LVMH Group Moët Hennessy Louis Vuitton reported revenue of $44.2 billion (38.6 billion euros) in the first half of 2026, citing strong growth in Asia (excluding Japan) and stronger momentum in the second quarter despite geopolitical and economic challenges.
The group said second-quarter organic revenue increased 3%, or 4% if the impact of the conflict in the Middle East is not taken into account. The group also said it has maintained innovation momentum amid a volatile geopolitical and economic landscape.
The Asia region, excluding Japan, recorded strong growth in the first half of the year, confirming the trend improvement first seen in the second half of 2025. Japan also recorded growth in the six-month period, while Europe remained stable. In the United States, growth accelerated, leading to what the company described as a strong first half of the year.
LVMH recorded a regular operating profit of $10 billion (8.7 billion euros) in the period, with an operating margin of 22.5%. The group’s share of net profit remained stable compared to the previous year at $6.5 billion (5.7 billion euros).
Chairman and CEO Bernard Arnault said the group’s growth in the second quarter 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 iconic collections from Tiffany and Bvlgari.
He said: “LVMH has proven its solidity and effective strategy. Our brands – which are focused on ensuring the highest quality of their products, and some of which are pursuing creative innovation – continue to inspire and enhance their appeal.”
He added that Sephora’s growth and the recovery of the champagne and cognac industry also contributed to the group’s performance.
Mr. Arnault said LVMH is entering the second half of 2026 with strengthened confidence in the long-term potential of its brands and employees, while continuing to focus on maintaining profit margins.
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