The Filings Report

Ulta Beauty, Inc. Common Stock

ULTANasdaqCIK 1403568Consumer Cyclical / Specialty Retailfiscal year ends January66 quarters since 2010

Revenue, Q2 FY2027
$3.0B
+8.9% on Q2 FY2026
Net income
$282M
+8.1% on Q2 FY2026
Free cash flow
$38M
+96.5% on Q2 FY2026
Diluted EPS
$6.55
+13.3% on Q2 FY2026
Revenue, TTM
$13.0B
trailing four quarters
Net margin, TTM
9.3%
net income $1.2B
Free cash flow, TTM
$1.1B
$1.6B less $418M capex
Cash and equivalents
$158M
long-term debt —, Aug 1, 2026
Shares, 12-month change
−4.6%
43M shares, Aug 1, 2026
Buybacks, TTM
$1.2B
4.4% of market value
Dividends, TTM
—
no yield
Market value
$27.4B
at the close, buybacks

Latest quarter Q2 FY2027, filed August 27, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2027, the quarter ended August 1, 2026, Ulta Beauty, Inc. Common Stock reported revenue of $3.0B, +8.9% on Q2 FY2026, and net income of $282M (+8.1%). Operating margin was 12.5%. Free cash flow, operating cash flow less capital expenditures, was $38M ($120M less $81M). Diluted earnings per share were $6.55.

The last 16 quarters

Q3 FY2023 to Q2 FY2027, through the filing of August 27, 2026.

Revenue and net incomeRevenueNet income
$0$1B$2B$3B$4BQ3'23, Revenue: $2.3BQ3'23, Net income: $275MQ3'23Q4'23, Revenue: $3.2BQ4'23, Net income: $341MQ4'23Q1'24, Revenue: $2.6BQ1'24, Net income: $347MQ1'24Q2'24, Revenue: $2.5BQ2'24, Net income: $300MQ2'24Q3'24, Revenue: $2.5BQ3'24, Net income: $249MQ3'24Q4'24, Revenue: $3.6BQ4'24, Net income: $394MQ4'24Q1'25, Revenue: $2.7BQ1'25, Net income: $313MQ1'25Q2'25, Revenue: $2.6BQ2'25, Net income: $253MQ2'25Q3'25, Revenue: $2.5BQ3'25, Net income: $242MQ3'25Q4'25, Revenue: $3.5BQ4'25, Net income: $393MQ4'25Q1'26, Revenue: $2.8BQ1'26, Net income: $305MQ1'26Q2'26, Revenue: $2.8BQ2'26, Net income: $261MQ2'26Q3'26, Revenue: $2.9BQ3'26, Net income: $231MQ3'26Q4'26, Revenue: $3.9BQ4'26, Net income: $357MQ4'26Q1'27, Revenue: $3.2BQ1'27, Net income: $340MQ1'27Q2'27, Revenue: $3.0BQ2'27, Net income: $282MQ2'27$0$1B$2B$3B$4BQ3'23, Revenue: $2.3BQ3'23, Net income: $275MQ4'23, Revenue: $3.2BQ4'23, Net income: $341MQ4'23Q1'24, Revenue: $2.6BQ1'24, Net income: $347MQ2'24, Revenue: $2.5BQ2'24, Net income: $300MQ2'24Q3'24, Revenue: $2.5BQ3'24, Net income: $249MQ4'24, Revenue: $3.6BQ4'24, Net income: $394MQ4'24Q1'25, Revenue: $2.7BQ1'25, Net income: $313MQ2'25, Revenue: $2.6BQ2'25, Net income: $253MQ2'25Q3'25, Revenue: $2.5BQ3'25, Net income: $242MQ4'25, Revenue: $3.5BQ4'25, Net income: $393MQ4'25Q1'26, Revenue: $2.8BQ1'26, Net income: $305MQ2'26, Revenue: $2.8BQ2'26, Net income: $261MQ2'26Q3'26, Revenue: $2.9BQ3'26, Net income: $231MQ4'26, Revenue: $3.9BQ4'26, Net income: $357MQ4'26Q1'27, Revenue: $3.2BQ1'27, Net income: $340MQ2'27, Revenue: $3.0BQ2'27, Net income: $282MQ2'27

Net income losses drawn in red.

