Company file · EL

Estée Lauder Companies

China was Estée Lauder Companies' fastest-growing region in FY2026, up 7.6%

Revenue rose 5.0% to $15.0B in FY2026, from $14.3B in FY2025. Net income was $182M, against a net loss of $1.1B a year earlier. Other Countries was the largest region, at 49% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2026 (filed Aug 19, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Nov 2, 2026) · Data pulled Nov 11, 2026

Key facts

In fiscal 2026, which ended Jun 30, 2026, Estée Lauder Companies (NYSE: EL) took in $15.0B of revenue (up 5.0% on fiscal 2025); net income was $182M (compared with −$1.1B). The most recent quarter, ended Sep 30, 2026, brought revenue of $3.7B, up 6.7% year over year, with net income of $233M. Other Countries was the biggest single line by region: 49% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed Aug 19, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Nov 2, 2026).

Revenue$15.0BFY2026 · +5.0% vs FY2025

Net income$182MFY2026 · vs −$1.1B in FY2025

Operating cash flow$1.8BFY2026 · +39.4% vs FY2025

Cash & equivalents$3.2Bat Sep 30, 2026 · −8.6% vs FY2026 end

Total debt$6.7Bat Sep 30, 2026 · −7.6% vs FY2026 end

Diluted shares365MFY2026 avg · +1.3% vs FY2025

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2026, filed Aug 19, 2026

Quarterly revenue: fiscal 2027 vs a year earlierFiscal Q1, $bn (each quarter from that quarter's 10-Q)

FY2026FY2027

Source: 10-Q filed Nov 2, 2026

How it makes money

By region, FY2026

LineAmountSharevs FY2025
Other Countries$7.4B49%+6.6%
China$3.9B26%+7.6%
United States$3.7B25%−0.3%

Source: 10-K FY2026, XBRL breakdown

By region in FY2026: Other Countries (49%), China (26%) and United States (25%), as shares of total revenue. Total revenue was $15.0B.

By region: three-year mixShare of the total each fiscal year

FY2024

49%26%25%

FY2025

48%25%26%

FY2026

49%26%25%

Other CountriesChinaUnited States

Source: 10-K FY2026

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q1 FY2027 (Jul to Sep 2026) compared with Q1 FY2026 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q1 FY2027Q1 FY2026

Company

Revenue

$3.7B Q1 FY2027

$3.5B Q1 FY2026

6.7% increase

Net income

$233M Q1 FY2027

$47M Q1 FY2026

395.7% increase

Source: Estée Lauder Companies 10-Q for the quarter ended Sep 30, 2026, filed Nov 2, 2026

Cash & equivalents $3.2B at Sep 30, 2026, vs $3.5B at FY2026 end.
Total debt $6.7B at Sep 30, 2026, vs $7.3B at FY2026 end.
Operating cash flow, first 3 months of fiscal 2027: −$166M vs −$340M a year earlier.

The bull case and the bear case

The bull case

Revenue rose 5.0% in FY2026 to $15.0B, from $14.3B a year earlier. 10-K, FY2026
Net income was $182M in FY2026, against a net loss of $1.1B in FY2025. 10-K, FY2026
Operating cash flow rose 39.4% in FY2026 to $1.8B. 10-K, FY2026
Revenue in the quarter ended Sep 30, 2026 was $3.7B, up 6.7% on a year earlier. 10-Q, quarter ended Sep 30, 2026

The bear case

Diluted shares rose 1.3% in FY2026, which spreads profit across more shares. 10-K, FY2026
United States revenue fell 0.3% in FY2026 to $3.7B. 10-K, FY2026
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include costs; consumer habits; retail customers. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Estée Lauder Companies is in the personal care products industry, part of the consumer staples sector. The SEC files it under Perfumes, Cosmetics & Other Toilet Preparations.

The full description of Estée Lauder Companies' business is in Item 1 of its 10-K, linked below. This page shows its revenue by region.

