LVMH reported revenue of €38.6 billion in the first half of 2026, with the company returning to stronger momentum during Q2 despite ongoing geopolitical and economic uncertainty.
The Group recorded 2% organic revenue growth during the first half of the year, accelerating to 3% organic growth in Q2. According to LVMH, growth was supported by strong demand in the United States, improving trends across Asia excluding Japan and resilient performance in Europe.
Profit from recurring operations reached €8.7 billion, maintaining an operating margin of 22.5%, while Group share of net profit remained stable YoY at €5.7 billion.
For the Fashion & Leather Goods division, revenue declined 5% on a reported basis to €18.1 billion from €19.1 billion in the first half of 2025. However, organic revenue declined by only 1%, with the division returning to 1% organic growth in Q2, marking an improvement in performance.
LVMH reported recurring operating profit of €8.69 billion in the first half of 2026, down 4% from €9.01 billion a year earlier. Its Fashion & Leather Goods division generated €6.20 billion in recurring operating profit, a 7% decline compared to €6.64 billion in H1 2025.
LVMH attributed the recovery to accelerating demand in the United States and strong performances across several of its luxury brands.
Louis Vuitton also celebrated the 130th anniversary of its Monogram, introducing the new Monogram Emblème collection while continuing to expand its retail network with flagship stores in Beijing and Seoul both of which delivered strong results.
Christian Dior also recorded accelerating growth following the launch of Jonathan Anderson’s first designs for the Maison, with the new Cigale handbag receiving a positive market response.
Loro Piana continued its strong performance with the launch of its Nomadic Reverie collection and expanded its leather goods portfolio with the Extra Softy Bag.
Across the division, creative transitions continued at several luxury houses, including Celine, Loewe, Givenchy, and Fendi, while Rimowa reported strong growth and Berluti also delivered a positive start to the year.
“LVMH demonstrated its solidity and effective strategy. Our Maisons continued to inspire dreams and enhance their desirability.”
Bernard Arnault, Chairman and CEO of LVMH
Looking ahead, LVMH said it remains confident despite continued geopolitical and economic uncertainty and will continue focusing on strengthening the desirability of its brands through product quality, creativity and retail excellence.
