Hermès International revenue and financials
€1,258.00Change from previous close: −1.87%Absolute change: −€24.00
In the fiscal year ended December 2025, Hermès International reported revenue of €16B (+5.48% year over year). Net income was €4.52B, a net margin of 28.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
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.
| Item | Q2 2026 | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 | Q4 2022 | Q2 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,699 | 3,044 | 2,330 | 2,895 | 2,244 | 2,222 | 2,106 | 2,444 | 1,740 | 1,853 |
| Depreciation and amortization | 371 | 355 | 393 | 289 | 371 | 255 | 322 | 245 | 287 | 216 |
| Capital expenditure | -289 | -454 | -316 | -748 | -319 | -329 | -249 | -224 | -190 | -189 |
| Investing cash flow | -469 | -892 | -384 | -569 | -626 | -662 | -333 | -372 | -207 | -452 |
| Financing cash flow | -2,257 | -199 | -2,937 | -247 | -2,799 | -277 | -1,517 | -138 | -1,099 | -112 |
| Dividends paid | -1,915 | -1.0 | -1,704 | — | -2,641 | — | -1,376 | — | -845 | — |
| Share repurchases | -160 | -2.0 | -6.0 | -37.0 | — | -134 | — | -3.0 | -120 | — |
| Debt issued | — | -1.0 | 9.0 | — | — | — | — | — | — | — |
| Debt repaid | -173 | -165 | -176 | -156 | -150 | -141 | -137 | -133 | -128 | -110 |
| Effect of exchange rates | 98.0 | -33.0 | -331 | 86.0 | 33.0 | 15.0 | -153 | 8.0 | 151 | 78.0 |
| Net change in cash | 71.0 | 1,920 | -1,323 | 2,165 | -1,148 | 1,299 | 103 | 1,943 | 585 | 1,369 |
| Free cash flow | 2,410 | 2,590 | 2,014 | 2,147 | 1,925 | 1,893 | 1,857 | 2,220 | 1,550 | 1,664 |
| Levered free cash flow | 2,512 | 2,403 | 1,637 | 2,105 | 1,580 | 1,708 | 1,357 | 1,767 | 1,325 | 1,542 |