LULU Lululemon Athletica margins

Relative Growth: Rel. Growth: 69

Relative Strength: Rel. Strength: 20

Relative Valuation: Rel. Valuation: 86

Relative Profitability: Rel. Profitability: 77

Gross margin

56.1%

Operating margin

17.8%

EBITDA margin

23%

Net margin

12.8%

For the latest period, Lululemon Athletica has a gross margin of 56.1%, an operating margin of 17.8%, an EBITDA margin of 23%, and a net margin of 12.8%. Operating margin had the largest decline, falling by 5.1 percentage points, while the other available margins also weakened.

LULU margin history

Gross, operating, EBITDA and net margin trends

Lululemon Athletica's margins averaged 57.95% gross, 21.21% operating, 25.95% EBITDA, and 15.2% net during the last 3 years. The current gross, operating, EBITDA, and net margins are each below their three-year averages.

LULU margin expansion

Year-over-year margin changes in percentage points

Lululemon Athletica's gross margin contracted by 3 percentage points, operating margin by 5.1 percentage points, EBITDA margin by 4.8 percentage points, and net margin by 3.6 percentage points, led by operating margin with a decline of 5.1 percentage points.

Gross margin expansion

-3pp

Operating margin expansion

-5.1pp

EBITDA margin expansion

-4.8pp

Net margin expansion

-3.6pp

LULU Gross margin

Over the last 3 years, Lululemon Athletica's gross margin averaged 57.95%. Right now, Lululemon Athletica's current gross margin is 56.1%, which is 1.9 percentage points below its three-year average. During this period, gross margin reached a high of 59.3% in May 2025 and a low of 55.7% in May 2026.

LULU Operating margin

Over the last 3 years, the average operating margin for Lululemon Athletica was 21.21%. Against its three-year average, Lululemon Athletica's operating margin is currently 17.8%, 3.4 percentage points below its three-year average. Lululemon Athletica's operating margin ranged from a low of 16.7% in Oct 2023 to a high of 23.7% in Feb 2025.

LULU EBITDA margin

Lululemon Athletica recorded an average EBITDA margin of 25.95% across the last 3 years. The latest EBITDA margin for Lululemon Athletica is 23%, 3 percentage points below its three-year average. Lululemon Athletica's EBITDA margin ranged from a low of 20.9% in Oct 2023 to a high of 28.5% in Feb 2025.

LULU Net margin

Over the last 3 years, Lululemon Athletica had an average net margin of 15.2%. Lululemon Athletica's current net margin is 12.8% and is 2.4 percentage points below its three-year average. Looking back over the last 3 years, Lululemon Athletica's net margin reached 17.1% at its highest point in Feb 2025 and 10.9% at its lowest in Oct 2023.

LULU margin group comparison

Margins compared with peer-group, industry and sector averages

Lululemon Athletica's gross margin of 56.1% is higher than the Consumer Cyclical sector and the industry average. Looking at the Consumer Cyclical sector average of 36.2%, Lululemon Athletica's gross margin is 55% higher.

LULU margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Lululemon Athletica's gross margin?

For the period ending Aug 2, 2026, LULU recorded a gross margin of 56.1%.

What is Lululemon Athletica's operating margin?

The current operating margin for LULU is 17.8% as of Aug 2, 2026.

What is Lululemon Athletica's EBITDA margin?

For the period ending Aug 2, 2026, LULU recorded an EBITDA margin of 23%.

What is Lululemon Athletica's net margin?

As of Aug 2, 2026, LULU has a net margin of 12.8%.

What are the average margins of LULU?

Over the last 3 years, Lululemon Athletica's margins averaged 58.0% gross, 21.2% operating, 26.0% EBITDA, and 15.2% net.

What are the highest historical margins of LULU?

Across the 5-year period, LULU posted its highest margins at 59.3% gross in May 2025, 23.7% operating in Feb 2025, 28.5% EBITDA in Feb 2025, and 17.1% net in Feb 2025.

What are the lowest historical margins of LULU?

Over the last 5 years, Lululemon Athletica's lowest margins were 55.4% gross in Jan 2023, 16.4% operating in Jan 2023, 20% EBITDA in Jan 2023, and 10.5% net in Jan 2023.