---
ticker: EL
company: Estee Lauder Companies Inc.
filing_type: 10-K
year_current: 2026
year_prior: 2025
risks_added: 0
risks_removed: 0
risks_modified: 2
risks_unchanged: 17
source: SEC EDGAR
url: https://riskdiff.com/el/2026-vs-2025/
markdown_url: https://riskdiff.com/el/2026-vs-2025/index.md
access: public_preview
generated: 2026-09-28
---

# Estee Lauder Companies Inc.: 10-K Risk Factor Changes 2026 vs 2025

> Source: U.S. Securities and Exchange Commission (EDGAR)  
> Generated: 2026-09-28  
> All data extracted directly from official filings. No hallucinated content.

## AI Risk Brief

> **AI interpretation layer.** The brief below was generated by an AI model from the deterministic diff. AI never invents facts.

> **Two risk disclosures changed - legal proceedings and outsourced-service dependence - while 17 remained unchanged, indicating a largely stable risk profile.**

- **Direction:** Neutral
- **Themes:** Regulatory & Legal, Supply Chain

---

## Summary

| Status | Count |
|--------|-------|
| New risks added | 0 |
| Risks removed | 0 |
| Risks modified | 2 |
| Unchanged | 17 |

---

## Selected change

This public preview includes one change. Pro access provides the complete comparison and historical data.

## Modified: Disputes and other legal or regulatory proceedings could adversely affect our business.

**Key changes:**

- Reworded sentence: "We are, and may in the future become, party to litigation, other disputes or regulatory proceedings across a wide range of matters, including ones relating to product liability matters (including asbestos-related claims), advertising, regulatory, labor and employment, pensions and benefits, intellectual property, real estate, environmental, trade relations (including tariffs and duties), securities, tax and privacy."
- Added sentence: "We are mindful of the evolving litigation landscape related to asbestos-related claims, and continue to monitor trends in this area."
- Removed sentence: "21 21 21 Table of Contents Table of Contents"

**Prior (2025):**

We are, and may in the future become, party to litigation, other disputes or regulatory proceedings across a wide range of matters, including ones relating to product liability matters (including asbestos-related claims), advertising, regulatory, employment, intellectual property, real estate, environmental, trade relations, securities, tax and privacy. In general, claims made by us or against us in litigation, disputes or other proceedings can be expensive and time consuming and could result in settlements, injunctions or damages that could significantly affect our business. It is not possible to predict the final resolution of the litigation, disputes or proceedings to which we currently are or may in the future become party to, and the impact of certain of these matters could have a material adverse effect on our business. 21 21 21 Table of Contents Table of Contents

**Current (2026):**

We are, and may in the future become, party to litigation, other disputes or regulatory proceedings across a wide range of matters, including ones relating to product liability matters (including asbestos-related claims), advertising, regulatory, labor and employment, pensions and benefits, intellectual property, real estate, environmental, trade relations (including tariffs and duties), securities, tax and privacy. In general, claims made by us or against us in litigation, disputes or other proceedings can be expensive and time consuming and could result in settlements, injunctions or damages that could significantly affect our business. We are mindful of the evolving litigation landscape related to asbestos-related claims, and continue to monitor trends in this area. It is not possible to predict the final resolution of the litigation, disputes or proceedings to which we currently are or may in the future become party to, and the impact of certain of these matters could have a material adverse effect on our business.

---

## Source filings

- [2026 10-K filing on SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1001250/000100125026000041/0001001250-26-000041-index.htm)
- [2025 10-K filing on SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1001250/000100125025000099/0001001250-25-000099-index.htm)

[View the full comparison with Pro](https://riskdiff.com/el/2026-vs-2025/full/)

*Data sourced from SEC EDGAR. Last updated 2026-09-28.*