Hermès International

RMS · Euronext Paris · EUR

€1,299.50−0.15%−€2.00

Close · October 2, 2026

At a glance

Revenue growth: +5.48%; 2025 vs 2024
Net income growth: −1.72%; 2025 vs 2024
Net margin: 28.3%; 2024: 30.3%

Financial data

Amounts in millions of EUR; per-share values in EUR; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total assets	24,795	24,322	21,828	23,084	20,507	20,447	18,255	17,459	15,082	13,847
Current assets	16,121	15,911	14,370	15,476	13,462	14,008	12,518	11,828	9,850	8,845
Cash and equivalents	12,310	12,239	10,321	11,642	9,478	10,625	9,349	9,225	7,293	6,696
Receivables	595	463	506	506	587	482	431	402	472	391
Inventory	2,704	2,575	2,732	2,797	2,780	2,414	2,081	1,779	1,617	1,449
Net property, plant and equipment	5,497	5,488	4,669	4,766	4,276	4,063	3,642	3,589	3,581	3,398
Goodwill	185	180	203	228	241	72.0	—	—	14.0	42.0
Other intangible assets	228	231	229	237	228	225	217	213	204	258
Long-term investments	1,462	1,408	1,271	1,265	1,396	1,323	1,160	1,149	686	649
Current liabilities	3,553	3,186	3,190	3,629	3,277	3,183	2,994	3,004	2,733	2,575
Accounts payable	717	626	659	683	798	685	699	659	536	450
Long-term debt	4.0	34.0	1.0	1.0	1.0	2.0	1.0	1.0	—	—
Total debt	2,284	2,346	2,061	—	—	—	—	—	—	—
Total liabilities	5,770	5,476	5,210	5,750	5,429	5,244	5,011	5,003	4,809	4,435
Total equity (incl. minority)	19,025	18,846	16,618	17,334	15,078	15,203	13,244	12,456	10,273	9,412
Retained earnings	2,238	4,524	2,246	4,603	2,368	4,311	2,226	3,367	1,641	2,445
Minority interest	2.0	6.0	16.0	7.0	26.0	2.0	-5.0	16.0	14.0	12.0