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Estée Lauder Companies Stock EL

Estée Lauder Companies Inc. · SEC filings · Reporting currency USD · Quarterly reporting · Figures as of Q4 FY2026 (Apr to Jun 2026) · updated 2026-10-27 · ISIN US5184391044 · WKN 897933

Estée Lauder Companies stock (EL): Quarterly and annual results since 2023 from Quarterly Report and SEC filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 08/2026, quarterly reporting. Stock analysis by NadirAlpha. Estée Lauder Companies stock (EL): listed on NYSE, index S&P 500, WKN 897933. NadirAlpha has evaluated 48 original documents, cross-checked every figure automatically and linked each to its source; sources as of 08/2026. Revenue Q4 FY2026 (Apr to Jun 2026): USD 3.6 billion (+6% year on year). Latest reading: Operating income turned positive, Guidance initiated, Net income turned positive.

Operating income turned positive Guidance initiated Net income turned positive ◦

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Estée Lauder Companies Current Status

The current state of Estée Lauder Companies at a glance, figures as of Q4 FY2026, with core figures and the key management statements from the latest filing. NadirAlpha methodology

Assessment by NadirAlpha, as of Q4 FY2026 (Apr to Jun 2026).

Estée Lauder reported fourth-quarter net sales of 3,627 million for the period ended June 30, 2026, bringing full fiscal year 2026 net sales to 15,049 million, an increase of 5% from fiscal 2025 driven by volume growth of 2%, favorable foreign currency translation of 2%, and a pricing increase of 1% 29. Adjusted diluted earnings per share for the full year increased to $2.51 from $1.51, a 66% increase, and free cash flow improved to $1.32 billion from $0.67 billion 30. The restructuring component of the Profit Recovery and Growth Plan concluded with approximately 10,000 positions eliminated and expected annual gross benefits of $1.2 billion at the high end of the previously announced range 30.
Management commentary on the FY2026 results (8-K-EX99.1, 2026-08-19):

“For fiscal 2027, we are affirming our confidence to accelerate organic sales growth. In addition, we are raising our outlook for an even stronger adjusted operating margin, as we double down on our strengths to further diversify growth across product categories and geographies, including accelerating growth in North America.”

Stéphane de La Faverie, President and Chief Executive Officer 30

“I am incredibly proud of our team for delivering fiscal 2026 results ahead of the expectations we had to start the year. We reignited growth with organic sales rising 3%, driven by the breadth of growth across brands, and achieved significant operating margin expansion. We ended the year on a high note, as organic sales growth accelerated to 5% for our fourth consecutive quarter of growth and stronger profitability. We are delivering on all aspects of Beauty Reimagined. Our One ELC operating model is increasingly enabling the entire organization to move at speed and with discipline.”

Stéphane de La Faverie, President and Chief Executive Officer 30
Revenue · 2026-Q43,627$ million+6.3 % vs. 2025-Q4
Net profit · 2026-Q4-116$ million+78.8 % vs. 2025-Q4
EPS · 2026-Q4-0.31$+79.6 % vs. 2025-Q4
Revenue trend
Guidance
For FY2027, Estée Lauder Companies guides Tax rate 33 to 34% (initiated); Operating margin 12.7 to 13.5% (raised); Organic Net Sales Growth 3 to 5% (affirmed). 30
Profitability
Estée Lauder recorded a fourth-quarter GAAP operating loss of 39 million, with adjusted operating income of 267 million for the quarter 130. Fourth-quarter net loss attributable to the company was 116 million, equating to a diluted loss per share of 0.31 130. Fourth-quarter free cash flow was 425 million, from operating cash flow of 576 million against capital expenditures of 151 million, while full-year gross margin expanded 150 basis points to 75.5%, driven by net benefits from the Profit Recovery and Growth Plan 29.
Leverage
Estée Lauder ended fiscal 2026 with cash and cash equivalents of 3,498 million, higher than the 2,921 million held at the end of fiscal 2025 29. Net debt stood at 3,808 million at June 30, 2026, compared to 4,396 million a year earlier. Full-year operating cash flow of 1,773 million, higher than the 1,272 million recorded in fiscal 2025, supported the improvement in the company's liquidity and net debt position 29.
Management view
Estée Lauder affirmed organic net sales growth of 3% to 5% for fiscal 2027 and raised its adjusted operating margin outlook to 12.7% to 13.5%, reflecting management's expectations for continued improvement under the Beauty Reimagined strategic vision 30. Estée Lauder Companies expanded consumer coverage on Amazon to 13 brands across 11 markets and on TikTok Shop to 12 brands across nine markets, broadening its digital retail reach 30. The number of billion-dollar brands grew to six with the addition of Jo Malone London and TOM FORD, and 23% of fiscal 2026 sales were derived from product innovation across all categories 30.
Change
A securities class action litigation settlement of $84 million was recorded as a loss contingency in the fiscal 2026 third quarter and was fully funded as of June 30, 2026 29. Total employee count decreased to approximately 55,000 as of June 30, 2026 from approximately 57,000 a year earlier, reflecting completion of the restructuring program 29. Full-year adjusted operating margin expanded 320 basis points, driven by benefits from the Profit Recovery and Growth Plan and operational efficiencies 30.
Risks (current)
Severe adverse impacts on major retail customers could significantly affect Estée Lauder's business performance 29. Ongoing litigation including asbestos-related claims and product defect claims, along with intellectual property and trademark protection challenges globally, could result in material losses 29. Foreign currency exchange rate fluctuations, intense competition from multinational manufacturers and indie brands, and risks from IT system failures and cyber attacks represent additional operational and financial exposures 29.
New this reporting period
In the fourth quarter of fiscal 2026, Estée Lauder launched several products including M·A·C Skinfinish Colourstruck Blush, La Mer Balancing Infused Emulsion, The Ordinary Caffeine Solution 5% + EGCG Eye Serum, and TOM FORD Taormina Orange Eau de Parfum 30. Estée Lauder Companies announced planned minority stake acquisitions in XINÚ and 111Skin during fiscal 2026 30. Thirty-three net new freestanding Fragrance stores were opened globally in fiscal 2026, expanding the company's direct retail footprint 30.

Estée Lauder Companies Stock: Key Figures ($ million)

NadirAlpha shows fiscal years, half-years and quarters of Estée Lauder Companies one below the other, most recently Q4 FY2026; every figure is clickable and leads to raw value, location and source. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Revenue ($ million) · annual basis, as reported
EPS ($) · annual basis, as reported
Operating cash flow ($ million) · annual basis, as reported
Revenue ($ million) · quarterly basis, as reported
Net income ($ million) · quarterly basis, as reported
EPS ($) · quarterly basis, as reported
Operating cash flow ($ million) · quarterly basis, as reported
Cash ($ million) · annual basis, as reported
Debt ($ million) · annual basis, as reported
Net Debt ($ million) · annual basis, as reported
Capex ($ million) · annual basis, as reported
FCF ($ million) · annual basis, as reported
D&A ($ million) · annual basis, as reported
Cash ($ million) · quarterly basis, as reported
Debt ($ million) · quarterly basis, as reported
Net Debt ($ million) · quarterly basis, as reported
Capex ($ million) · quarterly basis, as reported
FCF ($ million) · quarterly basis, as reported
D&A ($ million) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2016 is on record.

