LVMH Moët Hennessy Louis Vuitton, FR0000121014

LVMH Moët Hennessy Louis Vuitton stock reports 2 percent organic growth in H1

Published on 09/25/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LVMH stock traded at EUR 397.50 on September 25, 2026, 39.3 percent below its 52-week high. Reported H1 revenue fell 3 percent.

Top-down flatlay of champagne cork, leather gloves, dress watch, perfume bottle and gold chain on black velvet — LVMH FR0000121014 Flatlay auf schwarzem Samt mit Champagnerkorken Lederhandschuhen Uhr Parfum und Goldkette, Illustration mit AI erstellt.

LVMH Moët Hennessy Louis Vuitton stock (ISIN FR0000121014) was trading at EUR 397.50 on Euronext Paris on September 25, 2026, at 12:39 p.m. CEST. First-half 2026 revenue reached EUR 38.6 billion, with organic growth of 2 percent despite a 3 percent reported decline, according to Yahoo Finance.

Organic growth offsets currency drag

The first-half comparison shows why the headline revenue decline does not fully describe LVMH's operating trend. Organic growth was 2 percent in H1 2026, while the second quarter accelerated to 3 percent organically, according to Yahoo Finance.

Profit from recurring operations stood at EUR 8.7 billion in the first half. The reported figures therefore point to currency and perimeter pressure, while the organic data show a modest improvement in underlying demand.

Analyst targets reset lower

Jefferies maintained a Neutral rating on September 22, 2026, but cut its LVMH target from EUR 510 to EUR 440, as MarketScreener reported. That revision places the target EUR 42.50 above the September 25 intraday price, or 10.7 percent higher.

Bernstein also lowered its target from EUR 570 to EUR 520, citing pressure in Fashion and Leather Goods and a pause in China's recovery, according to Investing.com on September 15, 2026. The two target cuts contrast with the 3 percent organic acceleration in the second quarter.

Stock sits below yearly high

At EUR 397.50, LVMH's market capitalization was EUR 196,006,942,733 on September 25, 2026. The intraday range was EUR 396.60 to EUR 401.80, while the 52-week range stood at EUR 396.35 to EUR 654.70, leaving the stock 39.3 percent below its yearly high.

Price holds at EUR 397.50

LVMH stock was trading at EUR 397.50 on Euronext Paris on September 25, 2026, at 12:39 p.m. CEST, up EUR 0.40 or 0.10 percent from the prior close. The market is weighing a small organic improvement against currency pressure and lower analyst targets.