Flagship explainer
How ULTA BEAUTY, INC. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $12.4B | 100% |
| |
| Cost of revenue | $7.5B | 61% |
|
| $4.8B | 39% |
| |
| $1.5B | 12% |
| |
| Income before tax | $1.5B | 12% |
|
| Income tax | $374M | 3% |
|
| $1.2B | 9% |
|
Source:
- SEC filing · FY 2026Filing detailsAccession 0001104659-26-035243