Fiscal years

Amounts in $ million · EPS in $ per share · as reported
Estée Lauder Companies stock: key figures on annual basis, FY2024 to FY2026, in $ million. Compiled by NadirAlpha from SEC filings.
PeriodCalendar quarterRevenueOp. incomeOp. income (adj.)EPS ($)EPS adj. ($)OCFSource
FY2026Q3/2025–Q2/202615,0497801,6870.50–1,77330
FY2025Q3/2024–Q2/202514,326-7851,146-3.15–1,27221
FY2024Q3/2023–Q2/202415,6089701,5881.082.592,36013

Quarters

Amounts in $ million · EPS in $ per share · as reported
Estée Lauder Companies stock: key figures on quarterly basis, 2024-Q1 to 2026-Q4, in $ million. Compiled by NadirAlpha from SEC filings.
PeriodCalendar quarterPublishedRevenueOp. incomeOp. income (adj.)Net incomeEPS ($)EPS adj. ($)FCFCashNet DebtSource
2026-Q4*Q2/20262026-08-193,627-39267-116-0.31*≈–4253,4983,808130
2026-Q3*Q1/20262026-05-013,712249557890.24–3103,1264,18627
2026-Q2*Q4/20252026-02-054,2294016081620.44–1,0173,0824,237~25
2026-Q1*Q3/20252025-10-303,481169255470.13–-4362,2195,101~23
2025-Q4*Q2/20252025-08-203,411-390137-546-1.52*≈–3942,9214,39621
2025-Q3*Q1/20252025-05-013,5503064031590.44–1622,6314,667~19
2025-Q2*Q4/20242025-02-044,004-580462-590-1.64–9252,5864,690~17
2025-Q1*Q3/20242024-10-313,361-121144-156-0.4314.00-8112,3505,46515
2024-Q4*Q2/20242024-08-193,871-233349-284-0.79*≈0.646723,3954,376114
2024-Q3*Q1/20242024-05-013,9405315543300.911.023593,7014,06911
2024-Q2*Q4/20232024-02-054,2795745773130.870.891,1133,9394,2019
2024-Q1*Q3/20232023-11-013,51898108310.090.11-7033,0905,0037
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: EBITDA (adj.) (not reported in any source for these periods).

Estée Lauder Companies Balance Sheet & Cash Flow ($ million)

NadirAlpha places cash, debt, operating cash flow and investments of Estée Lauder Companies side by side per period, balance sheet values as of the period end, flow items for the period. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

Fiscal years

Amounts in $ million · as reported
Estée Lauder Companies stock: balance sheet and cash flow on annual basis, FY2024 to FY2026, in $ million. Compiled by NadirAlpha from SEC filings.
PeriodCalendar quarterPublishedCashDebtNet DebtD&AOCFCapexFCFSource
FY2026Q3/2025–Q2/20262026-08-193,4987,3063,8087961,7734571,31629
FY2025Q3/2024–Q2/20252025-08-202,9217,3174,3968291,27260267021
FY2024Q3/2023–Q2/20242024-08-193,3957,7714,3768252,3609191,44113

Quarters

Amounts in $ million · as reported
Estée Lauder Companies stock: balance sheet and cash flow on quarterly basis, 2024-Q1 to 2026-Q4, in $ million. Compiled by NadirAlpha from SEC filings.
PeriodCalendar quarterPublishedCashDebtNet DebtD&AOCFCapexFCFSource
2026-Q4Q2/20262026-08-193,4987,3063,808198576151425130
2026-Q3Q1/20262026-05-013,1267,3124,18620141210231027
2026-Q2Q4/20252026-02-053,0827,319~4,237~1971,1251081,01725
2026-Q1Q3/20252025-10-302,2197,320~5,101~200-34096-43623
2025-Q4Q2/20252025-08-202,9217,3174,39621060120739421
2025-Q3Q1/20252025-05-012,6317,298~4,667~20428412216219
2025-Q2Q4/20242025-02-042,5867,276~4,690~2071,05713292517
2025-Q1Q3/20242024-10-312,3507,8155,465208-670141-81115
2024-Q4Q2/20242024-08-193,3957,7714,376211889217672114
2024-Q3Q1/20242024-05-013,7017,7704,06920653417535911
2024-Q2Q4/20232024-02-053,9398,1404,2012051,3452321,1139
2024-Q1Q3/20232023-11-013,0908,0935,003203-408295-7037
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.

Estée Lauder Companies Guidance Tracking (latest per metric/period · 24/39)

All forecasts (guidance) of the Estée Lauder Companies management and their later outcome: per metric and period the most recent statement applies, the status is checked against the reported actuals. NadirAlpha methodology

Actuals: EPS in $ per share · ratios in %

Direction: affirmedconfirmedcutinitiatedraised Verdict: beatin linemisspending

Estée Lauder Companies: guidance and actuals per metric and period, 39 entries. Compiled by NadirAlpha from SEC filings.
For periodGuided onMetricGuidedActualVerdictDirectionSource
FY20272026-08-19Tax rate33–34%–30
FY20272026-08-19Operating margin12.7–13.5%–30
FY20272026-08-19Organic Net Sales Growth3–5%–30
FY20262026-02-05EPS (non-GAAP)1.03–1.07––26
FY20262026-02-05Tax rate~36%––26
FY20262026-02-05Operating margin9.8–10.2%5.226
FY20262026-02-05Organic net sales growth1–3%––26
FY20262025-08-20Organic Net Sales2–5%––22
FY20262025-08-20Net Cash Flows Provided by Operating Activities1,000–1,100––22
FY20252025-05-01Gross margin (non-GAAP)~73.5%––20
FY20252025-05-01EPS (non-GAAP).94 - .97–––20
FY20252025-05-01Tax rate~38%––20
FY20252025-05-01Organic Net Sales, Non-GAAP8–9%––20
FY20252024-08-19EPS (GAAP)2.52–2.76-3.1514
FY20252024-08-19Operating margin11–11.5%-5.514
FY20252024-08-19Reported and Organic Net Sales1–2%––14
2025-Q32025-02-04EPS (non-GAAP).13 - .16––18
2025-Q32025-02-04Organic Net Sales10–12%––18
2025-Q22024-10-31EPS (GAAP).02 - .19-1.64––16
2025-Q22024-10-31EPS (non-GAAP).20 - .35––16
2025-Q22024-10-31Reported and Organic Net Sales6–8%–––16
2025-Q12024-08-19EPS (GAAP)-0.09-0.4314
2025-Q12024-08-19EPS (non-GAAP)0.01–0.0914–14
2025-Q12024-08-19Reported and Organic Net Sales3–5%––14
FY20242023-11-01EPS (GAAP)2.08–2.351.088
FY20242023-11-01EPS (non-GAAP)25–33%2.59–8
FY20242023-11-01Revenue growth (YoY)1–2%-1.98
FY20242023-11-01Organic Net Sales1–2%––8
2024-Q42024-05-01EPS (GAAP)$.11 - $.22-0.79–12
2024-Q42024-05-01EPS (non-GAAP)$.18 - $.280.64–12
2024-Q42024-05-01Revenue growth (YoY)5–9%7.312
2024-Q42024-05-01Organic Net Sales6–10%––12
2024-Q22023-11-01EPS (GAAP)between $.47 and $.570.87–8
2024-Q22023-11-01EPS (non-GAAP)between $.48 and $.580.89–8
2024-Q22023-11-01Revenue growth (YoY)9–11%-7.48
2024-Q22023-11-01Organic Net Sales8–10%––8
2024-Q12023-08-18EPS (GAAP)-0.34–-0.230.096
2024-Q12023-08-18EPS (non-GAAP)-0.29–-0.190.116
2024-Q12023-08-18Q1 FY2024 Reported and Organic Net Sales-12–-10%––6

Estée Lauder Companies Stock: Price & Chart

Chart and key figure trend of Estée Lauder Companies stock: the TradingView chart starts only on click, the key figure chart comes from the core tables up to Q4 FY2026. NadirAlpha methodology

Daily candles with news and earnings markers. Loads only on click.

