SEGMENT REPORTING

9 Months Ended

Mar. 31, 2026

Operating and reportable segments (referred to as “segments”) reflect the way the Company is managed and for which separate financial information is available and evaluated regularly by the Company's CODM in deciding how to allocate resources and assess performance. The Company has designated its Interim Chief Executive Officer ("Interim CEO") as the CODM.

Certain income and shared costs and the results of corporate initiatives are managed by Corporate. Corporate primarily includes stock compensation expense, restructuring and realignment costs, costs related to acquisition and divestiture activities, and impairments of long-lived assets, goodwill and intangibles that are not attributable to ongoing operating activities of the segments. Corporate costs are not used by the CODM to measure the underlying performance of the segments.

With the exception of goodwill and acquired intangible assets, the Company does not identify or monitor assets by segment. The Company does not present assets by reportable segment since various assets are shared between reportable segments. The allocation of goodwill by segment is presented in Note 7—Goodwill and Other Intangible Assets, net.

We have identified and presented significant segment expenses, which are included in the table below. The CODM evaluates operating income (loss) to assess segment performance, make operating decisions, and allocate resources amongst the segments by comparing budget to historical actual results.


	Three Months Ended March 31, 2026
SEGMENT DATA	Prestige		Consumer Beauty		Corporate		Total
Net revenues	$	830.9	$	450.7	$	—	$	1,281.6
Less:
Cost of sales	257.8		231.9		—		489.7


Advertising and consumer promotion costs	235.7		129.5		—		365.2
Other segment items(a)	279.0		512.6		7.1		798.7
Operating income (loss)	$	58.4	$	(423.3)	$	(7.1)	$	(372.0)

Reconciliation:

Operating loss							$	(372.0)
Interest expense, net							33.7
Other expense, net							53.2
Loss before income taxes							$	(458.9)

Other segment disclosures:
Depreciation and amortization	$	92.3	$	36.8	$	—	$	129.1


	Three Months Ended March 31, 2025
SEGMENT DATA	Prestige		Consumer Beauty		Corporate		Total
Net revenues	$	829.4	$	469.7	$	—	$	1,299.1
Less:
Cost of sales	243.9		219.8		3.0		466.7


Advertising and consumer promotion costs	230.7		134.2		—		364.9
Other segment items(a)	276.1		305.2		166.6		747.9
Operating income (loss)	$	78.7	$	(189.5)	$	(169.6)	$	(280.4)

Reconciliation:

Operating loss							$	(280.4)
Interest expense, net							47.9
Other expense, net							132.3
Loss before income taxes							$	(460.6)

Other segment disclosures:
Depreciation and amortization	$	64.4	$	37.8	$	2.9	$	105.1



	Nine Months Ended March 31, 2026
SEGMENT DATA	Prestige		Consumer Beauty		Corporate		Total
Net revenues	$	3,034.0	$	1,503.4	$	—	$	4,537.4
Less:
Cost of sales	914.9		736.5		6.7		1,658.1
Advertising and consumer promotion costs	848.8		380.9		—		1,229.7
Other segment items(a)	821.1		798.7		68.6		1,688.4
Operating income (loss)	$	449.2	$	(412.7)	$	(75.3)	$	(38.8)

Reconciliation:

Operating loss							$	(38.8)
Interest expense, net							121.7
Other expense, net							359.9
Loss before income taxes							$	(520.4)

Other segment disclosures:
Depreciation and amortization	$	244.0	$	110.1	$	—	$	354.1



	Nine Months Ended March 31, 2025
SEGMENT DATA	Prestige		Consumer Beauty		Corporate		Total
Net revenues	$	3,059.6	$	1,580.9	$	—	$	4,640.5
Less:
Cost of sales	886.2		708.8		4.3		1,599.3
Advertising and consumer promotion costs	829.5		397.4		—		1,226.9
Other segment items(a)	801.4		586.1		201.2		1,588.7
Operating income (loss)	$	542.5	$	(111.4)	$	(205.5)	$	225.6

Reconciliation:

Operating income							$	225.6
Interest expense, net							164.1
Other expense, net							332.8
Loss before income taxes							$	(271.3)

Other segment disclosures:
Depreciation and amortization	$	196.3	$	114.7	$	4.3	$	315.3

(a) Other segment items primarily include administrative costs, logistics costs, stock compensation expense, amortization of definite-lived intangible assets, restructuring costs, transactional foreign exchange gains/losses, bad debt expense, asset impairment charges, and other miscellaneous costs.

Fragrance products include a variety of perfumes, colognes, and mists offering various scents to suit individual preferences and occasions. Color Cosmetic products include lip, eye, facial and other color products including nail color. Body care and other products include shower gels, body sprays, and deodorants. Skincare products include moisturizers, serums, sun treatment, cleansers, toners and anti-aging creams designed to nourish, protect and improve the skin's appearance and health.

Presented below are the percentage of net revenues associated with the Company’s product categories:


	Three Months Ended March 31,				Nine Months Ended March 31,
PRODUCT CATEGORY	2026		2025		2026		2025
Fragrance	64.7	%	65.4	%	69.0	%	69.0	%
Color Cosmetics	25.0		24.5		22.7		22.8
Body Care & Other	5.5		5.8		4.7		4.9
Skincare	4.8		4.3		3.6		3.3
Total	100.0	%	100.0	%	100.0	%	100.0	%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

COTY INC. 10-Q