Estee Lauder Companies (EL) FY2025 results: revenue $14.3 billion, down 8.2% on the year
Estee Lauder Companies Inc. (EL) reported revenue of $14.3 billion for fiscal 2025, the year ended 30 June 2025, down 8.2% on the year before. Net income was -$1.1 billion, and diluted earnings per share $-3.15. The figures are the company's own, from the 10-K it filed with the SEC on 20 August 2025.
Revenue
$14.3 billion
-8.2% on the year
FY2018FY2025
Operating margin
-5.5%
6.2% a year earlier
FY2018FY2025
Net income
-$1.1 billion
FY2018FY2025
Diluted EPS
-$3.15
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ 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
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
1,272
2,360
1,731
-46.1%
Capital expenditure
602
919
1,003
-34.5%
Free cash flow
670
1,441
728
-53.5%
Free cash flow margin
4.7%
9.2%
4.6%
Cash from investing
-623
-960
-3,217
Cash from financing
-1,144
-2,035
1,590
Depreciation and amortisation
829
825
744
+0.5%
Share-based compensation
304
325
267
-6.5%
Buybacks
35.0
35.0
271
0.0%
Dividends paid
618
947
925
-34.7%
Dividend per share
$1.71
$2.64
$2.58
-35.2%
Diluted shares, weighted
360m
361m
361m
-0.2%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
3,865
5,314
5,585
-27.3%
Redeemable equity
n/a
0.0
832
Debt
7,317
7,771
8,114
-5.8%
Operating lease liabilities
1,744
1,701
1,698
+2.5%
Finance lease liabilities
28.0
28.0
33.0
0.0%
Other liabilities
6,938
6,863
7,153
+1.1%
Total liabilities and equity
19,892
21,677
23,415
-8.2%
Fixed assets
3,172
3,136
3,179
+1.1%
Goodwill
2,135
2,143
2,486
-0.4%
Intangible assets
3,759
5,183
5,602
-27.5%
Cash and equivalents
2,921
3,395
4,029
-14.0%
Receivables
1,530
1,727
1,452
-11.4%
Inventory
2,074
2,175
2,979
-4.6%
Other assets
4,301
3,918
3,688
+9.8%
Total assets
19,892
21,677
23,415
-8.2%
10-K for the year ended 30 June 2025, filed 20 August 2025: the filing.