Ulta Beauty revenue and financials
$547.29Change from previous close: +0.84%Absolute change: +$4.57
In the fiscal year ended January 2026, Ulta Beauty reported revenue of $12.39B (+9.71% year over year). Net income was $1.15B, a net margin of 9.3%.
Fiscal year ending in January. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.71%
- FY to Jan 2026 vs FY to Jan 2025
- Net income growth
- −3.97%
- FY to Jan 2026 vs FY to Jan 2025
- Net margin
- 9.3%
- FY to Jan 2025: 10.6%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q to Jul 2026 | Q to Apr 2026 | Q to Jan 2026 | Q to Oct 2025 | Q to Jul 2025 | Q to Apr 2025 | Q to Jan 2025 | Q to Oct 2024 | Q to Jul 2024 | Q to Apr 2024 | Q to Jan 2024 | Q to Oct 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 120 | 262 | 1,181 | 5.6 | 96.5 | 220 | 1,037 | -56.8 | 200 | 159 | 1,118 | -70.8 |
| Depreciation and amortization | 81.3 | 81.4 | 81.6 | 75.8 | 71.2 | 72.0 | 69.7 | 67.0 | 65.3 | 64.7 | 61.7 | 61.4 |
| Capital expenditure | -81.3 | -58.3 | -192 | -87.3 | -77.0 | -79.0 | -73.9 | -114 | -95.3 | -91.0 | -124 | -106 |
| Investing cash flow | -85.8 | -48.2 | -276 | -95.6 | -474 | -86.4 | -76.4 | -115 | -97.8 | -93.6 | -126 | -109 |
| Financing cash flow | -41.5 | -471 | -686 | 52.1 | 165 | -382 | -435 | -64.1 | -212 | -308 | -348 | -86.6 |
| Share repurchases | -248 | -556 | -198 | -225 | -110 | -383 | -238 | -264 | -213 | -313 | -155 | -282 |
| Debt issued | 1,243 | 116 | 573 | 1,048 | 594 | — | — | 200 | — | — | — | 195 |
| Debt repaid | -1,048 | -32.3 | -1,064 | -786 | -333 | — | -200 | — | — | — | -195 | — |
| Effect of exchange rates | -0.3 | -0.2 | 0.3 | — | — | — | — | — | — | — | — | — |
| Net change in cash | -7.8 | -258 | 219 | -37.8 | -212 | -249 | 525 | -236 | -111 | -242 | 645 | -267 |
| Free cash flow | 38.4 | 204 | 989 | -81.6 | 19.6 | 141 | 963 | -171 | 104 | 68.3 | 994 | -177 |
| Levered free cash flow | -29.7 | 158 | 869 | -83.4 | 28.4 | 82.8 | 945 | -210 | 58.3 | -18.2 | 897 | -218 |