EL

MKT CAP:$28B

The Estée Lauder Companies Inc.

Market Cap

$28B

Consumer Defensive·Household & Personal Products·🇺🇸 United States·NYSE

Consumer Def.·Household·🇺🇸·NYSE

Stock Price

$77.51-$29.25 (-27.40%)

Apr 24, 2026

Company Details

The Estée Lauder Companies Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care,...

CEO

Stephane de la Faverie

IPO Date

Nov 17, 1995

Website

www.elcompanies.com

Key Metrics TTM

Revenue

$14.7B

-3.3% YoY

Net Income

-$178M

EPS (Diluted)

-$0.50

Free Cash Flow

$1.1B

Revenue / Share

$40.23

Gross Margin

74.4%

Operating Margin

7.3%

Net Margin

-1.2%

FCF Margin

7.7%

P/S

1.9x

P/E

—

Earnings Reports

Q3 2026

May 1, 2026

PENDING

Q2 2026

Feb 5, 2026

$4.2B+5.8%EPS $0.44

Q1 2026

Oct 30, 2025

$3.5B+3.6%EPS $0.13

FY 2025

Aug 20, 2025

$14.3B-8.5%EPS -$3.15

Q4 2025

Aug 20, 2025

$3.4B-12.0%EPS -$1.51

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$4.2B	$3.3B	$738M
Q4 22	$3.6B	$2.5B	$79M
Q1 23	$3.9B	$2.9B	$661M
Q2 23	$4.6B	$3.4B	$556M
Q3 23	$3.8B	$2.6B	$297M
Q4 23	$3.6B	$2.4B	-$5M
Q1 24	$3.5B	$2.4B	$98M
Q2 24	$4.3B	$3.1B	$574M
Q3 24	$3.9B	$2.8B	$531M
Q4 24	$3.9B	$2.8B	-$233M
Q1 25	$3.4B	$2.4B	-$121M
Q2 25	$4.0B	$3.0B	-$580M
Q3 25	$3.5B	$2.7B	$306M
Q4 25	$3.4B	$2.5B	$8M
Q1 26	$3.5B	$2.6B	$169M
Q2 26	$4.2B	$3.2B	$587M

Valuation

Quarter	P/S	P/E
Q3 22	5.5x	29.7x
Q4 22	5.3x	39.4x
Q1 23	4.5x	35.8x
Q2 23	5.7x	62.7x
Q3 23	5.6x	81.0x
Q4 23	4.5x	70.5x
Q1 24	3.3x	93.9x
Q2 24	3.3x	106.9x
Q3 24	3.6x	85.2x
Q4 24	2.4x	97.2x
Q1 25	2.3x	176.8x
Q2 25	1.8x	—
Q3 25	1.6x	—
Q4 25	2.0x	—
Q1 26	2.2x	—
Q2 26	2.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$123M	-$76M
Q4 22	$1.1B	$689M
Q1 23	-$650M	-$802M
Q2 23	$1.4B	$1.1B
Q3 23	$266M	$25M
Q4 23	$714M	-$1.9B
Q1 24	-$408M	-$703M
Q2 24	$1.3B	$1.1B
Q3 24	$534M	$359M
Q4 24	$889M	$672M
Q1 25	-$670M	-$811M
Q2 25	$1.1B	$925M
Q3 25	$284M	$162M
Q4 25	$601M	$394M
Q1 26	-$340M	-$436M
Q2 26	$1.1B	$1.0B

Capital Expenditures

Quarter	CapEx
Q3 22	$199M
Q4 22	$382M
Q1 23	$152M
Q2 23	$267M
Q3 23	$241M
Q4 23	$2.6B
Q1 24	$295M
Q2 24	$232M
Q3 24	$175M
Q4 24	$217M
Q1 25	$141M
Q2 25	$132M
Q3 25	$122M
Q4 25	$207M
Q1 26	$96M
Q2 26	$108M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+9.9%	+8.0%
Q4 22	-9.5%	-5.9%
Q1 23	-10.5%	-5.4%
Q2 23	-16.6%	-1.4%
Q3 23	-11.6%	-1.5%
Q4 23	+1.3%	+3.8%
Q1 24	-10.5%	+4.6%
Q2 24	-7.4%	-8.8%
Q3 24	+5.0%	-1.3%
Q4 24	+7.3%	+13.6%
Q1 25	-4.5%	+1.8%
Q2 25	-6.4%	+23.7%
Q3 25	-9.9%	-4.8%
Q4 25	-12.0%	-17.2%
Q1 26	+3.6%	-4.9%
Q2 26	+5.8%	-20.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$88M	2.5%
Q2 26	-$88M	-2.1%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q3 22	—	$2.3B	—
Q4 22	—	$2.3B	—
Q1 23	—	$2.2B	—
Q2 23	—	$2.6B	—
Q3 23	—	—	$2.3B
Q4 23	—	$7.2B	—
Q1 24	—	—	$2.3B
Q2 24	—	—	$2.5B
Q3 24	—	—	$2.3B
Q4 24	$360M	—	$2.4B
Q1 25	—	—	$2.3B
Q2 25	—	—	$2.6B
Q3 25	—	—	$2.3B
Q4 25	—	—	$2.4B
Q1 26	—	—	$2.3B
Q2 26	—	—	$2.6B

