Ulta Beauty Financial Statements FY2021-FY2026Q2

Ulta Beauty, Inc. (ULTA) Financial Statements in Beancount — Open Ledger

Ulta Beauty's income statement and balance sheet, FY2021 through FY2026Q2, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/ulta-beauty

Latest analysis: Ulta Beauty Q2 FY2026 Earnings: $3.0B in Sales, 3.8% Comps and No Tariff Refund

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Ulta Beauty's fiscal year is the 52 or 53 weeks ending on the Saturday closest
to January 31 and is named for the calendar year in which it starts: fiscal
2025 ended January 31, 2026, and FY2023 (ended February 3, 2024) has 53 weeks.
All figures come from Ulta Beauty, Inc.'s Form 10-K and Form 10-Q filings on
SEC EDGAR (CIK 0001403568; Nasdaq: ULTA). Each year is recorded as last
presented, which for every period here equals the figure originally filed.
FY2026Q2 is the standalone 13 weeks May 3 – August 1, 2026, not the 26-week
statement; FY2026Q1 is not included. The filings print thousands of dollars
and the ledger keeps that precision.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 3,035.676 MUSD means 3,035.676 million US dollars.
• Space NK — the company acquired Space NK Limited on July 10, 2025
  (fiscal 2025 Form 10-K, Note 3). The ledger reflects it only where the
  filings do: goodwill and other intangible assets step up at January 31,
  2026 ($213.798 million of goodwill and a $201.635 million trade name), and
  short-term debt includes Space NK's revolving facility. The filings print
  no Space NK revenue or profit figure, no pro forma results and no amount
  for the transaction costs they place in SG&A, so the ledger carries no
  acquired-versus-organic split and no acquisition-cost posting.
• Operating lines — cost of sales and selling, general and
  administrative expenses are the filed lines. The filing's separate
  pre-opening expenses line is a second, labeled posting on
  Expenses:SellingGeneralAdministrative, so the filing's operating income
  is a ledger subtotal.
• Below operating income — interest expense (income), net and, from
  fiscal 2025, equity net loss of affiliate are each their own labeled
  posting with the filed value, on Expenses:OtherNet when they net to an
  expense (FY2021, FY2025, FY2026Q2) and on Income:OtherNet when interest
  is net income (FY2022–FY2024).
• Revenue — Income:Revenue is one posting equal to the filing's net
  sales; the approximate category mix the filings print is in each period
  file's comments.
• No named one-offs — no period here has an impairment, restructuring or
  tariff-refund line. The Form 10-Q for the quarter ended August 1, 2026 and
  that quarter's earnings release do not mention a tariff refund.
• Balance-sheet residuals — Assets:Current:Other is prepaid expenses
  and other current assets plus prepaid income taxes; Assets:NonCurrent:Other
  is deferred compensation plan assets plus other long-term assets;
  Liabilities:Current:Other is accrued liabilities plus accrued income
  taxes; Liabilities:NonCurrent:Other is deferred income taxes plus other
  long-term liabilities. Each line's comment reconciles to the filed total.
• Additional accounts — Assets:Current:Inventory,
  Assets:NonCurrent:OperatingLeaseRightOfUse,
  Liabilities:Current:OperatingLeases,
  Liabilities:NonCurrent:OperatingLeases, Equity:TreasuryStock, opened
  beyond the standard chart (see each account's open line in main.bean).
• Balance tolerance — main.bean tightens Beancount's inferred balance
  tolerance so that a one-thousand-dollar move between two period ends is
  asserted rather than absorbed.

Analysis

• Ulta Beauty Q2 FY2026 Earnings: $3.0B in Sales, 3.8% Comps and No Tariff Refund — FY2026Q2

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Ulta Beauty, Inc.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Ulta Beauty, Inc.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.