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Estée Lauder Companies Event Timeline

NadirAlpha sorts 45 events of Estée Lauder Companies by quarter, most recent first, each with source number and event type, management quotes as direct quotes at the start of the quarter. NadirAlpha methodology

Overview: one dot per event · click jumps to the period
earningsrevenuemarginguidancestrategyfinancials2024-Q12024-Q22024-Q32024-Q42025-Q12025-Q22025-Q32025-Q42026-Q12026-Q22026-Q3FY2026
2026 · 14 events

Operating income turned positive ◦ 2026-08-19
Operating income of USD 780 million vs. prior-year operating loss of $785 million, primarily from favorable comparison to prior-year impairment charges and increased sales 29
Net income turned positive ◦ 2026-08-19
30
Guidance initiated 2026-08-19
FY2027 initial outlook: organic net sales growth of 3% to 5% with adjusted operating margin raised to 12.7% to 13.5% 30
Operating income turned positive 2026-08-19
Operating income turned positive for the first time after 1 negative fiscal year (-785.0 to +USD 780.0 million). 30

“Fiscal 2026 is promising to be the pivotal year we intended, one in which we restore organic sales growth and expand our adjusted operating margin for the first time in four years. Looking ahead to fiscal 2027, we are confident in our improving trajectory and realizing the benefits of One ELC, especially its One Operating Ecosystem which will be fully deployed. Our preliminary view is to accelerate organic sales growth and for adjusted operating margin to approach 13%, albeit in an uncertain geopolitical and macroeconomic environment.”

Stéphane de La Faverie, President and Chief Executive Officer 28
Margin expanding 2026-05-01
Adjusted operating margin expanded 360 basis points to 15.0% from 11.4% in the prior-year quarter, driven by gross margin expansion and operating leverage 28
Strategic pivot 2026-05-01
Restructuring program expanded to an estimated net reduction of 9,000 to 10,000 positions globally with expected annual gross benefits of $1,000 million to $1,200 million before taxes 27
Acquisition 2026-05-01
Forest Essentials acquisition agreement announced in March 2026, subject to regulatory approvals 28

“We delivered excellent second quarter results to solidify a strong first half of fiscal 2026. In this pivotal year, Beauty Reimagined has invigorated our business as we execute the biggest operational, leadership, and cultural transformation in our history. On its one-year anniversary, we raise our fiscal 2026 outlook confident in the strength of our turnaround, even as our second half reflects previously-expected headwinds and now-greater consumer-facing investments, as we expect to restore organic sales growth and expand our operating margin for the first time in four years.”

Stéphane de La Faverie, President and CEO 26
Revenue accelerating 2026-02-05
Net sales of USD 4,229 million increased 6%, with Mainland China growing 13% for a second consecutive quarter of double-digit retail sales growth 25 26
Margin expanding 2026-02-05
Adjusted operating margin expanded 290 basis points to 14.4% from 11.5%, reflecting net benefits from the Profit Recovery and Growth Plan 26
Guidance raised 2026-02-05
Full-year FY2026 outlook raised for organic net sales growth, adjusted operating margin, and adjusted diluted EPS 26

“We had a strong start to fiscal 2026 as we execute on our Beauty Reimagined strategy–returning to organic sales growth, gaining prestige beauty share in a few key strategic areas of focus, and improving profitability. Encouragingly, we are building momentum across the organization from the significant operational changes we have executed to-date to be faster and more agile. These results reinforce the confidence we have in our fiscal 2026 outlook–a pivotal year–as we restore organic sales growth and expand our operating margin for the first time in four years.”

Stéphane de La Faverie, President and Chief Executive Officer 24
Operating income turned positive 2025-10-30
Operating income of USD 169 million vs. prior-year loss, primarily due to prior-year talcum litigation settlement charges not recurring in the current period 23
Margin expanding 2025-10-30
Adjusted operating margin expanded 300 basis points to 7.3% from 4.3%, driven by gross margin improvement and PRGP operational efficiencies 24
Strategic pivot 2025-10-30
Beauty Reimagined initiative launched and Profit Recovery and Growth Plan restructuring program expanded to an estimated net reduction of 5,800 to 7,000 positions globally, targeting annual gross benefits of $800 million to $1,000 million before taxes 23
Revenue accelerating 2025-10-30
Revenue growth accelerated to +3.6% YoY (prior period -11.9%). 23
2025 · 16 events

“Having closed fiscal 2025 as expected, we remain wholly focused on continuing to execute our strategic vision of Beauty Reimagined with excellence. Despite continued volatility in the external environment, we embarked on fiscal 2026 with signs of momentum and confidence in our outlook to deliver organic sales growth this year after three years of declines and to begin rebuilding operating profitability in pursuit of a solid double-digit adjusted operating margin over the next few years.”

Stéphane de La Faverie, President and Chief Executive Officer 22
Operating income turned negative 2025-08-20
$375 million Dr.Jart+ asset impairment recorded in fiscal 2025 following interim impairment review triggered in April 2025 21
Guidance initiated 2025-08-20
FY2026 outlook affirms return to positive organic sales growth of 2% to 5% and adjusted operating margin of 9.4% to 9.9% 22
Strategic pivot 2025-08-20
Beginning FY2026 first quarter, Estée Lauder will report under a new four-region geographic structure 22

“In the third quarter of fiscal 2025, we delivered our organic sales outlook and exceeded profitability expectations. We are moving decisively and building momentum as we bring our "Beauty Reimagined" strategic vision to life across its five key priorities. This is evidenced by our prestige beauty share gains in strategic markets like the U.S., China, and Japan and our mid single-digit organic net sales growth online.”

Stéphane de La Faverie, President and Chief Executive Officer 20
Revenue decelerating ◦ 2025-05-01
Net sales decreased 10% to USD 3,550 million; organic net sales decreased 9%, driven by volume declines across all product categories and geographic regions 20
Margin compressing 2025-05-01
Adjusted operating margin contracted 270 basis points to 11.4% from 14.1%, reflecting volume deleverage and increased consumer-facing investments 20
Partnership 2025-05-01
Strategic partnership with Adobe announced in March 2025 to integrate Firefly generative AI into Creative Cloud workflows 20
Operating income turned positive 2025-05-01
Operating income turned positive for the first time after 3 negative periods (-580.0 to +USD 306.0 million). 19
Net income turned positive 2025-05-01
Net income turned positive for the first time after 3 negative periods (-590.0 to +USD 159.0 million). 19
Net income halved 2025-05-01
Net income more than halved YoY (330.0 to USD 159.0 million, -52%). 19

“In order to reignite our retail sales growth, we are strategically increasing consumer-facing investments around the world in the third quarter. We expect the benefits of the PRGP to both fund these investments and modestly offset the meaningful operating deleverage from the sales decline.”

Stéphane de La Faverie, President and Chief Executive Officer 18
earnings 2025-02-04
Operating loss of USD 580 million including $861 million in goodwill and intangible asset impairments for TOM FORD and Too Faced brands 17
Margin expanding 2025-02-04
Gross margin expanded 310 basis points to 76.1%, driven by lower obsolescence charges and manufacturing cost efficiencies 17
Strategic pivot 2025-02-04
Beauty Reimagined strategic vision launched; Profit Recovery and Growth Plan expanded to 5,800 to 7,000 position reductions with estimated charges of $1.2 billion to $1.6 billion 18

earnings 2024-10-31
Operating loss of USD 121 million versus $98 million income in the prior year, impacted by $106 million restructuring charges and $159 million talcum litigation settlement 15
Margin expanding 2024-10-31
Gross margin increased to 72.4% from 69.6%, benefiting from lower obsolescence charges and manufacturing cost favorability 15
Strategic pivot 2024-10-31
Restructuring program announced targeting 1,800 to 3,000 position reductions with expected charges of $500 million to $700 million 15
Revenue decelerating 2024-10-31
Revenue growth decelerated to -4.5% YoY (prior period +7.3%). 15
2024 · 15 events

“In fiscal 2024's fourth quarter, we achieved our organic sales outlook and exceeded expectations for profitability, closing a difficult year. Organic sales and adjusted EPS returned to growth in the second half.”