Free cash flow
−$500M$0$500M$1.0BQ3'23, Free cash flow: −$51MQ3'23Q4'23, Free cash flow: $800MQ4'23Q1'24, Free cash flow: $195MQ1'24Q2'24, Free cash flow: $29MQ2'24Q3'24, Free cash flow: −$177MQ3'24Q4'24, Free cash flow: $994MQ4'24Q1'25, Free cash flow: $68MQ1'25Q2'25, Free cash flow: $104MQ2'25Q3'25, Free cash flow: −$171MQ3'25Q4'25, Free cash flow: $963MQ4'25Q1'26, Free cash flow: $141MQ1'26Q2'26, Free cash flow: $20MQ2'26Q3'26, Free cash flow: −$82MQ3'26Q4'26, Free cash flow: $989MQ4'26Q1'27, Free cash flow: $204MQ1'27Q2'27, Free cash flow: $38MQ2'27−$500M$0$500M$1.0BQ3'23, Free cash flow: −$51MQ4'23, Free cash flow: $800MQ4'23Q1'24, Free cash flow: $195MQ2'24, Free cash flow: $29MQ2'24Q3'24, Free cash flow: −$177MQ4'24, Free cash flow: $994MQ4'24Q1'25, Free cash flow: $68MQ2'25, Free cash flow: $104MQ2'25Q3'25, Free cash flow: −$171MQ4'25, Free cash flow: $963MQ4'25Q1'26, Free cash flow: $141MQ2'26, Free cash flow: $20MQ2'26Q3'26, Free cash flow: −$82MQ4'26, Free cash flow: $989MQ4'26Q1'27, Free cash flow: $204MQ2'27, Free cash flow: $38MQ2'27

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$200M$400M$600M$800MQ3'23, Cash and equivalents: $251MQ3'23Q4'23, Cash and equivalents: $738MQ4'23Q1'24, Cash and equivalents: $636MQ1'24Q2'24, Cash and equivalents: $389MQ2'24Q3'24, Cash and equivalents: $122MQ3'24Q4'24, Cash and equivalents: $767MQ4'24Q1'25, Cash and equivalents: $525MQ1'25Q2'25, Cash and equivalents: $414MQ2'25Q3'25, Cash and equivalents: $178MQ3'25Q4'25, Cash and equivalents: $703MQ4'25Q1'26, Cash and equivalents: $455MQ1'26Q2'26, Cash and equivalents: $243MQ2'26Q3'26, Cash and equivalents: $205MQ3'26Q4'26, Cash and equivalents: $424MQ4'26Q1'27, Cash and equivalents: $166MQ1'27Q2'27, Cash and equivalents: $158MQ2'27$0$200M$400M$600M$800MQ3'23, Cash and equivalents: $251MQ4'23, Cash and equivalents: $738MQ4'23Q1'24, Cash and equivalents: $636MQ2'24, Cash and equivalents: $389MQ2'24Q3'24, Cash and equivalents: $122MQ4'24, Cash and equivalents: $767MQ4'24Q1'25, Cash and equivalents: $525MQ2'25, Cash and equivalents: $414MQ2'25Q3'25, Cash and equivalents: $178MQ4'25, Cash and equivalents: $703MQ4'25Q1'26, Cash and equivalents: $455MQ2'26, Cash and equivalents: $243MQ2'26Q3'26, Cash and equivalents: $205MQ4'26, Cash and equivalents: $424MQ4'26Q1'27, Cash and equivalents: $166MQ2'27, Cash and equivalents: $158MQ2'27

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2027 filed August 27, 2026.

