--- title: "Ulta Beauty: Metrics Guide" description: "Ulta Beauty revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/ulta-beauty/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Ulta Beauty: Financial & Operating Metrics Guide ## Direct Answer Ulta Beauty reported revenue of $12.4 billion for the fiscal year ended January 31, 2026, with an operating margin of 12.4% and net income of $1.2 billion, according to its SEC filings. Revenue grew 9.7% from the prior year. ## What Are Ulta Beauty's Key Financial Figures? | Fiscal year | FY2026ended January 31, 2026 | FY2025ended February 1, 2025 | FY2024ended February 3, 2024 | FY2023ended January 28, 2023 | | --- | --- | --- | --- | --- | | Revenue | $12.4 billion | $11.3 billion | $11.2 billion | $10.2 billion | | Operating income | $1.5 billion | $1.6 billion | $1.7 billion | $1.6 billion | | Operating margin | 12.4% | 13.9% | 15.0% | 16.1% | | Net income | $1.2 billion | $1.2 billion | $1.3 billion | $1.2 billion | | Net margin | 9.3% | 10.6% | 11.5% | 12.2% | | Operating cash flow | $1.5 billion | $1.3 billion | $1.5 billion | $1.5 billion | | Capital expenditures | $435 million | $374 million | $435 million | $312 million | | Free cash flow | $1.1 billion | $964 million | $1.0 billion | $1.2 billion | Operating margin narrowed by 1.5 percentage points between fiscal 2025 and 2026, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $1.1 billion against net income of $1.2 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of Ulta Beauty revenue, operating income, net income for fiscal 2023 to 2026. In fiscal 2026, revenue was $12.4 billion, operating income $1.5 billion and net income $1.2 billion.](https://www.getswoopr.com/images/charts/ulta-beauty-metrics-revenue-profit.webp) *Ulta Beauty revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Ulta Beauty operating margin and net margin for fiscal 2023 to 2026. In fiscal 2026, operating margin was 12.4% and net margin was 9.3%.](https://www.getswoopr.com/images/charts/ulta-beauty-metrics-margins.webp) *Ulta Beauty operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Ulta Beauty operating cash flow, capital expenditures, free cash flow for fiscal 2023 to 2026. In fiscal 2026, operating cash flow was $1.5 billion, capital expenditures was $435 million, free cash flow was $1.1 billion.](https://www.getswoopr.com/images/charts/ulta-beauty-metrics-cash-flow.webp) *Ulta Beauty operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Ulta Beauty's Balance Sheet Show? | Cash and cash equivalents | $424 million | | --- | --- | | Long-term debt | Not reported | | Total assets | $7.0 billion | | Total liabilities | $4.2 billion | | Shareholders' equity | $2.8 billion | | Current ratio | 1.4x | Balance sheet values are as of the end of fiscal 2026. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Ulta Beauty reported in its own SEC filings, read from the SEC's XBRL data (accession 0001104659-26-035243 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Ulta Beauty's revenue in fiscal 2026? Ulta Beauty reported revenue of $12.4 billion for the fiscal year ended January 31, 2026, according to its SEC filings. ### What is Ulta Beauty's operating margin? Ulta Beauty's operating margin was 12.4% in fiscal 2026: operating income of $1.5 billion on revenue of $12.4 billion. ### How much free cash flow did Ulta Beauty generate? Operating cash flow of $1.5 billion less capital expenditures of $435 million gives free cash flow of $1.1 billion for fiscal 2026. ## References - [SEC EDGAR: Ulta Beauty, Inc. Form 10-K filed March 26, 2026](https://www.sec.gov/Archives/edgar/data/1403568/000110465926035243/ulta-20260131x10k.htm) - [SEC EDGAR: Ulta Beauty, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1403568&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Ulta Beauty company dossier](https://www.getswoopr.com/stocks/companies/ulta-beauty/) - [Ulta Beauty financial metrics](https://www.getswoopr.com/stocks/companies/ulta-beauty/metrics/) - [Ulta Beauty financial risk indicators](https://www.getswoopr.com/stocks/companies/ulta-beauty/risks/) - [Ulta Beauty peer comparison](https://www.getswoopr.com/stocks/companies/ulta-beauty/competitors/) - [Ulta Beauty business model and revenue mix](https://www.getswoopr.com/stocks/companies/ulta-beauty/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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