LVMH Q2 2026 Revenue Reaches 19.52 Billion Euros, Up 3% Year-on-Year; H1 Revenue 38.64 Billion Euros, Up 2%
LVMH reported second-quarter 2026 revenue of 19.52 billion euros, up 3% year-on-year, and first-half revenue of 38.64 billion euros, up 2%. Growth was driven by the United States, Japan, and other Asian markets. The Middle East conflict continued to weigh on luxury companies, with both LVMH and Kering noting persistent negative effects. In Asia excluding Japan, LVMH sales rose 4% year-on-year but sequential growth slowed, which the CFO attributed to tourism recovery as Asian tourists shifted spending to Europe and Japan.
The ongoing Middle East conflict continues to affect luxury companies' performance. Several luxury groups recently released their second-quarter financial reports. Both LVMH and Kering stated that the negative effects of the Middle East conflict are still persisting.
LVMH achieved revenue of 19.52 billion euros in the second quarter of 2026, up 3% year-on-year (excluding currency effects, the same below); first-half revenue was 38.64 billion euros, up 2% year-on-year. The group's revenue growth was mainly driven by markets in the United States, Japan, and other Asian regions.
In Asian markets excluding Japan, LVMH sales grew 4% year-on-year, but sequential growth slowed. The group's chief financial officer pointed out during the earnings call that this was due to the recovery of tourism, with Asian tourists shifting consumption to Europe and Japan, boosting the performance of those two markets.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Luxury Goods, with intensity 30/100 and 80% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.