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Navigating the emotional shifts that can accompany menopause, such as mood swings and anxiety, is a common experience for many women. These changes are often linked to fluctuating hormone levels during the perimenopausal and postmenopausal stages. Understanding the potential role of Hormone Replacement Therapy (HRT) in addressing these symptoms is a key aspect of managing menopausal well-being.
This article will review the current evidence regarding HRT for menopause-related mood swings and anxiety. We aim to provide clear, evidence-based information to help you understand how HRT might fit into a broader approach to supporting emotional health during this life stage.
Understanding Mood and Anxiety During Menopause
The menopausal transition is characterized by significant hormonal changes, particularly fluctuations in estrogen and progesterone. These hormonal shifts can influence various bodily systems, including those that regulate mood and emotional responses [1]. Many women report experiencing increased irritability, sadness, anxiety, and mood swings during perimenopause and postmenopause [2].
It’s important to recognize that these emotional changes are not simply a ‘normal part of aging’ but are often directly influenced by the endocrine shifts occurring in the body. The experience of menopause-related mood and anxiety can vary widely among individuals, with some women experiencing mild symptoms and others finding them significantly impactful on their daily lives [2]. Beyond direct hormonal effects, sleep disturbances, which are common during menopause, can also contribute to mood changes and anxiety [3].
How HRT May Influence Mood and Anxiety
Hormone Replacement Therapy (HRT) involves supplementing hormones, primarily estrogen, and sometimes progesterone and testosterone, that the body produces less of during menopause [4]. The rationale behind using HRT for mood and anxiety symptoms is that by stabilizing hormone levels, it may help to alleviate emotional distress linked to hormonal fluctuations [5].
Estrogen is known to have widespread effects on the brain, including areas involved in mood regulation. Research suggests that estrogen can impact neurotransmitter systems, such as serotonin and norepinephrine, which play crucial roles in emotional well-being [5]. By restoring more consistent estrogen levels, HRT may help to modulate these systems and potentially improve mood stability and reduce anxiety symptoms [5].
Evidence for Estrogen and Progesterone in Mood Support
For women experiencing mood disturbances and anxiety during menopause, estrogen therapy is often considered. Studies indicate that estrogen, particularly when initiated around the time of menopause, can be effective in improving mood symptoms and reducing anxiety levels [5]. The benefits appear to be most pronounced in women who experience these symptoms alongside other common menopausal symptoms like hot flashes and night sweats [5].
Progesterone, often prescribed alongside estrogen for women with a uterus, also plays a role. While primarily known for protecting the uterine lining, progesterone itself can have calming effects on the central nervous system. Some forms of progesterone, particularly micronized progesterone, may offer additional benefits for sleep and anxiety [6]. The specific formulation and route of administration of HRT can influence its effects, and these are considerations discussed with a healthcare provider [4].
Considering Testosterone’s Role
While estrogen and progesterone are the primary components of HRT for most menopausal symptoms, some women may also experience benefits from testosterone therapy. Although often associated with libido, testosterone also has receptors in the brain and may influence mood and cognitive functions [7].
A pilot study exploring transdermal testosterone therapy in peri- and postmenopausal women observed potential improvements in mood and cognitive symptoms [7]. However, the evidence for testosterone’s direct impact on mood swings and anxiety as a primary indication is less extensive compared to estrogen, and it is typically considered for women who continue to experience certain symptoms despite adequate estrogen therapy [4].
HRT for Early Menopause and Primary Ovarian Insufficiency
For younger women who experience early menopause or primary ovarian insufficiency (POI), HRT is particularly important not only for symptom management but also for long-term health. In these populations, HRT is often recommended to replace hormones that would otherwise be produced, and it can significantly support overall well-being, including emotional stability [8].
The benefits of HRT in these cases extend beyond mood to bone health, cardiovascular health, and cognitive function, making it a crucial consideration for comprehensive care [8]. The approach to HRT in younger women may differ in terms of dosage and duration compared to women entering menopause at the typical age [8].
References
- Menopause. Primary care, 2018
- Menopause and Mental Health. Advances in therapy, 2026
- Sleep During Menopause. Sleep medicine clinics, 2023
- Hormone replacement therapy – Current recommendations. Best practice & research. Clinical obstetrics & gynaecology, 2022
- Hormonal Agents for the Treatment of Depression Associated with the Menopause. Drugs & aging, 2022
- Progesterone and abnormal uterine bleeding/menstrual disorders. Best practice & research. Clinical obstetrics & gynaecology, 2020
- Effect of transdermal testosterone therapy on mood and cognitive symptoms in peri- and postmenopausal women: a pilot study. Archives of women’s mental health, 2025
- Hormone replacement therapy in young women with primary ovarian insufficiency and early menopause. Fertility and sterility, 2016
These statements have not been evaluated by the Food and Drug Administration. This information is not intended to diagnose, treat, cure, or prevent any disease. Content is for informational purposes only and is not medical advice; consult a qualified healthcare provider before starting any supplement. As an Amazon Associate we earn from qualifying purchases.

