Dior

ACCELERATING GROWTH IN THE SECOND QUARTER; SOLID FIRST-HALF RESULTS

Bernard Arnault, Chairman and CEO of LVMH

Extract from the press release published on July 27, 2026

Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH demonstrated its solidity and effective strategy. Our Maisons – which remained focused on ensuring the utmost quality in our products, and several of which are pursuing their creative renewal – continued to inspire dreams and enhance their desirability. Accelerating growth in the second quarter arose in particular from the success of Jonathan Anderson’s first designs for Christian Dior, the remarkable performance of Louis Vuitton’s exceptional new stores in Beijing and Seoul, and Tiffany and Bvlgari’s iconic lines. Strong growth at Sephora and the recovery in champagne and cognac also contributed to this excellent momentum. While continuing to pay very close attention to margins, we are entering the second half of the year with renewed confidence in the long-term potential of our Maisons and in our highly committed teams to continue to stand out and reinforce LVMH’s leadership position. The latest edition of our Journées Particulières events will showcase the invaluable expertise of our craftspeople and the rich heritage of our Maisons, offering an array of unique experiences.”

HIGHLIGHTS FIRST HALF 2026

Highlights of the first half of 2026 included the following:

  • Solid results over the half-year period.
  • Accelerating growth in the second quarter.
  • Growth in profit from recurring operations excluding the negative currency impact.
  • High level of operating margin maintained at 22.5%.
  • Robust cash flow of €4.1 billion.
  • Signs of recovery for Wines & Spirits.
  • Gradual acceleration in Fashion & Leather Goods, which returned to organic revenue growth in the second quarter.
  • Excellent performance in jewelry for Tiffany and Bvlgari.
  • Sustained growth at Sephora.
  • Revenue 38.6 billion
    H1 2026+2% (1) Q2 2026+3% (1)
  • Profit
    from recurring
    operations
    8.7 billion -4% vs H1 2025
  • Operating
    free
    cash flow
    4.1 billion +2% vs H1 2025
  • 2026 Interim
    dividend
    5.50  (2)
  • (1) Organic growth vs. same period in 2025. For the Group, the perimeter impact with respect to the first half of 2025 was -1% and the impact of exchange rate fluctuations was -5%. (2) Payable on December 3, 2026. Data as of June 30, 2026

LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of €38.6 billion in the first half of 2026. LVMH maintained its innovative momentum and remained very solid in a geopolitical and economic environment that remained disrupted, amplified by the conflict in the Middle East. Growth accelerated in the second quarter, with organic revenue growth for the Group of 3% (4% excluding the impact of the conflict in the Middle East). The United States saw growth accelerate and had a good first half of the year. Asia (excluding Japan) saw strong growth, confirming the improvement in trends observed starting in the second half of 2025. Japan posted growth for the half-year period and Europe showed good resilience.

Profit from recurring operations for the first half of 2026 came to €8.7 billion, equating to an operating margin that remained high at 22.5%. The Group share of net profit amounted to €5.7 billion, stable year on year.

ACCESS THE 2026 interim financial report ACCESS THE 2025 ANNUAL REPORT ACCESS THE 2025 SOCIAL AND ENVIRONMENTAL RESPONSIBILITY REPORT

OUTLOOK 2026

Despite a geopolitical and economic environment that remains uncertain, the Group remains confident and will maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the exceptional quality of its products and excellence in retail.

Its exacting focus on the highest quality across all its activities, combined with the energy and unparalleled creativity of its teams, will enable the LVMH Group to reinforce its global leadership position in luxury goods once again in 2026.

2026 INTERIM DIVIDEND

An interim dividend of €5.50 will be paid on December 3, 2026.

LVMH IN FIGURES

  • 75 Maisons
  • 81 Countries
  • > 211,000 Employees
  • 6,283 Stores
  • Data as of December 31, 2025
  • 190+ nationalities
  • 71% women
  • 117 manufacturing facilities
    and workshops
    located across France
  • 280+ Creative, Craft and Client
    Experience Métiers d’Excellence
  • 3 800+ apprentices trained by the
    LVMH Institut Métiers d'Excellence
    since its launch in 2014
  • 4,3 million hectares of fauna and flora habitat
    regenerated or protected
  • -37% in greenhouse gas emissions
    (scope 1 & 2 - relative to 2019)
  • 49% recycled materials
    in products and packaging
  • Data as of December 31, 2025

  • Data as of December 31, 2025

FocusJournées Particulières 2026

On October, 16, 17 and 18, 2026, Les Journées Particulières take you to the Source of Dreams!

Set out to explore our iconic spaces, some of which are opening their doors to the public for the first time, and let our craftspeople take you on a voyage.

12
countries

46
Maisons

69
venues

An exceptional program

LVMH presents the 6th edition which will take place from October 16 to 18, 2026. For three days, 46 Maisons will exceptionally open 69 venues in 12 countries, offering the public many new experiences and several openings accessible for the first time.

Workshops, manufactures, cellars, family homes, archives, iconic boutiques will invite visitors to meet the women and men behind the Maisons, and to discover the savoir-faire and heritage that bring Maisons’ creations to life.

Created in 2011, Les Journées Particulières allow the public to discover the behind-the-scenes of the LVMH Group's Maisons for free and to meet those who embody their savoir-faire.

Discover the Catalogue of experiences

At the Source of Dreams

This theme « At the Source of Dreams » is articulated around three founding dimensions of the Maisons' excellence: nature, culture, and craftsmanship.

