)

LVMH (MC) investor relations material
LVMH Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q3 2025 showed improved trends across all business groups, with 1% organic revenue growth, driven by solid local demand and creative renewals, despite a challenging macroeconomic environment and negative currency impacts.
Revenue for the first nine months of 2025 reached €58.1 billion, down 2% organic and 4% reported year-over-year, with a negative 2% currency impact.
Regional revenue mix for 9M 2025: Europe 26%, U.S. 25%, Asia 27%, Japan 8%, other markets 14%.
Tourist spending in Europe declined in Q3 due to currency fluctuations, while local demand remained resilient in key markets.
Financial highlights
Q3 2025 organic revenue grew 1% year-over-year, but reported revenue declined 4% due to a negative 5% currency impact.
Nine-month 2025 revenue totaled €58.1 billion, down from €60.8 billion in 2024.
Segment Q3 2025 organic growth: Wines & Spirits +1%, Fashion & Leather Goods -2%, Perfumes & Cosmetics +2%, Watches & Jewelry +2%, Selective Retailing +7%.
Negative currency effects impacted all business groups, with a 2% hit for nine months and 5% in Q3.
Champagne and Wines up 3% organic, Cognac and Spirits down 12% organic for nine months.
Outlook and guidance
Q4 2025 expected to be tougher due to a challenging comp base, especially in Asia, Europe, and U.S.; Japan will have easier comps.
Management remains confident but cautious, focusing on brand desirability, creative renewal, and selective investment amid ongoing macro and geopolitical volatility.
First half of next year expected to benefit from easier comps and creative renewal initiatives.
Next LVMH earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, 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