Growth Metrics

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

e.l.f. Beauty filings provide 11 years of Operating Margin readings, the most recent being 13.8% for Q4 2025.

  • On a quarterly basis, Operating Margin rose 392.0% to 13.8% in Q4 2025 year-over-year; TTM through Dec 2025 was 11.07%, a 103.0% increase, with the full-year FY2025 number at 12.03%, down 259.0% from a year prior.
  • Operating Margin hit 13.8% in Q4 2025 for e.l.f. Beauty, up from 2.24% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 28.03% in Q2 2023 to a low of 2.02% in Q1 2021.
  • Median Operating Margin over the past 5 years was 11.63% (2021), compared with a mean of 11.03%.
  • Biggest five-year swings in Operating Margin: crashed -6635bps in 2021 and later soared 1055bps in 2023.
  • e.l.f. Beauty's Operating Margin stood at 9.14% in 2021, then soared by 74bps to 15.89% in 2022, then fell by -26bps to 11.75% in 2023, then dropped by -16bps to 9.87% in 2024, then soared by 40bps to 13.8% in 2025.
  • The last three reported values for Operating Margin were 13.8% (Q4 2025), 2.24% (Q3 2025), and 13.77% (Q2 2025) per Business Quant data.