Its fiscal year ends in June; the latest, FY2026, ended Jun 30, 2026.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the personal care products industry. They are not a summary of Estée Lauder Companies’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

CostsCommodity, packaging and freight costs can rise faster than prices.
Consumer habitsShoppers can trade down to store brands or change what they buy.
Retail customersA few large retailers account for much of its sales.
Regulation and safetyFood and product safety rules and recalls can bring cost and reputational harm.
CompetitionRivals and private-label products compete for shelf space and prices.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2024	FY2025	FY2026
Revenue	$15.6B	$14.3B	$15.0B
Net income	$390M	−$1.1B	$182M
Operating cash flow	$2.4B	$1.3B	$1.8B
Cash & equivalents (year end)	$3.4B	$2.9B	$3.5B
Total debt (year end)	$7.8B	$7.3B	$7.3B
Diluted shares	361M	360M	365M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income available to common shareholders, after preferred dividends.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash, cash equivalents and restricted cash, the only cash total tagged in its filings.
Total debt: Debt due within one year plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Estée Lauder Companies names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Jun 30, 2026.

Recent filings

Form	Filed	Period
10-Q	Nov 2, 2026	Sep 30, 2026
DEF 14A	Sep 30, 2026	Nov 17, 2026
10-K	Aug 19, 2026	Jun 30, 2026

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Estée Lauder Companies

How does Estée Lauder Companies make money?

In fiscal 2026, revenue totaled $15.0B. By region in FY2026: Other Countries (49%), China (26%) and United States (25%), as shares of total revenue. Total revenue was $15.0B. Source: 10-K for fiscal 2026, filed Aug 19, 2026.

What was Estée Lauder Companies's revenue in fiscal 2026?

Revenue came to $15.0B in the year ended Jun 30, 2026. Going back two years, it was $15.6B in fiscal 2024 and $14.3B in fiscal 2025, so the latest year was up 5.0%. Source: 10-K for fiscal 2026, filed Aug 19, 2026.

Is Estée Lauder Companies profitable?

Yes, by US accounting rules (GAAP): net income was $182M in fiscal 2026, compared with −$1.1B from −$1.1B a year earlier. For the quarter ended Sep 30, 2026, net income was $233M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Aug 19, 2026.

What did Estée Lauder Companies report in its latest quarterly filing?

The 10-Q for the quarter ended Sep 30, 2026 shows revenue of $3.7B, against $3.5B in the same quarter a year before (up 6.7%), and net income of $233M, against $47M (up 395.7%). Source: 10-Q for the quarter ended Sep 30, 2026, filed Nov 2, 2026.

How much cash and debt does Estée Lauder Companies have?

On Sep 30, 2026, cash and cash equivalents stood at $3.2B and total debt at $6.7B. Total debt here is debt due within one year plus long-term debt, at carrying value. Source: 10-Q filed Nov 2, 2026.

What are the main risks Estée Lauder Companies faces?

Estée Lauder Companies's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Aug 19, 2026. Risks that are common among companies in the personal care products industry include Costs; consumer habits; retail customers; regulation and safety; competition. The first: Commodity, packaging and freight costs can rise faster than prices. Source: 10-K, Item 1A Risk Factors.

Where do these Estée Lauder Companies numbers come from?

Two filings Estée Lauder Companies made with the SEC: its fiscal 2026 10-K, filed Aug 19, 2026, and its 10-Q for the quarter ended Sep 30, 2026, filed Nov 2, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Estée Lauder Companies

Point72 Asset Management: 725,924 shares, reported value $57.3M at Jun 30, 2026 (+655.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Millennium Management: 457,993 shares, reported value $36.2M at Jun 30, 2026 (+78.3% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 449,300 shares, reported value $35.5M at Jun 30, 2026 (+1,344.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
Citadel Advisors: 446,702 shares, reported value $35.3M at Jun 30, 2026 (+3.9% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Two Sigma Investments: 156,896 shares, reported value $12.4M at Jun 30, 2026 (−57.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Bridgewater Associates: 36,502 shares, reported value $2.9M at Jun 30, 2026 (+45.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Lindsell Train: 12,500 shares, reported value $1.2M at Sep 30, 2026 (−16.7% in shares since the filing for Jun 30, 2026). Form 13F filed Nov 2, 2026.
Maverick Capital: 3,202 shares, reported value $0.3M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in EL: The editor holds no position in Estée Lauder Companies (EL). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell EL from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 9, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold EL, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Estée Lauder CompaniesEL	FY2026	$15.0B	+5.0%	$182M
Procter & GamblePG	FY2026	$87.0B	+3.3%	$16.0B
WalmartWMT	FY2026	$713.2B	+4.7%	$21.9B
CostcoCOST	FY2026	$303.2B	+10.1%	$9.2B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.