e.l.f. Beauty (ELF) Operating Expenses (2015 - 2026)
e.l.f. Beauty's (ELF) quarterly Operating Expenses came in at $280.3 million in Q2 2026, up 43.14% on a YoY basis from $195.8 million in Q2 2025, and down 12.16% quarter-over-quarter from $319.1 million in Q1 2026.
Analysis
e.l.f. Beauty (ELF) Operating Expenses (2015 - 2026) Analysis & Trends
e.l.f. Beauty (ELF) has reported Operating Expenses for 12 consecutive years, with $280.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 43.14% year-over-year to $280.3 million; the trailing twelve-month figure through Jun 2026 stood at $1.1 billion (up 40.06% YoY), and the FY2026 full-year result was $1.0 billion, up 31.94% from the prior year.
- Operating Expenses slipped to $280.3 million in Q2 2026 per ELF's latest filing, from $319.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $319.1 million in Q1 2026 and bottomed at $61.6 million in Q2 2022.
- Historically, Operating Expenses has averaged $169.2 million across 5 years, with a median of $183.4 million in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 112.27% in 2023, then fell 8.3% in 2025.
- Over 5 years, Operating Expenses stood at $75.4 million in 2022, then jumped by 112.27% to $160.1 million in 2023, then soared by 36.28% to $218.2 million in 2024, then rose by 28.29% to $280.0 million in 2025, then increased by 0.13% to $280.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $280.3 million, $319.1 million, and $280.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Estee Lauder Companies | 37.62 Bn | 34.12 Bn | 2.74 Bn | 2.78 Bn |
| 2 | e.l.f. Beauty | 6.47 Bn | 6.12 Bn | 398.84 Mn | 280.32 Mn |
| 3 | Interparfums | 3.74 Bn | 3.75 Bn | 223.53 Mn | 174.58 Mn |
| 4 | Coty | 2.58 Bn | 2.58 Bn | 772.70 Mn | 741.30 Mn |
| 5 | Olaplex Holdings | 1.39 Bn | 1.06 Bn | 71.66 Mn | 76.77 Mn |
| 6 | Oddity Tech | 782.63 Mn | 486.92 Mn | 137.97 Mn | 163.46 Mn |
| 7 | Betterware De Mexico, S.A.P.I. De C.V | 588.48 Mn | 558.17 Mn | 156.58 Mn | 117.44 Mn |
| 8 | Yatsen Holding | 499.34 Mn | 345.22 Mn | 124.36 Mn | -143.80 Mn |
| 9 | Nu Skin Enterprises | 235.59 Mn | 44.21 Mn | 218.33 Mn | 277.64 Mn |
| 10 | Pitanium | 207.93 Mn | -2.70 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 280.32 Mn |
| Mar 31, 2026 | 319.14 Mn |
| Dec 31, 2025 | 279.96 Mn |
| Sep 30, 2025 | 231.14 Mn |
| Jun 30, 2025 | 195.83 Mn |
| Mar 31, 2025 | 192.72 Mn |
| Dec 31, 2024 | 218.22 Mn |
| Sep 30, 2024 | 186.14 Mn |
| Jun 30, 2024 | 180.58 Mn |
| Mar 31, 2024 | 210.17 Mn |
| Dec 31, 2023 | 160.12 Mn |
| Sep 30, 2023 | 112.19 Mn |
| Jun 30, 2023 | 91.94 Mn |
| Mar 31, 2023 | 121.08 Mn |
| Dec 31, 2022 | 75.43 Mn |
| Sep 30, 2022 | 64.18 Mn |
| Jun 30, 2022 | 61.56 Mn |
| Mar 31, 2022 | 65.31 Mn |
| Dec 31, 2021 | 55.37 Mn |
| Sep 30, 2021 | 50.54 Mn |