LVMH reported revenue of €18.3 billion in the third quarter of the 2025 financial year, marking a 1% year-on-year increase compared to the same period in 2024.

Over the first nine months of 2025, the group’s total revenue reached €58.1 billion, showing a 4% decline on a reported basis and a 2% drop organically compared to the same period last year.

Europe and the United States maintained stable performances thanks to strong local demand. Japan’s figures fell year-on-year after last year’s tourism-driven growth fueled by a weaker yen. Meanwhile, the rest of Asia showed notable improvement from 2024 levels.

The company’s Fashion & Leather Goods segment, however, continued to face challenges. While most other divisions reported growth, this segment posted its fifth straight quarter of decline.

For the nine months leading up to September, revenue fell by 8% and organic revenue slipped by 6%, totaling €27.6 billion compared to 2024.

In the third quarter alone, organic revenue decreased by 2% year-on-year to €8.5 billion. Although the pace of decline has eased slightly, the segment remains under pressure.