DataGlobal Beauty Company Earnings
General Retail
Global Beauty Company Earnings
Revenue and margin data for global beauty companies with significant exposure to the duty-free and travel-retail channel. Covers Estée Lauder's FY2026 Q4/full-year results, L'Oréal's 2026 H1 results, and Coty's FY2026 Q4/full-year results, alongside their Hainan and China travel-retail commentary.
Source — Company IR/disclosures · The Moodie Davitt Report (Estée Lauder)
Estée Lauder
| Period | Scope | Revenue | Operating Margin | Revenue YoY | Reliability |
|---|---|---|---|---|---|
| FY2024 Annual | Group total | $15.61B | — | — | Disclosed |
| FY2025 Annual | Group total | $14.33B | -5.5% | -8.0% | Disclosed |
| FY2026 Q4 | Group total | $3.63B | — | +5.0% | Disclosed |
| FY2026 Annual | Group total | $15B | — | +5.0% | Disclosed |
FY2025 Annual (Group total) — $1.29B in combined goodwill/intangible impairments, incl. Tom Ford & Too Faced ($295M) and Dr.Jart+ ($375M) · Operating margin fell from 6.2% to -5.5%
FY2026 Q4 (Group total) — Revenue beat the $3.54B estimate; adjusted EPS of $0.39 beat the $0.32 estimate · Fourth straight quarter beating consensus; stock +16% on the dayTravel retail — Hainan travel-retail sales grew double digits ("absolutely fantastic") · Transitional pressure on the rest of mainland China travel retail from the Beijing/Shanghai duty-free concession handover (Sunrise → CDFG/Wangfujing, CDFG/Avolta)
FY2026 Annual (Group total) — Adjusted EPS of $2.51, +66% vs. prior year's $1.51 (excludes one-off impairments) · Gross margin +150bp, adjusted operating margin +320bp · PRGP restructuring (roughly 17.5% of workforce, 9,000-10,000 role cuts) drove the margin gainsTravel retail — Mainland China net sales $3.0B (+12% reported) · Asia Pacific organic sales grew mid-single digits · Share gains across fragrance, skincare and makeup
L'Oréal
| Period | Scope | Revenue | Operating Margin | Revenue YoY | Reliability |
|---|---|---|---|---|---|
| 2026 H1 | Group total | €23.77B | 21.3% | +5.8% | Disclosed |
| 2026 H1 | L'Oréal Luxe division | €8B | 22.1% | +5.1% | Disclosed |
2026 H1 (Group total) — Adjusted like-for-like growth +6.5%, operating margin 21.3% (record high) · Management cited "broad-based growth across every category, division and region"
2026 H1 (L'Oréal Luxe division) — 34% of group sales; slowest-growing of the four divisions (Professional Products +11.6%, Dermatological Beauty +10.6%, Consumer Products +4.3%) · Operating margin fell from 22.3% to 22.1%, the only division to see margin contractTravel retail — CEO described the Beijing/Shanghai concession handover as "very negative in Q1, slightly negative in Q2" · Hainan's offshore duty-free market itself shrank 30% in H1 · Ex-travel-retail North Asia growth was 6.1% vs. 4.6% including it — a 1.5pp drag
Coty
| Period | Scope | Revenue | Operating Margin | Revenue YoY | Reliability |
|---|---|---|---|---|---|
| FY2026 Q4 | Group total | $1.27B | -3.4% | +1.0% | Disclosed |
| FY2026 Annual | Group total | $5.81B | -1.4% | -2.0% | Disclosed |
FY2026 Q4 (Group total) — Revenue beat the ~$1.19B estimate by 6.7% · Adjusted EPS of -$0.02 missed the -$0.01 estimate (though it improved from -$0.05 a year earlier) · Adjusted gross margin 60.9% (-140bp) · Stock +10.6% in the regular session, then -4.6% after hours once results were outTravel retail — Asia Pacific revenue +$18.6M, led by China, Southeast Asia and travel-retail growth · The Middle East conflict alone weighed on Q4 organic growth by roughly 1pp
FY2026 Annual (Group total) — Organic revenue -5% (with a 4pp FX tailwind) · Adjusted EPS $0.21 (prior year $0.22) · Adjusted EBITDA $846.9M (-22%) · Proceeds from selling its remaining Wella stake ($750M, December 2025) and an early Gucci Beauty license exit agreed with Kering (up to $400M, July 2026) went toward debt reduction and reinvestment in core brands · Under interim CEO Markus Strobel, FY2027 guidance covers only Q1 and H1 — no full-year guidance givenTravel retail — Prestige (61% of revenue) organic -4% vs. Consumer Beauty (39%) organic -7% · The company explicitly cited travel retail as one driver of Asia Pacific growth
Data notes — please read
- These three companies use different fiscal years (Estée Lauder and Coty: July-June), currencies (USD/EUR) and reporting cadences (quarterly/half-year), so this isn't meant for direct revenue/margin comparison — it's built to let you see, side by side, what each company said about the travel-retail channel over the same period.
- L'Oréal's "L'Oréal Luxe division" figures are broken out separately from the group total — this is the division that carries most of the company's duty-free and travel-retail sales.
- Estée Lauder doesn't disclose operating profit by brand or region, so the operating-margin column is blank for some rows.
- This table isn't a complete time series — it's an early version built around the most recently disclosed figures, and will be updated as each new quarter's results land.