LVMH closed 2025 with revenue of €80.8 billion, showing resilience even in a tough global economic and political climate.
The luxury group saw organic growth return in the second half of the year. Fourth quarter organic growth stood at 1%, matching the third quarter.
Profit from recurring operations reached €17.8 billion with an operating margin of 22%. Group share of net profit came in at €10.9 billion.
Fashion and Leather Goods remained the backbone of LVMH in 2025, even as the luxury market faced pressure from currency swings and slower tourist demand.
The division recorded revenue of €37.77 billion in 2025. This marked a decline from 2024 but trends improved clearly in the second half of the year as local customer demand stayed solid.
Profit from recurring operations stood at €13.21 billion. This was down 13% year on year, mainly due to unfavorable currency movements. Despite this, the operating margin remained very strong at 35%, one of the highest across the luxury industry.
The slowdown was largely linked to 2024 being an unusually strong year, especially in Japan where tourist spending surged due to a weaker yen. In 2025, demand normalized, but local customers continued to support core brands.
Despite revenue pressure, Fashion and Leather Goods proved its resilience by protecting margins, sustaining demand from local customers and reinforcing brand desirability across markets.
As LVMH looks to 2026, Fashion and Leather Goods is expected to remain the group’s most critical growth engine, balancing creativity, craftsmanship and long-term brand strength in an uncertain global environment.
Beyond business, LVMH reinforced its economic role with over 211,000 employees worldwide and more than 40,000 jobs in France. The group paid €5.5 billion in corporate tax in 2025, around half in France, making it the country’s largest corporate tax contributor.
