Company / Operating Income
Ulta Beauty Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$1.5B
FY2025
5-year range
$236.8M / $1.7B
FY2021-FY2025
Trend
-2.0%
vs FY2024
Sector context
#28 of 205
Consumer Discretionary
What the data says
Ulta Beauty's operating income of $1.5B is higher than 86% of companies in the Consumer Discretionary sector (FY2025). Operating Income has fluctuated over the past 10 years, ranging from $237M in FY2022 to $1.7B in FY2023.
Based on SEC 10-K filings.
$1.5B in FY2025 with a 5-year CAGR of +12.4%. Top quartile in the Consumer Discretionary sector.
Declined from $1.7B to $1.5B over the past 2 years.
Consumer Discretionary sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +86.4%
- 5-Year CAGR
- +12.4%
- 10-Year CAGR
- -
Sector benchmark
+34.4% above sector average
Key checks
Key Insights
- 5-year CAGR of +12.4%, indicating consistent growth.
- In FY2025, operating income decreased 2.0% year-over-year.
- Ranks #28 out of 205 companies in the Consumer Discretionary sector.
- Peak operating income was recorded in FY2023.
Company context
Key Data Points
- Altman Z-Score 3.51 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 45.2%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.5B | -2.0% |
| FY2024 | $1.6B | -6.7% |
| FY2023 | $1.7B | +608.6% |
| FY2022 | $236.8M | -73.7% |
| FY2021 | $901.1M | +5.5% |
| FY2020 | $854.1M | +8.8% |
| FY2019 | $785.3M | +19.9% |
| FY2018 | $654.8M | +29.3% |
| FY2017 | $506.3M | +23.4% |
| FY2016 | $410.4M | +25.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026