Ulva lactuca is widespread green alga. In some regions, it is used in nutrition. Its nutrients include iron, protein, iodine, vitamins (A, B1 and C) and trace elements. Ulva extracts showed potential antibacterial, hypolipidemic, cardioprotective and chemoprotective activities. Phytochemical investigation of the Egyptian Ulva lactuca methanolic crude extract/fractions were assessed by measuring total phenolics, flavonoids, alkaloids, carbohydrates, lipids, proteins and amino acids content. Biologically guided fractionation of plants or seaweeds extracts is considered the first step in drug discovery. So, the algal crude extract was fractionated then in vitro bioscreened for the determination of diphenylpicrylhydrazyl (DPPH) antioxidant, NO radical scavenging and antiinflammatory activities. Results showed that water fraction was the most active fraction so it was subjected to further phytochemical investigation. Phenolic content, detected from HPLC, play a role in the antioxidant activity. Finally, it can be concluded that Ulva water fraction is effective candidate to be used in the treatment of oxidative stress and related disorders.