Ulta Beauty, Inc. (ULTA) income statement
NASDAQ · Consumer Cyclical · Specialty Retail · 65,000 employees · CEO Kecia L. Steelman
- Price
- $644.76 -0.78%
- Market cap
- $27.6B
- Enterprise value
- $29.9B
- Last report
- Q2 '26 filed 2026-08-27
- Next report
- 2026-12-03 EPS est. $5.63
Ulta Beauty, Inc. (ULTA) reported revenue of $3.04B for Q2 '26 (+8.9% year on year), operating income of $384M (12.7% of revenue) and net income of $282M. Over the last four quarters revenue was $13B.
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 | $2.49B | $3.55B | $2.73B | $2.55B | $2.53B | $3.49B | $2.85B | $2.79B | $2.86B | $3.9B | $3.16B | $3.04B | |
| Cost of revenue | $1.5B | $2.21B | $1.66B | $1.57B | $1.52B | $2.15B | $1.73B | $1.7B | $1.7B | $2.41B | $1.9B | $1.85B | |
| Gross profit | $992M | $1.34B | $1.07B | $978M | $1.01B | $1.33B | $1.11B | $1.09B | $1.16B | $1.48B | $1.27B | $1.19B | |
| Operating expenses | $661M | $820M | $666M | $645M | $682M | $816M | $711M | $742M | $841M | $1B | $815M | $803M | |
| Operating income | $331M | $520M | $404M | $333M | $323M | $518M | $404M | $350M | $315M | $481M | $448M | $384M | |
| Interest income | $2.5M | $3.33M | $6.9M | $4.53M | $1.67M | $1.99M | $3.55M | $1.41M | $0 | $0 | $0 | $0 | |
| Interest expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.12M | $2.62M | $652K | $3.68M | |
| Other non-operating income (gains on investments, FX ...) | $963K | -$214K | -$3.98M | -$371K | $3.21M | -$262K | -$1.72M | $3.69M | $5.33M | $3.56M | -$1.3M | $0 | |
| Total non-operating income | -$963K | $214K | $3.98M | $371K | -$3.21M | $262K | $1.09M | -$4.29M | -$10.4M | -$6.19M | $652K | -$10.3M | |
| Income before tax | $330M | $520M | $408M | $334M | $320M | $518M | $405M | $346M | $304M | $474M | $449M | $374M | |
| Income tax | $80.2M | $126M | $94.7M | $81.2M | $78M | $125M | $99.6M | $84.8M | $73.4M | $116M | $107M | $91.9M | |
| Net income | $249M | $394M | $313M | $253M | $242M | $393M | $305M | $261M | $231M | $357M | $340M | $282M | |
| EPS (basic) | $5.09 | $8.13 | $6.51 | $5.32 | $5.16 | $8.50 | $6.72 | $5.80 | $5.16 | $8.04 | $7.78 | $6.57 | |
| EPS (diluted) | $5.07 | $8.08 | $6.47 | $5.30 | $5.14 | $8.46 | $6.70 | $5.78 | $5.14 | $8.02 | $7.74 | $6.57 | |
| Shares (basic, weighted) | 49M | 48.5M | 48.1M | 47.5M | 46.9M | 46.3M | 45.4M | 45M | 44.7M | 44.8M | 43.8M | 43.4M | |
| Shares (diluted, weighted) | 49.2M | 48.8M | 48.4M | 47.7M | 47.1M | 46.5M | 45.5M | 45.1M | 44.9M | 45M | 44M | 43.5M | |
| Depreciation & amortization | $61.4M | $62.6M | $64.7M | $65.3M | $67M | $70M | $72M | $71.2M | $75.8M | $81.8M | $81.4M | $81.3M | |
| EBITDA | $391M | $583M | $473M | $399M | $387M | $588M | $477M | $417M | $385M | $559M | $531M | $465M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.85B | $5.88B | $6.72B | $7.4B | $6.15B | $8.63B | $10.2B | $11.2B | $11.3B | $12.4B | |
| Cost of revenue | $3.11B | $3.79B | $4.31B | $4.72B | $4.2B | $5.26B | $6.16B | $6.83B | $6.91B | $7.55B | |
| Gross profit | $1.75B | $2.1B | $2.41B | $2.68B | $1.95B | $3.37B | $4.04B | $4.38B | $4.39B | $4.85B | |
| Operating expenses | $1.07B | $1.29B | $1.54B | $1.76B | $1.64B | $2.12B | $2.4B | $2.69B | $2.81B | $3.3B | |
| Operating income | $673M | $810M | $874M | $920M | $314M | $1.25B | $1.65B | $1.69B | $1.58B | $1.55B | |
| Interest income | $890K | $1.57M | $5.06M | $5.06M | $0 | $0 | $4.93M | $17.6M | $15.1M | $0 | |
| Interest expense | $0 | $0 | $0 | $0 | $5.74M | $1.66M | $0 | $0 | $0 | $1.79M | |
| Other non-operating income (gains on investments, FX ...) | $17.7M | $22.7M | $14.7M | $14.2M | $76.9M | -$46.9M | $5.67M | -$9.11M | -$1.41M | $15.8M | |
| Total non-operating income | -$17.7M | -$22.7M | -$14.7M | -$14.2M | -$82.7M | $45.2M | -$5.67M | $9.11M | $1.41M | -$17.6M | |
| Income before tax | $656M | $787M | $859M | $906M | $231M | $1.3B | $1.64B | $1.7B | $1.58B | $1.53B | |
| Income tax | $246M | $232M | $201M | $200M | $55.3M | $310M | $401M | $405M | $379M | $374M | |
| Net income | $410M | $555M | $659M | $706M | $176M | $986M | $1.24B | $1.29B | $1.2B | $1.15B | |
| EPS (basic) | $6.55 | $9.02 | $11.00 | $12.21 | $3.12 | $18.09 | $24.17 | $26.18 | $25.44 | $25.72 | |
| EPS (diluted) | $6.52 | $8.96 | $10.94 | $12.15 | $3.11 | $17.98 | $24.01 | $26.03 | $25.34 | $25.64 | |
| Shares (basic, weighted) | 62.5M | 61.6M | 59.9M | 57.8M | 56.4M | 54.5M | 51.4M | 49.3M | 47.2M | 44.8M | |
| Shares (diluted, weighted) | 62.9M | 62M | 60.2M | 58.1M | 56.6M | 54.8M | 51.7M | 49.6M | 47.4M | 45M | |
| Depreciation & amortization | $210M | $253M | $279M | $296M | $298M | $268M | $241M | $244M | $267M | $301M | |
| EBITDA | $866M | $1.04B | $1.14B | $1.2B | $535M | $1.57B | $1.88B | $1.94B | $1.85B | $1.83B |
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 2026-08-01, 10-Q 2026-05-02, 10-K 2026-01-31, 10-Q 2025-11-01, 10-Q 2025-08-02, 10-Q 2025-05-03, 10-K 2025-02-01, 10-Q 2024-11-02, 10-Q 2024-08-03
Data as of 2026-11-09