Jun 2026 (Q4 FY26) — Aug 19, 2026
The Estée Lauder Companies Q4 FY26 — Reignited Growth and Significant Margin Expansion
Read the full callEstee Lauder Companies (EL) earnings
- Jun 2026
- Jun 2026 (Q4 FY26)
- Jun 2026
Estee Lauder Companies earnings: last reported Wed, 19 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,627 | +6.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -1.1 | +10.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
15 of 18 judged targets kept · 36 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Third-quarter operating margin change year-on-year | contraction of approximately 50 basis points | Dec 2025 | Looking at operating margin, we expanded by 360 basis points delivering a margin for the quarter of 15% compared to 11.4% last year. | Achieved |
| Full-year adjusted operating margin | 9.4% to 9.9% | Jun 2025 | Operating margin on track to be 10.7% to 11%, significantly ahead of the 10% we previously expected at the midpoint | Revised Up |
| Adjusted operating margin restored to solid double digits | solid double-digit adjusted operating margin over the next few years | Dec 2024 | we have a preliminary view of 12.5% to 13% for next year | On Track |
3 of ESTEE LAUDER COMPANIES INC's 54 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 51 more targets are in the full ledger.
Claimed
- Organic sales rose 3% for FY26, with positive performance every quarter, and 5% in Q4 FY26, the strongest quarterly performance of the year.
- Gross margin expanded 150 basis points for FY26 and 360 basis points in Q4 FY26, reaching 75.5%.
- Operating margin expanded 320 basis points for FY26 to 11.2% and 330 basis points in Q4 FY26.
- Diluted EPS grew 66% for FY26 to $2.51 and increased to $0.39 in Q4 FY26 from $0.09 last year.
- Mainland China delivered broad-based 9% organic sales growth for FY26, outperforming the market and gaining Prestige Beauty share for six consecutive quarters.
Qualified
- Hair Care was not yet back to organic sales growth in FY26, despite signs of Aveda's turnaround in the U.S.
- Business disruptions from the conflict in the Middle East reduced EUKEM growth by 2% in Q4 FY26.
Price
$105.78 +1.19% · +$1.24
Performance +5.0% 1Y
1Y: $100.78 on 17 Oct 2025 → $105.78. High $119.61 (4 Feb 2026), low $67.23 (27 Mar 2026).
- Previous close
- $104.54
- 52-week range
- $67.23 – $119.61
- One year
- +3.18%
Overview
- Symbol
- EL
- Sector
- Consumer Staples
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
15 of 18 judged targets kept · 36 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Third-quarter operating margin change year-on-year | contraction of approximately 50 basis points | Dec 2025 | Looking at operating margin, we expanded by 360 basis points delivering a margin for the quarter of 15% compared to 11.4% last year. | Achieved |
| Full-year adjusted operating margin | 9.4% to 9.9% | Jun 2025 | Operating margin on track to be 10.7% to 11%, significantly ahead of the 10% we previously expected at the midpoint | Revised Up |
| Adjusted operating margin restored to solid double digits | solid double-digit adjusted operating margin over the next few years | Dec 2024 | we have a preliminary view of 12.5% to 13% for next year | On Track |
Claimed
- Organic sales rose 3% for FY26, with positive performance every quarter, and 5% in Q4 FY26, the strongest quarterly performance of the year.
- Gross margin expanded 150 basis points for FY26 and 360 basis points in Q4 FY26, reaching 75.5%.
- Operating margin expanded 320 basis points for FY26 to 11.2% and 330 basis points in Q4 FY26.
- Diluted EPS grew 66% for FY26 to $2.51 and increased to $0.39 in Q4 FY26 from $0.09 last year.
- Mainland China delivered broad-based 9% organic sales growth for FY26, outperforming the market and gaining Prestige Beauty share for six consecutive quarters.
Qualified
- Hair Care was not yet back to organic sales growth in FY26, despite signs of Aveda's turnaround in the U.S.
- Business disruptions from the conflict in the Middle East reduced EUKEM growth by 2% in Q4 FY26.