Fabrizio Freda, President and Chief Executive Officer 14
Operating income turned negative 2024-08-19
Q4 reported an operating loss of 233 million, primarily driven by $471 million in goodwill and other intangible asset impairments related to the Dr.Jart+ reporting unit, which reflected lower-than-expected growth and a strategic decision to exit travel retail 14 13
Acquisition 2024-08-19
Full acquisition of DECIEM Beauty Group Inc. completed in May 2024 for $859 million, bringing ownership to 100% 14

“With our third quarter results and fourth quarter outlook, we are confident that the second half of fiscal 2024 will prove to be an inflection point for our Company performance. We expect accelerating momentum in organic sales growth in the fourth quarter, and for operating margin in the second half of fiscal 2024 to not only be stronger than the first half but also to expand from the year-ago period.”

Fabrizio Freda, President and Chief Executive Officer 12
Revenue accelerating ◦ 2024-05-01
Net sales increased 5% to 3,940 million; organic net sales grew 6%, driven by double-digit growth in EMEA and recovery in the Asia travel retail channel 12
Margin expanding 2024-05-01
Gross margin expanded 280 basis points to 71.9% from 69.1%, driven by favorable business mix, reduction in obsolescence charges, and strategic pricing; operating income increased 79% to 531 million 11 12
Guidance cut 2024-05-01
Full-year fiscal 2024 organic net sales guidance reduced to (2%) to (1%) and adjusted diluted EPS guidance revised to $2.14 to $2.24, with an inflection in profitability in the second half expected 12
Net income doubled 2024-05-01
Net income more than doubled YoY (156.0 to USD 330.0 million, +112%). 11
Cash flow inflection 2024-05-01
Operating cash flow reached USD 534.0 million vs USD 266.0 million in 2023-Q3 (×2.0). 11

“For the second quarter of fiscal 2024, we delivered our organic sales outlook and exceeded expectations for profitability. The Ordinary and La Mer in Skin Care, Clinique in Makeup, and Le Labo and Jo Malone London in Fragrance performed strongly. Many developed and emerging markets around the world continued to grow organically and at retail. While mainland China and Asia travel retail declined, our retail sales trended ahead of organic sales, and these businesses are poised to return to organic sales growth in the second half.”

Fabrizio Freda, President and Chief Executive Officer 10
Revenue decelerating ◦ 2024-02-05
Organic net sales declined 8% in Q2, with EMEA net sales declining 13% driven by Asia travel retail inventory reset and continued mainland China prestige beauty softness 10 9
Guidance cut 2024-02-05
Full-year fiscal 2024 outlook revised: organic net sales guidance tightened to flat to 1% growth and adjusted diluted EPS lowered to $2.08 to $2.23 10
Strategic pivot 2024-02-05
Profit Recovery Plan launched November 1, 2023 with a restructuring program targeting 1,800 to 3,000 position reductions globally, estimated charges of $500 to $700 million, and annual gross benefits of $350 to $500 million before taxes 9

“In the context of a quarter which we anticipated to be challenging, we delivered our organic sales outlook and exceeded expectations for profitability. Momentum continued in many developed and emerging markets around the world, where our organic sales grew strongly and we realized prestige beauty share gains. Encouragingly, we returned to growth in the U.S., with Fragrance, Makeup and Skin Care all contributing. This performance partially offset the pressures of Asia travel retail and a slower recovery of overall prestige beauty in mainland China.”

Fabrizio Freda, President and Chief Executive Officer 8

“Our first quarter results are largely aligned with our outlook on an adjusted basis, despite the fact that the expected headwinds in China and Asia travel retail were greater than anticipated. Our Profit Recovery and Growth Plan drove gross margin expansion, which was partially offset by operating deleverage. Other pillars of our strategic reset also delivered promising initial results.”

Fabrizio Freda, President and Chief Executive Officer 16
Operational disruption 2023-11-01
Cybersecurity incident disclosed July 2023 impacted operations and was dilutive to Q1 earnings per share by $0.08 8
Revenue decelerating 2023-11-01
Net sales declined 10% to 3,518 million, driven primarily by a 13% decrease in volume as Asia travel retail faced a retailer inventory reset and mainland China prestige beauty recovery slowed 7
Guidance cut 2023-11-01
Company lowered full-year fiscal 2024 outlook citing incremental external headwinds 8
Operating income halved 2023-11-01
Operating income more than halved YoY (661.0 to USD 98.0 million, -85%). 7
Net income halved 2023-11-01
Net income more than halved YoY (489.0 to USD 31.0 million, -94%). 7

Estée Lauder Companies Business Model

How Estée Lauder Companies (EL) makes its money, summarised from the filings up to Q4 FY2026, neutral and without forecast. NadirAlpha methodology

Estée Lauder is a multinational prestige beauty company that develops, manufactures, markets, and sells skincare, makeup, fragrance, and hair care products under a portfolio of brands including Estée Lauder, La Mer, Clinique, MAC, Jo Malone London, TOM FORD, Le Labo, KILIAN PARIS, The Ordinary, and others across approximately 150 countries and territories. Revenue is generated through department stores, specialty-multi retailers, company-operated freestanding stores and salons, e-commerce platforms, and travel retail, with product sales organized across four reported segments: Skin Care, Makeup, Fragrance, and Hair Care. Estée Lauder Companies earns primarily through direct brand ownership, with Skin Care representing the largest segment by net sales, operating across multiple price tiers within the prestige beauty market.

Estée Lauder Companies Stock: Share-Price Drivers

What determines the business trajectory of Estée Lauder Companies according to management, summarised from the reports up to Q4 FY2026. NadirAlpha methodology

Margin and profit recovery under the Profit Recovery and Growth Plan restructuring program
Estée Lauder reported an operating loss of 39 million and a net loss of 116 million in 2026-Q4 against adjusted operating income of 267 million, so the restructuring program expanded in the fiscal 2025 third quarter is central to restoring profitability, 130 29.
Profit Recovery and Growth Plan restructuring
Estée Lauder expanded the Profit Recovery and Growth Plan in the fiscal 2025 third quarter, with the earlier Profit Recovery Plan targeted for completion by the end of fiscal 2026; reported operating income has swung between a loss of 390 million in 2025-Q4 and 401 million in 2026-Q2, 29 10.
Fragrance category traction
Fragrance is gaining traction, reported up 10% for FY2026, supported by launches including TOM FORD Oud Voyager and TOM FORD Taormina Orange Eau de Parfum, 30.
Skin Care, the largest product category
Skin Care, the company's largest category by revenue, was reported higher for FY2026 (stated growth 4%), with launches such as La Mer Balancing Infused Emulsion and The Ordinary Caffeine Solution 5% + EGCG Eye Serum, 30.
Mainland China and Asia/Pacific demand
Estée Lauder reported Mainland China higher for FY2026 (stated growth 9%) and Asia/Pacific higher (stated growth 4%), 30.
Amazon U.S. Premium Beauty store expansion
Estée Lauder Companies is building distribution on Amazon's U.S. Premium Beauty store, with eleven brands launched as of June 2025 including Aveda, Origins and The Ordinary, and further launches in Amazon.ca, 29 22.
TOM FORD brand integration
Estée Lauder continued to fund the TOM FORD acquisition, with a deferred consideration payment in fiscal 2026 Q1, while launching new TOM FORD fragrance products, 25 29 30.
Makeup category
Makeup remains a large category for Estée Lauder, with new launches such as M·A·C Skinfinish Lightstruck Liquid Highlighter and M·A·C Skinfinish Colourstruck Blush and a planned entry into select U.S. Sephora locations, 24 30.

Sector trend: Demand across the prestige beauty sector is mixed, with fragrance and parts of Asia improving while overall category growth stays subdued, 30. Profitability is under pressure, as Estée Lauder's reported operating margin swung to losses in several quarters and the company is leaning on restructuring and new distribution channels to rebuild margins, 130 29.

