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Lululemon Athletica Inc. (LULU) Operating Margin: 18.21%

Is Lululemon Athletica Inc.’s operating margin high or low?

Lululemon Athletica Inc.'s operating margin of 18.21% is 12% below its 4-year average of 20.69%, near the low end of its 4-year range (16.38%–23.67%).

As of Thursday, June 11, 2026. 16.43% below its 12-month average of 21.79%.

LULU Operating Margin Chart

LULU Operating Margin
19.91%-15.89% 1Y
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LULU Average Operating Margin Chart

LULU Current vs Average Operating Margin Chart

LULU Operating Margin Metrics

OPERATING MARGIN

18.21%

OPERATING MARGIN AVG TTM

21.79%

OPERATING MARGIN AVG 3Y

21.92%

OPERATING MARGIN AVG 5Y

20.69%

OPERATING MARGIN AVG 10Y

20.10%

OPERATING MARGIN AVG 15Y

21.37%

OPERATING MARGIN AVG 20Y

20.54%

CURRENT VS TTM AVG

-16.43%

CURRENT VS 3Y AVG

-16.91%

CURRENT VS 5Y AVG

-11.98%

CURRENT VS 10Y AVG

-9.42%

CURRENT VS 15Y AVG

-14.80%

CURRENT VS 20Y AVG

-11.33%

LULU Competitors' Operating Margin

NAMEMARKET CAPOPERATING MARGINTTM3Y5Y
Lululemon Athletica Inc. (LULU)$13.34B18.21%21.79%21.92%20.69%
NIO Inc. (NIO)$12.23B-8.06%-25.09%-30.66%-27.24%
DraftKings Inc. (DKNG)$14.70B0.58%-6.51%-25.51%-59.96%
Best Buy Co., Inc. (BBY)$15.91B3.40%3.73%3.70%4.15%
Domino's Pizza, Inc. (DPZ)$10.28B19.59%18.99%18.30%18.13%
GameStop Corp. (GME)$9.88B10.61%3.59%0.32%-1.59%
CAVA Group, Inc. (CAVA)$9.76B7.17%5.60%0.32%-1.86%
International Paper Company (IP)$17.09B-10.46%-4.38%1.45%3.56%
Wayfair Inc. (W)$9.38B1.08%-1.88%-5.46%-3.33%
The Gap, Inc. (GPS)$9.21B8.44%7.31%6.27%4.65%

Operating Efficiency

Gross Margin

55.7%

Operating Margin

18.2%

Lululemon Athletica Inc. Operating Margin Formula & Definition

Operating Margin = Operating Income / Revenue

Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Lululemon Athletica Inc. Operating Margin FAQ

What is the operating margin for Lululemon Athletica Inc. (LULU)?
The operating margin for LULU stock is 18.21%.
Is Lululemon Athletica Inc.'s operating margin high or low?
Lululemon Athletica Inc.'s operating margin of 18.21% is 12% below its 4-year average of 20.69%, near the low end of its 4-year range (16.38%–23.67%).
What is the TTM average operating margin for Lululemon Athletica Inc. (LULU)?
The TTM average operating margin for LULU stock is 21.79%.
What is the 3Y average operating margin for Lululemon Athletica Inc. (LULU)?
The 3Y average operating margin for LULU stock is 21.92%.
What is the 5Y average operating margin for Lululemon Athletica Inc. (LULU)?
The 5Y average operating margin for LULU stock is 20.69%.
What is the 10Y average operating margin for Lululemon Athletica Inc. (LULU)?
The 10Y average operating margin for LULU stock is 20.10%.
What is the 15Y average operating margin for Lululemon Athletica Inc. (LULU)?
The 15Y average operating margin for LULU stock is 21.37%.
What is the 20Y average operating margin for Lululemon Athletica Inc. (LULU)?
The 20Y average operating margin for LULU stock is 20.54%.

Lululemon Athletica Inc. Operating Margin History

DATEOPERATING MARGIN
2026-02-0119.91%
2025-02-0223.67%
2024-01-2822.17%
2023-01-2916.38%
2022-01-3021.31%
2021-01-3118.63%
2020-02-0222.34%
2019-02-0321.46%
2018-01-2817.21%
2017-01-2917.96%
2016-01-3117.91%
2015-02-0120.92%
2014-02-0224.60%
2013-02-0327.47%
2012-01-2928.67%
2011-01-3025.35%
2010-01-3119.11%
2009-02-0116.00%
2008-02-0318.77%
2007-01-3110.90%
2006-01-314.43%
2005-01-31100.00%
2004-01-314.18%

About Lululemon Athletica Inc.

Lululemon Athletica Inc., alongside its subsidiaries, specializes in the design, global distribution, and retail of athletic apparel and accessories for both women and men. Its business operations are structured into two main divisions: company-owned retail establishments and direct-to-consumer sales. The firm's offerings encompass a range of clothing such as pants, shorts, tops, and jackets, all crafted for promoting a healthy lifestyle and facilitating athletic endeavors. These activities span yoga, running, training, and other physically demanding pursuits. Beyond apparel, Lululemon also supplies fitness-related accessories and a selection of footwear. Customers can acquire Lululemon products through numerous channels. These include a global network of corporate-managed stores, outlet locations, and seasonal warehouse sales. The company also sells through an interactive digital workout platform and via wholesale partnerships with entities like yoga studios, health clubs, and fitness centers. Further sales occur through temporary pop-up shops, as well as various licensing and supply agreements. A significant portion of sales is conducted directly with consumers through dedicated mobile applications and its primary e-commerce website, lululemon.com. By January 30, 2022, Lululemon boasted 574 stores operating under its brand name across numerous international markets. These markets span the United States, Canada, the People's Republic of China, Australia, the United Kingdom, Japan, New Zealand, Germany, South Korea, Singapore, France, Malaysia, Sweden, Ireland, the Netherlands, Norway, and Switzerland. Founded in 1998, Lululemon Athletica Inc. maintains its corporate base in Vancouver, Canada.

Vancouver, BC
39,000 employees
Consumer Cyclical / Apparel - Retail
Sector
Consumer Cyclical
Industry
Apparel - Retail
CEO
Meghan C. Frank