Stocks Health care HLF
NYSE · Health careHerbalife Ltd. (HLF)
Herbalife Ltd. brought in $5.3B of revenue over the twelve months to September 30, 2026, up 6.4% from a year earlier. Net income was $179.8M, a net margin of 3.4%. Operating cash flow minus capital spending left $252.9M of free cash flow in fiscal 2025. At September 30, 2026 it held $409.2M in cash against $1.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 2, 2026.
Key facts about Herbalife Ltd.
- Net worth
- Herbalife Ltd. has a market value (market cap) of $1.7B at the latest share price, and shareholders' equity of -$409.6M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $5B (+0.9% year on year), with net income of $228.3M. Over the 12 months to September 30, 2026: revenue $5.3B, net income $179.8M.
- Cash flow
- In fiscal 2025 operations brought in $333.3M of cash; after $80.4M of capital spending, free cash flow was $252.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 2, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Herbalife Ltd.'s next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Herbalife Ltd. does
Herbalife Ltd. is registered with the SEC under industry code SIC 5122 (Wholesale-Drugs, Proprietaries & Druggists' Sundries). Its shares trade on NYSE under the ticker HLF.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $5B | $228.3M | $2.20 | $252.9M |
| 2024 | $5B | $254.3M | $2.50 | $163.4M |
| 2023 | $5.1B | $142.2M | $1.42 | $222.5M |
| 2022 | $5.2B | $321.3M | $3.23 | $196.1M |
| 2021 | $5.8B | $447.2M | $4.13 | $308.9M |
| 2020 | $5.5B | $372.6M | $2.77 | $516.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where HLF ranks in Health care
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2018 | n/a | $0 | 0% |
| 2017 | n/a | $0 | 0% |
| 2016 | n/a | $0 | 0% |
| 2015 | n/a | $0 | n/a |
| 2014 | $0.30 | $30.4M | n/a |
| 2013 | $1.20 | $123.1M | n/a |
Latest SEC filings
What Herbalife Ltd. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 2, 2026
- November 2, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 6% to $1.4B versus the same quarter last year; diluted EPS $0.55 versus $0.42.
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- August 31, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- August 5, 2026
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.4% to $1.3B versus the same quarter last year; diluted EPS -$0.25 versus $0.48.
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 6, 2026
What is HLF worth? A DCF from its reported cash flow
Insider trades
What the people running Herbalife Ltd. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 4, 2026 | Lamberti FrankChief Commercial Officer | Shares withheld for tax | 1,710 | $21.9K |
| June 4, 2026 | L'Helias SophieDirector | Bought | 1,200 | $13.6K |
| May 19, 2026 | Hicks TroyChief Operating Officer | Sold | 10,000 | $123.2K |
| May 18, 2026 | Hicks TroyChief Operating Officer | Sold | 38,377 | $496.3K |
| May 18, 2026 | Hicks TroyChief Operating Officer | Exercised options | 17,481 | $145.3K |
| May 18, 2026 | Hicks TroyChief Operating Officer | Shares withheld for tax | 14,562 | $183.3K |
| May 18, 2026 | Hicks TroyChief Operating Officer | Exercised options | 65,789 | $630.3K |
| May 18, 2026 | Hicks TroyChief Operating Officer | Shares withheld for tax | 58,064 | $731K |
Who owns HLF
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Baupost Group LLC13G, passive with 2 related filers | 8.46% | February 13, 2025 |
| Route One Investment Company, L.P.13G, passive with 5 related filers | 7.3% | October 6, 2025 |
| Nantahala Capital Management, LLC13G, passive with 2 related filers | 6.72% | May 15, 2026 |
| Vanguard Portfolio Management13G, passive | 6.12% | April 29, 2026 |
| The Baupost Group, L.L.C.13G, passive with 2 related filers | 6.03% | November 13, 2024 |
| Vanguard Capital Management13G, passive | 5% | April 28, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 234 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 8,371,046 | +549,342 |
| Route One Investment Company, L.P. | 8,348,800 | +121,500 |
| Vanguard Portfolio Management LLC | 6,192,277 | +106,192 |
| Renaissance Technologies LLC | 5,024,668 | -475,300 |
| Vanguard Capital Management LLC | 4,411,900 | -2,357 |
| Geode Capital Management, LLC | 3,465,068 | +836,631 |
| Solel Partners LP | 2,848,115 | +987,500 |
| State Street Corp | 2,545,868 | +124,047 |
| Fmr LLC | 2,525,538 | -2,741,302 |
| Two Sigma Investments, LP | 2,337,889 | +91,624 |
| Arrowstreet Capital, Limited Partnership | 2,262,525 | -334,270 |
| Nantahala Capital Management, LLC | 2,218,308 | +864,655 |
| Charles Schwab Investment Management Inc | 2,116,414 | -327,574 |
| Iridian Asset Management LLC | 2,078,280 | +456,662 |
| Dimensional Fund Advisors LP | 1,885,302 | +7,585 |
| Quantedge Capital Pte Ltd | 1,845,888 | -75,770 |
| Goldman Sachs Group Inc | 1,786,617 | -1,346,819 |
| Long Focus Capital Management, LLC | 1,699,200 | 0 |
| Citigroup Inc | 1,381,582 | +218,933 |
| Victory Capital Management Inc | 1,243,923 | +556,726 |
Insiders
18 insiders reported holding 2,270,514 shares in total, about $36M at the last price.
| Holder | Shares |
|---|---|
| Johnson MichaelDirector | 887,415 |
| DeSimone JohnChief Financial Officer | 241,144 |
| Mendoza Juan MiguelDirector | 181,879 |
| Wang Henry CChief Legal Officer | 142,514 |
| Gratziani Stephan PauloChief Executive Officer | 107,310 |
| Otero MariaDirector | 95,129 |
| Carmona Richard HDirector | 83,645 |
| L'Helias SophieDirector | 79,882 |
| Mulligan Donal LDirector | 68,982 |
| Macadrai RodicaDirector | 67,441 |
Questions about HLF
What does Herbalife Ltd. do?
Herbalife Ltd. is a company in the Health care sector, listed on NYSE as HLF. Its shares trade on NYSE under the ticker HLF.
What is Herbalife Ltd.'s net worth?
Herbalife Ltd. has a market value (market cap) of $1.7B at the latest share price, and shareholders' equity of -$409.6M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Herbalife Ltd. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $179.8M on revenue of $5.3B, a net margin of 3.4%.
How much revenue does Herbalife Ltd. make?
Over the twelve months to September 30, 2026 Herbalife Ltd. reported revenue of $5.3B. That is 6.4% more than a year earlier.
When did Herbalife Ltd. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 2, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 6, 2026.
When is Herbalife Ltd.'s next earnings report?
Herbalife Ltd.'s next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Herbalife Ltd. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.