Hermès reported solid financial results for the first half of 2025, showing strong sales momentum across all regions and business sectors.
The French luxury group recorded revenue of €8 billion, an 8% increase at constant exchange rates compared to the same period last year. Recurring operating income rose 6% to €3.3 billion, representing 41.4% of sales.
In the second quarter alone, sales hit €3.9 billion, reflecting a 9% jump at constant exchange rates. Hermès credited this boost to strong demand in all global markets.
“These solid first-half results across all regions reflect the strength of the Hermès model. I would like to thank all our customers for their trust and all our employees for their commitment. We will continue to invest and recruit to ensure the group’s sustained success.”
Axel Dumas, Executive Chairman, Hermès
Every global region showed growth by the end of June. Asia excluding Japan grew 3% in the second quarter, helped by loyal local customers and newly renovated stores in Macao, Taiwan and Thailand. Japan continued its strong run with 16% growth thanks to a loyal client base.
In the Americas, revenue increased by 12%, led by double-digit growth in the US. Europe excluding France grew 13%, while France itself posted a 9% rise. The Middle East and other regions grew by 17%.
Leather Goods and Saddlery, Hermès’ core segment, grew 12% due to increased production and continued demand worldwide.
Despite currency challenges, Hermès posted recurring operating income of €3.3 billion. Net profit dropped slightly to €2.2 billion due to a one-time French tax. Excluding that, profit stood at €2.5 billion, a 6% increase.
In the first six months of 2025, Hermès created over 500 new jobs, including 300 in France. The company now employs 25,700 people worldwide. A €4,500 bonus was paid to all staff in February to share the success.
source – Hermès Group
