Coty (COTY) FY2026 results: revenue $5.8 billion, down 1.5% on the year
Coty Inc. (COTY) reported revenue of $5.8 billion for fiscal 2026, the year ended 30 June 2026, down 1.5% on the year before. Net income was -$605 million, and diluted earnings per share $-0.70. The figures are the company's own, from the 10-K it filed with the SEC on 20 August 2026.
Revenue
$5.8 billion
-1.5% on the year
FY2019FY2026
Operating margin
-1.4%
4.1% a year earlier
FY2019FY2026
Net income
-$605 million
FY2019FY2026
Diluted EPS
-$0.70
FY2019FY2026
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 6 new.
Free cash flow grew despite profit headwinds: FY26 free cash flow increased to $348.2 million from $277.6 million year-over-year, while operating cash flow rose to $537.8 million, demonstrating improved working capital management despite lower profitability.
Middle East conflict headwind estimated at 1%: Management noted estimated 1% headwind to Q4 total sales from Middle East conflict, with Prestige experiencing 1.5% headwind and Consumer Beauty 1% headwind.
Sell-out performance remains below market levels: Management acknowledged sell-out trends remain below market levels in both Prestige and Consumer Beauty divisions despite some narrowing of gap, marking key priority for organization.
Adjusted gross margin declined 190 basis points: FY26 adjusted gross margin of 63% declined 190 basis points year-over-year, driven by supply chain cost under-absorption from lower sales and tariff impacts.
Gucci and Wella proceeds supporting deleveraging: Proceeds from Wella stake monetization ($750M in December 2025) and planned Gucci sale ($400M plus inventory) being deployed to debt reduction and core brand reinvestment.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Operating cash flow
538
493
615
+9.2%
Capital expenditure
190
215
245
-11.8%
Free cash flow
348
278
369
+25.4%
Free cash flow margin
6.0%
4.7%
6.0%
Cash from investing
539
-128
-226
Cash from financing
-1,161
-427
-337
Depreciation and amortisation
482
420
421
+14.8%
Share-based compensation
46.3
50.0
88.8
-7.4%
Dividends paid
13.2
13.3
13.4
-0.8%
Diluted shares, weighted
877m
871m
883m
+0.7%
Shares outstanding at period end
880m
872m
868m
+0.9%
Balance sheet
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Shareholders' equity
2,990
3,543
3,827
-15.6%
Non-controlling interest
172
176
185
-2.3%
Redeemable equity
142
142
142
0.0%
Short-term borrowings
12.3
0.0
0.0
Debt
3,033
3,956
3,842
-23.3%
Operating lease liabilities
183
222
219
-17.5%
Other liabilities
3,667
3,869
3,868
-5.2%
Total liabilities and equity
10,200
11,908
12,082
-14.3%
Fixed assets
650
709
719
-8.3%
Goodwill
3,810
4,062
3,906
-6.2%
Intangible assets
2,776
3,215
3,566
-13.7%
Cash and equivalents
176
257
301
-31.5%
Receivables
526
526
442
-0.1%
Inventory
839
794
764
+5.6%
Other assets
1,424
2,344
2,386
-39.2%
Total assets
10,200
11,908
12,082
-14.3%
10-K for the year ended 30 June 2026, filed 20 August 2026: the filing.