Revenue Segments

Quarter	Fragrance	Hair Care	Makeup	Skin Care
Q3 22	$579M	$147M	$1.1B	$2.4B
Q4 22	$521M	$156M	$993M	$1.9B
Q1 23	$607M	$158M	$1.1B	$2.1B
Q2 23	$775M	$182M	$1.3B	$2.4B
Q3 23	$585M	$149M	$1.1B	$1.9B
Q4 23	$545M	$164M	$1.1B	$1.8B
Q1 24	$637M	$148M	$1.1B	$1.6B
Q2 24	$737M	$173M	$1.2B	$2.2B
Q3 24	$575M	$143M	$1.1B	$2.1B
Q4 24	$538M	$165M	$1.1B	$2.0B
Q1 25	$630M	$139M	$1.0B	$1.5B
Q2 25	$744M	$159M	$1.1B	$1.9B
Q3 25	$557M	$126M	$1.0B	$1.8B
Q4 25	$560M	$141M	$982M	$1.7B
Q1 26	$721M	$129M	$1.0B	$1.6B
Q2 26	$812M	$168M	$1.2B	$2.1B

Revenue by Geography

Quarter	Asia Pacific	E M E A	United States
Q3 22	$1.2B	$2.0B	$1.1B
Q4 22	$1.0B	$1.5B	$1.1B
Q1 23	$1.1B	$1.7B	$1.1B
Q2 23	$1.6B	$1.8B	$1.2B
Q3 23	$1.2B	$1.5B	$1.1B
Q4 23	$1.3B	$1.3B	$1.1B
Q1 24	$1.1B	$1.3B	$1.2B
Q2 24	$1.4B	$1.6B	$1.2B
Q3 24	$1.2B	$1.6B	$1.1B
Q4 24	$1.2B	$1.7B	$1.0B
Q1 25	$944M	$1.2B	$1.2B
Q2 25	$1.3B	$1.5B	$1.2B
Q3 25	$1.1B	$1.4B	$1.1B
Q4 25	$1.2B	$1.3B	$949M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$3.8B	$0	$3.8B
Q4 22	$4.0B	$0	$4.0B
Q1 23	$2.9B	$0	$2.9B
Q2 23	$3.7B	$0	$3.7B
Q3 23	$5.5B	$0	$5.5B
Q4 23	$4.0B	$0	$4.0B
Q1 24	$3.1B	$0	$3.1B
Q2 24	$3.9B	$0	$3.9B
Q3 24	$3.7B	$0	$3.7B
Q4 24	$3.4B	$0	$3.4B
Q1 25	$2.4B	$0	$2.4B
Q2 25	$2.6B	$0	$2.6B
Q3 25	$2.6B	$0	$2.6B
Q4 25	$2.9B	$0	$2.9B
Q1 26	$2.2B	$0	$2.2B
Q2 26	$3.1B	$0	$3.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	364M	-0.7%	-1.5%
Q4 22	362M	-0.6%	-1.9%
Q1 23	361M	-0.1%	-1.8%
Q2 23	360M	-0.3%	-1.5%
Q3 23	361M	+0.2%	-0.7%
Q4 23	358M	-0.8%	-0.9%
Q1 24	361M	+0.6%	-0.2%
Q2 24	360M	-0.1%	-0.1%
Q3 24	361M	+0.2%	-0.1%
Q4 24	359M	-0.4%	+0.3%
Q1 25	360M	+0.1%	-0.2%
Q2 25	360M	+0.1%	0.0%
Q3 25	361M	+0.4%	+0.2%
Q4 25	361M	-0.2%	+0.4%
Q1 26	363M	+0.7%	+1.0%
Q2 26	365M	+0.4%	+1.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$68.5K	62K
Q4 22	$56.5K	63K
Q1 23	$62.4K	63K
Q2 23	$73.3K	63K
Q3 23	$59.5K	63K
Q4 23	$58.2K	62K
Q1 24	$56.7K	62K
Q2 24	$69.0K	62K
Q3 24	$63.5K	62K
Q4 24	$62.4K	62K
Q1 25	$54.2K	62K
Q2 25	$64.6K	62K
Q3 25	$57.3K	62K
Q4 25	$59.8K	57K
Q1 26	$61.1K	57K
Q2 26	$74.4K	57K

Revenue / Employee