Filing Flows › Ulta Beauty (ULTA) › Q2 FY27 › vs Q2 FY26
Ulta Beauty (ULTA) Q2 FY27 vs Q2 FY26 (year over year)
Ulta Beauty's revenue rose $247M (+9%) from $2.8B in Q2 FY26 to $3.0B in Q2 FY27. Gross margin 39.1% against 39.2% (-0.1 pts).
Ulta Beauty, Q2 FY27: revenue $3.0B (+9% year over year), operating margin 12.5%, net earnings $282M, operating cash flow $120M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 39.1% | 39.2% | -0.1 pts |
| Operating margin | 12.5% | 12.4% | +0.1 pts |
| Net margin | 9.3% | 9.4% | -0.1 pts |
| Free cash flow margin | 1.3% | 0.7% | +0.6 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $3.0B | $2.8B | $247M | +9% |
| Gross profit | $1.2B | $1.1B | $95.3M | +9% |
| Cost of revenue | $1.8B | $1.7B | $152M | +9% |
| Operating profit | $380M | $345M | $34.8M | +10% |
| Operating expenses | $807M | $747M | $60.5M | +8% |
| Pre-tax earnings | $374M | $346M | $27.6M | +8% |
| SG&A | $803M | $742M | $61.0M | +8% |
| Other operating costs | $4.5M | $5.1M | −$578K | -11% |
| Net earnings | $282M | $261M | $21.1M | +8% |
| Income tax | $91.9M | $84.8M | $7.1M | +8% |
| Depreciation & amortization | $81.3M | $71.2M | $10.2M | +14% |
| Working capital & other | $244M | $236M | $8.1M | +3% |
| Operating cash flow | $120M | $96.5M | $23.2M | +24% |
| Free cash flow (OCF − capex) | $38.4M | $19.6M | $18.9M | +96% |
| Capital expenditures | $81.3M | $77.0M | $4.3M | +6% |
Questions
How much did Ulta Beauty's revenue grow year over year in Q2 FY27?
Ulta Beauty's revenue rose $247M (+9%) from $2.8B in Q2 FY26 to $3.0B in Q2 FY27. Gross margin 39.1% against 39.2% (-0.1 pts).