LVMH posts $44b H1 revenue as Asia growth strengthens


Louis Vuitton, Dior, and Sephora boost momentum

LVMH Moët Hennessy Louis Vuitton reported $44.2b (€38.6b) in revenue for the first half of 2026, with the luxury group citing strong growth in Asia, excluding Japan, and accelerating momentum in the second quarter despite geopolitical and economic challenges.

The group said second-quarter organic revenue grew 3%, or 4% excluding the impact of the conflict in the Middle East. It added that it maintained its innovative momentum in what it described as a disrupted geopolitical and economic environment.

Asia, excluding Japan, posted strong growth during the first half, confirming the improvement in trends first seen in the second half of 2025. Japan also recorded growth for the six-month period, whilst Europe remained resilient. In the United States, growth accelerated, resulting in what the company described as a good first half.

LVMH posted recurring operating profit of $10b (€8.7b) for the period, with an operating margin of 22.5%. Group share of net profit remained stable year on year at $6.5b (€5.7b).

Chairman and CEO Bernard Arnault said the group's second-quarter growth was driven by Jonathan Anderson's first designs for Christian Dior, the performance of Louis Vuitton's new stores in Beijing and Seoul, and demand for Tiffany and Bvlgari's iconic collections.

“LVMH demonstrated its solidity and effective strategy,” he said. ”Our Maisons – which remained focused on ensuring the utmost quality in our products, and several of which are pursuing their creative renewal – continued to inspire dreams and enhance their desirability.”

He added that growth at Sephora and the recovery in champagne and cognac also contributed to the group's performance.

Arnault said LVMH is entering the second half of 2026 with renewed confidence in the long-term potential of its brands and teams, whilst continuing to focus on maintaining margins.