REG-LVMH: Continued growth in the third quarter of 2026
Key Highlights
- ➤LVMH nine-month revenue €57.1 billion, organic growth 2%
- ➤Fashion & Leather Goods Q3 organic revenue fell 5% amid China slowdown
- ➤Watches & Jewelry nine-month organic revenue grew 8%, led by jewelry
- ➤Selective Retailing nine-month organic revenue grew 6%, with Sephora gaining share
- ➤Wines & Spirits nine-month organic revenue grew 5%; Q3 growth reached 6%
LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of €57.1 billion in the first nine months of 2026. Organic revenue growth came to 2%. Backed by its diverse range of businesses, LVMH remained very solid in an uncertain geopolitical and economic environment, and maintained its innovative momentum. In the third quarter, organic revenue growth reflected the impact on business activity of a less buoyant environment in China, while the United States, Europe and Japan saw good growth.
In millions of eurosFirst 9 months 2025First 9 months 2026Change First 9 months 2026/2025 Reported Organic*Change Q3 2026/ Q3 2025 Organic* Wines & Spirits3 9174 027+3%+5%+6% Fashion & Leather Goods27 61126 391-4%-2%-5% Perfumes & Cosmetics6 0405 922-2%0%+1% Watches & Jewelry7 4097 725+4%+8%+6% Selective Retailing12 61312 476-1%+6%+8% Other activities and eliminations500607--- Total LVMH58 09057 148-2%+2%+1%
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