Ulta Beauty, Inc. Common Stock income statement, quarterly
Millions of dollarsQ2 FY2027ended Aug 1, 2026filed Aug 27, 2026Q1 FY2027ended May 2, 2026filed Jun 2, 2026Q4 FY2026ended Jan 31, 2026filed Mar 26, 2026Q3 FY2026ended Nov 1, 2025filed Dec 4, 2025Q2 FY2026ended Aug 2, 2025filed Aug 28, 2025Q1 FY2026ended May 3, 2025filed May 29, 2025Q4 FY2025ended Feb 1, 2025filed Mar 27, 2025Q3 FY2025ended Nov 2, 2024filed Dec 5, 2024YoYQ2 FY2027vs Q2 FY2026
Revenue3,0363,1643,8982,8582,7882,8483,4882,530+8.9%
Cost of revenue1,8491,8962,4151,7021,6971,7342,1541,524+9.0%
Gross profit1,1871,2681,4841,1561,0921,1141,3341,006+8.7%
Research and development—————————
Selling, general and administrative8038151,003841742711816682+8.2%
Operating income380448477309345402516319+10.1%
Other income (expense)—————————
Pretax income376449474305346405518320+8.6%
Income tax92107116738510012578+8.4%
Net income282340357231261305393242+8.1%
Diluted EPS ($)6.557.74—5.145.786.70—5.14+13.3%
Diluted shares (millions)4344—454546—47—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2027 filed August 27, 2026.

Ulta Beauty, Inc. Common Stock balance sheet, quarterly
Millions of dollarsQ2 FY2027ended Aug 1, 2026filed Aug 27, 2026Q1 FY2027ended May 2, 2026filed Jun 2, 2026Q4 FY2026ended Jan 31, 2026filed Mar 26, 2026Q3 FY2026ended Nov 1, 2025filed Dec 4, 2025Q2 FY2026ended Aug 2, 2025filed Aug 28, 2025Q1 FY2026ended May 3, 2025filed May 29, 2025Q4 FY2025ended Feb 1, 2025filed Mar 27, 2025Q3 FY2025ended Nov 2, 2024filed Dec 5, 2024YoYQ2 FY2027vs Q2 FY2026
Cash and equivalents158166424205243455703178−34.7%
Short-term investments555570——————
Total current assets3,0693,0223,1443,3713,0692,9403,0292,955−0.0%
Total assets6,9646,8956,9997,0126,6315,9876,0025,958+5.0%
Total current liabilities2,2812,3042,2242,5382,2011,7641,7791,816+3.7%
Long-term debt—————————
Total liabilities4,3204,3144,1964,3794,0273,5563,5133,629+7.3%
Stockholders’ equity2,6442,5812,8032,6332,6042,4302,4882,329+1.5%
Shares outstanding (millions)4343444445454546—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2027 filed August 27, 2026.

Ulta Beauty, Inc. Common Stock cash flow statement, quarterly
Millions of dollarsQ2 FY2027ended Aug 1, 2026filed Aug 27, 2026Q1 FY2027ended May 2, 2026filed Jun 2, 2026Q4 FY2026ended Jan 31, 2026filed Mar 26, 2026Q3 FY2026ended Nov 1, 2025filed Dec 4, 2025Q2 FY2026ended Aug 2, 2025filed Aug 28, 2025Q1 FY2026ended May 3, 2025filed May 29, 2025Q4 FY2025ended Feb 1, 2025filed Mar 27, 2025Q3 FY2025ended Nov 2, 2024filed Dec 5, 2024YoYQ2 FY2027vs Q2 FY2026
Operating cash flow1202621,1816972201,037(57)+24.0%
Capital expenditures815819287777974114+5.6%
Free cash flow (CFO − capex)38204989(82)20141963(171)+96.5%
Depreciation and amortization8181827671727067+14.3%
Share repurchases248545197225109370238264+126.5%
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2026 filed March 26, 2026.

