Companies

LVMH posts resilient performance in 2025

Jan 28, 2026 France

Despite mixed regional performances and a slowdown in fashion and leather goods sales, the France-based luxury conglomerate has ended the year 2025 in a resilient position

LVMH reported an annual revenue of 80.8 billion euros in 2025, reflecting a 1% decrease on an organic basis and a 5% decrease on a reported basis as compared to the previous year. In the fourth quarter alone, organic revenue growth remained at 1%, in line with the previous quarter.

The luxury conglomerate acknowledged a “disrupted geopolitical and economic environment”, with mixed regional results. While Europe declined in the second half of the year, the US grew thanks to strong domestic demand. Japan’s results were worse than in 2024, when they were boosted by tourist spending driven by a weaker yen. In contrast, the rest of Asia improved on 2024 levels, returning to growth in the second half of the year.

Although the company highlighted solid local demand for fashion and leather goods in 2025, the figures show that this business segment ended the year with a slowdown. In the fourth quarter, this division’s revenue declined by 3% to 10.2 billion euros on an organic basis, marking a deceleration compared with the third quarter, when sales declined by 2%.

Ultimately, the Fashion & Leather Goods division’s full-year sales amounted to 37.8 billion euros, representing an 8% year-on-year decline on a reported basis and a 5% year-on-year decline on an organic basis.

The group’s full year recurring operating profit was 17.8 billion euros, as compared to 19.6 billion euros in 2024, reflecting the impact of currency fluctuations. Group net profit totalled 10.9 billion euros, dropping year-on-year from 12.5 billion euros. Meanwhile, operating free cash flow increased by 8% to 11.3 billion euros.

Vogue Business quoted Bernard Arnault, chairman and CEO of LVMH, as saying, “The group’s earnings are solid in a fairly difficult environment, disrupted and unsettled on both the economic and geopolitical fronts. However, we have managed to get through this period. 2026 will not be very easy either, but one thing at a time”.

Image Credits: fashiongonerogue.com

France Fashion Luxury LVMH Quarter Results Results Year Results