e.l.f. Beauty (ELF) Operating Expenses (2015 - 2026)

e.l.f. Beauty has reported Operating Expenses for 12 years, with the latest figure at $319.1 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 65.59% year-over-year to $319.1 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 31.94% YoY), and the FY2026 full-year result was $1.0 billion, up 31.94% from the prior year.
• Operating Expenses for Q1 2026 stood at $319.1 million, up from $280.0 million in the prior quarter.
• The five-year high for Operating Expenses was $319.1 million in Q1 2026, with the low at $61.6 million in Q2 2022.
• Historically, Operating Expenses has averaged $162.7 million across 5 years, with a median of $180.6 million in 2024.
• Annual changes were most pronounced in 2023 — Operating Expenses surged 112.27% — and 2025, when it declined 8.3%.
• e.l.f. Beauty's Operating Expenses stood at $75.4 million in 2022, then surged by 112.27% to $160.1 million in 2023, then jumped by 36.28% to $218.2 million in 2024, then grew by 28.29% to $280.0 million in 2025, then climbed by 14.0% to $319.1 million in 2026.
• The last three Operating Expenses figures came in at $319.1 million (Q1 2026), $280.0 million (Q4 2025), and $231.1 million (Q3 2025), per Business Quant data.