LVMH reported resilient full-year 2025 results despite a volatile global economic and geopolitical backdrop. Revenue reached €80.8 billion, with organic growth returning in the second half of the year, while profit from recurring operations totaled €17.8 billion, corresponding to a 22% operating margin. Group share of net profit came in at €10.9 billion and operating free cash flow rose 8% year on year to €11.3 billion, supported by disciplined cost management and strong cash generation.

Performance varied by region and business line. The United States recorded growth on solid local demand, Europe weakened in the second half, Japan declined after an exceptional 2024, and Asia showed improving trends with a return to growth later in the year. Selective Retailing, driven by Sephora, delivered particularly strong results, while Fashion & Leather Goods remained highly profitable despite lower reported revenue. Wines & Spirits were pressured by weaker cognac demand, and Watches & Jewelry achieved organic growth led by iconic collections.

LVMH highlighted continued progress under its LIFE 360 environmental program, a significant global economic and social footprint, and confidence for 2026, emphasizing brand desirability, innovation, and vigilance on costs. The Group will propose a dividend of €13 per share for 2025 at the April 2026 shareholders’ meeting.