Hermès bucks luxury downturn trend with Q3 sales up 10%
French luxury leather goods and ready-to-wear brand Hermès has continued its “solid sales growth” in the third quarter of 2025, rising 10% year-on-year “at constant exchange rates” to €3.9 billion (£3.39 billion), in a bright spark for the faltering luxury sector.
That signified “a slight improvement” compared to the second quarter, particularly in Europe, the Americas and Asia.
At the end of September 2025, all geographical areas posted growth, and the brand’s exclusive distribution network continued to expand.
Axel Dumas, Executive Chairman of Hermès, said: “In the third quarter, Hermès is maintaining its course, thanks to solid growth that reflects the strength of our model. We remain focused on navigating uncertainties, thanks to the loyalty of our customers and the commitment of our employees.”
Sales of leather goods and saddlery “achieved a remarkable performance”, rising 13% and in line with the trajectory for the year, “supported by the strong demand on iconic products and new collections”.
The ready-to-wear and accessories sector also “continued its momentum” with a 6% acceleration in the third quarter, while the silk and textiles sector grew by 4% supported by “bold creations, exceptional materials and the diversity of formats”.
However, perfume and beauty saw a downturn of 5% “impacted by a high comparison base”, and sales of watches were down by 3% “in a still challenging environment”.
The Hermès Group has confirmed its ambitious goal for revenue growth (at constant exchange rates) in the medium term, despite the economic, geopolitical and monetary uncertainties around the world.
She will present her first collection for the French house in January 2027, taking over from Véronique Nichanian, who is stepping down after 37 years at the helm.
