Yes, but very little! I set it with Ben Nye's Banana powder. Maybe that's what is drying my under eye area to make it more noticeable? But overall, this product works really well covering any darkness under the eyes.
This product can settle into fine lines if you apply too much as it can get cakey. The sponge applicator depostis too much at once if you apply too much pressure. It is best used if you remove the sponge nad use your finger to gently dot it or a small brush.
It did for me, and I had a lot more creasing than I would have liked. I purchased it a while ago, but I will not be repurchasing it. It didn't work for me, but I know some people have had great experiences with it.