Ulta Beauty Income Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 1, 2025	Feb '25 Feb 1, 2025	Feb '24 Feb 3, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022	Jan '21 Jan 30, 2021
Revenue	11,982	11,296	11,207	10,209	8,631	6,152
Revenue Growth (YoY)	5.45%	0.79%	9.78%	18.28%	40.29%	-16.84%
Cost of Revenue	6,842	6,463	6,393	5,758	4,873	3,817
Gross Profit	5,141	4,833	4,814	4,450	3,758	2,334
Selling, General & Admin	3,554	3,254	3,128	2,801	2,451	1,968
Operating Expenses	3,568	3,268	3,136	2,812	2,460	1,983
Operating Income	1,572	1,565	1,678	1,639	1,297	351.14
Interest Expense	-	-	-	-	-1.66	-5.74
Interest & Investment Income	2.83	15.09	17.62	4.93	-	-
EBT Excluding Unusual Items	1,573	1,580	1,696	1,644	1,296	345.41
Merger & Restructuring Charges	-	-	-	-	-	-72.37
Asset Writedown	-	-	-	-	-	-41.95
Pretax Income	1,573	1,580	1,696	1,644	1,296	231.09
Income Tax Expense	382.92	378.95	404.65	401.14	309.99	55.25
Net Income	1,190	1,201	1,291	1,242	985.84	175.84
Net Income to Common	1,190	1,201	1,291	1,242	985.84	175.84
Net Income Growth	-1.01%	-6.96%	3.91%	26.03%	460.66%	-75.09%
Shares Outstanding (Basic)	45	47	49	51	54	56
Shares Outstanding (Diluted)	45	47	50	52	55	57
Shares Change (YoY)	-5.23%	-4.42%	-4.14%	-5.66%	-3.04%	-2.66%
EPS (Basic)	26.25	25.44	26.18	24.17	18.09	3.12
EPS (Diluted)	26.17	25.34	26.03	24.01	17.98	3.11
EPS Growth	4.50%	-2.65%	8.41%	33.54%	478.13%	-74.40%
Free Cash Flow	1,042	964.15	1,041	1,170	887.08	658.49
Free Cash Flow Per Share	22.90	20.34	20.99	22.61	16.18	11.64
Gross Margin	42.90%	42.78%	42.95%	43.59%	43.54%	37.95%
Operating Margin	13.12%	13.86%	14.97%	16.05%	15.03%	5.71%
Profit Margin	9.93%	10.63%	11.52%	12.17%	11.42%	2.86%
Free Cash Flow Margin	8.69%	8.54%	9.29%	11.46%	10.28%	10.70%
EBITDA	1,861	1,832	1,921	1,879	1,565	647.99
EBITDA Margin	15.53%	16.22%	17.14%	18.41%	18.13%	10.53%
D&A For EBITDA	288.65	266.74	242.95	240.36	267.53	296.85
EBIT	1,572	1,565	1,678	1,639	1,297	351.14
EBIT Margin	13.12%	13.86%	14.97%	16.05%	15.03%	5.71%
Effective Tax Rate	24.34%	23.98%	23.86%	24.41%	23.92%	23.91%
Advertising Expenses	-	431.46	422.78	374.73	387.79	281.57

Source: S&P Global Market Intelligence. Standard template. Financial Sources.