Estée Lauder Companies Revenue by Type (as of 2026-Q4 · USD million · 10/10)

Where the revenue of Estée Lauder Companies comes from: segments and product types with share, growth and margin, as of Q4 FY2026, older structures remain in the expandable part. NadirAlpha methodology

Estée Lauder Companies: revenue by segment, as of 2026-Q4, in USD million. Compiled by NadirAlpha from SEC filings.
SegmentSinceRevenueGrowthSource
Period FY2026 (12M)
EUKEM2025-Q13,7941%30
Mainland China2025-Q13,0589%30
OtherFY2023103–29
Skin Care2022-Q37,3384%30
The Americas2022-Q34,4631%30
Makeup2022-Q34,276–30
Asia/Pacific2022-Q33,7464%30
Fragrance2022-Q32,77910%30
Hair Care2022-Q35651%30
Period FY2025 (12M?)
Europe, the Middle East & Africa2022-Q35,375-13%22

Estée Lauder Companies Products & announcements (76/112 active+recent)

What Estée Lauder Companies launched, had approved or announced, from the filings up to Q4 FY2026, each row with the date of first mention. NadirAlpha methodology

Status: PlannedLaunched

Estée Lauder Companies: product announcements from the filings, 111 entries. Compiled by NadirAlpha from SEC filings.
Product/LineSinceStatusSource
2026
M·A·C Skinfinish Colourstruck Blush Launch2026-1230
La Mer Balancing Infused Emulsion launch2026-1230
TOM FORD and other brand.com sites launch2026-0328
TOM FORD Runway Eye Color Quad relaunch2026-0328
M·A·C launch in select Sephora locations (4×)2026-0324
M·A·C Sephora launch2026-0326
Jo Malone London Two Sisters, One Perfect Pear campaign2026-0328
BALMAIN Beauty Destin de Balmain Eau de Parfum2026-0328
Estée Lauder Double Wear next-generation matte innovation launch2026-0225
Clinique and ACUVUE collaboration2026-0226
Bumble and bumble SalonCentric launch2026-0226
TOM FORD freestanding store United Kingdom (2×)2026-0128
M·A·C expansion on Amazon2026-0128
M·A·C Powder Kiss Lip + Cheek Mousse2026-0128
KILIAN PARIS Her Majesty2026-0128
Estée Lauder Revitalizing Supreme+ Sculpting Face Serum2026-0128
The Ordinary targeted expanded consumer reach202629
TOM FORD new product launches with halo benefits202629
TOM FORD Soleil Neige launch202630
TOM FORD Oud Voyager202630
TOM FORD Figue Érotique launch (3×)202630
M·A·C Powder Kiss Hazy Matte Lipstick (2×)202628
Le Labo Violette 30 launch202630
La Mer Treatment Lotion franchise expansion202629
KILIAN PARIS Angels' Share on the Rocks launch202630
KILIAN PARIS Angels' Share and Love, don't be shy franchises202629
Jo Malone London Beach Blossom Cologne recognition at Fragrance Foundation Awards202630
Estée Lauder hero product franchises and new product launches202629
Estée Lauder Double Wear Stay-in-Place Longwear Matte Foundation launch202630
14 net new freestanding fragrance stores opened globally (2×)202624
2025
Jo Malone London AI Scent Advisor2025-1226
Estée Lauder Re-Nutriv Ultimate Lift Rejuvenating Oil2025-1226
The Ordinary Volufiline 92% + Pal-Isoleucine 1% Targeted Plumping Serum2025-1128
TOM FORD solid-to-liquid lip formula and Soleil Neige collection2025-1126
La Mer The New Lip Treatment2025-1126
Lab Series launch on cosme SHOPPING Amazon Japan2025-1024
Global Fragrance Atelier opened in Paris2025-1024
M·A·C Skinfinish Lightstruck Liquid Highlighter2025-0924
Multiple new product launches from La Mer in mainland China and Japan2025-0919
Le Labo Classic Collection new product launches (2×)2025-0929
Estée Lauder Advanced Night Repair Eye Lift + Sculpt Eye Cream2025-0924
The Ordinary Sulfur 10% Powder-to-Cream Concentrate2025-0824
TOM FORD Black Orchid Reserve2025-0824
TOM FORD Architecture Radiance Hydrating Foundation2025-0828
La Mer 'La Mer Gives Skin Life' platform launch2025-0824
M·A·C Lipglazer Glossy Liner2025-0724
Jo Malone London Raspberry Ripple2025-0724
Estée Lauder Re-Nutriv Ultimate Diamond Age Reversal Treatment Lotion2025-0724
KILIAN PARIS event during Cannes Film Festival2025-0522
The Ordinary in Turkey2025-0420
Clinique Moisture Surge Active Glow Serum2025-0320
The Ordinary Multi-Active Delivery Essence2025-0220
The Ordinary Launch in Mainland China2025-0218
Le Labo Eucalyptus 202025-0220
Jo Malone London Hand Creams relaunch2025-0220
Beauty Reimagined Strategic Vision2025-0229
The Ordinary Launch in Thailand2025-0118
The Ordinary GF 15% Solution Anti-Aging Serum2025-0118
M·A·C Nudes Collection2025-0120
Estée Lauder Re-Nutriv Longevity Eye Expansion2025-0118
Collaboration with Massachusetts Institute of Technology on Biotechnology Innovations2025-0118
Collaboration with MIT2025-0122
One ELC operating model implementation202529
M·A·C Lipglass Air, TOM FORD Architecture Soft Matte Blurring Cushion Foundation, The Ordinary UV Filters SPF 45 Serum202522
Le Labo Eucalyptus 20 and Jo Malone London Hinoki and Cedarwood202522
La Mer The New Balancing Treatment Lotion, Clinique Almost Lipstick in Nude Honey202522
La Mer Night Recovery Concentrate (3×)202528
Fragrance Atelier Location Opening in Paris, France202522
Estée Lauder Double Wear Stay-in-Place 24-hour Concealer (2×)202520
2024
Clinique launch on Amazon (9×)2024-1224
MACximal Sleek Satin Lipstick (2×)2024-1022
BALMAIN Beauty launch (4×)2024-0929
Le Labo flagship store in Beijing and Seoul (3×)202422
2023
The Ordinary on Amazon's U.S. Premium Beauty (29×)2023-0929
Aveda expansion into mainland China (3×)2023-0323
The Ordinary Multi-Peptide Eye Serum launch (4×)202330
2024
La Mer night-specific consumption entry2024-1214
BioTech Hub opened in Belgium (2×)2024-1222
Clinique CX Advanced Post-Procedure Treatment Franchise for China2024-1118
Talcum litigation settlement agreements with plaintiff law firms2024-0815
Nutritious line of products2024-0610
Le Labo expansion in mainland China, Thailand, Malaysia2024-0610
Le Labo City Exclusives collection2024-0610
Jo Malone London Cologne Intense collection2024-0610
2023
Le Labo launch in mainland China2023-128
TOM FORD Private Blend Cherry Collection launch2023-094
The Ordinary new product launches and regional expansion2023-069
TOM FORD Noir Extreme Parfum launch (2×)2023-064
M·A·C Powder Kiss Velvet Blur Slim Stick2023-062
Jo Malone London new product launches2023-069
Estée Lauder Beautiful Magnolia Intense2023-062
Clinique new product launches2023-069
Ultra-Shine Lip Color (TOM FORD)20238
Too Faced mascara primer20238
The Ordinary launch in India and Middle East20236
TOM FORD Café Rose launch (2×)20237
Soothing & Barrier Support Serum (The Ordinary)202310
New manufacturing facility near Tokyo20235
New Research and Development facility in China20235
M·A·C Studio Radiance Foundation202310
M·A·C Locked Kiss Ink 24HR Lipcolour202310
M·A·C Hyper Real line launch (3x)202310
Manufacturing facility in Japan (5x)202310
High Impact High-Fi Full Volume Mascara (Clinique)20238
Distribution center opening in Guangzhou, China20235
China Innovation Labs20232
Aveda Launch in Mainland China20236
Advanced Night Repair Rescue Solution with Bifidus Ferment202310
Advanced Night Cleansing Balm202310
2022
Le Labo mainland China launch2022-129
The Ordinary hair care products launch2022-095

