Ulta Beauty (ULTA) Revenue — Quarter Ended May 2, 2026
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Key takeaway
Quarter ended May 2, 2026 · FY2026 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.2B
Revenue reported for this quarter.
Quarter-over-quarter
-18.8%
Change from the immediately preceding quarter.
Year-over-year
+11.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 2, 2025 | $2.8B | +9.3% |
| Nov 1, 2025 | $2.9B | +12.9% |
| Jan 31, 2026 | $3.9B | +11.8% |
| May 2, 2026 | $3.2B | +11.1% |
Revenue performance
The reported revenue moved lower on a sequential basis while posting a year-over-year gain. This mixed directional performance reflects the quarter-specific results.
Quarterly comparison
Compared to the prior quarter, revenue declined. Compared to the same quarter a year ago, revenue rose. The quarter-over-quarter decrease is notable, while the annual increase indicates continued expansion.
What to watch
The sequential revenue drop may be a point of focus for the company's near-term performance.