LVMH closed 2025 with revenue of €80.8 billion, down 5% reported and 1% organic, the group’s first annual decline since the pandemic year. Free cash flow climbed 8% to €11.3 billion even as net profit fell 13% to €10.9 billion. This brief covers the full-year 2025 numbers, segment and regional splits, brand and workforce data, and the early Q1 2026 recovery signals.
LVMH Statistics 2026 – TL;DR
- Group revenue reached €80.8 billion in 2025, a 5% reported decline and 1% organic dip.
- Q4 2025 returned to organic growth of 1%, with revenue of €22.7 billion beating consensus.
- Fashion & Leather Goods stayed at a 35% operating margin and generated €13.2 billion in profit.
- Asia excluding Japan rebounded to 7% organic growth in Q1 2026.
- LVMH’s €80.8 billion accounted for roughly 22.6% of the €358 billion global personal luxury market.
The LVMH statistics published in January 2026 show a luxury group recalibrating margin, geography and brand mix after three years of post-pandemic expansion. The numbers cover 75 maisons, 6,280 stores and 215,000 employees worldwide. For broader category context, Quantumrun’s 2026 outlook tracks how Southeast Asia and India are becoming the next major luxury beauty markets.
LVMH 2025 Headline Financial Statistics
LVMH posted revenue of €80.8 billion in 2025, compared with €84.68 billion in 2024. Currency fluctuations cut reported revenue by 3 percentage points. Q4 organic growth of 1% confirmed the stabilisation that began in H2, and Q4 revenue of €22.7 billion beat the LSEG analyst consensus of €22.2 billion.
| Metric | 2025 Figure | YoY Change |
|---|---|---|
| Group revenue | €80.8 billion | -5% reported, -1% organic |
| Profit from recurring operations | €17.8 billion | -9% |
| Net profit attributable to the group | €10.9 billion | -13% |
| Operating margin | 22.0% | down from 23.1% |
| Free cash flow | €11.3 billion | +8% |
| Net debt | €6.9 billion | down from €9.2 billion |
| Dividend per share | €13.00 | unchanged |
Source: LVMH 2025 Annual Results
Revenue And Profit Trajectory
Despite the profit decline, cash discipline lifted free cash flow 8% to €11.3 billion and cut net debt by €2.3 billion. The dividend was held at €13 per share for a second straight year. LVMH’s diversification across 75 maisons remains the main insulator against single-category shocks, a point reinforced in long-range retail forecasts tracking the parent group’s trajectory.
LVMH Statistics By Business Segment In 2025
Fashion & Leather Goods kept its 35% operating margin and produced €13.2 billion of recurring operating profit, even as reported revenue fell 8%. Selective Retailing was the standout, with Sephora opening roughly 100 new stores during the year and lifting divisional profit by 28% to €1.8 billion. Wines & Spirits was the weakest segment, with cognac demand in the US and China hit by trade tensions.
| Business Group | 2025 Revenue | Organic Growth | Recurring Operating Profit |
|---|---|---|---|
| Fashion & Leather Goods | €37.8 billion | -5% | €13.2 billion |
| Selective Retailing | €18.3 billion | +4% | €1.8 billion |
| Watches & Jewelry | ~€10.5 billion | slight organic gain | broadly stable |
| Perfumes & Cosmetics | ~€8.1 billion | -1% | slight decline |
| Wines & Spirits | ~€5.4 billion | mid-single-digit decline | sharply down |
Source: LVMH, Reuters, The Fashion Law
Revenue By Segment (€ Billion)
H1 2025 figures support the full-year trends. Fashion & Leather Goods revenue fell 8% to €19.1 billion, Wines & Spirits dropped 8% to €2.6 billion, and Selective Retailing grew 2% to €8.6 billion. The 2024 Wines & Spirits baseline of around €5.9 billion contracted further into 2025. The shift in beauty and cosmetics ties into structural trends covered by Quantumrun on premium beauty’s pivot toward Asia-Pacific.
LVMH Geographic Revenue Statistics In 2025
The United States, Europe and Asia excluding Japan each accounted for 26% of revenue in 2025. Japan represented 8% and other markets 14%. The US generated approximately €20.6 billion. Asia excluding Japan shifted from a 6% Q1 decline to 2% growth in both Q3 and Q4.
| Region | Share of 2025 Revenue | Direction Through The Year |
|---|---|---|
| United States | 26% (~€21 billion) | growth, +1 pp vs 2024 |
| Europe | 26% | growth, +1 pp vs 2024 |
| Asia (excluding Japan) | 26% | -2 pp; recovered to +2% organic in Q3 and Q4 |
| Japan | 8% | declined vs 2024’s yen-driven peak |
| Other markets | 14% | mixed |
Source: LVMH, Statista
2025 Revenue Mix By Region
Asia-Pacific including Japan represents 34% of group sales, confirming the region’s centrality despite the year of softness. The pattern of recovery aligns with consumer behaviour forecasts pointing to mainland China’s normalisation through late 2025 and into 2026.
