Estee Lauder Companies fiscal Q4 2026: loss narrows as revenue climbs 6%

Key takeaways

• Net income was −$116.0m against −$546.0m a year earlier.
• Revenue was $3.63bn, +6.3% on the year and −2.3% on the previous quarter.
• Gross margin was 75.5% (a year earlier 72.0%) and operating margin −1.1% (−11.4%).

Estee Lauder Companies fiscal Q4 2026 results at a glance

	fiscal Q4 2026	Year earlier	Change
Revenue	$3.63bn	$3.41bn	+6.3%
Gross profit	$2.74bn	$2.46bn	+11.4%
Operating income	−$39.0m	−$390.0m	n/a
Net income	−$116.0m	−$546.0m	n/a
Operating cash flow	$576.0m	$601.0m	−4.2%
Free cash flow*	$425.0m	$394.0m	+7.9%

*Free cash flow is operating cash flow minus capital spending.

Sales and profit

Revenue went from $3.41bn to $3.63bn and net income from −$546.0m to −$116.0m.

Margins

Gross margin (gross profit as a share of revenue) was 75.5% against 72.0% a year earlier, a change of +3.5 percentage points. Operating margin was −1.1% against −11.4% (+10.4 points).

Cash flow and balance sheet

Operating cash flow was $576.0m and capital spending $151.0m, leaving free cash flow of $425.0m (a year earlier $394.0m). Cash and equivalents stood at $3.50bn against $2.92bn a year earlier; total debt was $7.31bn against $7.32bn.

How the shares moved

Estee Lauder Companies shares closed at $108.67 on 23 October 2026, +0.88% on the day, according to our end-of-day data. This analysis uses the latest quarter in our database (fiscal Q4 2026, filed 30 September 2026); a newer quarter is added once the company files it.

Our models

Our X-Ray Score for Estee Lauder Companies is 35 out of 100 (high confidence), built from five lenses: valuation 20, growth 40, profitability 47, health 38 and dividends 27. Our fair-value model puts the stock in the “Fair” band, with a blended estimate of $98 (range $93 to $105, medium uncertainty). It is a model output, not a forecast and not advice. See the full Estee Lauder Companies X-Ray and how the X-Ray Score works.

What these numbers do not show

Our data has no analyst consensus, company guidance or management commentary for this quarter, so this page does not say whether the result was better or worse than expected.