EL on NYSE

Estée Lauder Companies

Logo: The Estee Lauder Companies, Public domain, via Wikimedia Commons5

American multinational cosmetics company

The Estée Lauder Companies Inc. ( EST-ay LAW-dər) is an American multinational cosmetics company, a manufacturer and marketer of makeup, skincare, perfume, and hair care products, based in Midtown Manhattan, New York City.3 From Wikipedia, CC BY-SA 4.0

$104.53 down 2.65 (2.48%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 2026.

Overview

$15.0BRevenue, fiscal 20266
$182.0MNet income, fiscal 20266
1946Founded1

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  • TickerEL on NYSE1
  • Industrycosmetics industry1
  • HeadquartersNew York City1
  • Founded inNew York City1
  • Websitewww.elcompanies.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address767 Fifth Ave, New York, Ny 101537
  • Filer categoryLarge accelerated filer7

The Estée Lauder Companies Inc. ( EST-ay LAW-dər) is an American multinational cosmetics company, a manufacturer and marketer of makeup, skincare, perfume, and hair care products, based in Midtown Manhattan, New York City. It is the second largest cosmetics company in the world after L'Oréal. The company owns a diverse portfolio of brands, including La Mer, Jo Malone London, Clinique and Tom Ford Beauty, among many more, distributed internationally through both digital commerce and retail channels.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

75.5%Gross margin6
5.2%Operating margin6
1.2%Net margin6
5.0%Revenue growth, 20266
4.8%Return on equity6
$1.3BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

Other Countries brought in 49% of the revenue Estée Lauder Companies broke down this way in fiscal 2026.

  1. Other Countries$7.4B649%up 7% from 2025
  2. China$3.9B626%up 8% from 2025
  3. United States$3.7B625%down 0% from 2025
Regions by year
Regions202420252026
Other Countries$7.7B$6.9B$7.4B
China$4.0B$3.7B$3.9B
United States$3.9B$3.8B$3.7B

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue24¢$3.7B
  • Selling, general and admin64¢$9.7B
  • Other costs8¢$1.2B
  • Income tax2¢$335.0M
  • Profit1¢$182.0M

Out of $15.0B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending26¢$457.0M
  • Dividends paid29¢$508.0M
  • Share buybacks4¢$70.0M
  • Kept or used elsewhere42¢$738.0M

Out of $1.8B of cash from operations.6

Financial statements

Revenue9101112136$15.0B in 2026+1% since 2019
0$5.0B$10.0B$15.0B$20.0B2019: $14.9B$14.9B20192020: $14.3B$14.3B2020−4%2021: $16.2B$16.2B2021+13%2022: $17.7B$17.7B2022+9%2023: $15.9B$15.9B2023−10%2024: $15.6B$15.6B2024−2%2025: $14.3B$14.3B2025−8%2026: $15.0B$15.0B2026+5%
Gross profit9101112136$11.4B in 2026−1% since 2019
0$5.0B$10.0B$15.0B2019: $11.5B$11.5B20192020: $10.7B$10.7B2020−6%2021: $12.4B$12.4B2021+15%2022: $13.4B$13.4B2022+8%2023: $11.3B$11.3B2023−16%2024: $11.2B$11.2B2024−1%2025: $10.6B$10.6B2025−5%2026: $11.4B$11.4B2026+7%
Operating income9101112136$780.0M in 2026−66% since 2019
-$1.0B0$1.0B$2.0B$3.0B$4.0B2019: $2.3B$2.3B20192020: $606.0M$606.0M2020−74%2021: $2.6B$2.6B2021+332%2022: $3.2B$3.2B2022+21%2023: $1.5B$1.5B2023−52%2024: $970.0M$970.0M2024−36%2025: -$785.0M-$785.0M20252026: $780.0M$780.0M2026
Net income141112136$182.0M in 2026−90% since 2019
-$2.0B0$2.0B$4.0B2019: $1.8B$1.8B20192020: $684.0M$684.0M2020−62%2021: $2.9B$2.9B2021+320%2022: $2.4B$2.4B2022−16%2023: $1.0B$1.0B2023−58%2024: $409.0M$409.0M2024−60%2025: -$1.1B-$1.1B20252026: $182.0M$182.0M2026

Every line of the income statement in the latest annual report, as filed.6

Period ending2026-06-302025-06-302024-06-30
Net sales$15.0B$14.3B$15.6B
Cost of sales$3.7B$3.7B$4.4B
Gross profit$11.4B$10.6B$11.2B
Selling, general and administrative$9.7B$9.5B$9.6B
Restructuring and other charges$813.0M$481.0M$122.0M
Goodwill impairment$0$13.0M$291.0M
Impairment of other intangible assets$0$1.3B$180.0M
Total operating expenses$10.6B$11.4B$10.2B
Operating income (loss)$780.0M-$785.0M$970.0M
Interest expense$334.0M$357.0M$378.0M
Interest income and investment income, net$90.0M$114.0M$167.0M
Other components of net periodic benefit cost$19.0M$12.0M-$13.0M
Earnings (loss) before income taxes$517.0M-$1.0B$772.0M
Provision for income taxes$335.0M$93.0M$363.0M
Net earnings (loss)$182.0M-$1.1B$409.0M
Net earnings attributable to redeemable noncontrolling interest$0$0-$19.0M
Net earnings (loss) attributable to The Estee Lauder Companies Inc.$182.0M-$1.1B$390.0M
Basic (in dollars per share)$0.50-$3.15$1.09
Diluted (in dollars per share)$0.50-$3.15$1.08
Basic (in shares)362.3M shares360.1M shares359.0M shares
Diluted (in shares)364.8M shares360.1M shares360.8M shares

