Ulta Beauty Gross Margin 2010-2025 | ULTA
- Ulta Beauty average gross margin for 2024 was 38.85%, a 1.47% decline from 2023.
- Ulta Beauty average gross margin for 2023 was 39.43%, a 0.18% decline from 2022.
- Ulta Beauty average gross margin for 2022 was 39.36%, a 10.66% increase from 2021.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.