Hermès International stock holds steady on strong 2025 results

Hermès International stock is supported by 2025 revenue of EUR 15.2 billion and recurring operating income of EUR 6.2 billion, with sales up 15.7% at constant exchange rates and recurring operating margin at 40.5%.

2025 margin stayed above 40%

Hermès International reported 2025 revenue of EUR 15.2 billion, up 15.7% at constant exchange rates, while recurring operating income reached EUR 6.2 billion and recurring operating margin held at 40.5%.

Net profit attributable to the group came to EUR 4.6 billion in 2025, giving investors a second hard anchor after the revenue line and showing how profitable the business remains at scale.

Revenue outpaced profit growth

The comparison is straightforward: 2025 revenue rose 15.7% at constant exchange rates, while net profit attributable to the group increased to EUR 4.6 billion and recurring operating income reached EUR 6.2 billion. That mix matters because it shows growth and profitability advancing together, rather than one offsetting the other.

Hermès also said the 2025 results were supported by continued momentum across regions and métiers, which keeps the brand positioned as one of the most profitable names in European luxury.

Leather goods still lead

Leather goods remain the key profit engine for Hermès, and the latest annual figures show why that category matters most to the investment case. The company’s 2025 margin at 40.5% indicates that the mix remains skewed toward high-end products with strong pricing power.

That is the central number for the stock: a 40.5% recurring operating margin gives Hermès more room than most luxury peers to absorb cost pressure while keeping earnings high.

Operating scale keeps expanding

At EUR 15.2 billion of revenue in 2025, Hermès is operating at a size that still leaves room for selective growth, especially when recurring operating income already stands at EUR 6.2 billion. The spread between those two figures is the market’s clearest clue about quality.

Net profit attributable to the group of EUR 4.6 billion adds a third dated reference point and confirms that the 2025 year was not just about top-line expansion. It was also about turning sales into cash-generating earnings at a very high rate.

Stock trading view

Hermès International stock is quoted on Euronext Paris under the ticker RMS, and the shares are part of the CAC 40 index. The company’s 2025 figures remain the main reference point for the stock until the next reporting update resets expectations.