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The story

Founded by Estée Lauder and Joseph Lauder in 1946, in New York City.1

The company began in 1946 when Estée Lauder and her husband Joseph began producing cosmetics in New York City. They first carried only four products: Cleansing Oil, Skin Lotion, Super Rich All-purpose Creme, and Creme Pack. Two years later, in 1948 they established their first department store account with Saks Fifth Avenue in Manhattan.

Over the next 15 years, they expanded the range and continued to sell their products in the United States. In 1960, the company started its first international account in the London department store Harrods. The following year it opened an office in Hong Kong.

In 1964, they introduced Aramis, a line of fragrance and grooming products for men named after an exotic Turkish root originally used as an aphrodisiac. In 1967, Estée Lauder herself was named one of ten Outstanding Women in Business in the United States by business and financial editors. This was followed by a Spirit of Achievement Award from Albert Einstein College of Medicine at Yeshiva University in 1968. In that year, the company expanded again, opening Clinique, a dermatologist-guided (Dr. Norman Orentreich), allergy-tested, fragrance-free cosmetic brand.

Estée Lauder's Clinique brand became the first women's cosmetic company to introduce a second line for men when, in 1976, they began a separate line called "Skin Supplies for Men", which continues to be sold at Clinique counters worldwide. In 1981, the company's products became available in the Soviet Union.

In the 1990s, brand acquisitions and licensing agreements contributed to explosive growth as the company transformed from a family-owned business to a publicly traded, family-controlled organization. The decade opened with the creation of Origins – the first wellness brand in U.S. department stores. The first licensing agreement for fragrances was with fashion designer Tommy Hilfiger in 1993, followed by Kiton, an Italian fashion house (1995), and with American fashion designer Donna Karan (1997).

Brand acquisitions began with an investment in the Toronto-based MAC Cosmetics in 1994, which the company then acquired in 1998. Bobbi Brown Cosmetics, designed by the celebrated makeup artist, was acquired in 1995, as was La Mer – along with the original recipe for its supreme luxury product, Crème de la Mer, containing the nutrient-rich Miracle Broth. The company ventured into its first hair care and holistic beauty brand with Aveda in 1997. The fragrance house Jo Malone London was acquired in 1999.

On November 16, 1995, the Estée Lauder Companies went public on the New York Stock Exchange at $26 a share ($6.50 on a post-split basis; equivalent to $50 and $10 in 2024).

Acquisitions and licensing continued in the 2000s as the Estée Lauder Companies bought a majority interest in the hair salon Bumble and bumble and completed its acquisition in 2006; an exclusive global licensing agreement was signed with fashion designer Michael Kors (2003). Designer Tom Ford began a project with the company and later an agreement was signed with him (2005) to develop and distribute fragrances and cosmetics under the Tom Ford Beauty brand.

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On July 1, 2010, the company acquired Smashbox Beauty Cosmetics, Inc., a brand created in Smashbox Studios in Culver City, California, by brothers Dean and Davis Factor (as in Max).

On October 28, 2011, Aramis and Designer Fragrances, a division of the Estée Lauder Companies Inc., and Tory Burch LLC announced the signing of a multiyear agreement for the exclusive worldwide license of the Tory Burch fragrance business. This partnership marked Tory Burch's first step into the beauty industry. The first Tory Burch fragrance products were introduced in 2013.

In 2012, the company launched AERIN Beauty, a luxury lifestyle beauty and fragrance brand inspired by the signature style of its founder, Aerin Lauder.

In 2014, the company acquired two insider beauty brands, RODIN olio lusso, a skincare brand known for its "Luxury Face Oil", and Le Labo, a fragrance and sensory lifestyle brand. Later that year, the company also made its first investment in India by buying a minority stake in Forest Essentials, a luxury cosmetics company specializing in Ayurvedic products. In 2015, the company acquired Editions de Parfums Frédéric Malle, a fragrance brand, and GLAMGLOW, a Hollywood skin care brand.

In 2016, the company acquired Becca Cosmetics, its first color cosmetic group acquisition since Smashbox in 2010. In November 2016, the company made its largest acquisition to date by acquiring California-based cosmetics company Too Faced for $1.45 billion.

In 2019, the company acquired Dr. Jart+. Founded in Korea in 2004, Dr. Jart+ pioneered the marketing of BB cream as a cosmetic.

