What is Lululemon's earnings per share (EPS)?

Lululemon (LULU) reported diluted earnings per share of $13.26 for fiscal year 2026. This represents a -9.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lululemon Financials

LULU

Source SEC Filings (10-K/10-Q) Updated Feb 1, 2026 Currency USD FYE February

This page shows Lululemon (LULU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Cash-Backed

1.01x

For every $1 of reported earnings, Lululemon generates $1.01 in operating cash flow ($1.6B OCF vs $1.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$11.1B

YoY+4.9%

5Y CAGR+20.3%

10Y CAGR+18.3%

Lululemon generated $11.1B in revenue in fiscal year 2026. This represents an increase of 4.9% from the prior year.

EBITDA

$2.7B

YoY-8.3%

5Y CAGR+21.9%

10Y CAGR+19.9%

Lululemon's EBITDA was $2.7B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.3% from the prior year.

Net Income

$1.6B

YoY-13.0%

5Y CAGR+21.8%

10Y CAGR+19.5%

Lululemon reported $1.6B in net income in fiscal year 2026. This represents a decrease of 13.0% from the prior year.

EPS (Diluted)

$13.26

YoY-9.4%

5Y CAGR+24.1%

10Y CAGR+21.5%

Lululemon earned $13.26 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 9.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$921.7M

YoY-41.8%

5Y CAGR+9.9%

10Y CAGR+19.6%

Lululemon generated $921.7M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 41.8% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

110M

YoY-4.4%

5Y CAGR-2.5%

10Y CAGR-1.4%

Lululemon had 110M shares outstanding in fiscal year 2026. This represents a decrease of 4.4% from the prior year.

Margins & Returns

Gross Margin

56.6%

YoY-2.6pp

5Y CAGR+0.6pp

10Y CAGR+8.2pp

Lululemon's gross margin was 56.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.

Operating Margin

19.9%

YoY-3.8pp

5Y CAGR+1.3pp

10Y CAGR+2.0pp

Lululemon's operating margin was 19.9% in fiscal year 2026, reflecting core business profitability. This is down 3.8 percentage points from the prior year.

Net Margin

14.2%

YoY-2.9pp

5Y CAGR+0.8pp

10Y CAGR+1.3pp

Lululemon's net profit margin was 14.2% in fiscal year 2026, showing the share of revenue converted to profit. This is down 2.9 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.2B

YoY-28.0%

5Y CAGR+79.3%

10Y CAGR+15.7%

Lululemon spent $1.2B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 28.0% from the prior year.

Capital Expenditures

$680.8M

YoY-1.2%

5Y CAGR+24.3%

10Y CAGR+16.8%

Lululemon invested $680.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 1.2% from the prior year.

LULU Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$11.1B+4.9%	$10.6B+10.1%	$9.6B+18.6%	$8.1B+29.6%	$6.3B+42.1%	$4.4B
Cost of Revenue	$4.8B+11.6%	$4.3B+7.7%	$4.0B+10.8%	$3.6B+36.6%	$2.6B+36.6%	$1.9B
Gross Profit	$6.3B+0.2%	$6.3B+11.8%	$5.6B+24.9%	$4.5B+24.5%	$3.6B+46.5%	$2.5B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.1B+8.1%	$3.8B+10.7%	$3.4B+23.2%	$2.8B+23.9%	$2.2B+38.3%	$1.6B
Operating Income	$2.2B-11.8%	$2.5B+17.5%	$2.1B+60.5%	$1.3B-0.4%	$1.3B+62.6%	$820.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$659.8M-13.4%	$761.5M+21.7%	$625.5M+30.9%	$477.8M+33.3%	$358.5M+55.6%	$230.4M
Net Income	$1.6B-13.0%	$1.8B+17.1%	$1.6B+81.4%	$854.8M-12.4%	$975.3M+65.6%	$588.9M
EPS (Diluted)	$13.26-9.4%	$14.64+20.0%	$12.20+82.6%	$6.68-10.8%	$7.49+66.4%	$4.50

