Here are the 10-K annual reports from The Estee Lauder Companies Inc. (EL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow EL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EL filings page.
ESTEE LAUDER COMPANIES INC (EL) describes a global prestige beauty business spanning skin care, makeup, fragrance and hair care, stewarding over 20 luxury and prestige brands sold in approximately 150 countries and territories. The company operates primarily as a wholesaler across department stores, travel retail, specialty-multi retailers and online platforms, and also runs a direct-to-consumer network with about 1,600 freestanding stores as of June 30, 2026.
In February 2025, management launched the “Beauty Reimagined” strategic vision and a “One ELC” operating model aimed at simplifying the organization, unifying culture and leveraging shared data and platforms to drive growth and efficiencies. The business is managed by product category and a reorganized four-region structure (The Americas, EUKEM, Asia/Pacific and standalone Mainland China), with a strong focus on emerging and priority emerging markets.
R&D remains a core capability, with $278 million spent in fiscal 2026 and roughly 1,000 employees dedicated to innovation and product safety. Human capital is central, with about 55,000 employees worldwide and 81% female representation. The Lauder family continues to control the company, holding approximately 82% of the voting power of the common stock, and EL identifies extensive risk factors, including intense competition, macroeconomic conditions, ESG expectations, AI and cybersecurity.
The Estée Lauder Companies Inc. described a strategic reset called "Beauty Reimagined" and an expanded Profit Recovery and Growth Plan focused on efficiencies, procurement, supply-chain zero-waste and selective outsourcing to restore margins.
Fiscal 2025 results showed broad category weakness: skin care net sales down 12% (volume -13%), makeup down 6% (volume -9%), hair care down 10% and fragrance roughly flat with pricing up 6% but volume down 6%. The company recorded significant goodwill and intangible impairments totaling approximately $1.286 billion in fiscal 2025 and expanded a restructuring program expected to reduce 5,800–7,000 positions and incur $1.2–$1.6 billion of charges to generate $800–$1,000 million of annual gross benefits.