Lululemon Athletica Inc. (LULU) Income Statement
LULU FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsLULU revenue and net income
Where LULU's revenue goes
FY2026Each bar shows an amount and its share of revenue. LULU kept 14.2% of revenue as net income.
LULU profit margins
LULU growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.9% | +11.0% | +20.3% | +18.3% |
| Gross profit | +0.2% | +11.8% | +20.6% | +20.2% |
| Operating income | −11.8% | +18.5% | +21.9% | +19.6% |
| Net income | −13.0% | +22.7% | +21.8% | +19.5% |
| EPS (diluted) | −9.5% | +9.7% | +23.1% | +21.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LULU quarterly EPS vs estimates
Lululemon beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: December 10, 2026 (estimate $0.97).
LULU income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.10B | $10.59B | $9.62B | $8.11B | $6.26B | $4.40B | $3.98B | $3.29B | $2.65B | $2.34B |
| Cost of revenue | $4.82B | $4.32B | $4.01B | $3.62B | $2.65B | $1.94B | $1.47B | $1.47B | $1.25B | $1.14B |
| Gross profit | $6.28B | $6.27B | $5.61B | $4.49B | $3.61B | $2.46B | $1.82B | $1.82B | $1.40B | $1.20B |
| Sales, general & admin | $4.07B | $3.76B | $3.40B | $2.76B | $2.23B | $1.61B | $1.33B | $1.11B | $911.6M | $778.5M |
| Total operating expenses | $4.07B | $3.77B | $3.48B | $2.77B | $2.28B | $1.64B | $1.11B | $1.11B | $942.8M | $778.5M |
| Operating income | $2.21B | $2.51B | $2.13B | $1.33B | $1.33B | $820.0M | $705.8M | $705.8M | $456.0M | $421.2M |
| Interest expense | — | — | — | — | $82.3M | $60.3M | $170.2M | $9.4M | $73.1M | $1.6M |
| Income before taxes | $2.24B | $2.58B | $2.18B | $1.33B | $1.33B | $819.4M | $715.2M | $715.2M | $460.0M | $422.7M |
| Income taxes | $659.8M | $761.5M | $625.5M | $477.8M | $358.5M | $230.4M | $231.4M | $231.4M | $201.3M | $119.3M |
| Net income | $1.58B | $1.81B | $1.55B | $854.8M | $975.3M | $588.9M | $645.6M | $483.8M | $258.7M | $303.4M |
| EBITDA | $2.74B | $3.02B | $2.59B | $2.13B | $1.60B | $1.04B | $828.3M | $828.3M | $602.8M | $508.8M |
| EPS (diluted) | $13.30 | $14.70 | $12.78 | $10.08 | $7.56 | $4.70 | $4.94 | $3.86 | $2.60 | $2.15 |
| Gross margin | 56.6% | 59.2% | 58.3% | 55.4% | 57.7% | 56.0% | 45.6% | 55.2% | 52.8% | 51.2% |
| Operating margin | 19.9% | 23.7% | 22.2% | 16.4% | 21.3% | 18.6% | 17.7% | 21.5% | 17.2% | 18.0% |
| Net margin | 14.2% | 17.1% | 16.1% | 10.5% | 15.6% | 13.4% | 16.2% | 14.7% | 9.8% | 12.9% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.42B | $2.47B | $3.64B | $2.57B | $2.53B | $2.37B | $3.61B | $2.40B | $2.37B | $2.21B | $3.21B | $2.20B |
| Cost of revenue | $953.8M | $1.13B | $1.64B | $1.14B | $1.05B | $987.5M | $1.43B | $995.1M | $958.9M | $933.8M | $1.30B | $947.6M |
| Gross profit | $1.46B | $1.34B | $2.00B | $1.43B | $1.48B | $1.38B | $2.18B | $1.40B | $1.41B | $1.28B | $1.90B | $1.26B |
| Sales, general & admin | $1.01B | $1.06B | $1.18B | $988.3M | $951.7M | $942.9M | $1.14B | $909.8M | $872.0M | $842.4M | $986.0M | $842.8M |
| Total operating expenses | $1.01B | $1.06B | $1.19B | $990.0M | $953.4M | $944.5M | $1.14B | $910.9M | $872.0M | $842.4M | $989.5M | $918.5M |
| Operating income | $453.7M | $276.9M | $803.5M | $435.9M | $523.8M | $438.6M | $1.04B | $490.7M | $540.2M | $432.6M | $913.9M | $338.1M |
| Income before taxes | $467.4M | $286.1M | $813.3M | $441.7M | $533.6M | $450.4M | $1.06B | $504.4M | $558.2M | $455.9M | $931.7M | $348.0M |
| Income taxes | $138.1M | $91.0M | $226.4M | $134.9M | $162.6M | $135.8M | $309.1M | $152.5M | $165.3M | $134.5M | $262.3M | $99.2M |
| Net income | $329.2M | $195.0M | $586.9M | $306.8M | $370.9M | $314.6M | $748.4M | $351.9M | $392.9M | $321.4M | $669.5M | $248.7M |
| EBITDA | $609.7M | $421.4M | $959.6M | $569.2M | $653.3M | $564.9M | $1.19B | $618.0M | $661.8M | $551.7M | $1.04B | $510.6M |
| EPS (diluted) | $2.06 | $1.69 | $5.01 | $2.59 | $3.10 | $2.60 | $6.14 | $2.87 | $3.15 | $2.54 | $5.29 | $2.53 |
| Gross margin | 60.5% | 54.2% | 54.9% | 55.6% | 58.5% | 58.3% | 60.4% | 58.5% | 59.6% | 57.7% | 59.4% | 57.0% |
| Operating margin | 18.8% | 11.2% | 22.1% | 17.0% | 20.7% | 18.5% | 28.9% | 20.5% | 22.8% | 19.6% | 28.5% | 15.3% |
| Net margin | 13.6% | 7.9% | 16.1% | 12.0% | 14.7% | 13.3% | 20.7% | 14.7% | 16.6% | 14.6% | 20.9% | 11.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LULU's financial statements (latest annual report filed March 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LULU financial results
In fiscal year 2026 (ended January 31, 2026), Lululemon reported revenue of $11.1 billion, up 4.9% from the year before. It had net income of $1.6 billion (down 13.0%), a net profit margin of 14.2%. Diluted earnings per share came to $13.30. Over five years revenue grew at an average rate of 20.3% a year.
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LULU income statement FAQ
What is Lululemon's annual revenue?
Lululemon reported total revenue of $11.1 billion for fiscal year 2026, which ended on January 31, 2026. That was up 4.9% from $10.6 billion the previous year.
Is Lululemon profitable?
Yes. Lululemon reported net income of $1.6 billion in fiscal 2026, a net profit margin of 14.2%; its operating margin was 19.9%.
What is Lululemon's gross margin?
Lululemon's gross margin was 56.6% in fiscal 2026: for every $100 of revenue, Lululemon kept $57 after the direct cost of its products and services.
How fast is Lululemon growing?
Revenue grew 20.3% a year on average over the last five fiscal years, from $4.4 billion to $11.1 billion.
What are Lululemon's earnings per share?
Lululemon earned $13.30 per diluted share in fiscal 2026, compared with $14.70 a year earlier.
When will Lululemon report its next earnings?
Lululemon is expected to report results for the quarter ending October 31, 2026 on December 10, 2026 after the market closes.
When does Lululemon's fiscal year end?
Lululemon's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 17, 2026.