Estée Lauder Companies Transactions & Events (20)

Transactions of Estée Lauder Companies since 2023: acquisitions, disposals, agreements and regulation, deliberately including smaller items; purchase prices only when the company names them. NadirAlpha methodology

Acquisitions · 14Partnerships/contracts · 3Divestitures/exits · 1older: 2 (in the table)
202420252026

Acquisitions by Estée Lauder Companies

Estée Lauder Companies: Acquisitions, 14 entries. Compiled by NadirAlpha from SEC filings.
Transaction / stakeDateTypeSource
2026
111Skin minority investment2026-04Completed28
Forest Essentials acquisition2026-03Completed28
XINÚ minority stakes announcement (2x)2026Announced30
Forest Essentials remaining interest acquisition2026Completed29
Forest Essentials minority stake acquisition2026Completed30
2025
XINÚ Mexican luxury fragrance brand investment2025-11Completed26
2024
DECIEM remaining interest purchase2024-12Completed13
DECIEM acquisition - remaining interest2024-09Completed12
DECIEM acquisition remaining payment2024-05Announced10
Profit Recovery and Growth Plan expansion (6×)2024-02Completed29
DECIEM Beauty Group remaining interest acquisition2024Completed29
DECIEM Beauty Group acquisition2024Completed21
2023
TOM FORD acquisition (7×)2023-04Completed25
DECIEM investment increase to approximately 76%2023Completed5

Divestitures and exits by Estée Lauder Companies

Estée Lauder Companies: Divestitures / exits, 3 entries. Compiled by NadirAlpha from SEC filings.
Transaction / stakeDateTypeSource
2024
Dr.Jart+ exit from travel retail channel Korea (3×)2024-11Divested20
2022
License terminations of certain designer fragrances effective June 30, 20222022-06Divested5
License Terminations - Donna Karan New York, DKNY, Michael Kors, Tommy Hilfiger, Ermenegildo Zegna (3×)2022-06Divested13

Partnerships and contracts of Estée Lauder Companies

Estée Lauder Companies: Partnerships & contracts, 3 entries. Compiled by NadirAlpha from SEC filings.
Transaction / stakeDateTypeSource
2025
Shopify Inc. strategic partnership for digital technology modernization2025-10Agreement24
Strategic partnership with Adobe for Firefly generative AI integration2025Agreement22
Jo Malone London partnership with GQ for Men of Year Awards 20242025Agreement22

Estée Lauder Companies Risks (47 since the annual report of 2026-08-19, 239 tracked in total)

Which risks Estée Lauder Companies has named since the annual report, company-specific first, generic standard risks in the expandable part; first mention refers to the document base from 2023. NadirAlpha methodology

Category: FinancialMacroMarketCustomersLegalCyberESGSupply chainPeopleRegulatoryTechnologyCompetitionGeopolitics

Estée Lauder Companies: risk factors as reported, 47 since the last annual report, 239 tracked. Compiled by NadirAlpha from SEC filings.
RiskCategoryLast reported
Estée Lauder Companies: first mention in 10-K annual report of 2025-08-20 (FY2025), source 21
Financial difficulties of retailers could increase credit risk and collections challenges.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 8-K-EX99.1 earnings release of 2026-08-19 (FY2026), source 30
Changes in global or local economic conditions including inflation may affect consumer purchasing and operations=
Shifts in consumer preferences regarding value perception and shopping location may impact sales=
Estée Lauder Companies: first mention in 10-K annual report of 2026-08-19 (FY2026), source 29
Uncertain ability to realize deferred tax assets; valuation allowances could be material if performance declines.=
Severe adverse impacts on major retail customers could significantly affect business performance.=
Intellectual property disputes and trademark protection challenges globally.=
Litigation including asbestos-related claims and product defect claims could result in material losses.=
Reliance on information technology systems presents risks from system failures and cyber attacks.=
Global supply chain network optimization focused on sourcing and manufacturing in geography of sale.=
Inability to achieve announced ESG and sustainability goals could damage brand reputation.=
Consolidations in retail industry affecting store distribution and receivables collection.=
Inflationary pressures and tariffs impacting manufacturing costs; excess inventory pressures.=
Foreign currency exchange rate fluctuations affect business performance and competitive positioning.=
Middle East conflict impact on travel retail and domestic markets; accounted for approximately 2% of net sales.=
Change in duty-free retailers servicing Beijing and Shanghai airports creating transitory pressure.=
Restructuring activities increase risk of employment-related claims and disputes.=
Government reviews and regulatory investigations could result in fines and operational restrictions.=
Risks in use of AI including bias, hallucinations, intellectual property infringement and data privacy.=
Intense competition from multinational manufacturers, indie brands and private equity-backed competitors.=
Estée Lauder Companies: first mention in 10-Q quarterly report of 2026-05-01 (2026-Q3), source 27
Conflict in Middle East had unfavorable impact of 1% on consolidated sales and 2% on EUKEM sales in Q4 2026FY2026
2026-08-19 30
Securities class action settlement agreement in principle reached April 2026 with $84 million loss contingency recordedFY2026
2026-08-19 30
Estée Lauder Companies: first mention in 8-K-EX99.1 earnings release of 2026-02-05 (2026-Q2), source 26
Talcum litigation settlement agreements for current and potential future cosmetic talcum powder claims through 2029=
Estée Lauder Companies: first mention in 8-K-EX99.1 earnings release of 2025-10-30 (2026-Q1), source 24
Tariffs anticipated to have adverse effect on fiscal 2027 profitability; potential refunds from IEEPA tariffs.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 10-Q quarterly report of 2025-10-30 (2026-Q1), source 23
One Big Beautiful Bill Act enacted with multiple effective dates; uncertain impact on future fiscal years.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 8-K-EX99.1 earnings release of 2025-08-20 (2025-Q4), source 22
International emergency economic powers act tariffs of $102 million partially offset by $38 million in refunds receivedFY2026
2026-08-19 30
Estée Lauder Companies: first mention in 10-K annual report of 2025-08-20 (FY2025), source 21
GDPR and data privacy regulations create compliance costs and operational constraints.FY2026
2026-08-19 29
Inability to anticipate and respond to changing consumer preferences and market trends.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 8-K-EX99.1 earnings release of 2025-02-04 (2025-Q2), source 18
Ongoing challenges in key Western markets including Western Europe and United States.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 8-K-EX99.1 earnings release of 2024-10-31 (2024-Q1), source 16
Company entered into settlement agreements with plaintiff firms to resolve over 200 pending cosmetic talcum powder matters through December 2029FY2026
2026-08-19 30
Estée Lauder Companies: first mention in 10-Q quarterly report of 2024-10-31 (2025-Q1), source 15
Cosmetic talcum powder litigation pending through 2029 with capped annual settlement amounts2025-Q3
2025-05-01 20
Estée Lauder Companies: first mention in 10-K annual report of 2024-08-19 (FY2024), source 13
Pillar Two 15% global minimum tax being monitored for potential impacts across jurisdictions.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 8-K-EX99.1 earnings release of 2024-02-05 (2024-Q2), source 10
Ability to develop and implement new information technology on timely basis and within cost estimates.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 10-Q quarterly report of 2023-11-01 (2024-Q1), source 7
Cybersecurity incidents could compromise consumer and employee data, causing business disruption.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 8-K-EX99.1 earnings release of 2023-08-18 (2023-Q4), source 6
Tariffs on imported goods or geopolitical tensions could materially adversely affect business.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 10-K annual report of 2023-08-18 (FY2023), source 5
Loss of key executives and senior management could adversely affect business performance.FY2026
2026-08-19 29
Securities class action litigation settled in principle for $84 million net of insurance recoveries.2026-Q3
2026-05-01 28
Supply disruptions and single-source material dependencies could impact product availability.FY2026
2026-08-19 29
Economic downturns reduce consumer purchases of discretionary beauty products.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 10-Q quarterly report of 2023-05-03 (2023-Q3), source 3
Declines in net sales and profitability adversely impacting goodwill and intangible assets, resulting in $861 million impairments in Q22025-Q2
2025-02-04 18
Foreign currency fluctuations affect results of operations and value of foreign assetsFY2026
2026-08-19 30
Changes in laws regarding product ingredients, labeling, marketing and environmental matters.FY2026
2026-08-19 29
Estée Lauder Companies: first mention in 8-K-EX99.1 earnings release of 2023-02-02 (2023-Q2), source 2
Foreign currency fluctuations affected net sales by approximately $250 million favorably in fiscal 2026.FY2026
2026-08-19 29
Increased competitive activity from companies in skin care makeup fragrance and hair care businessesFY2026
2026-08-19 30
Estée Lauder Companies: first mention in 10-Q quarterly report of 2023-02-02 (2023-Q2), source 1
Disruptions at manufacturing facilities distribution centers or inventory centers may impact operations and increase costsFY2026
2026-08-19 30
Retail industry consolidations and bankruptcies may reduce number of stores selling company productsFY2026
2026-08-19 30
Increased competitive activity in skin care, makeup, fragrance and hair care businesses.FY2026
2026-08-19 29
Changes in foreign investment trade policies and regulations of host countries and United States may impact businessFY2026
2026-08-19 30
= last mention identical with the first mention (same source)

