LVMH posts €57.1 billion in revenue as organic growth hits 2%

LVMH recorded revenue of €57.1 billion in the first nine months of 2026, representing organic revenue growth of 2%. Changes in scope reduced revenue by 1% and currency fluctuations had a negative 3% impact over the period. In the third quarter of 2026, scope changes had a negative 2% impact while exchange rates added 2%.

Organic performance in the third quarter reflected a less buoyant consumer environment in China, though the group reported good growth across the United States, Europe and Japan. The Fashion & Leather Goods division benefited from US demand but felt the slowdown in Chinese demand during the quarter. Within the division, Marc Jacobs was sold to WHP Global on September 1.

Across business segments during the nine-month period, Watches & Jewelry led expansion with 8% organic revenue growth, supported by jewelry demand at Tiffany & Co. and Bulgari. Selective Retailing advanced 6% organically, lifted by market share gains at Sephora, which expanded into Belgium and Croatia, alongside revenue gains at Le Bon Marché.

Wines & Spirits delivered 5% organic revenue growth over the nine months, aided by champagne recovery in Europe and momentum for Hennessy cognac in Asia. Perfumes & Cosmetics revenue remained stable on an organic basis amid a selective retail distribution strategy.