Operating Income for Ulta Beauty (ULTA)
According to Ulta Beauty's latest reported financial statements, the company's current operating income (TTM) is $1.55B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
ULTA
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.55B
YoY change
-1.9%
5Y CAGR
+37.6%
Peak year (2023)
$1.69B
Cumulative operating income
$13.48B
Operating Income history chart for Ulta Beauty (ULTA) from 2002 to 2025
Operating Income history table for Ulta Beauty (ULTA) from 2002 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.55B | -1.9% | ||
| 2024 | $1.58B | -6.4% | ||
| 2023 | $1.69B | +2.3% | ||
| 2022 | $1.65B | +31.9% | ||
| 2021 | $1.25B | +298.6% | ||
| 2020 | $313.74M | -65.9% | ||
| 2019 | $920.35M | +5.3% | ||
| 2018 | $873.85M | +7.9% | ||
| 2017 | $809.58M | +20.2% | ||
| 2016 | $673.39M | +29.3% | ||
| 2015 | $520.98M | +22.6% | ||
| 2014 | $424.78M | +23.2% | ||
| 2013 | $344.86M | +17.0% | ||
| 2012 | $294.79M | +50.3% | ||
| 2011 | $196.19M | +65.0% | ||
| 2010 | $118.88M | +74.4% | ||
| 2009 | $68.15M | +47.2% | ||
| 2008 | $46.30M | -0.9% | ||
| 2007 | $46.72M | +16.5% | ||
| 2006 | $40.09M | +36.2% | ||
| 2005 | $29.42M | +59.1% | ||
| 2004 | $18.50M | +69.8% | ||
| 2003 | $10.90M | -17.8% | ||
| 2002 | $13.25M | — |
Operating Income values are taken from Ulta Beauty's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Ulta Beauty (ULTA) operating income is $1.55B – edged down 1.9% year-over-year.
Ulta Beauty operating income compound annual growth for the 2020–2025 (5 years) window is +37.6%, with the latest reading among the more recent periods of the dataset.
Ulta Beauty operating income declined from $1.69B in 2023 to $1.55B in 2025, a 8.2% drawdown.
The dataset's maximum operating income sits at $1.69B (2023); the minimum reading of $10.90M dates to 2003.
Within Consumer Cyclical, Ulta Beauty (ULTA) ranks 9th among 8 peers we track. The peer median for operating income is $16.64B.
Ulta Beauty Operating Income by Year
Ulta Beauty Operating Income 2025: $1.55B
Ulta Beauty operating income in 2025 was $1.55B, edged down 1.9% below 2024.
Ulta Beauty Operating Income 2024: $1.58B
Ulta Beauty operating income in 2024 was $1.58B, declined 6.4% below 2023.
Ulta Beauty Operating Income 2023: $1.69B
Ulta Beauty operating income in 2023 was $1.69B, edged up 2.3% from 2022. This figure represents the highest annual value in the available history.
Ulta Beauty Operating Income 2022: $1.65B
Ulta Beauty operating income in 2022 was $1.65B, surged 31.9% from 2021.
Ulta Beauty Operating Income 2021: $1.25B
Ulta Beauty operating income in 2021 was $1.25B.
See more financial history for Ulta Beauty (ULTA).
Sector peers — Operating Income
Companies in the same sector as Ulta Beauty, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $140.91B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $79.97B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $20.89B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $12.39B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.28B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $7.18B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is Ulta Beauty's operating income?
- Latest reported operating income for Ulta Beauty (ULTA) is $1.55B (period ending January 31, 2026).
How has Ulta Beauty operating income changed year-over-year?
- Ulta Beauty (ULTA) operating income changed -1.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Ulta Beauty operating income?
- Ulta Beauty (ULTA) operating income compound annual growth rate is +37.6% over the most recent 5 years available.
When did Ulta Beauty operating income hit its highest annual value?
- Ulta Beauty operating income reached its highest annual value of $1.69B in 2023.
What was Ulta Beauty operating income in 2024?
- Ulta Beauty (ULTA) operating income in 2024 was $1.58B.
What was Ulta Beauty operating income in 2025?
- Ulta Beauty (ULTA) operating income in 2025 was $1.55B.
Metrics overview
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