)
LVMH (MC) investor relations material
LVMH Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for 2025 reached €80.8 billion, doubling over the past decade, with organic growth slightly negative for the year but positive in H2, showing resilience amid global economic and geopolitical disruptions.
Operating margin stood at 22%, well above the 20-year average, with profit from recurring operations at €17.8 billion, down 9% mainly due to currency impacts.
Free cash flow rose 8% to €11.3 billion, reflecting strong cost control and disciplined capital allocation.
Net profit group share was €10.9 billion, down 13% year-over-year, mainly due to negative currency effects and higher taxes.
Major economic and social contributions included over 211,000 employees and €5.5 billion in corporate tax paid.
Financial highlights
Revenue declined 5% reported, 1% organic, with Q4 organic growth of +1%; gross margin fell to €53.5 billion.
Operating profit dropped 9%, with most of the decline attributed to currency headwinds; net profit group share down 13%.
Operating expenses fell 4%, with G&A down 5% and marketing expenses reduced.
Net debt decreased to €6.9 billion, below 10% of sales, and net debt to equity ratio was 9.9% at year-end.
Dividend proposed at €13 per share, stable year-over-year.
Outlook and guidance
Confidence for 2026 remains high despite ongoing macroeconomic and geopolitical uncertainties.
Focus on expanding global leadership, innovation, and operational efficiency, with continued commitment to environmental protection and corporate social responsibility.
Currency and tariff headwinds are expected to persist into 2026, with the full impact of tariffs to be felt next year.
Next LVMH earnings date
Next LVMH earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Luxury Powerhouse
Moët Hennessy Louis Vuitton SE is a French luxury conglomerate spearheaded by the legendary entrepreneur Bernard Arnault. The conglomerate owns and operates over 60 brands in fashion, jewelry, wines & spirits, and other luxury sectors. The company is headquartered in Paris, France, and is traded on Euronext Paris. A list of brands owned by LVMH includes names such as Louis Vuitton, Hennessy, Fendi, Moët, and many more.
Bernard Arnault and the Founding of LVMH
LVMH Moët Hennessy Louis Vuitton emerged in 1987 from the merger of two big names in the luxury sector: fashion house Louis Vuitton and drinks producer Moët Hennessy.
The merger process was facilitated by Bernard Arnault, who acquired a share in the textile group that owned Christian Dior during the 1980s. His vision was clear: unifying powerful luxury brands under one umbrella while preserving their identities and legacies. The merger of Louis Vuitton and Moët Hennessy, which was finalized in 1987, was a strategic move facilitated by Arnault who went on to become chairman and CEO in 1989. Under Arnault's leadership, LVMH not only solidified its position in the luxury market but also diversified its portfolio through acquisitions of reputable brands within the industry.
Further reading: Inside LVMH: The Arnault Family and the Empire's Next Generation
LVMH Moët Hennessy Louis Vuitton operates across six distinct market segments, a testament to the company’s reach within the luxury industry.
Fashion & Leather Goods: This segment houses some of the world's most iconic fashion brands which primarily produce clothing, handbags, and leather accessories.
Selective Retailing: LVMH has a presence in high-end retail through department stores and duty-free shops, primarily in Paris
Perfumes & Cosmetics: LVMH offers a range of premium fragrances, skincare, and makeup products through its brands.
Watches & Jewelry: The company owns several high-end luxury watch brands, as well as companies focusing on other types of jewelry.
Wines & Spirits: LVMH has a broad portfolio of high-end wine and spirit brands, and sells a wide array of various types of champagne, cognac, and other alcoholic beverages.
Other Activities: The broadest of all the different market segments the company is active in. Other Activities include yachting, hotels, amusement parks, and other things.
A Behemoth of the Industry
LVMH can truly be considered a behemoth of the luxury industry. Apart from the companies we’ve already mentioned, LVMH also owns names such as Dom Pérignon, TAG Heuer, Bulgari, Kenzo, Sephora, and many, many more. Some of the closest peers to LVMH would be Kering and Richemont.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage