Luxury Figures

Hermès Sees Sharp Rise in 2025 With €16 Billion in Revenue

By Eva Morletto12 février 2026

On Thursday morning, French leather goods and saddlery manufacturer Hermès published its 2025 annual results, which exceeded expectations, confirming the resilience of its model in a more uncertain luxury market. At the same time, the group is continuing to recruit, invest in craftsmanship, and plans moderate price increases in 2026.

In the fourth quarter, revenue grew by 9.8%, well above forecasts of +8.24%. All geographic regions contributed to this growth. Above, men fall winter 2026-2027 collection (Hermès)

Hermès has just announced its 2025 annual results, and once again the figures exceed financial analysts' forecasts, contrasting with those of other luxury groups facing a more pronounced slowdown, particularly in China. Total sales amounted to €16 billion, up 9% at constant exchange rates (+5.5% in published data), confirming the company's solidity in the face of a still uncertain global economic environment.

The luxury group Hermès announced a 1.72% decline in net profit in 2025, to €4.5 billion. Without the exceptional contribution, “which represents €330 million in 2025,” net profit would have increased by 5.5% compared to 2024, Hermès CEO Axel Dumas said during a press conference.
In the fourth quarter, revenue grew by 9.8%, well above forecasts of +8.24%. All geographic regions contributed to this growth. For the year 2025, all regions are showing double-digit growth (Europe +11%, America +12%, Japan +14%, Middle East +15%).

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For the year as a whole, results by business segment show the central role played by leather goods and saddlery, the brand's historic core business. This activity, which includes the iconic Birkin and Kelly bags as well as travel items, grew by 14.6% in the fourth quarter (against an expected 12.6%) and remains the main driver of growth. Other activities such as ready-to-wear, accessories, silk and Hermès Maison products also posted solid performances over the year, confirming the success of the diversification strategy.

After a difficult first half, Watchmaking (-2%) grew in the second half and offers good prospects for 2026. This growth was accompanied by an increase in the workforce: more than 1,300 new employees were recruited in 2025, including nearly 800 in France, bringing the total number of employees to 26,494 (including 16,349 in France).

In line with its social policy, Hermès also announced a monthly increase of €120 for all employees in France, as well as a one-off bonus of €3,000 per employee paid in March 2026 to reward performance over the past year.

The group is also continuing to invest in training in artisanal skills, with the opening of two new “Hermès Schools of Craftsmanship” in France, bringing the number of centers dedicated to passing on unique artisanal techniques to twelve.

For 2026, the French company is planning more moderate price increases (around 5-6%) to keep up with demand without slowing it down. Despite a sometimes unstable macroeconomic environment, Hermès has an enviable financial position, a solid order book, and a strategy focused on excellence and exclusivity that should enable it to stay on course in the medium and long term. Ultra-luxury continues to be the winning segment in the world of premium brands.

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