The full ledger
Open ESTEE LAUDER COMPANIES INC’s full ledger
A free account opens 5 company ledgers a month. All 54 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q3 FY26) — May 1, 2026
The Estée Lauder Companies Q3 FY26 — Margin inflection and restored organic growth under Beauty Reimagined
Read the full callDec 2025 (Q2 FY26) — Feb 5, 2026
The Estée Lauder Companies Q2 FY26 — Strong Organic Sales Growth and Raised Outlook
Read the full callEvery analysed call
Estee Lauder Companies earnings calls (EL)
Financials
What the filings say
Net profit, year on year: −44% (quarter to mar 2026 against mar 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,361 | 4,004 | 3,550 | 3,411 | 3,481 | 4,229 | 3,712 | 3,627 |
| Operating profit | -121 | -580 | 306 | -390 | 169 | 401 | 249 | -39 |
| Operating margin | −3.6% | −14.5% | 8.6% | −11.4% | 4.8% | 9.5% | 6.7% | −1.1% |
| Interest | 92 | 90 | 87 | 88 | 86 | 85 | 82 | 81 |
| Profit before tax | -180 | -650 | 241 | -451 | 109 | 333 | 179 | -104 |
| Tax rate | 13.3% | 9.2% | 34.0% | −21.1% | 56.9% | 51.4% | 50.3% | −11.5% |
| Net profit | -156 | -590 | 159 | — | 47 | 162 | 89 | — |
| EPS ($ per share) | -0.43 | -1.64 | 0.44 | — | 0.13 | 0.45 | 0.25 | — |
| Line item | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 9,984 | 10,134 | 12,244 | 13,912 | 13,991 | 13,427 | 11,672 | 11,341 |
| Total liabilities | 8,745 | 13,819 | 15,880 | 15,320 | 17,830 | 16,363 | 16,027 | 15,956 |
| Fixed assets | 2,068 | 2,055 | 2,280 | 2,650 | 3,179 | 3,136 | 3,172 | 2,805 |
| Total assets | 13,156 | 17,781 | 21,971 | 20,910 | 23,415 | 21,677 | 19,892 | 19,762 |
| Line item | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,517 | 2,280 | 3,631 | 3,040 | 1,731 | 2,360 | 1,272 | 1,773 |
| Cash from investing | 473 | -1,698 | -1,864 | -945 | -3,217 | -960 | -623 | -489 |
| Cash from financing | -2,173 | 1,461 | -1,892 | -3,036 | 1,590 | -2,035 | -1,144 | -712 |
| Net cash flow | 806 | 2,035 | -64 | -1,001 | 72 | -634 | -474 | 577 |
| Capital expenditure | -744 | -623 | -637 | -1,040 | -1,003 | -919 | -602 | -457 |
| Free cash flow | 1,773 | 1,657 | 2,994 | 2,000 | 728 | 1,441 | 670 | 1,316 |
Insider filings
44 filings between Nov 3, 2025 and Sep 14, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$1.03B
14 sales by 9 insiders
Compensation
not trading decisions- 16
- Option exercise — converted options into shares
- 11
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 conversions.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| LAL 2015 ELF Trust | — | $508.60M | Nov 6, 2025 |
| Evelyn H. Lauder 2012 Marital Trust Two | — | $255.22M | Nov 6, 2025 |
| Leonard A. Lauder 2013 Revocable Trust | — | $249.91M | Nov 6, 2025 |
| FRIBOURG PAUL J | — | $10.05M | Sep 14, 2026 |
| LAUDER JANE | — | $1.68M | Nov 26, 2025 |
| La Lande Rashida | — | $1.51M | Aug 28, 2026 |
| Webster Meridith | — | $477.0K | Nov 18, 2025 |
| BARSHEFSKY CHARLENE | — | $373.0K | Sep 9, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 14, 2026 | FRIBOURG PAUL J Director | Sale | 14,777 | $1.44M |
| Sep 14, 2026 | FRIBOURG PAUL J Director | Sale | 16,137 | $1.59M |
| Sep 14, 2026 | FRIBOURG PAUL J Director | Sale | 27,086 | $2.66M |
| Sep 11, 2026 | FRIBOURG PAUL J Director | Sale | 45,000 | $4.36M |
| Sep 9, 2026 | BARSHEFSKY CHARLENE Director | Sale | 3,775 | $373.0K |
| Sep 9, 2026 | BARSHEFSKY CHARLENE Director | Option exercise | 4,697 | $368.1K |
| Aug 28, 2026 | La Lande Rashida Exec VP & General Counsel | Sale | 7,766 | $802.4K |
| Aug 27, 2026 | La Lande Rashida Exec VP & General Counsel | Option exercise | 14,357 | — |