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	N/A	$2.6B+1.6%	$2.5B+6.5%	$2.4B-31.3%	$3.4B+43.9%	$2.4B+1.1%	$2.4B+7.3%	$2.2B
Cost of Revenue	N/A	$1.1B+8.8%	$1.0B+6.1%	$987.5M-28.2%	$1.4B+38.3%	$995.1M+3.8%	$958.9M+2.7%	$933.8M
Gross Profit	N/A	$1.4B-3.5%	$1.5B+6.8%	$1.4B-33.3%	$2.1B+48.0%	$1.4B-0.7%	$1.4B+10.8%	$1.3B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$988.3M+3.8%	$951.7M+0.9%	$942.9M-9.1%	$1.0B+14.1%	$909.8M+4.3%	$872.0M+3.5%	$842.4M
Operating Income	N/A	$435.9M-16.8%	$523.8M+19.4%	$438.6M-57.7%	$1.0B+111.2%	$490.7M-9.2%	$540.2M+24.9%	$432.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$134.9M-17.1%	$162.6M+19.7%	$135.8M-55.9%	$307.8M+101.8%	$152.5M-7.7%	$165.3M+22.9%	$134.5M
Net Income	N/A	$306.8M-17.3%	$370.9M+17.9%	$314.6M-58.3%	$755.3M+114.6%	$351.9M-10.4%	$392.9M+22.2%	$321.4M
EPS (Diluted)	N/A	$2.59-16.5%	$3.10+19.2%	$2.60	N/A	$2.87-8.9%	$3.15+24.0%	$2.54

LULU Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	N/A	$7.4B+8.8%	$6.8B+22.6%	$5.6B+18.6%	$4.7B+8.5%	$4.3B
Current Assets	N/A	$3.6B-4.9%	$3.8B+23.4%	$3.1B+32.6%	$2.3B+2.2%	$2.3B
Cash & Equivalents	N/A	$1.3B-30.3%	$1.9B+99.9%	$950.6M+46.5%	$649.0M-45.0%	$1.2B
Inventory	N/A	$1.7B+22.8%	$1.3B-14.9%	$1.6B+19.1%	$1.3B+72.6%	$768.6M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	$167.4M+597.6%	$24.0M-0.2%	$24.0M-93.8%	$386.8M-0.1%	$387.1M
Total Liabilities	N/A	$3.1B+20.4%	$2.6B+15.9%	$2.3B+11.0%	$2.0B+20.1%	$1.7B
Current Liabilities	N/A	$1.6B+13.6%	$1.4B+10.1%	$1.3B+4.1%	$1.2B+25.1%	$964.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	$4.3B+1.7%	$4.2B+27.1%	$3.3B+24.4%	$2.7B+1.1%	$2.6B
Retained Earnings	N/A	$4.0B+1.2%	$3.9B+26.5%	$3.1B+26.2%	$2.5B+2.6%	$2.4B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$8.5B+6.3%	$8.0B+5.7%	$7.5B+1.3%	$7.4B-2.3%	$7.6B+7.3%	$7.1B+5.0%	$6.7B-1.2%	$6.8B
Current Assets	$4.3B+8.6%	$3.9B+11.2%	$3.5B-1.5%	$3.6B-10.0%	$4.0B+10.4%	$3.6B+0.9%	$3.6B-5.2%	$3.8B
Cash & Equivalents	$1.8B+74.5%	$1.0B-10.4%	$1.2B-12.8%	$1.3B-33.2%	$2.0B+67.0%	$1.2B-26.2%	$1.6B-15.3%	$1.9B
Inventory	$1.7B-14.9%	$2.0B+16.0%	$1.7B+4.3%	$1.7B+14.6%	$1.4B-19.9%	$1.8B+26.0%	$1.4B+6.2%	$1.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$184.9M+5.5%	$175.3M+1.4%	$172.9M+3.3%	$167.4M+4.9%	$159.5M-3.0%	$164.5M+587.4%	$23.9M-0.3%	$24.0M
Total Liabilities	$3.5B+1.2%	$3.5B+10.1%	$3.1B-0.2%	$3.1B-4.2%	$3.3B+5.9%	$3.1B+14.2%	$2.7B+4.0%	$2.6B
Current Liabilities	$1.9B+2.5%	$1.8B+18.3%	$1.6B-1.0%	$1.6B-14.5%	$1.8B+2.0%	$1.8B+22.8%	$1.5B+6.1%	$1.4B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.0B+10.2%	$4.5B+2.6%	$4.4B+2.3%	$4.3B-0.8%	$4.3B+8.5%	$4.0B-1.1%	$4.0B-4.5%	$4.2B
Retained Earnings	$4.5B+7.6%	$4.2B+2.9%	$4.1B+2.3%	$4.0B-2.8%	$4.1B+11.2%	$3.7B-1.5%	$3.8B-4.9%	$3.9B

