Artisanal model remains ‘strong and relevant’, Hermès says
High-end leathergoods group Hermès has reported revenues of just under €12.3 billion for the first nine months of 2026. This represents growth of 2.9% compared to the same period last year.
The company’s revenues increased by 5.6% in Europe, reaching just over €3 billion.
Asia contributed more than double this amount, with revenues of €6.4 billion. This was up by only 0.2% year on year; a small fall in revenues in Japan was offset by a small rise in the rest of Asia.
In the Americas, Hermès achieved revenues of nearly €2.4 billion, up by 13.1% year on year.
In the troubled Middle East market, however, there was a fall of 7.1%, with revenues between January and September 2026 dipping to €479 million.
There was growth in sales for the company’s leathergoods and saddlery division, with revenues reaching nearly €5.7 billion, an increase of 7.5%.
Ready-to-wear and accessories, the category in which the company includes shoes, gloves and belts, brought in €3.3 billion, down by 2.1% year on year.
On releasing the latest figures, Hermès said it remained “convinced of the strength and relevance of our artisanal model”.
Executive chairman, Axel Dumas, commented: “Our vision [is] firmly rooted in the long term, and we look to the future with confidence.”
