The Estée Lauder Companies Inc. (EL) Income Statement
EL FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsEL revenue and net income
Where EL's revenue goes
FY2026Each bar shows an amount and its share of revenue. EL kept 1.2% of revenue as net income.
EL profit margins
EL growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.0% | −1.8% | −1.5% | +2.9% |
| Gross profit | +7.2% | +0.0% | −1.7% | +2.3% |
| Operating income | +47.0% | +3.6% | −8.5% | +0.4% |
| Net income | — | −43.4% | −42.4% | −16.6% |
| EPS (diluted) | +67.3% | −10.1% | −17.2% | −2.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EL quarterly EPS vs estimates
Estée Lauder beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.51).
EL income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.05B | $14.33B | $15.61B | $15.91B | $17.74B | $16.21B | $14.29B | $14.86B | $13.68B | $11.82B |
| Cost of revenue | $3.69B | $3.73B | $4.42B | $4.56B | $4.30B | $3.83B | $3.55B | $3.39B | $2.84B | $2.44B |
| Gross profit | $11.36B | $10.60B | $11.18B | $11.35B | $13.43B | $12.38B | $10.74B | $11.48B | $10.84B | $9.39B |
| Research & development | — | $316.0M | $360.0M | $344.0M | $307.0M | $243.0M | $228.0M | $202.0M | $181.0M | $179.0M |
| Sales, general & admin | $9.69B | $9.46B | $9.62B | $9.57B | $9.89B | $9.37B | $8.64B | $8.86B | $8.56B | $7.47B |
| Total operating expenses | $9.69B | $9.46B | $10.21B | $9.84B | $10.26B | $9.76B | $10.14B | $9.16B | $8.78B | $7.69B |
| Operating income | $1.68B | $1.14B | $970.0M | $1.51B | $3.17B | $2.62B | $606.0M | $2.31B | $2.06B | $1.70B |
| Interest income | $90.0M | $114.0M | $167.0M | $131.0M | $30.0M | $51.0M | $444.0M | $58.0M | $56.0M | $28.0M |
| Interest expense | $334.0M | $404.0M | $378.0M | $255.0M | $167.0M | $173.0M | $161.0M | $133.0M | $128.0M | $103.0M |
| Income before taxes | $517.0M | −$1.04B | $772.0M | $1.40B | $3.04B | $3.33B | $1.05B | $2.31B | $1.98B | $1.62B |
| Income taxes | $335.0M | $93.0M | $363.0M | $387.0M | $628.0M | $456.0M | $350.0M | $513.0M | $863.0M | $361.0M |
| Net income | $182.0M | −$1.13B | $390.0M | $1.01B | $2.39B | $2.87B | $684.0M | $1.78B | $1.11B | $1.25B |
| EBITDA | $1.65B | $146.0M | $1.98B | $2.40B | $3.93B | $4.16B | $1.82B | $3.00B | $2.64B | $2.18B |
| EPS (diluted) | $2.51 | $1.50 | $2.60 | $3.45 | $7.22 | $6.45 | $4.10 | $5.34 | $4.51 | $3.48 |
| Gross margin | 75.5% | 74.0% | 71.7% | 71.3% | 75.7% | 76.4% | 75.2% | 77.2% | 79.2% | 79.4% |
| Operating margin | 11.1% | 8.0% | 6.2% | 9.5% | 17.9% | 16.1% | 4.2% | 15.6% | 15.0% | 14.4% |
| Net margin | 1.2% | −7.9% | 2.5% | 6.3% | 13.5% | 17.7% | 4.8% | 12.0% | 8.1% | 10.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.63B | $3.71B | $4.23B | $3.48B | $3.41B | $3.55B | $4.00B | $3.36B | $3.87B | $3.94B | $4.28B | $3.52B |
| Cost of revenue | $890.0M | $876.0M | $994.0M | $927.0M | $955.0M | $889.0M | $957.0M | $928.0M | $1.09B | $1.11B | $1.15B | $1.07B |
| Gross profit | $2.74B | $2.84B | $3.23B | $2.55B | $2.46B | $2.66B | $3.05B | $2.43B | $2.78B | $2.83B | $3.12B | $2.45B |
| Research & development | — | — | — | — | — | — | — | — | $360.0M | — | — | — |
| Sales, general & admin | $2.48B | $2.28B | $2.63B | $2.30B | $2.31B | $2.26B | $2.58B | $2.30B | $2.44B | $2.28B | $2.54B | $2.35B |
