L'Oréal

OR · Euronext Paris · EUR

€372.75+0.27%+€1.00

Close · October 2, 2026

At a glance

Revenue growth: +1.30%; 2025 vs 2024
Net income growth: −4.39%; 2025 vs 2024
Net margin: 13.9%; 2024: 14.7%

Financial data

Amounts in millions of EUR; per-share values in EUR; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total assets	66,354	61,821	54,597	56,353	52,984	51,855	51,108	46,844	47,169	43,013
Current assets	17,971	22,199	18,277	16,474	16,554	16,325	17,572	14,050	14,590	12,076
Cash and equivalents	4,049	9,865	4,822	4,052	2,728	4,288	4,997	2,618	2,987	2,714
Short-term investments	—	31.2	—	—	—	33.1	—	23.1	—	4.8
Receivables	6,747	6,398	6,697	6,504	6,608	6,149	5,648	5,761	5,215	4,865
Inventory	4,935	4,543	4,427	4,630	4,677	4,482	4,258	4,079	3,988	3,167
Net property, plant and equipment	6,486	5,875	5,855	5,965	5,812	5,560	5,070	4,964	4,933	4,774
Goodwill	17,670	14,470	12,983	13,382	13,235	13,103	11,362	11,718	11,354	11,075
Other intangible assets	6,326	5,072	4,530	4,595	4,441	4,287	3,611	3,640	3,501	3,463
Long-term investments	16,146	12,518	11,267	14,337	11,290	11,158	12,584	11,132	11,813	10,795
Current liabilities	18,548	15,367	15,400	14,636	16,326	14,900	17,119	13,720	15,709	16,583
Accounts payable	7,103	6,728	6,664	6,469	6,778	6,347	6,075	6,346	6,468	6,068
Long-term debt	9,788	8,070	4,758	5,187	3,804	4,747	3,250	3,018	3,009	10.7
Total debt	16,713	11,916	8,828	—	—	—	—	—	—	—
Total liabilities	32,465	26,817	23,418	23,216	23,353	22,774	23,146	19,658	21,237	19,421
Total equity (incl. minority)	33,889	35,004	31,179	33,138	29,631	29,082	27,962	27,187	25,932	23,593
Retained earnings	3,547	24,294	22,260	22,554	20,212	19,983	17,575	17,382	15,309	23,689
Minority interest	48.5	50.6	2.1	4.5	3.4	7.3	5.9	8.0	3.3	6.9