e.l.f. Beauty, Inc. (ELF) Income Statement
ELF FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsELF revenue and net income
Where ELF's revenue goes
FY2026Each bar shows an amount and its share of revenue. ELF kept 1.6% of revenue as net income.
ELF profit margins
ELF growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +24.6% | +41.4% | +38.8% | +19.7% |
| Gross profit | +23.7% | +43.7% | +41.2% | +21.5% |
| Operating income | −16.9% | +24.4% | +69.4% | +14.7% |
| Net income | −76.5% | −24.7% | +33.4% | −2.4% |
| EPS (diluted) | −18.9% | +18.6% | +31.1% | +15.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ELF quarterly EPS vs estimates
e.l.f. Beauty beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.34).
ELF income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.31B | $1.02B | $578.8M | $392.2M | $318.1M | $282.9M | $282.9M | $267.4M | $267.4M |
| Cost of revenue | $479.1M | $377.8M | $299.8M | $188.4M | $140.4M | $111.9M | $101.7M | $101.7M | $104.7M | $104.7M |
| Gross profit | $1.16B | $935.7M | $724.1M | $390.4M | $251.7M | $206.2M | $181.1M | $181.1M | $162.7M | $162.7M |
| Research & development | — | — | — | — | — | — | — | — | — | $0 |
| Sales, general & admin | $1.03B | $777.7M | $570.8M | $322.3M | $221.9M | $194.2M | $157.2M | $157.2M | $136.6M | $136.6M |
| Total operating expenses | $1.03B | $777.7M | $574.4M | $322.3M | $222.0M | $196.8M | $151.2M | $157.2M | $136.6M | $136.6M |
| Operating income | $131.3M | $158.0M | $149.7M | $68.1M | $29.8M | $9.4M | $29.9M | $24.0M | $26.2M | $26.2M |
| Interest income | $6.9M | $3.4M | $4.8M | $2.0M | $3,000 | $5,000 | $863,000 | $6.3M | $1.8M | $7.8M |
| Interest expense | $40.8M | $17.2M | $11.8M | $4.0M | $2.4M | $4.1M | $6.3M | $0 | $7.8M | $0 |
| Income before taxes | $40.5M | $145.5M | $141.0M | $64.1M | $25.4M | $3.7M | $24.1M | $24.1M | $18.0M | $18.0M |
| Income taxes | $14.1M | $33.4M | $13.3M | $2.5M | $3.7M | −$2.5M | $6.2M | $6.2M | $2.4M | $2.4M |
| Net income | $26.3M | $112.1M | $127.7M | $61.5M | $21.8M | $6.2M | $17.9M | $17.9M | $15.5M | $15.5M |
| EBITDA | $160.6M | $206.2M | $182.6M | $85.3M | $54.6M | $32.1M | $53.3M | $46.8M | $42.9M | $44.0M |
| EPS (diluted) | $2.75 | $3.39 | $3.19 | $1.65 | $0.85 | $0.71 | $0.63 | $0.35 | $0.66 | $0.32 |
| Gross margin | 70.7% | 71.2% | 70.7% | 67.4% | 64.2% | 64.8% | 64.0% | 64.0% | 60.9% | 60.9% |
| Operating margin | 8.0% | 12.0% | 14.6% | 11.8% | 7.6% | 3.0% | 10.6% | 8.5% | 9.8% | 9.8% |
| Net margin | 1.6% | 8.5% | 12.5% | 10.6% | 5.6% | 2.0% | 6.3% | 6.3% | 5.8% | 5.8% |
| 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 | $479.4M | $449.3M | $489.5M | $343.9M | $353.7M | $332.6M | $355.3M | $301.1M | $324.5M | $321.1M | $270.9M | $215.5M |
| Cost of revenue | $80.5M | $122.8M | $142.0M | $105.1M | $109.2M | $95.6M | $102.0M | $87.0M | $93.2M | $93.9M | $79.0M | $63.1M |
| Gross profit | $398.8M | $326.5M | $347.5M | $238.9M | $244.5M | $237.0M | $253.3M | $214.1M | $231.3M | $227.2M | $192.0M | $152.4M |
| Sales, general & admin | $280.3M | $319.1M | $280.0M | $231.1M | $195.8M | $162.9M | $218.2M | $186.1M | $180.6M | $56.4M | $160.1M | $112.1M |
