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.

Income statement · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total revenue	23,776	21,579	22,473	21,366	22,121	20,608	20,574	19,894	18,366	17,091
Cost of revenue	5,999	5,621	5,693	5,658	5,569	5,476	5,292	5,642	4,936	4,564
Gross profit	17,777	15,958	16,781	15,708	16,552	15,133	15,283	14,253	13,431	12,527
Selling, general and administrative	12,017	11,106	11,369	10,943	11,286	10,584	10,401	9,949	9,146	8,826
Research and development	697	709	672	687	667	666	623	599	540	540
Operating income	5,063	4,143	4,740	4,078	4,599	3,882	4,259	3,705	3,745	3,162
EBIT	5,063	4,143	4,740	4,078	4,599	3,882	4,259	3,705	3,745	3,162
EBITDA	5,753	4,596	5,298	4,518	5,124	4,232	4,738	4,041	4,250	3,224
Interest expense	259	185	181	188	186	146	80.7	56.4	14.0	15.5
Pre-tax income	4,948	3,782	4,715	3,623	4,808	3,688	4,313	3,448	4,164	3,026
Income tax	1,395	1,021	1,342	866	1,150	862	949	959	940	791
Net income	3,547	2,759	3,368	2,753	3,656	2,825	3,359	2,484	3,223	2,235
Net income to common shareholders	3,547	2,759	3,368	2,753	3,656	2,825	3,359	2,484	3,223	2,235
Basic EPS	6.65	5.17	6.31	5.15	6.84	5.28	6.27	4.63	6.02	4.02
Diluted EPS	6.63	5.15	6.29	5.13	6.82	5.27	6.25	4.61	6.00	4.00
Average shares (basic)	533	533	534	534	535	535	535	536	536	556
Average shares (diluted)	535	535	535	536	536	537	537	538	538	558