LVMH · Q1 2026 Revenue/Reported April 13, 2026

Q1 2026 Revenue Dashboard

Interactive view of organic growth, regional mix and business-group performance for the first quarter ended March 31, 2026.

Group revenue
19.1bn
Organic vs Q1 2025
+1%
Reported
-6%

Business groups

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Fashion & Leather Goods

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Fashion & Leather Goods · revenue bridge

Reported -9% · Organic -2% · FX -7%

How Q1 2025 revenue moved to Q1 2026, separated into the three drivers disclosed in the release.

Q1 2025 revenue
€10,108m
Base for the bridge
Reported -9%-861m
Q1 2026 revenue
€9,247m
Reported result
Drivers of change
Bars scaled to the largest driver
Organic growth
-2% of Q1 2025
€-202m
Structure
0% of Q1 2025
€0m
Currency (FX)
-7% of Q1 2025
€-708m

€m impacts are derived from each driver's disclosed percentage applied to the Q1 2025 base; totals may differ by a few million from the reported delta because the source discloses rounded percentages.

Fashion & Leather Goods

American and Chinese demand improving; Middle East impacted by ongoing conflict.

Organic -2%Reported -9%
Maison highlights
Louis Vuitton
  • 130th anniversary of the Monogram canvas
  • Excellent performance of Louis Vuitton The Place Seoul
  • Successful collections by Nicolas Ghesquière and Pharrell Williams
Christian Dior Couture
  • Great start for first products by Jonathan Anderson
  • Opening of Dior Bamboo Pavilion in Tokyo
  • Renewed Women@Dior & UNESCO partnership
Loro Piana
  • Nomadic Reverie collection unveiled
  • Royal Lightness®: latest expression of textile innovation and excellence
Celine
  • Good response to new bags and fashion shows by Michael Rider
Loewe
  • First shows of creative duo Jack McCollough and Lazaro Hernandez
  • New Amazona 180 bag
  • New Casa Loewe Saint-Honoré opened in Paris
Fendi
  • First collection of Maria Grazia Chiuri, a tribute to the five Fendi sisters
Givenchy
  • New bag The Snatch; highly appraised shows by Sarah Burton
RIMOWA
  • Launch of Classic Titanium and Grid luggage
Berluti
  • Iconic Shadow sneaker reinvented; new 1 Jour de Poche bag
Group-level analysis

All business groups combined

Geographic mix and period comparison across the entire LVMH group.

Geographic mix

Q1 2026 revenue share and organic growth by region — group total, across all business groups.

€19.1bn group revenue · Q1 2026
Share of Q1 2026 revenue100%
Japan · 8%France · 7%
Organic growth vs Q1 2025
United States
23%+3%
vs 24% (-1 pp)
France
7%-3%
vs 8% (-1 pp)
Europe (excl. France)
16%-3%
vs 15% (+1 pp)
Japan
8%-3%
vs 9% (-1 pp)
Asia (excl. Japan)
32%+7%
vs 30% (+2 pp)
Other markets
14%0%
vs 14% (0 pp)

Q1 2025 vs Q1 2026

Side-by-side comparison across the dimensions of the group.

Wines & Spirits: organic +5%
Fashion & Leather Goods: organic -2%
Perfumes & Cosmetics: organic 0%
Watches & Jewelry: organic +7%
Selective Retailing: organic +4%
Management outlook

Well positioned to gain market share, vigilant on macro and geopolitical uncertainties

Continued focus on icons
Emphasizing flagship lines across Maisons to reinforce desirability and pricing power.
Attention to local demand
Resilient local demand in Europe; US and Asia improving; Middle East impacted by ongoing conflict.
Agility and efficiency
Operational levers deployed to protect margins in a volatile macro and FX environment.
Selective investments
Capital deployed to high-return brand initiatives, store network and innovation.