Operating Income
Operating Income
Ulta Beauty, Inc. Operating Income increased by 54.1% to $476.94M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 7.6%, from $516.32M to $476.94M. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 4.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
Metric ID:
operating_incomeHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $305.32M | $332.31M | $284.24M | $375.62M | $437.71M | $391.43M | $361.86M | $447.62M | $442.07M | $391.64M | $327.23M | $517.09M | $400.95M | $329.20M | $318.50M | $516.32M | $401.78M | $344.85M | $309.42M | $476.94M |
| QoQ Change | — | +8.8% | -14.5% | +32.2% | +16.5% | -10.6% | -7.6% | +23.7% | -1.2% | -11.4% | -16.4% | +58.0% | -22.5% | -17.9% | -3.2% | +62.1% | -22.2% | -14.2% | -10.3% | +54.1% |
| YoY Change | — | — | — | — | +43.4% | +17.8% | +27.3% | +19.2% | +1.0% | +0.1% | -9.6% | +15.5% | -9.3% | -15.9% | -2.7% | -0.1% | +0.2% | +4.8% | -2.9% | -7.6% |
Range$284.24M – $517.09M
CAGR+9.8%
Avg YoY Growth+5.1%
Median YoY Growth+0.1%
Operating Income at Other Companies
Frequently Asked Questions
- What is Ulta Beauty, Inc.'s operating income?
- Ulta Beauty, Inc. (ULTA) reported operating income of $476.94M in Q4 2025.
- How has Ulta Beauty, Inc.'s operating income changed year-over-year?
- Ulta Beauty, Inc.'s operating income decreased by 7.6% year-over-year, from $516.32M to $476.94M.
- What is the long-term trend for Ulta Beauty, Inc.'s operating income?
- Over 4 years (2021 to 2025), Ulta Beauty, Inc.'s operating income has grown at a 4.3% compound annual growth rate (CAGR), from $1.30B to $1.53B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.