Filing Flows › Estee Lauder Companies (EL) › Q2 FY26
Estee Lauder Companies (EL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
Estee Lauder Companies (EL) reported revenue of $4.2B for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +21% from the quarter before. Operating margin was 9.5%, net earnings $162M (3.8% of revenue).
Estee Lauder Companies, Q2 FY26: revenue $4.2B (+6% year over year), operating margin 9.5%, net earnings $162M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +21% | +6% |
| Gross profit | $3.2B | +27% | +6% |
| Operating profit | $401M | +137% | — |
| Net earnings | $162M | +245% | — |
| Operating cash flow | $1.1B | — | +6% |
| Free cash flow | $1.0B | — | +10% |
What changed
Revenue was $4.2B in Q2 FY26, up 6% year over year and up 21% from the previous quarter.
Gross margin was 76.5%, up 0.4 points from a year earlier. Operating profit was $0.40B, a 9.5% margin (up 24.0 points year over year). Operating expenses fell 22% while revenue rose 6%. Net earnings were $0.16B. The effective tax rate was 51.4%.
Operating cash flow was $1.1B (up 6% year over year), 694% of net earnings. Non-cash charges added back $0.20B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $0.67B. Capital expenditures of $0.11B left free cash flow of $1.0B.
Questions
What was Estee Lauder Companies' revenue in the second quarter fiscal 2026?
Estee Lauder Companies (EL) reported revenue of $4.2B for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +21% from the quarter before.
Was Estee Lauder Companies profitable in the second quarter fiscal 2026?
Operating profit was $401M (9.5% of revenue) and net earnings $162M.