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Group Revenue by Year, 2023–2025

Market data

Group Revenue by Year, 2023–2025.

Reported revenue across the major luxury houses, 2023–2025

Data as of 30 Jul 2026·last reviewed 11 Aug 2026

Group Revenue by Year

Colour scaled per row — darkest is each group's strongest year (2023–2025)

Worldwide
Group202320242025Latest reportedMarket share ’25
LVMH86.284.780.838.6H1 202615.8%
Kering19.616.914.77.2H1 20264.1%
Richemont20.621.422.4—6.3%
Chanel18.217.317.1—4.8%
Hermès13.415.216.08.2H1 20264.5%
Estée Lauder Companies14.714.513.4—3.7%
Bain/Altagamma total personal luxury goods market362.0364.0358.0——
Lowest yearHighest year· € billion

Share of market is each group's personal luxury goods revenue ÷ the Bain/Altagamma 2025 market total (€358bn). LVMH is counted on its personal-luxury divisions only (€56.4bn of €80.8bn group revenue); Wines & Spirits and Selective Retailing fall outside Bain's definition. Every other group in the table is wholly within it. Richemont's 2025 figure is the financial year to 31 March 2026 (€22.4bn) — the best proxy for calendar 2025, since nine of its twelve months fall within it. Kering 2024 (€16.874bn) is restated on a continuing-operations basis after the Kering Beauté disposal, so 2024→2025 reads −13% as the company reports it. Chanel and Estée Lauder report in US dollars. Converted at ECB annual average rates: 2023 — $1.0813/€; 2024 — $1.0824/€; 2025 — $1.13/€. Because the 2023 and 2024 averages are almost identical, Chanel's decline reads the same in both currencies: −5.1% in dollars, −5.2% in euros. Estée Lauder closes 30 June, so it is converted at the average over its financial year, not the calendar rate.

Source: Company annual reports and filings; market total from Bain & Company / Fondazione Altagamma, Luxury Goods Worldwide Market Study.

Reading the data

01 What's shown

Reported revenue for the major luxury houses, 2023–2025, with each group's 2025 share of the personal-luxury market.

02 What it shows

LVMH dwarfs the field on a like-for-like basis too — €56.4bn of personal-luxury revenue against Richemont's €22.4bn — but it is sliding, from €86bn to €81bn at group level. Hermès and Richemont are the only two that have grown in every year shown. Of the houses reporting into 2026, Hermès is growing and LVMH is not; Richemont's most recent full year is its financial year to March 2026, already in the 2025 column.

03 How to read it

  • Market share is each group's personal luxury goods revenue ÷ the Bain/Altagamma 2025 market total (€358bn). LVMH is on its personal-luxury divisions only (€56.4bn), not €80.8bn group revenue; every other group is wholly within Bain's definition. The Bain row is the market itself, not a company.
  • Richemont's 2025 column is the financial year to 31 March 2026 (€22.4bn), used across all dashboards as the best proxy for calendar 2025. Estée Lauder closes 30 June; the other four are calendar 2025.
  • Kering 2024 (€16.9bn) is the restated continuing-operations base after the Kering Beauté disposal.
  • Chanel and Estée Lauder report in US dollars. Converted at ECB annual average rates: 2023 — $1.0813/€; 2024 — $1.0824/€; 2025 — $1.13/€. Estée Lauder closes 30 June, so it is converted at the average over its financial year, not the calendar rate.

04 Sources

Primary
  • Company annual reports and filings, 2023–2026.
Research & press
  • Bain & Company / Fondazione Altagamma — market total for the share column.

05 Method

  • The market-share column is derived by us (LVMH on personal-luxury divisions).

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