Income statement

Ulta Beauty, Inc. Common Stock income statement, annual
Millions of dollarsFY2026ended Jan 31, 2026filed Mar 26, 2026FY2025ended Feb 1, 2025filed Mar 27, 2025FY2024ended Feb 3, 2024filed Mar 26, 2024FY2023ended Jan 28, 2023filed Mar 24, 2023FY2022ended Jan 29, 2022filed Mar 25, 2022FY2021ended Jan 30, 2021filed Mar 26, 2021FY2020ended Feb 1, 2020filed Mar 27, 2020FY2019ended Feb 2, 2019filed Apr 2, 2019FY2018ended Feb 3, 2018filed Apr 3, 2018FY2017ended Jan 28, 2017filed Mar 28, 2017FY2016ended Jan 30, 2016filed Mar 30, 2016FY2015ended Jan 31, 2015filed Apr 1, 2015FY2014ended Feb 1, 2014filed Apr 2, 2014FY2013ended Feb 2, 2013filed Apr 3, 2013FY2012ended Jan 28, 2012filed Mar 28, 2012FY2011ended Jan 29, 2011filed Jun 7, 2011FY2010ended Jan 30, 2010filed Jun 7, 2011
Revenue12,39311,29611,20710,2098,6316,1527,3986,7175,8854,8553,9243,2412,6712,2201,7761,4551,223
Cost of revenue7,5486,9086,8266,1645,2624,2034,7174,3073,7883,1082,5402,1051,7291,4371,159971846
Gross profit4,8454,3874,3814,0453,3691,9492,6812,4092,0971,7471,3841,137941784617484377
Research and development—————————————————
Selling, general and administrative3,2962,8092,6952,3952,0621,5831,7611,5351,2871,074863712596489411358302
Operating income1,5331,5651,6781,6391,29723790185478565550641032828019611968
Other income (expense)—————————————————
Pretax income1,5311,5801,6961,6441,29623190685978765650741132828019611866
Income tax37437940540131055200201232246187154125107754727
Net income1,1531,2011,2911,2429861767066595554103202572031731207139
Diluted EPS ($)25.6425.3426.0324.0117.983.1112.1510.948.966.524.983.983.152.681.901.160.66
Diluted shares (millions)4547505255575860626364656464636159

Balance sheet

Ulta Beauty, Inc. Common Stock balance sheet, annual
Millions of dollarsFY2026ended Jan 31, 2026filed Mar 26, 2026FY2025ended Feb 1, 2025filed Mar 27, 2025FY2024ended Feb 3, 2024filed Mar 26, 2024FY2023ended Jan 28, 2023filed Mar 24, 2023FY2022ended Jan 29, 2022filed Mar 25, 2022FY2021ended Jan 30, 2021filed Mar 26, 2021FY2020ended Feb 1, 2020filed Mar 27, 2020FY2019ended Feb 2, 2019filed Apr 2, 2019FY2018ended Feb 3, 2018filed Apr 3, 2018FY2017ended Jan 28, 2017filed Mar 28, 2017FY2016ended Jan 30, 2016filed Mar 30, 2016FY2015ended Jan 31, 2015filed Apr 1, 2015FY2014ended Feb 1, 2014filed Apr 2, 2014FY2013ended Feb 2, 2013filed Apr 3, 2013FY2012ended Jan 28, 2012filed Mar 28, 2012FY2011ended Jan 29, 2011filed Jun 7, 2011FY2010ended Jan 30, 2010filed Jun 7, 2011
Cash and equivalents4247037677384321,0463924092773853463894193202541114
Short-term investments70————0110012030130150—————
Total current assets3,1443,0292,8372,7092,2812,5152,0551,9151,6941,5361,3751,2601,003789580404—
Total assets6,9996,0025,7075,3704,7645,0904,8643,1912,9092,5522,2311,9831,6031,275957730—
Total current liabilities2,2241,7791,6581,6821,5581,3441,137824642529396360267221165163—
Long-term debt—————————————————
Total liabilities4,1963,5133,4283,4113,2293,0902,9621,3711,1341,002788736600488373328—
Stockholders’ equity2,8032,4882,2791,9601,5352,0001,9021,8201,7741,5501,4431,2481,003787585403293
Shares outstanding (millions)444548505256565961626364646462——

Cash flow statement

Ulta Beauty, Inc. Common Stock cash flow statement, annual
Millions of dollarsFY2026ended Jan 31, 2026filed Mar 26, 2026FY2025ended Feb 1, 2025filed Mar 27, 2025FY2024ended Feb 3, 2024filed Mar 26, 2024FY2023ended Jan 28, 2023filed Mar 24, 2023FY2022ended Jan 29, 2022filed Mar 25, 2022FY2021ended Jan 30, 2021filed Mar 26, 2021FY2020ended Feb 1, 2020filed Mar 27, 2020FY2019ended Feb 2, 2019filed Apr 2, 2019FY2018ended Feb 3, 2018filed Apr 3, 2018FY2017ended Jan 28, 2017filed Mar 28, 2017FY2016ended Jan 30, 2016filed Mar 30, 2016FY2015ended Jan 31, 2015filed Apr 1, 2015FY2014ended Feb 1, 2014filed Apr 2, 2014FY2013ended Feb 2, 2013filed Apr 3, 2013FY2012ended Jan 28, 2012filed Mar 28, 2012FY2011ended Jan 29, 2011filed Jun 7, 2011FY2010ended Jan 30, 2010filed Jun 7, 2011
Operating cash flow1,5031,3391,4761,4821,0598101,101956779634376——239221177173
Capital expenditures4353744353121721522993194413732992492261891299768
Free cash flow (CFO − capex)1,0689641,0411,17088765880363733926177——509279105
Depreciation and amortization30126724424126829829627925321016513210688766562
Share repurchases9011,0039969001,522115681616368344167403703——
Dividends paid—————————————62———