  • Nature, because every creation begins with materials, terroirs, landscapes and the living world, all of which inspire the Maisons and enable the highest level of quality, a commitment illustrated in particular by 4.3 million hectares of natural habitats preserved or restored and by 99.9% of grapes from LVMH vineyards certified for sustainable viticulture.
  • Culture, because each Maison is rooted in a living history and heritage, largely embodied by historic sites.
  • Craft, finally, because excellence takes shape in the hand, in precision, and in transmission, carried within the Group by 280 métiers and more than 320 Virtuosos.

An encounter with savoir-faire and those who embody it

Beyond the venues themselves, Les Journées Particulières remain above all an invitation to meet the artisans, experts, creators, and teams who bring the Maisons to life every day. By opening their doors to the public, the Maisons showcase the precision of gestures, the demanding techniques, the quality of materials, and the vitality of a living heritage in constant transmission.

On the occasion of Les Journées Particulières, Antoine Dupont, LVMH and Louis Vuitton Ambassador, visited the Group's workshops to motivate the teams preparing to welcome the public. His intervention echoes what drives the Maisons as the event approaches : collective commitment, precision of gesture, preparation, and the desire to transmit. It is this momentum that will animate, within the Maisons, all those who will welcome the public next October.

Registrations will open in September 2026.

LEARN MORE ABOUT LES JOURNÉES PARTICULIERES 2026

FASHION SHOWS FROM NEW YORK TO PARIS

LOUIS VUITTON WOMEN'S SHOW
CRUISE 2027
NEW YORK

Louis Vuitton MEN'S SHOW
Spring-Summer 2027
PARIS

Dior HAUTE COUTURE SHOW
FALL-WINTER 2026-2027
PARIS

DIOR MEN'S SHOW
SPRING-SUMMER 2027
PARIS

LVMH SHARE

Comparison between the LVMH share price and the CAC 40 AS OF June 30, 2026

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LVMH share CAC 40 (2026 first half % change)

-24.9% +3.1%


SHARE PRICE AS OF JUNE 30, 2026

€484.10


Stock market capitalization
AS OF JUNE 30, 2026

€240bn


STOCK MARKET

Listed on Eurolist by Euronext Paris


Member of indices

CAC 40, Dow Jones Euro Stoxx 50, MSCI Europe, FTSE Eurotop 100, Global Dow and FTSE4Good.

LVMH SHAREHOLDERS’ CLUB

Galerie Dior, 30 Montaigne, Paris

The LVMH Shareholders’ Club was set up in 1994 to give individual shareholders who are particularly interested in the life of the Group a better understanding of LVMH, its businesses and its brands.

The LVMH Shareholders’ Club can be joined free of charge by any shareholder who owns at least one LVMH share listed on the Paris stock exchange.

LATEST NEWS ABOUT OUR MAISONS

We send Club members several publications to keep them informed of the latest news about our Maisons, such as the Annual Report, the twice-annual Letter to Shareholders and the annual issue of Apartés, our Club magazine.

TOURS TO DISCOVER OUR MAISONS

Chaumet, the 12 Vendôme, Paris, France

Throughout the year, the LVMH Shareholders’ Club holds exceptional in-person and virtual private tours of a number of its Maisons, such as Louis Vuitton’s workshops in Asnières, the Dior 30 Montaigne boutique and la Galerie Dior, the historic La Samaritaine department store by the Pont Neuf, the Maison Chaumet or the Guerlain 68 Champs-Élysées flagship in Paris. Club members can also reserve guided tours of unique sites such as Hennessy’s centuries-old cellars in Cognac, Veuve Clicquot and Ruinart’s magnificent crayères in Reims, as well as Moët & Chandon and Mercier’s champagne cellars in Epernay.

EXCLUSIVE OFFERS FOR THE GROUP’S PRODUCTS

In addition to special offers on a selection of the Group’s wines and spirits, for delivery in France only, Club members can purchase discounted subscriptions to Group media publications – Les Echos, Investir, Le Parisien and Connaissance des Arts – and order priority-access tickets for the Fondation Louis Vuitton (subject to the number of tickets allocated to the Club for each exhibition).

A WEBSITE DEDICATED TO CLUB MEMBERS

The detailed program of the Club’s visits as well as the exclusive offer of wines and spirits, subscriptions to the Group’s newspapers and magazines and tickets to the Fondation Louis Vuitton are available via the Club’s website at www.clublvmh-actionnaires.fr/en.

Join the Shareholders’ Club

AGENDA

Monday, July 27, 2026

2026 half-year results

October 2026

2026 third-quarter revenue

Monday, November 30, 2026

Last trading day with dividend rights

Thursday, December 3, 2026

Payment of an interim dividend

January 2027

2026 annual results

April 2027

2027 first-quarter revenue

Thursday, April 22, 2027

Annual Shareholders’ Meeting

MORE ABOUT THE GROUP

OUR WEBSITE

The LVMH website (www.lvmh.com) gives access to a wide range of regularly updated information on the Group and its Maisons. A section specially aimed at the financial community and LVMH shareholders features the share price in real time, its chart relative to the CAC 40, the events schedule, press releases and presentations, in particular the Shareholders’ Meeting, which can be watched live or on replay.

Access the LVMH website

OUR NEWSLETTERS

Communications media can be viewed in the Publications section along with the Annual Report, the Social and Environmental Responsibility Report. LVMH also sends out Group news by email to web users who sign up for Press Release and Letter to Shareholders alerts. Lastly, a Calendar alert is available for those wishing to be advised of updates to this section and receive an email reminder the day before an event.

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Contacts

Investor and Shareholder Relations
Phone: +33 (0)1 44 13 27 27

Shareholders’ Club
Phone: +33 (0)1 44 13 21 50
E-mail: clubactionnaires@lvmh.com