Second-quarter sales reached €4.1 billion, rising 6.7% at constant exchange rates, marking a slight acceleration from the first quarter.
All geographical regions recorded growth at constant exchange rates except the Middle East. The Americas led performance with 15.3% growth, followed by Japan (+11.0%) and Europe excluding France (+8.8%). Asia-Pacific excluding Japan increased 2.4%, while France grew 1.8%. The Middle East declined 4.2% amid an unstable geopolitical environment.
By business line, Leather Goods and Saddlery was the strongest performer, growing 9.8% at constant exchange rates, supported by continued demand and expanded production capacity. Silk and Textiles also rose 9.7%, while Other Hermès sectors, including jewellery and homeware, increased 5.4%. Ready-to-wear and Accessories grew 2.0%, while Watches were broadly stable (+0.2%).
Recurring operating income increased slightly to €3.4 billion, with recurring operating profitability reaching 41.0% of sales. Adjusted free cash flow rose 18% to €2.2 billion.
Executive Chairman Axel Dumas said: “In the first half of 2026, Hermès delivered a solid performance, which reflects the strong desirability of its 16 métiers and the trust of its clients. Convinced by the strength of our unique artisanal model and in control of our key balances, we look to the second semester with confidence.” Hermès also reaffirmed its medium-term ambition for revenue growth at constant exchange rates despite ongoing economic, geopolitical and monetary uncertainties.
Hermès reopens Kaohsiung flagship
Separately, Hermès has announced the reopening of its renovated and expanded store at Hanshin mall in Kaohsiung, Taiwan. Originally opened in 1996, the two-storey boutique features a dedicated leather goods area framed by carved wood walls and forms part of the house’s continued investment in showcasing its leather collections. Designed by Paris-based architecture agency RDAI, the space draws inspiration from Kaohsiung’s harbour and architectural heritage, blending fine craftsmanship, bespoke furnishings and natural materials to reflect Hermès’ artisanal identity.
