LVMH H1 2026 Revenue Falls 3% to 38.6 Billion Euros, Net Profit Flat at 5.7 Billion, Weighs Sale of Non-Core

LVMH released its first-half 2026 results on July 27, reporting revenue of 38.6 billion euros, down 3% year-on-year, and net profit of 5.7 billion euros, unchanged from the same period last year. In the first quarter of 2026, revenue was 19.121 billion euros, a decline of 6% year-on-year. For the full fiscal year 2025, group revenue fell 5% to 80.8 billion euros, while net profit dropped 13% to 10.9 billion euros.

The group is advancing a business restructuring. In January this year, China Tourism Group Duty Free announced it would acquire equity and assets related to DFS's travel retail business in Greater China for $395 million in cash. LVMH confirmed during its earnings call that it had reached an agreement with China Tourism Group Duty Free to sell its DFS Greater China interests. Additionally, the group has transferred its duty-free concessions at Los Angeles and San Francisco airports, as well as DFS's operations in Okinawa. Over the past two years, Louis Vuitton has closed stores including the Shanghai Qiantan Taikoo Li chocolate shop, the Beijing Capital Airport store, the Kunming Jingge Department Store Time store, and the Chengdu Tianfu International Airport store.

According to LVMH's financial report, the Asia (excluding Japan) region, which includes China, achieved 6% growth in the first half, with a 7% increase in the first quarter and a 4% rise in the second quarter.