Hermès International Reports Q1 2026 Revenue Growth Amid Geopolitical Challenges

Hermès International announced a 6% increase in its first-quarter revenue for 2026 at constant exchange rates, totaling €4.1 billion. However, currency fluctuations negatively affected revenue by €290 million, resulting in a slight decline of 1% at current exchange rates. Growth was driven by strong performances in the Americas, Japan, and parts of Europe, excluding France.

The Leather Goods and Saddlery sector saw a 9% increase, buoyed by successful new product lines. Japan and the Americas demonstrated robust growth, with Japan up by 10% and the Americas by 17%. Conversely, geopolitical tensions led to a 6% decline in markets such as the Middle East.

CEO Axel Dumas emphasized Hermès' dedication to long-term strategies and quality. Geographical disparities were notable, with France experiencing a 3% dip due to reduced tourist activity. Hermès plans continued investments in sustainable practices and local production expansions in France.