lululemon athletica inc. LULU

101.30 (0.34) (0.33%) as of 25 Sep
Market cap
$11.8B
P/E
8.3×
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lululemon athletica inc. (LULU) Operating margin

lululemon athletica inc.'s operating margin over the twelve months to 31 July 2026 was 17.8%, down 2.1 percentage points from fiscal 2026 (19.9%). Over the past ten years it has ranged from 16.4% (fiscal 2023) to 23.7% (fiscal 2025); the current reading is higher than 50% of that period. That is above the Apparel Retail industry median of 2.50% and above the Consumer Cyclical sector median of 3.34%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2026 19.9% (3.76)
FY2025 23.7% 1.50
FY2024 22.2% 5.79
FY2023 16.4% (4.93)
FY2022 21.3% 2.68
FY2021 18.6% (3.71)
FY2020 22.3% 0.88
FY2019 21.5% 4.25
FY2018 17.2% (0.75)
FY2017 18.0% 0.05

Quarterly

Period Operating margin Change (points)
Jul 2026 18.8% 7.57
Apr 2026 11.2% (11.10)
Jan 2026 22.3% 5.32
Oct 2025 17.0% (3.75)
45 more quarters

Against its own ten years

Low 16.4% High 23.7%
Ten-year median 20.4%
Current reading's percentile 50

Operating margin against peers

Company Operating margin
BKE Buckle, Inc. (The) compare 20.8%
LULU lululemon athletica inc. 17.8%
ANF Abercrombie & Fitch Company compare 13.7%
BOOT Boot Barn Holdings, Inc. compare 13.6%
URBN Urban Outfitters, Inc. compare 11.3%
GAP The Gap, Inc. compare 11.0%
BURL Burlington Stores, Inc. compare 8.11%
VSXY Victoria's Secret & Co. compare 7.86%
AEO American Eagle Outfitters, Inc. compare 7.79%
Apparel Retail industry median 2.50%
Consumer Cyclical sector median 3.34%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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