Luxury appeal, immersive experiences drive LVMH’s market resilience

Growth in Asia also rebounded in the second half of 2025.

Luxury group LVMH Moët Hennessy Louis Vuitton reported $95.46b (€80.8b) in revenue in 2025.

The group said the results reflected resilience amidst a disrupted geopolitical and economic environment, with Asia returning to growth in the second half of the year, whilst Europe declined and Japan fell compared to 2024, which had been boosted by tourist spending driven by a weaker yen. The United States saw growth supported by solid local demand.

Profit from recurring operations totaled $21.02b (€17.8b), representing a 22% operating margin, influenced by currency fluctuations.

The group share of net profit reached $12.87b (€10.9b), whilst operating free cash flow increased 8% to $13.35b (€11.3b).

Chairman and CEO Bernard Arnault said that LVMH’s results were underpinned by the desirability of its brands and the customer engagement driven by innovative stores and cultural experiences, including The Louis in Shanghai, new House of Dior stores, and Tiffany & Co. locations in Milan and Tokyo.

Major initiatives, such as participation at the Osaka World Expo and the first year of a ten-year Formula 1 partnership, further reinforced the Group’s global presence.

Arnault noted that in 2026, continued uncertainty will make LVMH’s ability to inspire customers, maintain cost discipline, and pursue environmental and social commitments a critical advantage, supporting its long-term leadership in the luxury goods market.