EL · 8-K · 20260819PR000038

Operating Cash Flow and Free Cash Flow

ESTEE LAUDER COMPANIES INC · 2026-08-19 · Importance 63 · Surprise 64 · No source text

Cash and cash equivalents increased to $3.50 billion at June 30, 2026, from $2.92 billion a year earlier. Operating cash flow rose 39% to $1.77 billion from $1.27 billion, and free cash flow increased to $1.32 billion from $0.67 billion. Capital expenditures declined to $457 million from $602 million, with more than 75% directed to consumer-facing investments. The company also paid $300 million in deferred consideration for the TOM FORD acquisition and $508 million in dividends during fiscal 2026.

Key facts

• The Company expects fiscal 2027 net cash provided by operating activities of $1.3 billion to $1.4 billion, down from fiscal 2026 because of higher restructuring payments and increased working-capital needs to support growth. source
• Fiscal 2026 free cash flow was $1.32 billion, compared with $0.67 billion in fiscal 2025. source
• Fiscal 2026 net cash provided by operating activities increased 39% to $1.77 billion from $1.27 billion. source
• For the twelve months ended June 30, 2026, free cash flow was $1,316 million, compared with $670 million in 2025. source
• Fiscal 2026 capital expenditures were $457 million, down from $602 million in fiscal 2025; consumer-facing investments represented over 75% of fiscal 2026 capital expenditures. source
• For the twelve months ended June 30, 2026, net cash provided by operating activities was $1,773 million, compared with $1,272 million in 2025. source

Impact estimates