Filing Flows › Ulta Beauty (ULTA) › Q4 FY25
Ulta Beauty (ULTA) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 27, 2025
Ulta Beauty (ULTA) reported revenue of $3.5B for the fourth quarter fiscal 2025 (Q4 FY25), -2% from a year earlier and +38% from the quarter before. Operating margin was 14.8%, net earnings $393M (11.3% of revenue).
Ulta Beauty, Q4 FY25: revenue $3.5B (-2% year over year), operating margin 14.8%, net earnings $393M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | +38% | -2% |
| Gross profit | $1.3B | +33% | -0.5% |
| Operating profit | $516M | +62% | -0.1% |
| Net earnings | $393M | +62% | -0.3% |
| Operating cash flow | $1.0B | — | -7% |
| Free cash flow | $963M | — | -3% |
What changed
Revenue was $3.5B in Q4 FY25, down 2% year over year and up 38% from the previous quarter.
Gross margin was 38.2%, up 0.5 points from a year earlier. Operating profit was $0.52B, a 14.8% margin (up 0.3 points year over year). Operating expenses fell 1% while revenue fell 2%. Net earnings were $0.39B, roughly flat year over year. The effective tax rate was 24.1%.
Operating cash flow was $1.0B (down 7% year over year), 264% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization. Working capital and other items added $0.57B. Capital expenditures of $0.07B left free cash flow of $1.0B.
Questions
What was Ulta Beauty's revenue in the fourth quarter fiscal 2025?
Ulta Beauty (ULTA) reported revenue of $3.5B for the fourth quarter fiscal 2025 (Q4 FY25), -2% from a year earlier and +38% from the quarter before.
Was Ulta Beauty profitable in the fourth quarter fiscal 2025?
Operating profit was $516M (14.8% of revenue) and net earnings $393M.
Source: Ulta Beauty 10-K on SEC EDGAR.