Hermès Reports First Half Revenue of €8.16 Billion in 2026
French luxury retailer Hermès reported first-half revenue for 2026 at €8.16 billion, a 2% increase compared to the same period last year when adjusted for current exchange rates. At constant exchange rates, growth was stronger at 6%, though currency fluctuations reduced revenue by over €360 million. Recurring operating income rose slightly to €3.35 billion from €3.32 billion in H1 2025. The second quarter saw a faster pace of growth with revenue rising 7% at constant exchange rates, driven primarily by France, Japan and the Middle East. Regional performance varied: The Americas grew 15%, followed by Japan (11%) and Europe excluding France (9%). Asia outside Japan rose 2%. Leather goods and saddlery along with silk and textiles each saw a 10% increase in sales. Hermès also expanded its global presence, opening new stores in Hanoi, Beijing's Sanlitun district, Nagoya, and London. The company reiterated its medium-term growth objectives despite ongoing economic uncertainties.
Topics: Hermès luxury retail revenue growth