| Total operating expenses | $296.4M | $319.1M | $280.0M | $231.1M | $195.8M | $192.7M | $218.2M | $186.1M | $180.6M | $210.2M | $160.1M | $112.2M |
| Operating income | $102.4M | $7.3M | $67.5M | $7.7M | $48.7M | $44.3M | $35.1M | $27.9M | $50.7M | $17.0M | $31.8M | $40.2M |
| Interest income | — | — | $12.4M | $9.2M | $2.6M | $2.9M | $3.5M | $3.8M | — | — | — | $623,000 |
| Interest expense | $7.8M | $16.6M | $12.4M | $9.2M | $2.6M | $2.9M | $3.5M | $3.8M | $3.7M | $4.0M | $4.0M | $623,000 |
| Income before taxes | $94.3M | −$60.5M | $53.9M | −$4.0M | $51.1M | $44.0M | $26.3M | $27.9M | $47.2M | $11.2M | $30.4M | $39.7M |
| Income taxes | $27.7M | −$11.2M | $14.5M | −$7.0M | $17.8M | $15.8M | $9.0M | $8.9M | −$325,000 | −$3.3M | $3.5M | $6.5M |
| Net income | $66.6M | −$49.4M | $39.4M | $3.0M | $33.3M | $28.3M | $17.3M | $19.0M | $47.6M | $14.5M | $26.9M | $33.3M |
| EBITDA | $128.2M | −$17.6M | $87.8M | $23.4M | $66.9M | $62.9M | $36.9M | $44.4M | $62.0M | $31.2M | $40.6M | $46.4M |
| EPS (diluted) | $1.48 | $0.32 | $1.24 | $0.30 | $0.89 | $0.78 | $0.74 | $0.77 | $1.10 | $0.53 | $0.74 | $0.82 |
| Gross margin | 83.2% | 72.7% | 71.0% | 69.4% | 69.1% | 71.3% | 71.3% | 71.1% | 71.3% | 70.7% | 70.8% | 70.7% |
| Operating margin | 21.4% | 1.6% | 13.8% | 2.2% | 13.8% | 13.3% | 9.9% | 9.3% | 15.6% | 5.3% | 11.8% | 18.6% |
| Net margin | 13.9% | −11.0% | 8.0% | 0.9% | 9.4% | 8.5% | 4.9% | 6.3% | 14.7% | 4.5% | 9.9% | 15.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ELF's financial statements (latest annual report filed May 21, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ELF financial results
In fiscal year 2026 (ended March 31, 2026), e.l.f. Beauty reported revenue of $1.6 billion, up 24.6% from the year before. It had net income of $26.3 million (down 76.5%), a net profit margin of 1.6%. Diluted earnings per share came to $2.75. Over five years revenue grew at an average rate of 38.8% a year.
See the ELF stock overview for the latest quote and news, or the ELF chart for price history and technical indicators.
ELF income statement FAQ
What is e.l.f. Beauty's annual revenue?
e.l.f. Beauty reported total revenue of $1.6 billion for fiscal year 2026, which ended on March 31, 2026. That was up 24.6% from $1.3 billion the previous year.
Is e.l.f. Beauty profitable?
Yes. e.l.f. Beauty reported net income of $26.3 million in fiscal 2026, a net profit margin of 1.6%; its operating margin was 8.0%.
What is e.l.f. Beauty's gross margin?
e.l.f. Beauty's gross margin was 70.7% in fiscal 2026: for every $100 of revenue, e.l.f. Beauty kept $71 after the direct cost of its products and services.
How fast is e.l.f. Beauty growing?
Revenue grew 38.8% a year on average over the last five fiscal years, from $318.1 million to $1.6 billion.
What are e.l.f. Beauty's earnings per share?
e.l.f. Beauty earned $2.75 per diluted share in fiscal 2026, compared with $3.39 a year earlier.
When will e.l.f. Beauty report its next earnings?
e.l.f. Beauty is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does e.l.f. Beauty's fiscal year end?
e.l.f. Beauty's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 21, 2026.