LVMH Group's revenue exceeded 80.8 billion euros last year, with net profit down 13%! Q4 Asian demand rebounded stronger than expected

Glonghui, January 28｜The world’s largest luxury goods group LVMH announced its Q4 2025 results, with total revenue down 5.1% year-on-year to 22.72 billion euros, slightly above analysts’ expectations of 22.59 billion euros; organic revenue grew 1% year-on-year, maintaining the same growth rate as Q3 and outperforming the market’s expected slight decline of 0.42%. For the full year 2025, LVMH’s total revenue was approximately 80.81 billion euros, down 4.6% year-on-year, in line with market expectations; recurring operating profit fell 9% year-on-year to about 17.8 billion euros, and net profit dropped 13% year-on-year to about 10.9 billion euros. By region, in Q4, organic revenue in Asia (excluding Japan) grew 1%, while analysts had expected a 2.1% decline, with local demand rebounding stronger than market expectations, especially with positive signals in China; organic revenue in Japan and Europe fell by 5% and 2% respectively, while organic revenue in the US grew 1%. By business segment, Q4 organic revenue from fashion and leather goods declined 3%, and full-year total revenue dropped about 8% year-on-year to 37.77 billion euros, slightly below analysts’ expectations of 37.79 billion euros. Slowing demand, tariffs, and customs issues hit the wine and spirits business, with Q4 organic revenue down 9% and full-year revenue at about 5.36 billion euros, with recurring operating profit plunging about 25%. Q4 organic revenue from watches and jewelry grew 8%, far exceeding expectations, with full-year revenue at 10.49 billion euros, driven by flagship and high-end collections from brands such as Tiffany and Bvlgari.