Today, Hermès released its financial report of the third quarter of 2025. It continued its steady growth trajectory in the third quarter of 2025, with sales rising 10% at constant exchange rates to reach €3.9 billion. The performance marked a slight improvement over the previous quarter, buoyed by solid demand across Europe, the Americas, and Asia.
For the first nine months of 2025, consolidated revenue totaled €11.9 billion, up 9% at constant exchange rates and 6% at current exchange rates year-on-year.
Axel Dumas, Executive Chairman of Hermès, commented, “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.”
All regions recorded positive growth by the end of September. In Asia excluding Japan (+4%) with €5.1 billion, momentum was supported by robust performance in Greater China and a series of store renovations and expansions, including locations in Bangkok, Taiwan, Macao, and Seoul . Japan (+15%) maintained strong local demand, while the Americas (+13%) saw acceleration led by the U.S., with new stores opening in Scottsdale and Nashville and the reopening of the expanded Molière store in Mexico City.
Europe excluding France (+12%) posted solid gains across all markets, with France (+9%) also benefiting from steady store traffic. The region highlighted Hermès’ craftsmanship through the Hermès in the Making traveling event in Istanbul. The “Other” region, mainly covering the Middle East, continued to perform strongly, up 15%.
In contrast, the Perfume and Beauty segment declined 5% with €367 million, reflecting a high comparison base following last year’s successful launch of Barénia. The category was refreshed this year with two new Eaux de Parfum Intenses: Terre d’Hermès and a new edition of Barénia.
It is worth noting that since the beginning of 2025, Hermès’ Perfume and Beauty division has recorded a downward trend each quarter, with declines of 0.1% and 8% in the first and second quarters, respectively.
