Lululemon Athletica Inc. (LULU) income statement
NASDAQ · Consumer Cyclical · Apparel - Retail · 39,000 employees · CEO Heidi O'Neill
- Price
- $107.24 -2.35%
- Market cap
- $12.4B
- Enterprise value
- $13.2B
- Last report
- Q2 '26 filed 2026-09-03
- Next report
- 2026-12-10 EPS est. $0.97
Lululemon Athletica Inc. (LULU) reported revenue of $2.42B for Q2 '26 (-4.3% year on year), operating income of $454M (18.8% of revenue) and net income of $329M. Over the last four quarters revenue was $11.1B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B | $3.21B | $2.21B | $2.37B | $2.4B | $3.61B | $2.37B | $2.53B | $2.57B | $3.64B | $2.47B | $2.42B | |
| Cost of revenue | $948M | $1.3B | $934M | $959M | $995M | $1.43B | $988M | $1.05B | $1.14B | $1.64B | $1.13B | $954M | |
| Gross profit | $1.26B | $1.9B | $1.28B | $1.41B | $1.4B | $2.18B | $1.38B | $1.48B | $1.43B | $2B | $1.34B | $1.46B | |
| Sales & marketing | $0 | $430M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $0 | $556M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.01B | |
| Other operating expenses | $75.8M | $3.5M | $0 | $0 | $1.12M | $1.62M | $1.63M | $1.73M | $1.78M | $1.83M | $1.88M | $1.89M | |
| Operating expenses | $919M | $990M | $842M | $872M | $911M | $1.14B | $945M | $953M | $990M | $1.19B | $1.06B | $1.01B | |
| Operating income | $338M | $914M | $433M | $540M | $491M | $1.04B | $439M | $524M | $436M | $803M | $277M | $454M | |
| Other non-operating income (gains on investments, FX ...) | -$74.5M | -$17.8M | -$23.3M | -$18M | -$13.7M | -$15.4M | -$11.8M | -$9.74M | -$5.85M | -$20.1M | -$9.13M | -$13.7M | |
| Total non-operating income | $9.84M | $17.8M | $23.3M | $18M | $13.7M | $15.4M | $11.8M | $9.74M | $5.85M | $9.78M | $9.13M | $13.7M | |
| Income before tax | $348M | $932M | $456M | $558M | $504M | $1.06B | $450M | $534M | $442M | $813M | $286M | $467M | |
| Income tax | $99.2M | $262M | $135M | $165M | $153M | $309M | $136M | $163M | $135M | $226M | $91M | $138M | |
| Net income | $249M | $669M | $321M | $393M | $352M | $748M | $315M | $371M | $307M | $587M | $195M | $329M | |
| EPS (basic) | $1.97 | $5.30 | $2.55 | $3.15 | $2.87 | $6.15 | $2.61 | $3.10 | $2.59 | $4.97 | $1.69 | $2.92 | |
| EPS (diluted) | $1.96 | $5.29 | $2.54 | $3.15 | $2.87 | $6.14 | $2.60 | $3.10 | $2.59 | $4.97 | $1.69 | $2.92 | |
| Shares (basic, weighted) | 126M | 126M | 126M | 125M | 123M | 122M | 121M | 120M | 119M | 119M | 115M | 113M | |
| Shares (diluted, weighted) | 127M | 127M | 126M | 125M | 123M | 122M | 121M | 120M | 119M | 119M | 115M | 113M | |
| Depreciation & amortization | $98M | $103M | $95.8M | $104M | $114M | $134M | $115M | $120M | $127M | $135M | $135M | $142M | |
| EBITDA | $511M | $1.04B | $552M | $662M | $618M | $1.19B | $565M | $653M | $569M | $960M | $421M | $610M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.34B | $2.65B | $3.29B | $3.98B | $4.4B | $6.26B | $8.11B | $9.62B | $10.6B | $11.1B | |
| Cost of revenue | $1.14B | $1.25B | $1.47B | $1.76B | $1.94B | $2.65B | $3.62B | $4.01B | $4.32B | $4.82B | |
| Gross profit | $1.2B | $1.4B | $1.82B | $2.22B | $2.46B | $3.61B | $4.49B | $5.61B | $6.27B | $6.28B | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $542M | $618M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.22B | $3.45B | |
| Other operating expenses | $0 | $38.5M | $72K | $29K | $35M | $50.2M | $406M | $79.5M | $2.74M | $6.96M | |
| Operating expenses | $778M | $943M | $1.11B | $1.33B | $1.64B | $2.28B | $3.16B | $3.48B | $3.77B | $4.07B | |
| Operating income | $421M | $456M | $706M | $889M | $820M | $1.33B | $1.33B | $2.13B | $2.51B | $2.21B | |
| Other non-operating income (gains on investments, FX ...) | $0 | -$38.5M | $0 | $0 | -$29.8M | -$41.4M | -$398M | -$74.5M | -$70.4M | -$28.4M | |
| Total non-operating income | $1.58M | $4M | $9.41M | $8.28M | -$636K | $514K | $4.16M | $43.1M | $70.4M | $28.4M | |
| Income before tax | $423M | $460M | $715M | $897M | $819M | $1.33B | $1.33B | $2.18B | $2.58B | $2.24B | |
| Income tax | $119M | $201M | $231M | $252M | $230M | $359M | $478M | $626M | $761M | $660M | |
| Net income | $303M | $259M | $484M | $646M | $589M | $975M | $855M | $1.55B | $1.81B | $1.58B | |
| EPS (basic) | $2.21 | $1.90 | $3.63 | $4.95 | $4.52 | $7.52 | $6.70 | $12.23 | $14.67 | $13.27 | |
| EPS (diluted) | $2.21 | $1.90 | $3.61 | $4.93 | $4.50 | $7.49 | $6.68 | $12.20 | $14.64 | $13.26 | |
| Shares (basic, weighted) | 137M | 136M | 133M | 130M | 130M | 130M | 128M | 127M | 124M | 119M | |
| Shares (diluted, weighted) | 137M | 136M | 134M | 131M | 131M | 130M | 128M | 127M | 124M | 119M | |
| Depreciation & amortization | $87.7M | $108M | $122M | $162M | $185M | $224M | $292M | $379M | $447M | $496M | |
| EBITDA | $509M | $603M | $828M | $1.05B | $1.04B | $1.6B | $2.02B | $2.59B | $3.02B | $2.74B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-02, 10-Q 2026-05-03, 10-K 2026-02-01, 10-Q 2025-11-02, 10-Q 2025-08-03, 10-Q 2025-05-04, 10-K 2025-02-02, 10-Q 2024-10-27, 10-Q 2024-07-28
Data as of 2026-11-02