Kering SA
Financial Performance
Kering Revenue & Financials
Revenue
~$16.6B (FY2025)
Market Cap
$27.4B
Net Income
~$81.4M
Employees
43,731
What is Kering's revenue?
Kering had ~$16.6B in revenue for fiscal year 2025, down 13% from 2024. Net income was ~$81.4M.
- Latest revenue
- ~$16.6B (FY2025)
- Year-over-year
- -13%
- Growth rate (CAGR)
- 1.9% over 9 years
- Peak revenue
- ~$23B (FY2022)
- Years of data
- 10
- Employees
- 43,731
- How much profit does Kering make?
- Kering reported net income of ~$81.4M for fiscal year 2025. stockanalysis.com
- How many employees does Kering have?
- Kering has about 43,731 employees.
Financial Analysis
Kering's numbers tell a story of rapid growth followed by a sharp correction. Revenue rose to ~$23 billion (EUR 20.351 billion) in 2022, then fell to ~$22.1 billion (EUR 19.566 billion) in 2023, ~$19.1 billion (EUR 16.874 billion) in 2024 and ~$16.6 billion (EUR 14.675 billion) in 2025. Net income attributable to the group dropped from ~$4.08 billion (EUR 3.614 billion) in 2022 to ~$81.4 million (EUR 72 million) in 2025. Gucci drove most of the decline: its 2025 revenue was ~$6.77 billion (EUR 5.992 billion), down 22% as reported. The balance sheet was repaired in 2026. The ~$4.52 billion (EUR 4 billion) cash sale of Kering Beaute to L'Oreal closed on March 31, 2026, and the Milan property transaction brought ~$824 million (EUR 729 million) at closing, so net debt fell from ~$9.04 billion (EUR 8.0 billion) at end-2025 to ~$3.73 billion (EUR 3.3 billion) on June 30, 2026. H1 2026 revenue was ~$8.16 billion (EUR 7.22 billion) (down 3% reported, up 1% comparable), recurring operating income was ~$1.04 billion (EUR 921 million) (12.8% margin, up 40 basis points), and net income attributable to the group was ~$214 million (EUR 189 million). Gucci's H1 2026 revenue was ~$3.12 billion (EUR 2.757 billion), down 5% on a comparable basis, with Q2 improving to down 2%. Kering is a major French luxury goods multinational, holding a strong market valuation of roughly $50 billion.
Revenue Trend Analysis
YoY Change
-13%
9-Year CAGR
+1.9%
Peak Year
2022
Trend
Volatile
Kering SA has 10 full fiscal year figures on this page, compounding at +1.9% annually over 9 years. The most recent year saw a 13% decline versus the prior year. Annual revenue peaked in fiscal year 2022 at ~$23B. Of 9 comparable year-over-year steps, 4 showed growth and 5 showed a decline.
Annual revenue history
Click any row to see year details.
Keep researching Kering
Kering Revenue and Financial FAQ
What is Kering's annual revenue scale and recent financial performance?
Kering SA reported revenue of ~$16.6 billion (€14.7 billion) for fiscal year 2025, down from ~$19.1 billion (€16.9 billion) in fiscal 2024.
What is Kering's recurring operating income and operating margin profile?
Kering historically achieved recurring operating margins between 20% and 28%, driven by exceptional gross margins in luxury leather goods. Operating profitability varies across cycles depending on creative transitions at Gucci and ongoing strategic reinvestments in brand elevation.
How is Kering's revenue distributed geographically across global markets?
Kering's sales are geographically diversified: Asia-Pacific (including Greater China) accounts for approximately 35% to 40% of revenue, North America generates 23% to 27%, Western Europe contributes 25% to 30%, and Japan and the rest of the world make up the remaining share.
What is the breakdown of Kering's revenue by product category?
Leather goods represent the largest product category at over 50% of group revenue, followed by footwear (15-18%), ready-to-wear apparel (15%), fine jewelry and watches (10%), and eyewear and beauty generating the rapidly expanding balance.
What is Kering's free cash flow generation and capital expenditure budget?
Kering generates between ~$2.26 billion (€2 billion) and ~$3.95 billion (€3.5 billion) in annual operating free cash flow, investing ~$1.13 billion (€1 billion) to ~$1.69 billion (€1.5 billion) annually in prime retail store renovations, flagship real estate acquisitions on luxury shopping thoroughfares, and digital supply chain automation.
How does Kering manage its capital structure, debt levels, and credit rating?
Kering maintains an investment-grade credit rating with conservative leverage, utilizing long-term euro-denominated bonds and commercial paper facilities to finance strategic acquisitions (such as Creed and prime real estate) while maintaining strong liquidity reserves.
What is Kering's dividend policy and track record of shareholder returns?
Kering maintains an attractive and consistent dividend payout policy, typically distributing 40% to 50% of consolidated recurring net income to shareholders annually, complemented by tactical share buyback programs to optimize return on equity.
Why did Kering invest heavily in prime luxury retail real estate assets?
Kering invested billions of euros acquiring landmark real estate assets on Fifth Avenue in New York, Via Monte Napoleone in Milan, and Rue du Faubourg Saint-Honoré in Paris to secure generational retail locations for its houses, hedge against escalating commercial rents, and preserve long-term asset value.
Is Kering financially stable?
Yes, but they face a massive internal imbalance. Because Kering relies so incredibly heavily on Gucci, their financials are highly volatile. When Gucci is "hot" (like under designer Alessandro Michele), Kering prints massive billions. When Gucci cools off (specifically struggling to sell handbags to the Chinese middle class), Kering's entire corporate valuation takes a massive hit.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Kering Revenue & Financials." CorpDigest, https://corpdigest.com/company/kering/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>Kering reported ~$16.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/kering/financials" target="_blank" rel="noopener">CorpDigest — Kering financials</a></div>Related Financial Audits
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