Companies / ULTA

Ulta Beauty, Inc. (ULTA) financials and KPIs

Ulta Beauty, Inc. reported revenue of $12.39B for fiscal 2025, up 9.7% from fiscal 2024. Net income was $1.15B and free cash flow was $1.07B.

Annual results

Fiscal year20212022202320242025
Revenue$8.63B$10.21B$11.21B$11.30B$12.39B
Operating income$1.30B$1.64B$1.68B$1.56B$1.53B
Net income$985.84M$1.24B$1.29B$1.20B$1.15B
Cash from operations$1.06B$1.48B$1.48B$1.34B$1.50B
Free cash flow$887.08M$1.17B$1.04B$964.15M$1.07B

Quarterly results

Fiscal quarterQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$2.53B$3.49B$2.85B$2.79B$2.86B$3.90B$3.16B$3.04B
Net income$242.18M$393.27M$305.05M$260.88M$230.88M$356.68M$340.47M$282.01M
Diluted EPS$5.14$8.46$6.70$5.78$5.14$8.01$7.74—

Operating KPIs

As Ulta Beauty, Inc. reports them, quarter by quarter.

Fiscal quarterQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Comparable sales average ticket growth0.1%3%2.3%2.9%3.8%4.2%3.7%3.9%
Comparable sales growth0.6%1.5%2.9%6.7%6.3%2.5%5.3%6.7%
Salon Comparable Sales Growth0.6%1.5%2.9%6.7%6.3%5.8%5.3%3.8%
Total Stores Open at End of Quarter1,4371,4451,4511,4731,5001,5911,6081,622

Sources

Figures come from Ulta Beauty, Inc.'s SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.

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