Income StatementBalance SheetCash FlowSegments
Estee Lauder Companies Inc. logo

Estee Lauder Companies Inc. Business Segments

Business, geographic, and product segment breakdowns

Estee Lauder Companies Inc. generates $14.8B in annual revenue across 4 key segments: Fragrance ($2.7B), Hair Care ($566.0M), Makeup ($4.2B), and Skin Care ($7.2B). The company-wide operating margin is 2.89%. Based on the Q1 2026 filing.

Fragrance (TTM)$2.7BHair Care (TTM)$566.0MMakeup (TTM)$4.2BSkin Care (TTM)$7.2B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$28.9B
ROE-5.95%

Products & Services

SG&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Advertising and Promotion$910.8M$910.8M$910.8M———
Research and Development$79.0M$79.0M$79.0M———
Shipping and Handling$182.3M$182.3M$182.3M———

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care$462.0M$438.0M$493.0M$419.0M$471.0M$427.0M
Makeup$280.0M$287.0M$269.0M$280.0M$296.0M$264.0M
Fragrance$159.0M$120.0M$143.0M$180.0M$173.0M$138.0M
Hair Care$41.0M$35.0M$42.0M$36.0M$39.0M$34.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care$1.1B$1.1B$1.2B$1.2B$1.2B$1.2B
Makeup$371.0M$371.0M$371.0M$371.0M$371.0M$371.0M
Hair Care$352.0M$353.0M$353.0M$353.0M$353.0M$353.0M
Fragrance$221.0M$223.0M$230.0M$230.0M$230.0M$228.0M

Goodwill, Gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care$1.5B$1.5B$1.6B$1.6B$1.6B$1.6B
Makeup$1.1B$1.1B$1.1B$1.1B$1.1B$1.1B
Hair Care$352.0M$353.0M$353.0M$353.0M$353.0M$353.0M
Fragrance$251.0M$253.0M$260.0M$260.0M$260.0M$258.0M

Goodwill, Impaired, Accumulated Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Makeup$745.0M$745.0M$745.0M$745.0M$745.0M$745.0M
Skin Care$411.0M$412.0M$435.0M$427.0M$419.0M$405.0M
Fragrance$30.0M$30.0M$30.0M$30.0M$30.0M$30.0M
Hair Care$0.0$0.0$0.0$0.0$0.0$0.0

Goodwill, Period Increase (Decrease)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care-$69.0M$4.0M—-$16.0M$18.0M-$19.0M
Fragrance-$5.0M$2.0M$7.0M$0.0$0.0-$2.0M
Hair Care-$2.0M$1.0M$0.0$0.0$0.0$0.0
Makeup-$13.0M$0.0$0.0$0.0$0.0$0.0

Carrying Value, Customer List

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Fragrance, Makeup And Other Products——$0.0———
Makeup——$50.0M———
Skin Care——$189.0M———

Customer lists, impairment charge

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Fragrance, Makeup And Other Products——$0.0———
Makeup——$0.0———

Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Fragrance, Makeup And Other Products0.0%0.0%0.0%———

Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Fragrance, Makeup And Other Products0.0%0.0%0.0%———

Operating Income (Loss) Before Other And Restructuring Activities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care$306.0M$361.0M—$187.0M$454.0M$444.0M
Fragrance-$446.0M$32.0M-$24.0M$86.0M$105.0M$21.0M
Hair Care-$3.0M-$13.0M-$7.0M-$12.0M$18.0M-$5.0M
Makeup-$211.0M$14.0M-$59.0M-$15.0M$18.0M-$3.0M

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Makeup$0.0$0.0$0.0——$35.0M
Skin Care$0.0$0.0$0.0——$27.0M
Fragrance$0.0$0.0$0.0——$13.0M
Hair Care$0.0$0.0$0.0——$9.0M

Revenue From Contract With Customer, Excluding Assessed Tax, Adjusted

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care$1.9B$1.8B$1.7B$1.6B$2.1B$1.9B
Makeup$1.2B$1.0B$982.0M$1.0B$1.2B$1.1B
Fragrance$744.0M$557.0M$560.0M$721.0M$812.0M$628.0M
Hair Care$159.0M$126.0M$141.0M$129.0M$168.0M$128.0M

Segment depreciation and amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care$99.0M$104.0M$105.0M$90.0M$96.0M$100.0M
Makeup$59.0M$60.0M$60.0M$59.0M$54.0M$58.0M
Fragrance$39.0M$32.0M$34.0M$41.0M$38.0M$34.0M
Hair Care$8.0M$7.0M$9.0M$8.0M$8.0M$7.0M

Selling, general and administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care$1.2B$1.0B$1.0B$969.0M$1.1B$958.0M
Makeup$823.0M$734.0M$722.0M$765.0M$850.0M$776.0M
Fragrance$482.0M$405.0M$441.0M$455.0M$534.0M$456.0M
Hair Care$121.0M$104.0M$106.0M$105.0M$111.0M$90.0M

Translation adjustments, accumulated impairments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care$34.0M-$1.0M-$23.0M$8.0M$8.0M$14.0M
Fragrance$0.0$0.0$0.0$0.0$0.0$0.0
Hair Care$0.0$0.0$0.0$0.0$0.0$0.0
Makeup$0.0$0.0$0.0$0.0$0.0$0.0

Translation adjustments, goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care-$103.0M$5.0M$71.0M-$24.0M$10.0M-$33.0M
Fragrance-$5.0M$2.0M$7.0M$0.0$0.0-$2.0M
Hair Care-$2.0M$1.0M$0.0$0.0$0.0$0.0
Makeup$0.0$0.0$0.0$0.0$0.0$0.0

Estimated recognition of deferred revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
License$217.0M$214.0M$210.0M$207.0M$204.0M$201.0M

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other category$30.0M$25.0M$20.0M$25.0M$31.0M$28.0M

Weighted-average cost of capital used to estimate fair value (as a percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Skin Care——10.5%———

Geographic

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All other countries——$2.4B———

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All other countries$1.5B$1.5B$1.5B———

Net sales before returns associated with restructuring and other activities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
The Americas$1.2B$1.1B$949.0M$1.2B$1.2B$1.1B
Asia/Pacific$1.3B$1.1B$1.2B$873.0M$900.0M$1.0B
Europe, United Kingdom and Ireland and Emerging Markets ("EUKEM")$1.1B$785.0M—$901.0M$1.2B$859.0M
Mainland China$822.0M$696.0M—$532.0M$928.0M$774.0M