Hermès FY25 Profit Down 6.2% to €1.82B; Revenues Up 8.4% to €4.21B

Hermès reported first-half 2025 (FY25) net profit down 6.2% to €1.82 billion, while revenues rose 8.4% to €4.21 billion, on February 12, 2026. The mid-term revenue growth view remains unchanged at 4.5% to 6% CAGR through 2026. Earnings were pressured by higher raw material costs and inflation, partially offset by strong demand in Asia-Pacific and a slight recovery in North America. The company reiterated its guidance for full-year 2025 revenue of €4.45 billion and net profit of €1.75 billion.