LULU Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.6B-29.5%	$2.3B-1.0%	$2.3B+137.6%	$966.5M-30.4%	$1.4B+72.9%	$803.3M
Capital Expenditures	$680.8M-1.2%	$689.2M+5.7%	$651.9M+2.1%	$638.7M+61.9%	$394.5M+72.1%	$229.2M
Free Cash Flow	$921.7M-41.8%	$1.6B-3.7%	$1.6B+401.6%	$327.8M-67.0%	$994.6M+73.2%	$574.1M
Investing Cash Flow	-$662.1M+17.0%	-$798.2M-22.0%	-$654.1M-14.8%	-$569.9M-33.2%	-$427.9M+38.5%	-$695.5M
Financing Cash Flow	-$1.2B+26.9%	-$1.7B-201.1%	-$548.8M-17.4%	-$467.5M+44.7%	-$845.0M-945.9%	-$80.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.2B-28.0%	$1.6B+193.0%	$558.7M+25.8%	$444.0M-45.4%	$812.6M+1176.4%	$63.7M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$1.1B+357.4%	$249.9M-24.0%	$328.7M+376.3%	-$119.0M-108.5%	$1.4B+366.1%	$300.7M-32.2%	$443.1M+247.5%	$127.5M
Capital Expenditures	$183.2M+9.4%	$167.4M-5.9%	$177.9M+16.8%	$152.3M-35.2%	$235.0M+31.7%	$178.5M+23.0%	$145.1M+11.0%	$130.7M
Free Cash Flow	$959.7M+1064.0%	$82.4M-45.3%	$150.8M+155.6%	-$271.2M-123.3%	$1.2B+854.7%	$122.2M-59.0%	$298.1M+9541.1%	-$3.2M
Investing Cash Flow	-$173.1M-2.3%	-$169.1M+20.7%	-$213.1M-99.5%	-$106.8M+52.1%	-$223.0M+27.7%	-$308.6M-128.4%	-$135.1M-2.7%	-$131.5M
Financing Cash Flow	-$269.7M-38.9%	-$194.2M+29.9%	-$276.8M+40.8%	-$468.0M-44.4%	-$324.0M+21.4%	-$412.0M+29.9%	-$587.9M-78.9%	-$328.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$271.8M+42.4%	$190.9M-32.1%	$281.2M-35.3%	$434.4M+29.5%	$335.4M-18.7%	$412.6M-30.0%	$589.5M+96.8%	$299.5M

