Ulta Beauty, Inc. (ULTA)

ULTA Income Statement

Revenue, expenses, and profitability analysis

ULTA Quarterly Income Statement (USD)

Quarterly Report	TTM	05/02/2026	01/31/2026	11/01/2025	08/02/2025	05/03/2025	01/31/2025	11/02/2024	08/03/2024
Gross Profit	4.999B	1.268B	1.484B	1.156B	1.092B	1.114B	1.334B	1.006B	978.177M
Revenue	12.708B	3.164B	3.898B	2.858B	2.788B	2.848B	3.488B	2.530B	2.552B
Cost of Goods Sold	7.710B	1.896B	2.415B	1.702B	1.697B	1.734B	2.154B	1.524B	1.574B
Gross Profit Margin	40.1%	40.1%	38.1%	40.4%	39.2%	39.1%	38.2%	39.7%	38.3%
Total Operating Expenses	3.400B	814.699M	1.003B	840.920M	741.737M	710.613M	815.599M	682.259M	644.821M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	3.400B	814.699M	1.003B	840.920M	741.737M	710.613M	815.599M	682.259M	644.821M
Operating Income (EBIT)	1.593B	448.256M	480.503M	314.745M	349.959M	403.606M	518.053M	323.385M	333.356M
Operating Margin	14.2%	14.2%	12.3%	11.0%	12.6%	14.2%	14.9%	12.8%	13.1%
Income Before Tax (EBT)	1.573B	448.908M	474.318M	304.311M	345.670M	404.696M	518.315M	320.176M	333.727M
Interest Income	1.413M	—	—	—	1.413M	3.547M	1.994M	1.674M	4.526M
Interest Expense	7.399M	652K	2.624M	4.123M	—	—	—	—	—
Other Income/Expense	-20.256M	652K	-6.185M	-10.434M	-4.289M	1.090M	262K	-3.209M	371K
Net Income	1.189B	340.469M	356.677M	230.875M	260.875M	305.052M	393.270M	242.179M	252.556M
Income Tax Expense	381.085M	106.860M	115.994M	73.436M	84.795M	99.644M	125.045M	77.997M	81.171M
Net Profit Margin	10.8%	10.8%	9.1%	8.1%	9.4%	10.7%	11.3%	9.6%	9.9%
EBITDA	1.814B	449.559M	562.290M	385.206M	417.432M	477.357M	588.282M	387.198M	399.041M
EBITDA Margin	14.2%	14.2%	14.4%	13.5%	15.0%	16.8%	16.9%	15.3%	15.6%
Depreciation & Amortization	228.739M	0.00	81.787M	75.787M	71.165M	72.033M	69.967M	67.022M	65.314M
EPS Basic	26.78	7.78	8.04	5.16	5.80	6.72	8.50	5.16	5.32
EPS Diluted	26.68	7.74	8.02	5.14	5.78	6.70	8.46	5.14	5.30
Shares Outstanding	43.781M	43.781M	44.842M	44.731M	44.955M	45.362M	46.270M	46.928M	47.505M
Diluted Shares Outstanding	43.964M	43.964M	44.991M	44.895M	45.112M	45.508M	46.476M	47.092M	47.667M

ULTA Annual Income Statement (USD)

Annual Report	01/31/2026	01/31/2025	01/31/2024	01/31/2023	01/31/2022	01/31/2021	01/31/2020	01/31/2019
Gross Profit	4.845B	4.387B	4.381B	4.045B	3.369B	1.949B	2.681B	2.409B
Revenue	12.393B	11.296B	11.207B	10.209B	8.631B	6.152B	7.398B	6.717B
Cost of Goods Sold	7.548B	6.908B	6.826B	6.164B	5.262B	4.203B	4.717B	4.307B
Gross Profit Margin	39.1%	38.8%	39.1%	39.6%	39.0%	31.7%	36.2%	35.9%
Total Operating Expenses	3.296B	2.809B	2.695B	2.395B	2.118B	1.635B	1.761B	1.535B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	3.296B	2.809B	2.695B	2.395B	2.118B	1.635B	1.761B	1.535B
Operating Income (EBIT)	1.549B	1.579B	1.687B	1.649B	1.251B	313.737M	920.348M	873.847M
Operating Margin	12.5%	14.0%	15.0%	16.2%	14.5%	5.1%	12.4%	13.0%
Income Before Tax (EBT)	1.531B	1.580B	1.696B	1.644B	1.296B	231.085M	906.150M	859.141M
Interest Income	—	15.094M	17.622M	4.934M	—	—	5.056M	5.061M
Interest Expense	1.787M	—	—	—	1.663M	5.735M	—	—
Other Income/Expense	-17.608M	1.405M	9.112M	-5.667M	45.246M	-82.652M	-14.198M	-14.706M
Net Income	1.153B	1.201B	1.291B	1.242B	985.837M	175.835M	705.945M	658.559M
Income Tax Expense	373.869M	378.948M	404.646M	401.136M	309.992M	55.250M	200.205M	200.582M
Net Profit Margin	9.3%	10.6%	11.5%	12.2%	11.4%	2.9%	9.5%	9.8%
EBITDA	1.850B	1.847B	1.939B	1.885B	1.566B	534.592M	1.202B	1.139B
EBITDA Margin	14.9%	16.4%	17.3%	18.5%	18.1%	8.7%	16.2%	17.0%
Depreciation & Amortization	300.772M	267.042M	243.840M	241.372M	268.460M	297.772M	295.599M	279.472M
EPS Basic	25.72	25.44	26.18	24.17	18.09	3.12	12.21	11.00
EPS Diluted	25.64	25.34	26.03	24.01	17.98	3.11	12.15	10.94
Shares Outstanding	44.842M	47.207M	49.304M	51.403M	54.482M	56.351M	57.840M	59.864M
Diluted Shares Outstanding	44.991M	47.404M	49.596M	51.738M	54.841M	56.558M	58.105M	60.181M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Ulta Beauty, Inc.

Ulta Beauty, Inc. functions as a prominent beauty product retailer throughout the United States. Its physical locations feature a broad assortment of goods, including cosmetics, perfumes, skincare, haircare items, bath and body essentials, and professional salon styling instruments. Additionally, they provide a comprehensive suite of salon services, encompassing hair, skin, makeup, brow, and nail treatments. The company further offers its proprietary label products, such as the Ulta Beauty Collection for cosmetics, skincare, and bath items, alongside other Ulta Beauty branded merchandise and gift options. As of March 10, 2022, Ulta Beauty operated 1,308 retail stores across all 50 U.S. states. Its products are also available for purchase via its website, ulta.com, and through its mobile applications. Incorporated in 1990, the enterprise was initially known as Ulta Salon, Cosmetics & Fragrance, Inc., before officially changing its name to Ulta Beauty, Inc. in January 2017. Its corporate base is located in Bolingbrook, Illinois.

Bolingbrook, IL

20,000 employees

www.ulta.com

Consumer Cyclical / Specialty Retail

Sector: Consumer Cyclical
Industry: Specialty Retail
CEO: Kecia L. Steelman

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