French luxury group Hermes reported €8.2 billion in consolidated revenue for the first half of 2026, representing a 6% increase at constant exchange rates and 2% growth at current exchange rates compared with the same period last year. The company also posted a slight increase in recurring operating income to €3.4 billion, maintaining an operating margin of 41.0%.
Net profit attributable to the group remained stable at €2.2 billion, while operating cash flow increased 16% to €2.7 billion. Hermès ended June with a net cash position of €12.9 billion, compared with €12.8 billion at the end of 2025.
The Leather Goods and Saddlery division, Hermes largest business accounting for about 46% of total business, recorded €3.76 billion in revenue and 10% sales growth during the first half of the year, with momentum accelerating in the second quarter.
The company attributed the performance to sustained demand for its collections across all regions, highlighting the successful launch of new models including the Cliquetis, Kelly Hobo and Double Longe bags.
To support future demand, Hermès opened its 25th leather goods workshop in Loupes (Gironde), France, in April. The company also confirmed plans to open 3 additional leather goods workshops in Charleville-Mézières in 2027, Colombelles in 2028 and Les Andelys by 2030.
Regionally, the Americas recorded the strongest performance with 15% growth, followed by Japan at 11% and Europe excluding France at 9%. Asia excluding Japan grew 2%, supported by continued demand in Greater China and South Korea.
Commenting on the results, Axel Dumas, Executive Chairman of Hermes, said the company’s performance reflected the continued desirability of its products and the strength of its artisanal business model.
“In the first half of 2026, Hermès delivered a solid performance, which reflects the strong desirability of its 16 metiers and the trust of its clients. Convinced by the strength of our unique artisanal model and in control of our key balances, we look to the second semester with confidence,” he said.
The luxury house increased its global workforce by more than 600 employees during the first six months of 2026, including 300 new hires in France, bringing total employment to 27,107 people.
Looking ahead, Hermès reaffirmed its ambition to achieve long-term revenue growth despite ongoing economic and geopolitical uncertainties citing the resilience of its integrated artisanal model, creative collections and loyal customer base.
