How Lululemon Athletica makes money

Period

FY2025

How does Lululemon Athletica make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Lululemon Athletica Inc. · FY2025 · year ended 2026-02-01

Revenue$11.1BGross profit$6.3B · 57%Cost of revenue$4.8B · 43%Operating income$2.2B · 20%Operating expenses$4.1B · 37%SG&A$4.1B · 37%Net income$1.6B · 14%Income tax$660M · 6%Womens Apparel$7.0B · 63%Mens Apparel$2.7B · 24%Accessories & Other Categories$1.4B · 13%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.

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