The Estée Lauder Companies (EL) 10-K Summaries & Annual Filing History
Review The Estée Lauder Companies Inc. (EL) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Jun 30, 2025 · FY2025 10-K
Revenue declined and the company incurred a net loss, though cash from operations remained positive. The filing underscores ongoing market headwinds and the company's strategic adjustments.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.3B
Revenue reported for the fiscal year.
Operating income
-$785M
Income from operations reported for the year.
Net income
-$1.1B
Net income reported for the year.
Operating cash flow
$1.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $17.7B | +9.4% |
| Jun 30, 2023 | $15.9B | -10.3% |
| Jun 30, 2024 | $15.6B | -1.9% |
| Jun 30, 2025 | $14.3B | -8.2% |
Business overview
The company is a leading global prestige beauty company, offering skincare, makeup, fragrance, and hair care products under iconic brands. Its products are sold through a multi-channel distribution network including department stores, specialty retailers, online platforms, and company-owned stores.
Financial performance
Revenue for the period declined from the prior year. Both operating income and net income were negative, while cash generated from operations was positive, supporting ongoing business activities.
Material risks
The filing discusses risks common to the beauty industry, such as competition, changing consumer preferences, and supply chain disruptions. Additionally, the company mitigates credit concentration risk by maintaining cash at diverse, high-rated financial institutions.
Liquidity and capital
Liquidity is supported by cash from operations, commercial paper, long-term debt, and credit facilities. At period end, cash and cash equivalents decreased but remained sufficient for working capital and planned investments.
What to watch
Monitor the company's ability to stabilize revenue and return to profitability in the next filing.