Lululemon Athletica Inc.
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Lululemon Athletica Inc.
Compare market positioning with top industry peers
Explore Lululemon Athletica
Core profile pages, annual revenue records, and related research hubs for this company.
Financial Performance
Revenue
$11.1B
Market Cap
$45.2B
Net Income
$1.6B
Employees
34,000
Lululemon's financial narrative is a large story of extreme, highly lucrative gross margins driven by absolute brand power and complete vertical integration. They generate nearly $10 billion in revenue. Because they invented highly proprietary, patented fabrics (like Luon and Nulu), they can charge $120 for a pair of leggings that cost roughly $20 to manufacture. Crucially, they sell almost entirely Direct-to-Consumer (DTC) through their own physical stores and website, completely avoiding wholesale markdowns and keeping the large, highly lucrative retail margin entirely for themselves.
Revenue Trend Analysis
YoY Change
+4.9%
9-Year CAGR
+18.9%
Peak Year
2025
Trend
Consistent Growth
Lululemon Athletica Inc. has reported revenue across 10 fiscal years, compounding at +18.9% annually over 9 years. The most recent year saw a 4.9% increase versus the prior year. Revenue peaked in 2025 at $11.1B. Out of 9 reported periods, 9 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $11.1B | $1.6B | +4.9% |
| FY2024 | $10.6B | $1.8B | +10.1% |
| FY2023 | $9.6B | $1.6B | +18.6% |
| FY2022 | $8.1B | $854.8M | +29.6% |
| FY2021 | $6.3B | $975.3M | +42.1% |
| FY2020 | $4.4B | $588.9M | +10.6% |
| FY2019 | $4B | $645.6M | +21.0% |
| FY2018 | $3.3B | $483.8M | +24.1% |
| FY2017 | $2.6B | $258.7M | +13.0% |
| FY2016 | $2.3B | $303.4M | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Lululemon Athletica Inc. reported revenue of $11.1 billion for fiscal year 2025, up from $10.6 billion in fiscal 2024.
Lululemon delivers industry-leading profitability in apparel retail, achieving gross profit margins of approximately 57% to 58% and operating profit margins (EBIT margin) of approximately 22% to 23%, supported by full-price selling and minimal discounting.
Lululemon delivers annual GAAP net income between $1.5 billion and $1.6 billion, generating diluted earnings per share (EPS) exceeding $12.50, reflecting strong operational execution and efficient working capital management.
North America (US and Canada) represents approximately 75% to 78% of total net revenue, while International markets (led by Mainland China, Australia, the United Kingdom, and South Korea) contribute roughly 22% to 25%, representing the fastest-growing financial segment.
Lululemon maintains a pristine debt-free balance sheet with over $1.5 billion in cash liquidity, utilizing excess operating cash flows to fund substantial multi-billion-dollar common share repurchase programs rather than paying cash dividends.
Lululemon generates exceptional retail store sales productivity, exceeding $1,600 to $1,800 in sales per square foot across its retail store fleet, ranking among the top five most productive specialty retail brick-and-mortar concepts in North America.
Following the $500 million acquisition of connected fitness hardware maker Mirror in 2020, post-pandemic hardware demand declined, prompting Lululemon to record non-cash post-tax impairment charges totaling over $440 million in 2022 to 2023 and pivot to a software-partnership model with Peloton.
Lululemon invests approximately $650 million to $700 million annually in capital expenditures, focused on opening 35 to 45 net new international stores, expanding high-performing North American flagships, and upgrading global supply chain distribution technology.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Lululemon Athletica Inc. Revenue & Financials." CorpDigest, https://corpdigest.com/company/lululemon/financials.<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 Athletica Inc. reported $11.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/lululemon/financials" target="_blank" rel="noopener">CorpDigest — Lululemon Athletica Inc. financials</a></div>