Companies

Hermès posts solid first-half performance

Jul 31, 2026 France

The France-based luxury group posted a solid performance in the first half of the year, with sales growing across all markets except the Middle East

“In the first half of 2026, Hermès delivered a solid performance, which reflects the strong desirability of its 16 métiers and the trust of its clients. Convinced by the strength of our unique artisanal model and in control of our key balances, we look to the second semester with confidence”, said Axel Dumas, Executive Chairman of Hermès.

First-Half Results

In the first half of the 2026 fiscal year, the group’s consolidated revenue reached 8.2 billion euros, increasing by 6% at constant exchange rates and 2% at current exchange rates compared to the same period of the last fiscal year.

Sales totalled 4.1 billion in the second quarter alone, marking a slight acceleration from the first quarter and up by 7% year-on-year at constant exchange rates. This was particularly notable in France, Japan and the Middle East.

On a comparable basis to the first half of 2025 sales at constant exchange rates grew by 2% in Asia (excluding Japan), by 11% in Japan, by 15% in the Americas, by 9% in Europe (excluding France), and by 2% in France. The Other area, which mainly comprises the Middle East, recorded a 4% decrease in sales, “demonstrating remarkable resilience in an unstable geopolitical environment”.

At the end of June, sales in the Leather Goods and Saddlery, Ready-to-Wear and Accessories, and Silk and Textiles sectors increased by 10%, 2% and 10% at constant exchange rates, respectively, compared to the same period in 2025. There was a visible acceleration in the second quarter.

The Other sector posted more subdued growth of 5%, while the Watches sector, which was stable in the first half of the year, posted solid growth in the second quarter. The Perfume and Beauty sector remains in the red, with sales decreasing by 4% year-on-year in the first half.

In the first half of the current year, Hermès reported a recurring operating income of 3.4 billion euros, compared to 3.3 billion euros in the same period a year ago. Despite the negative impact of currency fluctuations, recurring operating profitability reached 41.0%, compared to 41.4% at the end of June 2025.

The luxury group added that consolidated net profit remained stable at 2.2 billion euros.

Image Credits: hermes.com

France Companies Hermès Luxury Quarter Results Results