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$1M
2 sales by 2 insiders; officers and directors $1M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$2M
4 sales by 3 insiders; officers and directors $2M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 17, 2026Steelman KeciaPresident and CEOopen-market sale2,000$545.88$1M40,489Sep 21, 2026
Sep 11, 2026Nagler LornaDirectoropen-market sale600$537.31$322K7,168Sep 14, 2026
Sep 1, 2026Garcia Kelly EChief Technology Officeraward2,933$0.00—5,083Sep 3, 2026
Sep 1, 2026Olson Brieane LeeDirectoraward271$0.00—271Sep 2, 2026
Jun 15, 2026Mrkonic George R JRDirectoropen-market sale383$475.84$182K2,404Jun 16, 2026
Jun 10, 2026Smith Mike C.Directoraward404$0.00—2,667Jun 11, 2026
Jun 10, 2026Nagler LornaDirectoraward404$0.00—7,768Jun 11, 2026
Jun 10, 2026Mrkonic George R JRDirectoraward404$0.00—2,787Jun 11, 2026
Jun 10, 2026Landry Stephenie LeeDirectoraward404$0.00—681Jun 11, 2026
Jun 10, 2026Halligan Catherine AnnDirectoraward404$0.00—2,464Jun 11, 2026
Jun 10, 2026Garcia Kelly EDirectoraward404$0.00—2,150Jun 11, 2026
Jun 10, 2026Brok MartinDirectoraward404$0.00—1,681Jun 11, 2026
Apr 7, 2026Mrkonic George R JRDirectoropen-market sale452$539.29$244K2,383Apr 7, 2026
Mar 31, 2026Lialios ChristopherSVP, Controller (P. Acct Ofc.)award519$0.00—3,550Apr 2, 2026
Mar 31, 2026Steelman KeciaPresident and CEOaward10,889$0.00—42,489Apr 2, 2026
Mar 31, 2026Ryan Anita JaneChief Human Resources Officeraward1,443$0.00—9,141Apr 2, 2026
Mar 31, 2026DelOrefice ChristopherChief Financial Officeraward4,219$0.00—9,693Apr 2, 2026
Mar 31, 2026Casares Rene G.Chief Legal Officeraward1,263$0.00—3,116Apr 2, 2026
Mar 15, 2026Steelman KeciaPresident and CEOtax withholding1,491$535.72$799K31,600Mar 17, 2026
Mar 15, 2026Steelman KeciaPresident and CEOtax withholding393$535.72$211K33,091Mar 17, 2026
Mar 15, 2026Ryan Anita JaneChief Human Resources Officertax withholding80$535.75$43K7,887Mar 17, 2026
Mar 15, 2026Ryan Anita JaneChief Human Resources Officertax withholding189$535.75$101K7,698Mar 17, 2026
Feb 12, 2026Steelman KeciaPresident and CEOaward3,416$0.00—33,484Feb 17, 2026
Feb 12, 2026Ryan Anita JaneChief Human Resources Officeraward644$0.00—7,967Feb 17, 2026
Dec 15, 2025Halligan Catherine AnnDirectorgift340$0.00—2,060Dec 17, 2025

Full insider history for Ulta Beauty, Inc. Common Stock, or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 1; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
ULTA BEAUTY, INC., CIK 1403568 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues, SalesRevenueNet
Cost of revenue: CostOfGoodsAndServicesSold, CostOfRevenue
Gross profit: GrossProfit
Research and development: not filed
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): not filed
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: ShortTermInvestments
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/ULTA.json