Yatsen Holding (YSG) Operating Expenses (2019 - 2026)
Yatsen Holding (YSG) posted Operating Expenses of -$143.8 million for Q2 2026, down 8.04% on a QoQ basis from -$133.1 million in Q1 2026, and down 13.72% year-over-year from -$166.7 million in Q2 2025.
Analysis
Yatsen Holding (YSG) Operating Expenses (2019 - 2026) Analysis & Trends
Yatsen Holding has reported Operating Expenses for 8 years, with the latest figure at -$143.8 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 13.72% year-over-year to -$143.8 million in Q2 2026; TTM through Jun 2026 was -$553.3 million, a 12.64% decrease from a year earlier, with the FY2025 full-year figure at -$507.2 million, down 7.56% from the prior year.
- Operating Expenses was -$143.8 million for Q2 2026 at Yatsen Holding, down from -$133.1 million in the prior quarter.
- The five-year high for Operating Expenses was -$83.9 million in Q1 2023, with the low at -$187.3 million in Q4 2023.
- Average Operating Expenses over 5 years is -$124.7 million, with a median of -$120.9 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 50.99% in 2022, then slumped 62.93% in 2023.
- Over 5 years, Operating Expenses stood at -$115.0 million in 2022, then plunged by 62.93% to -$187.3 million in 2023, then increased by 6.11% to -$175.9 million in 2024, then gained by 11.85% to -$155.0 million in 2025, then advanced by 7.23% to -$143.8 million in 2026.
- The last three Operating Expenses figures came in at -$143.8 million (Q2 2026), -$133.1 million (Q1 2026), and -$155.0 million (Q4 2025), per Business Quant data.
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 | -143.80 Mn |
| Mar 31, 2026 | -133.10 Mn |
| Dec 31, 2025 | -155.01 Mn |
| Sep 30, 2025 | -121.37 Mn |
| Jun 30, 2025 | -126.46 Mn |
| Mar 31, 2025 | -95.52 Mn |
| Dec 31, 2024 | -175.86 Mn |
| Sep 30, 2024 | -93.36 Mn |
| Jun 30, 2024 | -102.46 Mn |
| Mar 31, 2024 | -105.07 Mn |
| Dec 31, 2023 | -187.30 Mn |
| Sep 30, 2023 | -102.02 Mn |
| Jun 30, 2023 | -107.11 Mn |
| Mar 31, 2023 | -83.86 Mn |
| Dec 31, 2022 | -114.95 Mn |
| Sep 30, 2022 | -120.47 Mn |
| Jun 30, 2022 | -130.68 Mn |
| Mar 31, 2022 | -145.53 Mn |
| Dec 31, 2021 | -234.57 Mn |
| Sep 30, 2021 | -198.83 Mn |