LVMH Brand Portfolio And Workforce Statistics For 2026
LVMH operated 6,280 stores at the close of 2025, down marginally from the all-time high of 6,307 in 2024. The contraction was driven by selective DFS rationalisation. The group employed 215,000 people worldwide at year-end 2025.
| Operational Metric | 2025 Figure |
|---|---|
| Number of maisons (brands) | 75 |
| Total stores worldwide | 6,280 |
| Employees worldwide | 215,000 |
| Apprentices trained by Institut des Métiers d’Excellence since 2014 | 3,800+ |
| Women in key positions | 50% (vs 23% in 2007) |
| Stock close on results day (27 Jan 2026) | €588 (+0.22%) |
Source: LVMH, Wikipedia
The Institut des Métiers d’Excellence has trained more than 3,800 apprentices across six countries since its 2014 launch. Brand value remains concentrated in the flagship. Louis Vuitton held a brand value of $129.9 billion in 2024, ranking it the world’s most valuable luxury brand by a wide margin over Hermès at $93.7 billion.
Top Luxury Brands By Brand Value (USD Billion)
The group’s operational evolution lines up with structural retail forecasts described in Quantumrun’s retail predictions hub, particularly around AI-driven inventory and personalisation in flagship stores.
LVMH Statistics Against Global Consumer Luxury Spending In 2025
Personal luxury goods sales hit €358 billion globally in 2025, a 2% decline at current exchange rates and effectively flat at constant rates. LVMH’s €80.8 billion in 2025 group revenue represents roughly 22.6% of the personal luxury goods market.
| Global Market Indicator | 2025 Value |
|---|---|
| Total luxury spending worldwide | €1.44 trillion |
| Personal luxury goods market | €358 billion (vs €364 billion in 2024) |
| Active luxury consumer base | 330 million (down from 400 million in 2022) |
| Conversion rate of potential luxury buyers | 40-45% (down from 60% in 2022) |
| Share of luxury sales from HNWIs | 46% (up from 30% in 2019) |
| Top 0.1% client spend per year on personal luxury | ~€360,000 |
Source: Bain & Company Luxury Goods Worldwide Market Study
Luxury Consumer Base (Million Buyers)
The global luxury shopper base contracted to 330 million in 2025 from 400 million in 2022, with new customer acquisition falling 5% year-on-year. High-net-worth individuals now generate 46% of global luxury sales, up from 30% in 2019. This buyer concentration matches the patterns identified in Retail 2030 analysis that anticipated aspirational buyers stepping back while ultra-high spenders drive an outsized share of category value.
LVMH Q1 2026 Statistics: Early Recovery Signals
Q1 2026 delivered the strongest geographic divergence at LVMH in five quarters. Asia excluding Japan grew 7% organically, lifted by mainland China and Southeast Asia. Europe and Japan both contracted 3%.
| Q1 2026 Indicator | Value |
|---|---|
| Currency headwind on reported revenue | -7% |
| Asia (excl. Japan) organic growth | +7% |
| United States organic growth | +3% |
| Europe organic growth | -3% |
| Japan organic growth | -3% |
| Asia (excl. Japan) share of revenue | 32% (up from 30%) |
Source: LVMH Q1 2026 Revenue Release
Q1 2026 Organic Growth By Region
The Asia ex-Japan revenue share rose to 32% in Q1 2026 from 30% a year earlier. Currency remained the dominant external pressure, with a 7% headwind from the euro’s strength against the US dollar and the yen, among the largest forex impacts in recent LVMH quarters.
The pattern across 2025 and into Q1 2026 sets a clear direction for the rest of 2026: lower currency tailwinds, gradual Asian recovery, ongoing margin defence, and Selective Retailing continuing to outperform Fashion & Leather Goods on growth. With Bernard Arnault now empowered by shareholders to lead until 2034, and Bain projecting 4-6% annual luxury growth over the next decade, LVMH enters its 40th year as the benchmark against which every other luxury group is measured. The structural shifts feeding this outlook are mapped in Quantumrun’s luxury sector forecast.
FAQs
What was LVMH’s revenue in 2025?
LVMH reported group revenue of €80.8 billion in 2025, a 5% reported decline and 1% organic dip from €84.68 billion in 2024. Q4 returned to organic growth of 1%, with quarterly revenue of €22.7 billion beating analyst consensus.
Which LVMH segment grew fastest in 2025?
Selective Retailing led with 4% organic growth and €18.3 billion in revenue. Sephora opened around 100 new stores during the year and lifted divisional profit 28% to €1.8 billion, outperforming the rest of the group.
How many stores and employees does LVMH have?
LVMH operated 6,280 stores worldwide at the end of 2025, down slightly from 6,307 in 2024. The group employed 215,000 people across its 75 maisons globally.
What share of the global luxury market does LVMH hold?
LVMH’s €80.8 billion in 2025 revenue equates to roughly 22.6% of the €358 billion global personal luxury goods market measured by Bain & Company, making it the largest single player in the category by a wide margin.
How did LVMH perform in Asia in Q1 2026?
Asia excluding Japan grew 7% organically in Q1 2026, lifted by mainland China and Southeast Asia. The region’s share of group revenue rose to 32% from 30% a year earlier, while Japan contracted 3% organically.
Sources
https://www.lvmh.com/en/investors https://www.bain.com/insights/ https://www.statista.com/ https://www.reuters.com/
With many years of professional experience within transnational corporations in different industries, Richard Jaimes has had the opportunity to lead people and organizations, investigate future topics, create strategies and innovations, consult senior management and translate insights into business advantages. Richard is also a long time senior consultant with Quantumrun Foresight.