Estée Lauder Companies Reported KPIs (as disclosed) (136)

The story KPIs of Estée Lauder Companies that standard databases usually miss, grouped by publication, most recent first, with source number. NadirAlpha methodology

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
Estée Lauder Companies: reported KPIs as disclosed, 136 entries. Compiled by NadirAlpha from SEC filings.
KPIValue / changeSource
Estée Lauder Companies, published 2026-08-19, period FY2026
total debt to capitalization66%29
operating margin5.2%29
operating cash flow$1,77329
net sales$15,04929
lauder family voting power percentageapproximately 82%29
gross margin75.5%29
freestanding stores1,60029
countries and territories servedapproximately 15029
cash and equivalents$3,49829
Operating Margin5.2%30
Net cash flows provided by operating activities1.77 billion30
Gross Margin75.5%30
Cash and cash equivalents3.50 billion30
Capital expenditures457 million30
Adjusted Operating Margin, Non-GAAP11.2%30
Adjusted Gross Margin, Non-GAAP75.5%30
Estée Lauder Companies, published 2026-05-01, period 2026-Q3
Operating margin6.7%27
Net sales3,71227
Mainland China net sales growth (organic)6%28
Gross margin76.4%27
Free Cash Flow89128
Fragrance net sales growth (organic)10%28
Cash and cash equivalents3,12627
Estée Lauder Companies, published 2026-02-05, period 2026-Q2
Total debt as a percent of total capitalization64.5%25
Total debt7,32225
Net cash flows provided by operating activities78526
Gross Margin76.5%26
Cash and cash equivalents3,08225
Capital expenditures20426
Adjusted Operating Margin, Non-GAAP14.4%26
Adjusted Gross Margin, Non-GAAP76.5%26
Estée Lauder Companies, published 2025-10-30, period 2026-Q1
Total debt732323
Cash and cash equivalents221923
Operating Margin4.9%24
Net cash flows used for operating activities-34024
Gross Margin73.4%24
Effective Tax Rate56.9%24
Capital Expenditures9624
Adjusted Operating Margin, Non-GAAP7.3%24
Adjusted Gross Margin, Non-GAAP73.3%24
Adjusted Effective Tax Rate, Non-GAAP40.5%24
Estée Lauder Companies, published 2025-08-20, period FY2025
Total debt as percent of total capitalization65%21
Lauder family voting powerapproximately 84%21
Freestanding storesapproximately 1,60021
Demonstrators at points of saleapproximately 35,00021
Countries with wholly-owned operationsover 5021
Countries with online sitesapproximately 5021
Countries and territories with presenceapproximately 15021
Cash and cash equivalents2,92121
Estée Lauder Companies, published 2025-08-20, period 2025-Q4
Tariff-related profitability impact100 million22
Restructuring program cumulative charges747 million22
Quarterly dividend per share.3522
Net reduction in positions5,800 to 7,00022
Estée Lauder Companies, published 2025-05-01, period 2025-Q3
Quarterly Dividend Per Share.3520
Operating Income30620
Net Cash Flows from Operating Activities67120
Dividends Paid(492)20
Capital Expenditures(395)20
Estée Lauder Companies, published 2025-02-04, period 2025-Q2
Total debt728017
Impairment charge Tom Ford other5417
Impairment charge Tom Ford makeup17017
Impairment charge Tom Ford fragrance54917
Adjusted Operating Margin, Non-GAAP (Q2)11.5%18
Adjusted Operating Margin, Non-GAAP (H1)8.2%18
Adjusted Gross Margin, Non-GAAP76.1%18
Estée Lauder Companies, published 2024-10-31, period 2025-Q1
total debt as % of capitalization prior period59%15
total debt as % of capitalization61%15
operating margin prior year2.8%15
operating margin(3.6)%15
gross margin prior year69.6%15
gross margin72.4%15
effective tax rate prior year21.7%15
effective tax rate13.3%15
Estée Lauder Companies, published 2024-10-31, period 2024-Q1
Organic net sales growth(5%)16
Operating cash flow-67016
Gross margin72.4%16
Dividend per share.3516
Cash and cash equivalents2,35016
Capital expenditures14116
Estée Lauder Companies, published 2024-08-19, period FY2024
total debt % of capitalization59%13
multi-branded company storesover 30013
Lauder family voting powerapproximately 84%13
interest expense37813
interest and investment income net16713
freestanding storesapproximately 1,60013
countries with online sales sitesapproximately 5013
Cash and cash equivalents3,39513
Estée Lauder Companies, published 2024-08-19, period 2024-Q4
Organic net sales growth(2%)14
Operating cash flow$2.36 billion14
Dividends paid$0.95 billion14
Cash and cash equivalents$3.40 billion14
Capital expenditures$0.92 billion14
Estée Lauder Companies, published 2024-05-01, period 2024-Q3
Total debt7,77011
net cash flows from operating activities 9M1,47111
net cash flows from operating activities 9M1,01711
Cash and cash equivalents3,70111
Reported Operating Income - Q3$531 million12
Reported Net Sales - Q3$3.94 billion12
Organic Net Sales Growth - Q36%12
Operating Income Margin - Q313.5%12
Operating Cash Flow$1.47 billion12
Net Earnings$695 million12
Gross Margin - Q371.9%12
Dividends Paid$0.71 billion12
Cash and Cash Equivalents$3.70 billion12
Adjusted Operating Income - Q3$554 million12
Estée Lauder Companies, published 2024-02-05, period 2024-Q2
Total debt8,1409
Total debt8,14010
Property, plant and equipment, net3,22010
Operating lease right-of-use assets1,81910
Operating income margin13.4%10
Operating expense margin59.6%10
Net cash flows from operating activities93710
Long-term debt6,64010
Gross margin73.0%10
Effective tax rate37.6%10
Dividends paid47410
Current debt1,50010
Cash and cash equivalents3,93910
Capital expenditures52710
Estée Lauder Companies, published 2023-11-01, period 2024-Q1
Organic Net Sales-11%8
Operating margin2.8%7
Operating income margin2.8%8
Operating income98 million8
Net sales3,518 million8
Net cash flows used for operating activities-408 million8
Gross margin69.6%7
Gross margin69.6%8
Effective tax rate21.7%7
Dividends paid236 million8
Diluted EPS (GAAP)$.098
Cash and cash equivalents3,090 million8
Capital Expenditures295 million8
Adjusted Operating Income (Non-GAAP)108 million8
Adjusted Diluted EPS$.118
Adjusted Constant Currency EPS$.128

Estée Lauder Companies Development

The business development of Estée Lauder Companies period by period up to Q4 FY2026, each text from the original report of that period, source numbers lead to the source. NadirAlpha methodology

FY2026: Estée Lauder Companies

Estée Lauder generated full-year net sales of USD 15,049 million in fiscal 2026, an increase of 5% from fiscal 2025 driven by volume growth of 2%, favorable foreign currency translation of 2%, and pricing increases of 1% 29. Operating income recovered to USD 780 million compared to an operating loss of $785 million in fiscal 2025, primarily reflecting a favorable comparison to prior-year impairment charges and increased sales 29. Gross margin expanded 150 basis points to 75.5% and free cash flow improved to USD 1,316 million, both supported by benefits from the Profit Recovery and Growth Plan 29 30. For fiscal 2027, the company affirmed organic net sales growth of 3% to 5% and raised adjusted operating margin guidance to a range of 12.7% to 13.5% 30.

