 2003.
Ulta Beauty Gross Margin by Year
Ulta Beauty Gross Margin 2025: 39.1%
Ulta Beauty gross margin in 2025 was 39.10%, expanded 0.3 percentage points from 2024.
Ulta Beauty Gross Margin 2024: 38.8%
2024's gross margin for Ulta Beauty came in at 38.84%, contracted 0.3 percentage points from 2023.
Ulta Beauty Gross Margin 2023: 39.1%
Ulta Beauty posted gross margin of 39.09% in 2023, contracted 0.5 percentage points from 2022.
Ulta Beauty Gross Margin 2022: 39.6%
In 2022, Ulta Beauty reported gross margin of 39.62%, expanded 0.6 percentage points from 2021. This figure represents the highest annual value in the available history.
Ulta Beauty Gross Margin 2021: 39.0%
Ulta Beauty gross margin in 2021 was 39.03%.
See more financial history for Ulta Beauty (ULTA).
Sector peers by Gross Margin
Consumer Cyclical peers of Ulta Beauty (ULTA), ranked by their latest gross margin
| 100.0% | |
| 57.4% | |
| 56.0% | |
| 50.6% | |
| 39.8% | |
| 33.1% | |
| 31.4% | |
| 19.1% |
- 100.0%
- 57.4%
- 56.0%
- 50.6%
- 39.8%
- 33.1%
- 31.4%
- 19.1%
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