Growth Metrics

e.l.f. Beauty (ELF) Gross Margin (2016 - 2025)

e.l.f. Beauty filings provide 11 years of Gross Margin readings, the most recent being 70.99% for Q4 2025.

  • On a quarterly basis, Gross Margin fell 30.0% to 70.99% in Q4 2025 year-over-year; TTM through Dec 2025 was 70.27%, a 84.0% decrease, with the full-year FY2025 number at 71.24%, up 52.0% from a year prior.
  • Gross Margin hit 70.99% in Q4 2025 for e.l.f. Beauty, up from 69.45% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 71.29% in Q4 2024 to a low of 63.13% in Q3 2021.
  • Median Gross Margin over the past 5 years was 69.29% (2025), compared with a mean of 68.31%.
  • Biggest five-year swings in Gross Margin: plummeted -338bps in 2021 and later surged 567bps in 2023.
  • e.l.f. Beauty's Gross Margin stood at 65.58% in 2021, then rose by 3bps to 67.37% in 2022, then increased by 5bps to 70.85% in 2023, then increased by 1bps to 71.29% in 2024, then dropped by 0bps to 70.99% in 2025.
  • The last three reported values for Gross Margin were 70.99% (Q4 2025), 69.45% (Q3 2025), and 69.13% (Q2 2025) per Business Quant data.