Income StatementBalance SheetCash FlowSegments
Ulta Beauty, Inc. logo

Ulta Beauty, Inc. Business Segments

Business, geographic, and product segment breakdowns

Ulta Beauty, Inc. generates $12.7B in annual revenue across 3 key segments: GB (332), IE (8), and US (1.5K). The company-wide operating margin is 12.43%. Based on the Q2 2026 filing.

GB (TTM)332.00IE (TTM)8.00US1521.00
Latest FilingQ2 2026
Report Date2026-06-02
Market Cap$22.2B
P/E Ratio18.64
ROE47.45%

Products & Services

Concentration Risk %

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cosmetics—40.0%38.0%41.0%—40.0%
Skincare—25.0%25.0%24.0%—24.0%
Haircare Products And Styling Tools—18.0%19.0%19.0%—18.0%
Fragrance And Bath3.0%11.0%12.0%11.0%2.0%12.0%
Services—4.0%4.0%3.0%—4.0%
Other Products And Services—2.0%2.0%2.0%—2.0%

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gift Card Breakage$6.1M$6.7M$6.7M$6.7M$6.7M—

Geographic

Number Of Stores

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
US————1505.001521.00
GB——81.0082.0084.0085.00
IE——2.002.002.002.00

Business Segments

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue—$2.8B———$3.2B
Cost of Revenue—$1.7B———$1.9B
Salaries Wages And Officers Compensation—$387.2M———$438.0M
Net Income (Common)—$305.1M———$340.5M
Other Expenses—$232.9M———$283.6M
Income Tax—$99.6M———$106.9M
Advertising Expense—$90.6M———$93.1M
D&A—$72.0M———$81.4M
Pre Opening Costs—$1.8M———$4.7M
Income Loss From Equity Method Investments—-$628.0K———-$1.6M
Interest Income Expense Nonoperating Net—$3.5M———$652.0K