L'Oréal Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	44,052	43,487	41,183	38,261	32,288
Revenue Growth (YoY)	1.30%	5.59%	7.64%	18.50%	15.35%
Cost of Revenue	11,313	11,227	10,767	10,577	8,433
Gross Profit	32,739	32,260	30,416	27,683	23,854
Selling, General & Admin	22,466	22,218	20,983	19,088	16,665
Research & Development	1,381	1,355	1,289	1,139	1,029
Operating Income	8,892	8,688	8,143	7,457	6,160
Interest Income	519.6	591.9	583	538	396.8
Interest Expense	-365.8	-373.4	-226.7	-70.4	-38
Other Non-Operating Income (Expense)	-543.4	-474.4	-498.7	-313.8	-472.2
Total Non-Operating Income (Expense)	-389.6	-255.9	-142.4	153.8	-113.4
Pretax Income	8,502	8,433	8,001	7,611	6,047
Provision for Income Taxes	2,363	2,015	1,811	1,899	1,445
Net Income	6,127	6,409	6,184	5,707	4,597
Minority Interest in Earnings	1	7.8	6.7	7.4	5.7
Net Income to Common	6,127	6,409	6,184	5,707	4,597
Net Income Growth	-4.39%	3.63%	8.37%	24.14%	29.01%
Shares Outstanding (Basic)	535	534	535	536	558
Shares Outstanding (Diluted)	535	536	537	538	560
Shares Change (YoY)	-0.13%	-0.18%	-0.12%	-3.95%	-0.33%
EPS (Basic)	11.48	11.99	11.55	10.65	8.24
EPS (Diluted)	11.44	11.95	11.52	10.61	8.21
EPS Growth	-4.27%	3.73%	8.58%	29.23%	29.49%
Free Cash Flow	7,162	6,644	6,116	4,935	5,653
Free Cash Flow Growth	7.79%	8.64%	23.93%	-12.70%	3.14%
Free Cash Flow Per Share	13.38	12.39	11.39	9.18	10.10
Dividends Per Share	7.200	7.000	6.600	6.000	4.800
Dividend Growth	2.86%	6.06%	10.00%	25.00%	20.00%
Gross Margin	74.32%	74.18%	73.86%	72.35%	73.88%
Operating Margin	20.19%	19.98%	19.77%	19.49%	19.08%
Profit Margin	13.92%	14.76%	15.03%	14.93%	14.25%
FCF Margin	16.26%	15.28%	14.85%	12.90%	17.51%
EBITDA	10,709	10,543	9,858	8,993	7,941
EBITDA Margin	24.31%	24.24%	23.94%	23.50%	24.60%
EBIT	8,892	8,688	8,143	7,457	6,160
EBIT Margin	20.19%	19.98%	19.77%	19.49%	19.08%
Effective Tax Rate	27.79%	23.90%	22.63%	24.96%	23.90%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.