FY2025: Estée Lauder Companies

Estée Lauder recorded full-year revenue of USD 14,326 million in fiscal 2025, down 8% from the prior year, as a 10% volume decline across all product categories and geographic regions was only partially offset by a 2% pricing increase, with Asia/Pacific and travel retail under particular pressure 21. Estée Lauder Companies swung to an operating loss of USD 785 million from operating income of $970 million in fiscal 2024, driven by $1,286 million in goodwill and intangible asset impairments including $773 million on the TOM FORD trademark and $375 million on Dr.Jart+ assets 21. Gross margin improved 230 basis points to 74.0%, supported by cost efficiencies and lower obsolescence charges from the Profit Recovery and Growth Plan, though operating cash flow fell to USD 1,272 million from $2,360 million in fiscal 2024 21. In February 2025, Estée Lauder launched its Beauty Reimagined strategic vision and expanded the Profit Recovery and Growth Plan to target 5,800 to 7,000 position reductions representing 9 to 11% of the global workforce, with expected annual gross benefits of $800 million to $1,000 million 21.

FY2024: Estée Lauder Companies

Estée Lauder Companies reported full-year fiscal 2024 net sales of 15,608 million, with net sales decreasing 2% primarily from lower skin care sales driven by softness in mainland China and the Asia travel retail business 13. Operating income declined to 970 million, significantly impacted by $471 million in goodwill and intangible asset impairments related to the Dr.Jart+ reporting unit, which had shifted strategy to exit travel retail 13. Full-year diluted EPS declined 61% to 1.08 per share, while adjusted diluted EPS was 2.59 per share 13 14. Estée Lauder launched the Profit Recovery and Growth Plan targeting $1.1 to $1.4 billion in operating profit net savings through fiscal years 2025 and 2026, alongside a restructuring program targeting 1,800 to 3,000 position reductions globally 13. Operating cash flow improved to 2,360 million, driven by favorable working capital changes, and the company completed the full acquisition of DECIEM Beauty Group Inc. for $859 million in May 2024 13.

FY2023: Estée Lauder Companies

Estée Lauder Companies posted full-year net sales of 15,910 million in fiscal 2023, a decrease of 10% on a reported basis and 7% in constant currency, driven by a slower-than-expected recovery in Asia travel retail and mainland China, pandemic-related restrictions, a stronger U.S. dollar, and global inflationary pressures 5. Gross margin declined 440 basis points to 71.3%, reflecting unfavorable product mix, higher manufacturing costs, and obsolescence charges, while operating income reached 1,509 million; the year also included $207 million in trademark impairment charges for Dr.Jart+, Too Faced, and Smashbox 5. Diluted EPS decreased 57% to 2.79 6. Estée Lauder completed the acquisition of the TOM FORD brand on April 28, 2023, and disclosed a cybersecurity incident in July 2023 involving unauthorized third-party access to some systems and consumer data 5. The fourth quarter returned to growth, with net sales of 3,609 million up 1% reported and 4% organic, while Fragrance achieved double-digit growth across every region 6.

Glossary

  • Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
  • Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
  • Op. income (adj.): Adjusted operating income, verbatim and company-defined (non-GAAP), never derived.
  • Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
  • EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
  • EPS adj.: Adjusted earnings per share, verbatim and company-defined (non-GAAP).
  • FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
  • OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
  • Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
  • Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
  • *: derived, the formula is in the hover
  • ≈: calculated, approximation
  • ~: uncertain; the value stays visible, verdicts do not use it
  • °: repaired by a targeted query against the document, or curated with documentary evidence
  • EBIT: EBIT as a fallback: the income statement carries no operating line
  • basic: basic earnings per share as a fallback when diluted is missing

Sources: quarterly reports, annual reports and investor relations documents

The evidence base for Estée Lauder Companies stock: every document with type and date, every figure in the report leads here by number and to the original by link. NadirAlpha methodology

48 documents · 2016 to 2026 · SEC EDGAR (USA)
Sources for Estée Lauder Companies stock: 48 original documents, 2016 to 2026. Compiled by NadirAlpha.
#Document typePublished
#110-Q quarterly report2023-02-02
#2 / #1028-K-EX99.1 earnings release2023-02-02
#310-Q quarterly report2023-05-03
#4 / #1048-K-EX99.1 earnings release2023-05-03
#510-K annual report2023-08-18
#6 / #1068-K-EX99.1 earnings release2023-08-18
#710-Q quarterly report2023-11-01
#8 / #1088-K-EX99.1 earnings release2023-11-01
#910-Q quarterly report2024-02-05
#10 / #1108-K-EX99.1 earnings release2024-02-05
#1110-Q quarterly report2024-05-01
#12 / #1128-K-EX99.1 earnings release2024-05-01
#1310-K annual report2024-08-19
#14 / #1148-K-EX99.1 earnings release2024-08-19
#1510-Q quarterly report2024-10-31
#16 / #1168-K-EX99.1 earnings release2024-10-31
#1710-Q quarterly report2025-02-04
#18 / #1188-K-EX99.1 earnings release2025-02-04
#1910-Q quarterly report2025-05-01
#20 / #1208-K-EX99.1 earnings release2025-05-01
#2110-K annual report2025-08-20
#22 / #1228-K-EX99.1 earnings release2025-08-20
#2310-Q quarterly report2025-10-30
#24 / #1248-K-EX99.1 earnings release2025-10-30
#2510-Q quarterly report2026-02-05
#26 / #1268-K-EX99.1 earnings release2026-02-05
#2710-Q quarterly report2026-05-01
#28 / #1288-K-EX99.1 earnings release2026-05-01
#2910-K annual report2026-08-19
#30 / #1308-K-EX99.1 earnings release2026-08-19
Older sources (+18)
Older sources for Estée Lauder Companies, 18 documents
#Document typePublished
#21110-K annual report2016-05-03
#21510-K annual report2016-08-24
#21310-Q quarterly report2017-02-02
#21210-Q quarterly report2017-11-01
#21610-Q quarterly report2018-02-02
#21710-K annual report2018-02-02
#21410-Q quarterly report2018-05-02
#20110-K annual report2018-08-24
#21810-Q quarterly report2019-02-05
#20510-K annual report2019-08-23
#20910-K annual report2019-08-23
#20210-Q quarterly report2019-10-31
#20310-Q quarterly report2020-02-06
#20410-Q quarterly report2020-05-01
#20610-Q quarterly report2020-11-02
#20710-Q quarterly report2021-02-05
#20810-Q quarterly report2021-05-03
#21010-Q quarterly report2021-11-02

Estée Lauder Companies Stock FAQ

Is there a management forecast (guidance) for FY2027?

Yes. Management has issued targets for FY2027, including Tax rate. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.

Does Estée Lauder Companies pay a dividend?

The filings report on the dividend; most recent entry: dividend per share .35 (2025-Q4) (as reported, no assessment of our own). Details with source links are in the report chapters.

Where can I find the official investor relations documents of Estée Lauder Companies?

NadirAlpha links all 48 original filings used (SEC filings) in the sources chapter: earnings release, quarterly report, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.

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