| Aug 27, 2026 | La Lande Rashida Exec VP & General Counsel | Tax withheld | 6,591 | $699.0K |
| Aug 21, 2026 | La Lande Rashida Exec VP & General Counsel | Option exercise | 5,564 | $516.7K |
| Aug 21, 2026 | La Lande Rashida Exec VP & General Counsel | Sale | 5,564 | $553.9K |
| Aug 21, 2026 | ZANNINO RICHARD F Director | Option exercise | 4,697 | $368.1K |
| Feb 27, 2026 | Shrivastava Akhil Exec VP & CFO | Tax withheld | 1,912 | $208.4K |
| Feb 27, 2026 | de la Faverie Stephane President and CEO | Option exercise | 5,787 | — |
| Feb 27, 2026 | Shrivastava Akhil Exec VP & CFO | Option exercise | 5,265 | — |
| Feb 27, 2026 | de la Faverie Stephane President and CEO | Tax withheld | 2,333 | $254.3K |
| Nov 26, 2025 | LAUDER JANE Director | Sale | 17,840 | $1.68M |
| Nov 26, 2025 | LAUDER JANE Director | Option exercise | 17,840 | $1.60M |
| Nov 26, 2025 | La Lande Rashida Exec VP & General Counsel | Sale | 1,604 | $151.5K |
| Nov 18, 2025 | Webster Meridith Exec VP GlobalComm/PubAffairs | Sale | 5,430 | $477.0K |
| Nov 11, 2025 | STERNLICHT BARRY S Director | Sale | 3,972 | $364.7K |
| Nov 11, 2025 | STERNLICHT BARRY S Director | Option exercise | 3,972 | $335.0K |
| Nov 6, 2025 | LAL 2015 ELF Trust 10% owner | Sale | 5,670,000 | $508.60M |
| Nov 6, 2025 | Evelyn H. Lauder 2012 Marital Trust Two 10% owner | Sale | 2,845,283 | $255.22M |
| Nov 6, 2025 | Leonard A. Lauder 2013 Revocable Trust 10% owner | Sale | 2,786,040 | $249.91M |
| Nov 4, 2025 | Leonard A. Lauder 2013 Revocable Trust 10% owner | Conversion | 2,519,402 | — |
| Nov 4, 2025 | Evelyn H. Lauder 2012 Marital Trust Two 10% owner | Conversion | 2,845,283 | — |
| Nov 4, 2025 | LAL 2015 ELF Trust 10% owner | Conversion | 5,670,000 | — |
| Nov 3, 2025 | Lauder William P Director | Tax withheld | 4,005 | $380.0K |
| Nov 3, 2025 | Bowes Michael Exec VP & CPO | Option exercise | 1,674 | — |
| Nov 3, 2025 | Bowes Michael Exec VP & CPO | Tax withheld | 597 | $56.6K |
| Nov 3, 2025 | Lauder William P Director | Option exercise | 7,238 | — |
| Nov 3, 2025 | La Lande Rashida Exec VP & General Counsel | Option exercise | 3,589 | — |
| Nov 3, 2025 | La Lande Rashida Exec VP & General Counsel | Tax withheld | 1,985 | $188.3K |
| Nov 3, 2025 | Hertzmark Hudis Jane Exec VP & CBO | Option exercise | 10,984 | — |
| Nov 3, 2025 | Hertzmark Hudis Jane Exec VP & CBO | Tax withheld | 6,077 | $576.5K |
| Nov 3, 2025 | Canevari Roberto Exec VP & CVCO | Option exercise | 6,876 | — |
| Nov 3, 2025 | Canevari Roberto Exec VP & CVCO | Tax withheld | 3,300 | $313.1K |
| Nov 3, 2025 | Webster Meridith Exec VP GlobalComm/PubAffairs | Option exercise | 3,497 | — |
| Nov 3, 2025 | Webster Meridith Exec VP GlobalComm/PubAffairs | Tax withheld | 1,262 | $119.7K |
| Nov 3, 2025 | de la Faverie Stephane President and CEO | Option exercise | 9,066 | — |
| Nov 3, 2025 | de la Faverie Stephane President and CEO | Tax withheld | 5,015 | $475.8K |
| Nov 3, 2025 | Shrivastava Akhil Exec VP & CFO | Option exercise | 3,683 | — |
| Nov 3, 2025 | Shrivastava Akhil Exec VP & CFO | Tax withheld | 1,295 | $122.8K |
| Aug 29, 2025 | FORESTER LYNN Director | Sale | 3,702 | $339.3K |
| Aug 29, 2025 | FORESTER LYNN Director | Option exercise | 3,972 | $335.0K |
| Aug 28, 2025 | La Lande Rashida Executive VP & General Counsel | Sale | 6,417 | $589.6K |
| Aug 27, 2025 | La Lande Rashida Executive VP & General Counsel | Option exercise | 14,357 | — |
| Aug 27, 2025 | La Lande Rashida Executive VP & General Counsel | Tax withheld | 7,940 | $725.6K |
| Aug 25, 2025 | ZANNINO RICHARD F Director | Option exercise | 3,972 | $335.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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