Growth Metrics

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

e.l.f. Beauty's Gross Margin history spans 11 years, with the latest figure at 70.99% for Q4 2025.

  • For Q4 2025, Gross Margin fell 30.0% year-over-year to 70.99%; the TTM value through Dec 2025 reached 70.27%, down 84.0%, while the annual FY2025 figure was 71.24%, 52.0% up from the prior year.
  • Gross Margin reached 70.99% in Q4 2025 per ELF's latest filing, 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.
  • Average Gross Margin over 5 years is 68.31%, with a median of 69.29% recorded in 2025.
  • Peak YoY movement for Gross Margin: crashed -338bps in 2021, then skyrocketed 567bps in 2023.
  • A 5-year view of Gross Margin shows it 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.
  • Per Business Quant, the three most recent readings for ELF's Gross Margin are 70.99% (Q4 2025), 69.45% (Q3 2025), and 69.13% (Q2 2025).