• Ulta Beauty average pre-tax profit margin for 2023 was 15.58%, a 0.83% decline from 2022.
• Ulta Beauty average pre-tax profit margin for 2022 was 15.71%, a 58.37% decline from 2021.
• Ulta Beauty average pre-tax profit margin for 2021 was 9.92%, a 28.33% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.