EL · 10-K · 2026A · Full report
Liquidity and Cash Position
ESTEE LAUDER COMPANIES INC · 2026-08-19 · Importance 58 · Surprise 38 · Matches filing data
Cash and cash equivalents were $3.498 billion at June 30, 2026, up $577 million from $2.921 billion at June 30, 2025. Fiscal 2026 operating cash flow increased to $1.773 billion from $1.272 billion, while investing cash outflow narrowed to $489 million from $623 million and financing cash outflow narrowed to $712 million from $1.144 billion. The company attributed the operating cash flow increase to higher net earnings excluding non-cash items and favorable operating-asset and liability variances, and the lower investing outflow primarily to reduced capital expenditures. Total debt was 66% of total capitalization at June 30, 2026, versus 65% a year earlier; long-term debt was rated A- with a negative outlook by S&P and A3 with a negative outlook by Moody’s as of August 12, 2026.
Key facts
- ESTEE LAUDER COMPANIES INC had cash and cash equivalents of $3,498 million at June 30, 2026, compared with $2,921 million at June 30, 2025. source
- Net cash provided by operating activities was $1,773 million in fiscal 2026, compared with $1,272 million in fiscal 2025. source
- Net cash used for financing activities was $712 million in fiscal 2026, compared with $1,144 million in fiscal 2025. source
- ESTEE LAUDER COMPANIES INC expects cash on hand, operating cash flows, available credit lines, and access to credit markets to support planned operations and obligations on a near- and long-term basis. source
- As of August 12, 2026, ESTEE LAUDER COMPANIES INC's long-term debt was rated A- with a negative outlook by Standard & Poor’s and A3 with a negative outlook by Moody’s. source
- Net cash used for investing activities was $489 million in fiscal 2026, compared with $623 million in fiscal 2025. source
- ESTEE LAUDER COMPANIES INC's total debt was 66% of total capitalization at June 30, 2026, compared with 65% at June 30, 2025. source
- Fiscal 2026 financing cash flow included payments of the remaining deferred consideration in the first and third quarters for the fiscal 2023 TOM FORD acquisition. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +2.9% | ESTEE LAUDER COMPANIES INC had cash and cash equivalents of $3,498 million at June 30, 2026, compared with $2,921 million at June 30, 2025. |
| cash | positive | realized | +2.5% | Net cash provided by operating activities was $1,773 million in fiscal 2026, compared with $1,272 million in fiscal 2025. |
| cash | positive | realized | +2.2% | Net cash used for financing activities was $712 million in fiscal 2026, compared with $1,144 million in fiscal 2025. |