Hermès International
Luxury Goods and FashionFounded 1837- Updated June 2025
Reviewed by Swet Parvadiya
Last reviewed: June 2025
CorpDigest
Hermès International
Financial Performance
Last reviewed: June 2025 · By Swet Parvadiya
Revenue
$15.6B
Market Cap
$260.0B
Net Income
$4.1B
Employees
22,000
Hermès International is a Luxury Goods and Fashion company with $15.6B in 2024 revenue and 22K employees worldwide.
Revenue Trend Analysis
YoY Change
+9.9%
3-Year CAGR
+20.6%
Peak Year
2024
Trend
Consistent Growth
Hermès International has reported revenue across 4 fiscal years, compounding at +20.6% annually over 3 years. The most recent year saw a 9.9% increase versus the prior year. Revenue peaked in 2024 at $15.6B. Out of 3 reported periods, 3 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $15.6B | $4.1B | +9.9% |
| FY2023 | $14.2B | — | +22.4% |
| FY2022 | $11.6B | — | +30.3% |
| FY2021 | $8.9B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Hermès revenue climbed from €8.9 billion in 2021 to a record €15.6 billion in 2024, an increase of roughly 75% over three years. Growth was driven by scarcity-fueled demand and disciplined price increases rather than a rapid expansion of its retail footprint.
Revenue jumped 30.3% in 2022 to €11.6 billion and rose another 22.4% in 2023 to €14.2 billion. That momentum outpaced the broader luxury market, which slowed under macroeconomic pressure over the same period.
Hermès sustains an operating margin above 40%, a level that rivals the most efficient software companies and far exceeds most labor-intensive manufacturers. This profitability stems from full retail-margin capture, aggressive pricing, and a mix weighted toward high-margin leather goods.
Yes, growth moderated to 9.9% in 2024 as revenue reached its record €15.6 billion, down from the 22.4% pace of 2023. The deceleration reflected a cooling global luxury market, though ultra-high-net-worth demand kept results resilient.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Hermès International Revenue & Financials." CorpDigest, https://corpdigest.com/company/hermes/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Hermès International reported $16B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/hermes/financials" target="_blank" rel="noopener">CorpDigest — Hermès International financials</a></div>