Shareholder Guide Edition 2026/2027

A dividend that has not decreased in 60 years

A dividend that has not decreased in 60 years

A dynamic shareholder return policy

Evolution of the dividend per share (in euros), with and without loyalty bonus (2015 to 2025): In 2025, the proposed dividend is €7.20 (Dividend approved at the General Meeting on April 24, 2026) per share. With the 10% loyalty bonus, the increased dividend reaches €7.92. In 2024, the dividend per share is €7.70. The increased dividend is €7.70. In 2023, the dividend per share is €6.60. The increased dividend is €7.26. In 2022, the dividend per share is €6.00. The increased dividend is €6.60. In 2021, the dividend per share is €4.80. The increased dividend is €5.28. In 2020, the dividend per share is €4.00. The increased dividend is €4.40. In 2019, the dividend per share is €3.85. The increased dividend is €4.23. In 2018, the dividend per share is €3.85. The increased dividend is €4.23. In 2017, the dividend per share is €3.55. The increased dividend is €3.90. In 2016, the dividend per share is €3.30. The increased dividend is €3.63. In 2015, the dividend per share is €3.10. The increased dividend is €3.41.

HYPOTHESIS

Total Shareholder Return over 10 years, for €15,000 invested in L’Oréal shares, including reinvestment of dividends, excluding bank charges and tax.

Evolution of an investment between 2016 and 2026. In 2016, an investment of €15,053 made it possible to acquire 95 shares. In 2026, this investment grew to reach a value of €42,462, corresponding to 116 shares. This represents an average annual growth rate of +10.3%. The invested capital was thus multiplied by 2.6 over 10 years.
  • +2.6% per year, over 5 years
  • +10.3% per year, over 10 years
  • +10.2% per year, over 20 years

TOTAL SHAREHOLDER RETURN(2)

Amongst the various economic and financial indicators used to measure value creation, L’Oréal prefers Total Shareholder Return (TSR). This indicator is based on a range of criteria, including the share price and revenue received in the form of dividends excluding taxes on capital gains and dividends, based on the closing share price on 30 April 2026.

The advantages of registered shares – a dividend with loyalty bonus

Before the end of 2026

Register your shares in your name.

2027-2028

Hold your registered shares continuously for two full calendar years.

From 2029

For fiscal year 2028, you will receive your first 10% loyalty bonus (preferential dividend) in 2029 for shares continuously held in registered form in 2027 and 2028.

You will be entitled to receive the 10% loyalty bonus in subsequent years if you hold your shares in registered form continuously.

2026

20272028

2029 2030