Quick summary
- Richemont sales rose 11 percent at constant exchange rates for the year ended March 2026, reaching EUR 22.4 billion.
- Jewellery Maisons led the performance, while Specialist Watchmakers were broadly stable at constant exchange rates after a better second half.
- Profit from continuing operations rose 27 percent to EUR 3.5 billion, with growth across every region.
Richemont ended its 2025/26 financial year with sales of EUR 22.4 billion, up 11 percent at constant exchange rates and 5 percent at actual rates.
The Geneva group’s results underline a familiar split in high-end luxury right now, with Cartier and Van Cleef & Arpels delivering the strongest momentum while the watch division navigated a more cautious market.
Jewellery did the heavy lifting
Richemont’s Jewellery Maisons generated EUR 16.5 billion in sales, rising 14 percent at constant exchange rates and 8 percent at actual rates.
That performance matters because jewellery has become the group’s clearest growth engine, with demand proving more resilient than the broader watch category across several key markets.
Profit from continuing operations reached EUR 3.5 billion, a 27 percent increase, giving Richemont a notably stronger bottom line despite currency pressure.
Watchmaking held steady in a difficult market
Sales from Richemont’s Specialist Watchmakers came in at EUR 3.1 billion, down 4 percent at actual exchange rates but slightly positive at constant exchange rates.
That’s not explosive growth, but it looks respectable against a watch market that has been uneven and price-sensitive, with Swiss watch exports down 1.7 percent in 2025 to CHF 25.5 billion.
Richemont pointed to an improved second half for its watch business, with A. Lange & Söhne, Jaeger-LeCoultre and Vacheron Constantin standing out among the group’s high-end maisons.
The portfolio has also changed, as Richemont sold Baume & Mercier to Damiani Group earlier in 2026, further sharpening its exposure to higher-positioned watchmaking.
The Americas led regional growth
Every region posted full-year sales growth, with the Americas delivering the strongest performance at 17 percent growth at constant exchange rates and 8 percent at actual rates.
The Middle East and Africa followed with 13 percent constant-currency growth, while Europe rose 9 percent at constant rates and 7 percent at actual rates.
Asia-Pacific was more subdued at actual exchange rates, rising 1 percent, but constant-currency sales increased 8 percent, with slight growth in China, Hong Kong and Macau on that basis.
Richemont 2025/26 financial highlights
| Metric | Result |
|---|---|
| Total sales | EUR 22.4 billion |
| Sales growth | +11 percent at constant exchange rates, +5 percent at actual rates |
| Profit from continuing operations | EUR 3.5 billion, up 27 percent |
| Fourth-quarter sales growth | +13 percent at constant exchange rates |
| Jewellery Maisons sales | EUR 16.5 billion, up 14 percent at constant rates |
| Specialist Watchmakers sales | EUR 3.1 billion, slightly up at constant rates and down 4 percent at actual rates |
| Retail channel growth | +12 percent |
| Online sales growth | +8 percent |
| Wholesale and royalty income growth | +9 percent |
Sales channels were positive across the board, led by retail at 12 percent growth, followed by wholesale and royalty income at 9 percent and online sales at 8 percent.
For watch collectors, the key takeaway is that Richemont’s most prestigious watch houses appear better insulated than the broader category, while jewellery continues to give the group a powerful cushion when watch demand softens.
FAQ
How much revenue did Richemont make in the 2025/26 financial year?
Richemont recorded EUR 22.4 billion in sales for the year ended March 2026.
How did Richemont’s watch division perform?
The Specialist Watchmakers division generated EUR 3.1 billion in sales, slightly up at constant exchange rates but down 4 percent at actual exchange rates.
Which Richemont businesses drove growth?
The Jewellery Maisons, including Cartier and Van Cleef & Arpels, were the main growth drivers with EUR 16.5 billion in sales.
Did Richemont grow in all regions?
Yes, Richemont posted full-year sales growth across all regions, with the Americas leading on a constant-currency basis.
What happened to Baume & Mercier?
Richemont sold Baume & Mercier to Damiani Group earlier in 2026.
