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lululemon athletica LULU Operating Income

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Segments

By segment

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Americas$408.48M-30.7%
China Mainland$221.98M
Rest of World$69.42M-4.7%

Other financials

Income statement

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Revenue$2.5B+4.3%
Gross profit$1.3B-3.2%
Net income$195.0M-38.0%
EPS (diluted)$1.69-35.0%

Balance sheet

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Cash & equivalents$1.5B+14.3%
Total debt$2.1B+25.1%
Total equity$4.8B+12.5%
Total assets$8.5B+14.8%

Cash flow

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Operating cash flow$214.4M+280%
CapEx$127.4M-16.3%
Free cash flow$87.1M+132%

Valuation

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Market cap$13.32B-52.9%
Enterprise value$13.94B-51.3%
P/E9.1×-6.5×
P/S1.2×-1.4×

Profitability

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Gross margin55.7%-3.6pp
Operating margin18.3%-5.1pp
Net margin13%-3.8pp
FCF margin12.2%-5.4pp

Returns & leverage

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Return on equity32%-10.5pp
Debt / equity0.4×0.0×
Current ratio2.2×-0.1×

Where this comes from

Reported directly by lululemon athletica in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: lululemon athletica’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is lululemon athletica's operating income?
lululemon athletica (LULU) reported operating income of $276.95M in Q1 2026.
How has lululemon athletica's operating income changed year-over-year?
lululemon athletica's operating income decreased by 36.9% year-over-year, from $438.63M to $276.95M.
What is the long-term trend for lululemon athletica's operating income?
Over 4 years (2021 to 2025), lululemon athletica's operating income has grown at a 13.5% compound annual growth rate (CAGR), from $1.33B to $2.21B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.