Hermès Profits: 2025 data

Hermès Profits

In short

Hermès made a net profit of €4.52 billion in 2025 (year to 31 December 2025), slightly below €4.60 billion in 2024, its Universal Registration Document shows; excluding France’s exceptional tax on large companies it would have been €4.86 billion. Recurring operating income rose to €6.57 billion, 41.0% of revenue of €16.0 billion. In the first half of 2026 net profit was stable at €2.24 billion, the H1 results say.

Sources: Hermès 2025 Universal Registration Document, Hermès H1 2026 results press release (half-year to 30 June 2026). Analysis by The Business Engineer.

How we source: the figures in the boxes and charts on this page come from Hermès’s own annual filing, with the period stated next to each number. Data checked 8 November 2026. The original article below may quote earlier periods. Our methodology.

Key figures · 2025 (year to 31 December 2025) from the 2025 Universal Registration Document, with the first half to 30 June 2026 and revenue to 30 September 2026
Consolidated revenue, 2025€16.0B (≈ $18.1B)+5.5% vs prior year
Leather Goods & Saddlery€7.1B (≈ $8.0B)+9.5% vs prior year
Ready-to-wear and Accessories€4.5B (≈ $5.1B)+2.7% vs prior year
Other Hermès sectors€2.1B (≈ $2.3B)+7.6% vs prior year
Silk and Textiles€964M (≈ $1.1B)+1.5% vs prior year
Watches€549M (≈ $621M)-4.9% vs prior year
Recurring operating income€6.57B, 41.0% of revenue (40.5% in 2024) (≈ $7.4B)2025
Net profit before France's surtax€4.86B (+5.5%) (≈ $5.5B)2025
Net profit, H1 2026€2.24B (€2.25B in H1 2025) (≈ $2.5B)half-year to 30 Jun 2026
Source: Hermès 2025 Universal Registration Document, Hermès H1 2026 results press release (half-year to 30 June 2026). Changes calculated by FourWeekMBA from the filing. Dollar figures use the Federal Reserve's 2025 average exchange rate (1 € = $1.1306, G.5A).
Leather goods were €7.07B of Hermès' €16.0B revenue in 2025. Leather Goods & Saddlery: €7.1B; Ready-to-wear and Accessories: €4.5B; Other Hermès sectors: €2.1B; Silk and Textiles: €964M; Watches: €549M; Perfume and Beauty: €489M; Other products: €349M
Source: Hermès 2025 Universal Registration Document, Hermès H1 2026 results press release (half-year to 30 June 2026). Chart by The Business Engineer.
Hermès net profit (group share) rose from €2.4B in 2021 to €4.5B in 2025. 2021: €2.4B; 2022: €3.4B; 2023: €4.3B; 2024: €4.6B; 2025: €4.5B
Source: Hermès 2025 Universal Registration Document, Hermès H1 2026 results press release (half-year to 30 June 2026). Chart by The Business Engineer.

Hermès net profits grew from €1.4 billion in 2018 to €4.31 billion in 2023. The company also generated €1.53 billion in net profits for 2019, €1.38 billion in 2020, €2.44 billion in 2021, and €3.36 billion in 2022.

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