Hermès continues its luxury run: sales up 10% in the third quarter driven by China

The French giant closes the first nine months of 2025 with revenue of €11.9 billion. Axel Dumas: “The strength and loyalty of our customers allow us to face global uncertainties.”

Hermès continues its rise in the world of luxury. In the third quarter of 2025, the French maison reported sales of €3.9 billion, up 10% at constant exchange rates, in line with analysts’ expectations. This result marks a slight improvement over the previous quarter, with growth spread across Europe, the Americas, and especially Asia.

Consolidated revenue for the first nine months of the year reached €11.9 billion, an increase of 9% at constant exchange rates and 6% at current exchange rates compared to the same period in 2024.

In particular, the Asian region—excluding Japan—remains the engine of growth, driven by the recovery in demand in Greater China. Hermès emphasizes that its strategy focused on value, local customer loyalty, and the qualitative expansion of its boutique network continues to bear fruit.

Despite currency fluctuations having a negative impact of €254 million on revenue, the fashion house maintains a confident outlook. In the medium term, the group confirms its goal of ambitious revenue growth at constant exchange rates, even in an economic and geopolitical context that remains uncertain.