In 2021, the company acquired Canadian-based Deciem Beauty Group Inc. In 2022, Estée Lauder opened a 300,000-square-foot (2.8-hectare) distribution center in Galgenen, Switzerland.

In November 2022, the company announced it was to acquire the designer fashion house Tom Ford in a deal worth $2.8bn, with Ford remaining as creative director until at least 2023.

In 2024, the company announced its partnership with Messika.

In June 2024, Estée Lauder completed the acquisition of DECIEM Beauty Group.

In October 2024, the company officially opened its Global Fragrance Atelier inside La Maison des Parfums in Paris, establishing an AI-enabled, advanced technology innovation hub dedicated to accelerating the development of its luxury and prestige fragrance portfolio.

In September 2025, the company appointed Ossama Ogla as general manager of its Middle East operations.

In December 2025, Estée Lauder announced that it has been taking minority stakes in beauty brands across China, Mexico and India such as The Ordinary. This is part of the company's strategy to target key markets in the Americas as well as emerging markets by targeting the growing middle class.

Response to the COVID-19 pandemic

In response to the COVID-19 pandemic the Estée Lauder Companies announced on August 20, 2020, a reduction in their workforce by 1,500 to 2,000 personnel worldwide, or about 3 percent of total employees. Most of the reductions will be support workers and store employees. The company also announce they would be closing approximately 10 to 15 percent of their stores, close in-store beauty counters, and focus more on digital operations.

From Wikipedia’s article on Estée Lauder Companies, shared under CC BY-SA 4.0.8

Leadership

Who has led Estée Lauder Companies, and when. Pick a name to see everywhere that person has worked.

Products and brands

Marketing

The Estée Lauder company has many brands and Estée Lauder is one of the brands. It has had sometimes high-profile spokesmodels, sometimes referred to simply as 'faces'. Past 'faces' for Estée Lauder include Karen Graham, Bruce Boxleitner, Shaun Casey, Willow Bay, Paulina Porizkova, Elizabeth Hurley, Carolyn Murphy, supermodel Liya Kebede – the first African 'face' of Estée Lauder, Anja Rubik, and actress Gwyneth Paltrow. As of 2008 the main spokesmodel for Estée Lauder was supermodel Hilary Rhoda. In 2010, the company added three more faces to the roster, Chinese model Liu Wen, Puerto Rican model Joan Smalls, and French model Constance Jablonski.

In 2015, Estée Lauder signed model Kendall Jenner to promote the brand.

In 2017, the company announced Violette Serrat as their Global Beauty Director.

Alvin Chereskin, the founder of AC&R, was the long-time creative partner of the company.

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Current roster of Estée Lauder Global Ambassadors include Ana de Armas, Amanda Gorman, Bianca Brandolini d'Adda, Carolyn Murphy, Grace Elizabeth, Imaan Hammam, Karlie Kloss, Manushi Chhillar, and Yang Mi. In 2024, the company announced singer, songwriter, and actress, IU, as their first Korean Global Brand Ambassador.

Operations and finances

Finances

For fiscal year 2016, the Estée Lauder Companies achieved net sales of $11.26 billion, a 4% increase compared with $10.78 billion in the prior year. Net earnings for the year were $1.11 billion, a 2% increase compared with $1.09 billion in the previous year, and diluted net earnings per common share rose 5% to $2.96, compared with $2.82 reported in the prior year. As of 2018, Estée Lauder Companies ranked 258 on the Fortune 500 list of the largest United States corporations by revenue.

Executive management

Leonard A. Lauder was chairman emeritus. William P. Lauder is the chairman of the board. Fabrizio Freda was president and chief executive officer from 2009 through 2024. As of 2025, Stéphane de la Faverie, the former executive group president, was named president and CEO of ELC.

As of 2026, Justin Boxford is Global President, Luxury Beauty Brands.

International operations

Jeanette Sarkisian Wagner was president of the company's International Operations division, who quickly introduced the brand's product line to the women of the Soviet Union and China when those countries began to open up in the 1980s and '90s. Under Wagner, the division went from a small and relatively unprofitable arm of Estée Lauder to one that brought in about half of the company's revenue. She oversaw the opening of the company's first location in the USSR one week after the fall of the Berlin Wall. Wagner launched marketing campaigns in over 100 countries for the company.

Brands

The Estée Lauder Companies brands include:

From Wikipedia’s article on Estée Lauder Companies, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. 1946Founded Founded in New York City1

Recent filings

  1. Sep 30, 2026DEF 14A
  2. Sep 30, 2026DEFA14A
  3. Sep 30, 2026ARS
  4. Sep 18, 2026SCHEDULE 13D/A
  5. Sep 16, 20264
  6. Sep 16, 20264
  7. Sep 16, 20264
  8. Sep 16, 20264
  9. Sep 16, 20264
  10. Sep 16, 20264
  11. Sep 16, 20264
  12. Sep 16, 20264
  13. Sep 16, 20264
  14. Sep 16, 20264
  15. Sep 16, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2