Financials in USD. Standardized financial statements.
A compact view of how Ulta Beauty, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $12.39B | $11.30B | $11.21B | $10.21B | $8.63B | $6.15B | $7.40B | $6.72B | $5.88B | $4.85B |
| Revenue Growth? | +9.7% | +0.8% | +9.8% | +18.3% | +40.3% | -16.8% | +10.1% | +14.1% | +21.2% | 0.0% |
| Cost of Revenue? | $7.55B | $6.91B | $6.83B | $6.16B | $5.26B | $4.20B | $4.72B | $4.31B | $3.79B | $3.11B |
| Gross Profit? | $4.85B | $4.39B | $4.38B | $4.04B | $3.37B | $1.95B | $2.68B | $2.41B | $2.10B | $1.75B |
| Gross Margin? | +39.1% | +38.8% | +39.1% | +39.6% | +39.0% | +31.7% | +36.2% | +35.9% | +35.6% | +36.0% |
| Operating Expenses? | $3.30B | $2.81B | $2.69B | $2.40B | $2.12B | $1.64B | $1.76B | $1.54B | $1.29B | $1.07B |
| Operating Income? | $1.55B | $1.58B | $1.69B | $1.65B | $1.25B | $313.74M | $920.35M | $873.85M | $809.58M | $673.39M |
| EBITDA? | $1.85B | $1.85B | $1.94B | $1.88B | $1.57B | $534.59M | $1.20B | $1.14B | $1.04B | $866.01M |
| Income Before Tax | $1.53B | $1.58B | $1.70B | $1.64B | $1.30B | $231.09M | $906.15M | $859.14M | $786.86M | $655.71M |
| Income Tax Expense | $373.87M | $378.95M | $404.65M | $401.14M | $309.99M | $55.25M | $200.21M | $200.58M | $231.63M | $245.95M |
| Net Income? | $1.15B | $1.20B | $1.29B | $1.24B | $985.84M | $175.84M | $705.95M | $658.56M | $555.23M | $409.76M |
| EPS? | $25.72 | $25.44 | $26.18 | $24.17 | $18.09 | $3.12 | $12.21 | $11.00 | $9.02 | $6.55 |
| Diluted EPS? | $25.64 | $25.34 | $26.03 | $24.01 | $17.98 | $3.11 | $12.15 | $10.94 | $8.96 | $6.52 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality