Companies

Hermès grows in the first nine months of 2026

Oct 27, 2026 France

The France-based luxury group has recorded a 6% year-on-year increase in revenue at constant exchange rates in the first nine months of the year. All regions contributed to this growth except the Middle East

“Despite a complex environment, Hermès continues its profitable growth and maintains its course. Convinced of the strength and relevance of our artisanal model, we see our vision as firmly rooted in the long term, and we look to the future with confidence”, commented Axel Dumas, Executive Chairman of Hermès.

In the first nine months of the 2026 financial year, the luxury group recorded a revenue of 12.3 billion euros. This represents a 6% increase at constant exchange rates and a 3% increase at current exchange rates compared to the same period in 2025.

Third-quarter sales alone totalled 4.1 billion euros, which is in line with second-quarter sales and represents an increase of 4% at constant exchange rates and 6% at current exchange rates. Despite the deteriorating macroeconomic and geopolitical context, all regions recorded growth, except for the Middle East.

Geographical Areas

By the end of September, the Americas region was leading with 13% growth at constant exchange rates. This was followed by Japan with 11% growth and Europe (excluding France) with 9% growth, compared to the first nine months of 2025.

During these nine months, Asia excluding Japan grew by 2%, supported by strong performance in Korea. Meanwhile, Greater China remained stable amid a challenging economic context. France also recorded growth of 2%, driven by strong performance in seaside stores and loyal local customers.

In contrast, the Other area, which mainly covers the Middle East, experienced a 4% year-on-year decline at constant exchange rates, showing “solid resilience in a geopolitical context that remains complex”.

Sectors

Compared to the first nine months of 2025, the Leather Goods and Saddlery sector saw the greatest growth for Hermès, with sales increasing by 10% at constant exchange rates. This was followed by the Silk and Textiles sector, which saw sales increase by 7%, and the Other Hermès sectors, including Jewellery and Home, which saw sales increase by 3%.

At the same time, the Ready-to-Wear and Accessories sector recorded more modest year-on-year growth of 1% in the nine-month period at constant exchange rates.

Meanwhile, the Perfume and Beauty sector declined by 1% at constant exchange rates during the period, compared to the first nine months of last year, despite an improved performance in the third quarter. The Watches sector fell by 2%, making it the weakest performer alongside perfume and beauty. This occurred despite continued efforts to strengthen production capacity and expand product offerings.

Image credits: hypebeast.com

France Companies Hermès Luxury Quarter Results Results