lululemon athletica inc. (LULU) closed fiscal year 2026 with a gross margin of 56.6 % and a net margin of 14.2 %.
lululemon athletica inc. (LULU) closed fiscal year 2026 with a gross margin of 56.6 % and a net margin of 14.2 %. The same year shows an EBITDA margin of 24.4 % and an EBIT margin of 19.9 %. The free cash flow margin was 8.3 %. Against the previous year the gross margin moved −2.6 pp and the net margin −2.9 pp. Across the period the gross margin ranges between 48.4 % in 2016 and 59.2 % in 2025. The series covers 18 fiscal years, from 2009 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: February
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 50.66 % | 49.26 % | 55.49 % | 56.89 % | 55.67 % | 52.80 % | 50.87 % | 48.39 % | 51.17 % | 52.80 % | 55.23 % | 55.87 % | 55.98 % | 57.68 % | 55.39 % | 58.31 % | 59.22 % | 56.60 % |
| EBITDA margin (%) | 20.48 % | 23.71 % | 28.80 % | 31.70 % | 30.61 % | 27.68 % | 24.17 % | 21.47 % | 21.70 % | 21.30 % | 25.19 % | 26.41 % | 22.84 % | 24.89 % | 19.98 % | 26.11 % | 27.88 % | 24.38 % |
| EBIT margin (%) | 16.00 % | 19.11 % | 25.35 % | 28.67 % | 27.47 % | 24.60 % | 20.92 % | 17.91 % | 17.96 % | 17.21 % | 21.46 % | 22.34 % | 18.63 % | 21.31 % | 16.38 % | 22.17 % | 23.67 % | 19.91 % |
| Net margin (%) | 11.14 % | 12.87 % | 17.12 % | 18.39 % | 19.74 % | 17.57 % | 13.30 % | 12.91 % | 12.94 % | 9.76 % | 14.71 % | 16.22 % | 13.38 % | 15.59 % | 10.54 % | 16.12 % | 17.14 % | 14.22 % |
| FCF margin (%) | 1.67 % | 22.62 % | 21.03 % | 8.69 % | 13.64 % | 10.81 % | 10.83 % | 7.48 % | 10.10 % | 12.51 % | 15.72 % | 9.71 % | 13.04 % | 15.90 % | 4.04 % | 17.09 % | 14.96 % | 8.30 % |
