Companies

Hermès exceeds 16 billion euros in full-year revenue

Feb 13, 2026 France

The France-based luxury group has surpassed 16 billion euros in revenue in 2025, supported by double-digit growth in its leather goods and saddlery division. Profitability also improved

In 2025, Hermès surpassed the 16-billion-euro revenue threshold, marking a 9% increase at constant exchange rates and a 5.5% increase at current rates, compared to 2024.

“The Hermès model based on an exclusive and qualitative network, as well as strong vertical integration, has once again proven successful. This distinctive strategy has enabled the house to achieve robust revenue growth and strong performance”, said Axel Dumas, Executive Chairman of Hermès.

In the fourth quarter alone, sales reached 4.1 billion euros, representing a 10% increase at constant exchange rates (similar to the previous quarter). This growth was driven by solid performance across all geographical areas, despite a challenging comparison basis. Double-digit growth was recorded in Europe, Japan, the Americas and the Middle East.

Full-Year Sales By Sector

At the end of December 2025, all sectors posted growth, apart from the Perfume and Beauty and Watches métiers. Against this backdrop, the Leather Goods and Saddlery sector leads the way, with a 13% year-on-year growth at constant exchange rates, driven by the desirability of the collections and the increase in production capacities (in France).

The Other Hermès sector, including Jewellery and Home, followed with year-on-year growth of 11% at constant exchange rates. This was followed by the Ready-to-Wear and Accessories sector and the Silk and Textiles sector, with respective growth of 6% and 5% year-on-year at constant exchange rates.

Conversely, in 2025, the Perfume and Beauty and Watches sectors recorded decreases of 8% and 2%, respectively, at constant exchange rates, as compared to the previous year.

Operational Performance

Hermès reported a full-year recurring operating income of 6.6 billion euros, up by 7% from 6.2 billion euros in 2024. Despite negative currency effects, recurring operating profitability improved, reaching 41% compared to 40.5%.

The group’s share of consolidated net profit, including the exceptional contribution from large French companies, was 4.5 billion euros, as compared to 4.6 billion euros in the previous year. However, adjusted for this exceptional contribution, it was 4.86 billion euros, which is an increase of 5.5% and in line with sales growth.

“In an uncertain environment, Hermès is moving into 2026 with confidence, underpinned by its creativity and exceptional savoir-faire”, concluded Dumas.

Image Credits: theimpression.com and Sofia Pádua

France Luxury Quarter Results Results Year Results