LULU Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	56.6%-2.6pp	59.2%+0.9pp	58.3%+2.9pp	55.4%-2.3pp	57.7%+1.7pp	56.0%
Operating Margin	19.9%-3.8pp	23.7%+1.5pp	22.2%+5.8pp	16.4%-4.9pp	21.3%+2.7pp	18.6%
Net Margin	14.2%-2.9pp	17.1%+1.0pp	16.1%+5.6pp	10.5%-5.1pp	15.6%+2.2pp	13.4%
Return on Equity	N/A	42.3%+5.6pp	36.7%+11.0pp	25.8%-10.8pp	36.6%+14.2pp	22.3%
Return on Assets	N/A	24.4%+1.7pp	22.7%+7.4pp	15.3%-5.4pp	20.8%+7.2pp	13.6%
Current Ratio	N/A	2.28-0.4	2.72+0.3	2.43+0.5	1.91-0.4	2.34
Debt-to-Equity	N/A	0.73+0.1	0.62-0.1	0.68-0.1	0.76+0.1	0.64
FCF Margin	8.3%-6.7pp	15.0%-2.1pp	17.1%+13.1pp	4.0%-11.9pp	15.9%+2.9pp	13.0%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	N/A	55.6%-2.9pp	58.5%+0.2pp	58.3%-1.8pp	60.1%+1.6pp	58.5%-1.1pp	59.6%+1.8pp	57.7%
Operating Margin	N/A	17.0%-3.8pp	20.7%+2.2pp	18.5%-11.5pp	30.0%+9.6pp	20.5%-2.3pp	22.8%+3.2pp	19.6%
Net Margin	N/A	12.0%-2.7pp	14.7%+1.4pp	13.3%-8.6pp	21.9%+7.2pp	14.7%-1.9pp	16.6%+2.0pp	14.5%
Return on Equity	N/A	6.8%-1.6pp	8.5%+1.1pp	7.3%-10.1pp	17.5%+8.6pp	8.8%-0.9pp	9.8%+2.1pp	7.6%
Return on Assets	N/A	3.9%-1.1pp	4.9%+0.7pp	4.2%-5.7pp	9.9%+5.0pp	5.0%-0.9pp	5.8%+1.1pp	4.7%
Current Ratio	2.26+0.1	2.13-0.1	2.27-0.0	2.28+0.1	2.16+0.2	2.00-0.4	2.43-0.3	2.72
Debt-to-Equity	0.70-0.1	0.77+0.1	0.71-0.0	0.73-0.0	0.76-0.0	0.78+0.1	0.67+0.1	0.62
FCF Margin	N/A	3.2%-2.8pp	6.0%+17.4pp	-11.4%-45.3pp	33.8%+28.7pp	5.1%-7.5pp	12.6%+12.7pp	-0.1%

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Frequently Asked Questions

What is Lululemon's annual revenue?

Lululemon (LULU) reported $11.1B in total revenue for fiscal year 2026. This represents a 4.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lululemon's revenue growing?

Lululemon (LULU) revenue grew by 4.9% year-over-year, from $10.6B to $11.1B in fiscal year 2026.

Is Lululemon profitable?

Yes, Lululemon (LULU) reported a net income of $1.6B in fiscal year 2026, with a net profit margin of 14.2%.

What is Lululemon's EBITDA?

Lululemon (LULU) had EBITDA of $2.7B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Lululemon's gross margin?

Lululemon (LULU) had a gross margin of 56.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lululemon's operating margin?

Lululemon (LULU) had an operating margin of 19.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Lululemon's net profit margin?

Lululemon (LULU) had a net profit margin of 14.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Lululemon's free cash flow?

Lululemon (LULU) generated $921.7M in free cash flow during fiscal year 2026. This represents a -41.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lululemon's operating cash flow?

Lululemon (LULU) generated $1.6B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Lululemon's capital expenditures?

Lululemon (LULU) invested $680.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does Lululemon buy back shares?

Yes, Lululemon (LULU) spent $1.2B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Lululemon have outstanding?

Lululemon (LULU) had 110M shares outstanding as of fiscal year 2026.

Are Lululemon's earnings high quality?

Lululemon (LULU) has an earnings quality ratio of 1.01x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.