Hermès
Luxury goods · France
Hermès is a family-controlled French luxury house that makes leather bags such as the Birkin and Kelly, silk scarves, ready-to-wear and other objects largely in its own French workshops and sells them mainly through its own network of 294 exclusive stores.
What makes it different
It sells almost everything through stores it runs itself.
>92%Revenue from Hermès-run branchesFY2025
Owning distribution lets it limit supply and protect prices.
How big it is
How big is Hermès?
€16.0BRevenueFY2025
€6.57BRecurring operating incomeFY2025
294Exclusive storesFY2025
How it makes money FY2025
Mostly leather bags.
- Leather Goods & Saddlery44%€7.07B
- Ready-to-wear & Accessories28%€4.53B
- Jewellery, home13%€2.06B
- Silk & Textiles6%€0.964B
- Other9%
How the business works
Made by hand. Sold by itself.
- 1By hand in French workshops
- 2Supply to protect quality
- 3Its own exclusive stores
Family control lets it put craft before volume.
Who owns it
CEO: Axel Dumas
Who it competes with
Key moments
- 1837Thierry Hermès opens a harness workshop
- 1880Move to 24 Faubourg Saint-Honoré with a store
- 1937First silk scarf
- 1978Jean-Louis Dumas takes over; watches begin
- 1984Birkin bag created
Sources
Every number on this page comes from Hermès's own reports.
Full profile
The rest of the story is in the app.
What Hermès tracks20 metrics
Exclusive stores
Leather goods workshops in France
Share manufactured in in-house and exclusive workshops
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from6 regions
Asia-Pacific (excl. Japan)
Americas
Europe (excl. France)
The full timeline20 moments
2018
2020
2026
Hermès vs LVMHside by side
Revenue
Profit
People
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