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Lululemon Athletica Inc.

ApparelFounded 1998
Reviewed by Swet Parvadiya
Company data updated: October 2026

Financial Performance

Lululemon Revenue & Financials

Revenue

$11.1B (FY2025)

Market Cap

$11.5B

Net Income

$1.6B

Employees

39,000

What is Lululemon's revenue?

Lululemon had $11.1B in revenue for fiscal year 2025, up 4.9% from 2024. Net income was $1.6B.

Latest revenue
$11.1B (FY2025)
Year-over-year
+4.9%
Growth rate (CAGR)
18.9% over 9 years
Peak revenue
$11.1B (FY2025)
Years of data
10
Employees
39,000
What is Lululemon's operating income?
Lululemon reported operating income of $2.2B for fiscal year 2025. sec.gov
How much profit does Lululemon make?
Lululemon reported net income of $1.6B for fiscal year 2025. sec.gov
How many employees does Lululemon have?
Lululemon has about 39,000 employees.

Financial Analysis

Lululemon grew revenue from $2.34 billion in fiscal 2016 to $11.10 billion in fiscal 2025 (ended February 1, 2026), but growth slowed to 4.9% in fiscal 2025 and net income fell to $1.58 billion from $1.81 billion. The slowdown turned into decline in 2026: Q2 fiscal 2026 revenue fell 4% to $2.42 billion and diluted EPS was $2.92 versus $3.10, including $0.86 from IEEPA tariff refunds. Management now guides fiscal 2026 revenue to $10.35-$10.50 billion, a 5-7% decline, with EPS of $9.48-$9.73. The company still generates cash, ending Q2 with $1.4 billion and repurchasing $330 million of stock in the quarter. Lululemon Athletica Inc. is a massive Canadian multinational athletic apparel retailer, commanding a robust market valuation generally exceeding $40 billion.

Revenue Trend Analysis

YoY Change

+4.9%

9-Year CAGR

+18.9%

Peak Year

2025

Trend

Consistent Growth

Lululemon Athletica Inc. has 10 full fiscal year figures on this page, compounding at +18.9% annually over 9 years. The most recent year saw a 4.9% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $11.1B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.

Annual revenue history

Fiscal YearRevenueOperating IncomeNet IncomeYoY ChangeSource
FY2025$11.1B$2.2B$1.6B+4.9%lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2026-03-17)

Fiscal year ended 2026-02-01.

FY2024$10.6B$2.5B$1.8B+10.1%lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2026-03-17)

Fiscal year ended 2025-02-02.

FY2023$9.6B$2.1B$1.6B+18.6%lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2026-03-17)

Fiscal year ended 2024-01-28.

FY2022$8.1B$1.3B$854.8M+29.6%lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2025-03-27)

Fiscal year ended 2023-01-29.

FY2021$6.3B$1.3B$975.3M+42.1%lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2024-03-21)

Fiscal year ended 2022-01-30.

FY2020$4.4B$820M$588.9M+10.6%lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2023-03-28)

Fiscal year ended 2021-01-31.

FY2019$4B$889.1M$645.6M+21.0%lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2022-03-29)

Fiscal year ended 2020-02-02.

FY2018$3.3B$705.8M$483.8M+24.1%lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2021-03-30)

Fiscal year ended 2019-02-03.

FY2017$2.6B$456M$258.7M+13.0%lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2020-03-26)

Fiscal year ended 2018-01-28.

FY2016$2.3B$421.2Mfiling$303.4M—lululemon athletica inc. annual report (Form 10-K, SEC EDGAR, filed 2018-03-27)

Fiscal year ended 2017-01-29.

Click any row to see year details.

Lululemon Athletica Inc. balance sheet and cash flow

Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.

Fiscal YearOperating cash flowCapital expendituresTotal assetsTotal liabilitiesShareholders' equityFree cash flowSource
FY2025ended Feb 1, 2026$1.6B$680.8M$8.5B$3.5B$5B$921.7MForm 10-K
FY2024ended Feb 2, 2025$2.3B$689.2M$7.6B$3.3B$4.3B$1.6BForm 10-K
FY2023ended Jan 28, 2024$2.3B$651.9M$7.1B$2.9B$4.2B$1.6BForm 10-K
FY2022ended Jan 29, 2023$966.5M$638.7M$5.6B$2.5B$3.1B$327.8MForm 10-K
FY2021ended Jan 30, 2022$1.4B$394.5M$4.9B$2.2B$2.7B$994.6MForm 10-K
FY2020ended Jan 31, 2021$803.3M$229.2M$4.2B$1.6B$2.6B$574.1MForm 10-K
FY2019ended Feb 2, 2020$669.3M$283M$3.3B$1.3B$2B$386.3MForm 10-K
FY2018ended Feb 3, 2019$742.8M$225.8M$2.1B$638.7M$1.4B$517MForm 10-K
FY2017ended Jan 28, 2018$489.3M$157.9M$2B$401.5M$1.6B$331.5MForm 10-K
FY2016ended Jan 29, 2017$386.4M$149.5M$1.7B$297.6M$1.4B$236.9MForm 10-K

Keep researching Lululemon

Lululemon Revenue and Financial FAQ

Did Lululemon lose money on the Mirror acquisition?

Yes, it was a massive financial disaster. During the 2020 pandemic lockdown, Lululemon bought "Mirror" (an at-home interactive fitness startup) for $500 million, hoping to compete with Peloton. As gyms reopened, consumer demand for home workouts completely collapsed. Lululemon was forced to execute massive financial write-downs, eventually abandoning the hardware business entirely.

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Using these figures? Please credit CorpDigest with a link.

Cite this page
CorpDigest. "Lululemon Revenue & Financials." CorpDigest, https://corpdigest.com/company/lululemon/financials.
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<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Lululemon reported $11.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/lululemon/financials" target="_blank" rel="noopener">CorpDigest — Lululemon financials</a></div>

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.