| Total operating expenses | $2.48B | $2.28B | $2.63B | $2.30B | $2.31B | $2.35B | $3.63B | $2.55B | $3.01B | $2.30B | $2.55B | $2.35B |
| Operating income | $254.0M | $557.0M | $608.0M | $258.0M | $141.0M | $306.0M | −$580.0M | −$121.0M | −$233.0M | $531.0M | $574.0M | $98.0M |
| Interest income | $24.0M | $15.0M | $64.0M | $30.0M | $29.0M | $27.0M | $23.0M | $35.0M | $41.0M | $45.0M | $40.0M | $41.0M |
| Interest expense | $84.0M | $82.0M | $82.0M | $86.0M | $135.0M | $87.0M | $90.0M | $92.0M | $91.0M | $94.0M | $98.0M | $95.0M |
| Income before taxes | −$104.0M | $179.0M | $333.0M | $109.0M | −$451.0M | $241.0M | −$650.0M | −$180.0M | −$279.0M | $486.0M | $519.0M | $46.0M |
| Income taxes | $12.0M | $90.0M | $171.0M | $62.0M | $95.0M | $82.0M | −$60.0M | −$24.0M | $7.0M | $151.0M | $195.0M | $10.0M |
| Net income | −$116.0M | $89.0M | $162.0M | $47.0M | −$546.0M | $159.0M | −$590.0M | −$156.0M | −$284.0M | $330.0M | $313.0M | $31.0M |
| EBITDA | $175.0M | $462.0M | $615.0M | $395.0M | −$153.0M | $532.0M | −$353.0M | $120.0M | $23.0M | $786.0M | $822.0M | $344.0M |
| EPS (diluted) | $0.39 | $0.91 | $0.89 | $0.32 | $0.09 | $0.65 | $0.62 | $0.14 | $0.64 | $0.97 | $0.88 | $0.11 |
| Gross margin | 75.5% | 76.4% | 76.5% | 73.4% | 72.0% | 75.0% | 76.1% | 72.4% | 71.8% | 71.9% | 73.0% | 69.6% |
| Operating margin | 7.0% | 15.0% | 14.4% | 7.4% | 4.1% | 8.6% | −14.5% | −3.6% | −6.0% | 13.5% | 13.4% | 2.8% |
| Net margin | −3.2% | 2.4% | 3.8% | 1.4% | −16.0% | 4.5% | −14.7% | −4.6% | −7.3% | 8.4% | 7.3% | 0.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EL's financial statements (latest annual report filed August 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EL financial results
In fiscal year 2026 (ended June 30, 2026), Estée Lauder reported revenue of $15.0 billion, up 5.0% from the year before. It had net income of $182.0 million, a net profit margin of 1.2%. Diluted earnings per share came to $2.51. Over five years revenue grew at an average rate of −1.5% a year.
See the EL stock overview for the latest quote and news, or the EL chart for price history and technical indicators.
EL income statement FAQ
What is Estée Lauder's annual revenue?
Estée Lauder reported total revenue of $15.0 billion for fiscal year 2026, which ended on June 30, 2026. That was up 5.0% from $14.3 billion the previous year.
Is Estée Lauder profitable?
Yes. Estée Lauder reported net income of $182.0 million in fiscal 2026, a net profit margin of 1.2%; its operating margin was 11.1%.
What is Estée Lauder's gross margin?
Estée Lauder's gross margin was 75.5% in fiscal 2026: for every $100 of revenue, Estée Lauder kept $76 after the direct cost of its products and services.
How fast is Estée Lauder growing?
Revenue grew −1.5% a year on average over the last five fiscal years, from $16.2 billion to $15.0 billion.
What are Estée Lauder's earnings per share?
Estée Lauder earned $2.51 per diluted share in fiscal 2026, compared with $1.50 a year earlier.
When will Estée Lauder report its next earnings?
Estée Lauder is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 before the market opens.
When does Estée Lauder's fiscal year end?
Estée Lauder's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 19, 2026.