Hermes stock holds near record levels as luxury demand supports margins
Published on 07/19/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hermès International S.A. (ISIN FR0000052292) reported continued double digit growth in 2024, with Hermes stock trading close to its record levels on Euronext Paris as the group benefits from strong demand for high end leather goods and accessories according to its published 2024 financial information as of 14 February 2025.
Revenue up double digits in 2024
According to Hermès International's 2024 consolidated results published on 14 February 2025, the group generated full year revenue of €16.10 billion, an increase of 16.0% at constant exchange rates compared with 2023.
In the same report, Hermès International stated that recurring operating income reached €7.28 billion in 2024, up from €6.07 billion in 2023, corresponding to growth of approximately 19.9% year on year and an operating margin of 45.2% of sales.
Leather goods remain key profit driver
The company highlighted in its 2024 results that the Leather Goods and Saddlery division continued to be a central driver of performance, with revenue in this segment rising by around 17% compared with 2023 and contributing the largest share of group sales.
Hermès International also reported that its Asia Pacific region excluding Japan delivered revenue growth of about 18% in 2024 versus the prior year, supported by higher store traffic and continued expansion of the retail network in key luxury markets.
Iconic bags underpin brand strength
Hermès continues to derive a significant portion of its desirability from iconic handbags such as the Birkin and Kelly, whose limited availability and craftsmanship intensive production underpin pricing power and support the high operating margin reported for 2024.
Hermes stock valuation reflects strong fundamentals
On the back of the 2024 performance, Hermes stock on Euronext Paris has recently traded close to its historical peaks, with investors focusing on the combination of €16.10 billion in annual revenue and a 45.2% operating margin as of 2024 as indications of the group's pricing power and resilience in the global luxury sector.
The 16.0% year on year revenue growth and approximately 19.9% increase in recurring operating income in 2024 compared with 2023 position Hermès International among the faster growing large cap luxury houses, which helps explain why Hermes stock remains valued at a premium relative to many peers.
More regulatory and market information on Hermes
Further official documents and historical figures on Hermès International are available in the companys own finance section and in aggregated market data for ISIN FR0000052292.
Birkin bag as emblematic product
The Hermès Birkin bag, first created in the 1980s, remains an emblematic product for the group and exemplifies the leather craftsmanship that underlies the 17% revenue growth in the Leather Goods and Saddlery division reported for 2024 compared with 2023.
Hermes stock on Euronext Paris
Hermes stock is listed on Euronext Paris under the symbol RMS and forms part of the CAC 40 index, offering investors exposure to a luxury group that in 2024 delivered €16.10 billion in revenue, €7.28 billion in recurring operating income and a 45.2% operating margin, with revenue up 16.0% versus 2023.
Hermès International at a glance
- Company: Hermès International S.A.
- ISIN: FR0000052292
- Ticker: EURONEXT: RMS
- Trading venue: Euronext Paris
- Sector / Industry: Consumer Discretionary / Luxury Goods
- Index membership: CAC 40
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
