Finance

    About Kering & key figures

    Kering is a global luxury group composed of iconic and dynamic Houses in Fashion, Leather Goods and Jewelry.

    Group's key figures

    Below are the Group’s key financial data.
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    (in euros)
    Update on 02/10/2026

    (In millions)

    2025

    2024*

    Change
    (reported)

    Revenue

    14,675

    16,874

    -13%

    EBITDA

    3,675

    4,546

    -19%

    EBITDA margin
    (% of revenue)

    25%

    26.9%

    -1.9 pts

    Recurring operating income

    1,631

    2,440

    -33%

    Recurring operating margin
    (% of revenue)

    11.1%

    14.5%

    -3.4 pts

    Net income attributable to owners of the parent

    72

    1,133

    -94%

    o/w continuing operations
    excluding non-recurring items

    532

    1,206

    -56%

    Gross operating investments(1)

    830

    3,309

    -75%

    Free cash flow from operations(2)

    4,428

    1,432

    N/A

    Net debt(3)

    8,039

    10,517

    -24%

    Headcount on the payroll
    at year-end

    43,731

    46,930

    -7%

    *Following the strategic partnership with L’Oréal for the disposal of Kering Beauté, expected to be completed in the first half of 2026, the activity has been reclassified as discontinued operations in accordance with IFRS 5. As a result, 2025 figures exclude Kering Beauté and the 2024 income statement has been restated accordingly.


     

    (1) Purchases of property, plant and equipment and intangible assets.

    (2) Free cash-flow from operations is defined in Chapter 2.7 of the Financial document.

    (3) Net debt is defined in Chapter 2.7 of the Financial document.

    Per share data
    (in €)

    2025

    2024*

    Change
    (reported)

    Earnings per share attributable to owners of the parent

    0.59

    9.24

    -94%

    o/w continuing operations
    excluding non-recurring items

    4.34

    9.84

    -56%

    Houses’ key figures

    Key figures for the Group by activity and house.
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    Update on 02/10/2026

    IN RECURRING OPERATING INCOME

    AVERAGE NUMBER OF EMPLOYEES

    (FULL TIME EQUIVALENT)

    DIRECTLY OPERATED STORES

    Rest of the world9%

    Japan8%

    North America27%

    Western Europe26%

    Asia-Pacific (excluding Japan)30%

    Breakdown of revenue by region

    Asia-Pacific (excluding Japan) 30%

    Western Europe 26%

    North America 27%

    Japan 8%

    Rest of the world 9%

    Other11%

    Watches and jewelry3%

    Ready-to-wear17%

    Shoes20%

    Leather goods49%

    Breakdown by product category

    Leather goods 49%

    Shoes 20%

    Ready-to-wear 17%

    Watches and jewelry 3%

    Other 11%

    Wholesale and other revenue (including royalties)8%

    Sales from physical and online stores controlled by the House92%

    Breakdown of revenue by distribution channel

    Sales from physical and online stores controlled by the House 92%

    Wholesale and other revenue (including royalties) 8%

    Revenue change
    (in € millions)
    2024
    €7,650m
    2025
    €5,992m
    2024
    2025
    Recurring operating income change
    (in € millions)
    2024
    €1,605m
    2025
    €966m
    2024
    2025
    Directly operated stores
    Asia-Pacific (excluding Japan)
    166
    Western Europe
    97
    North America
    111
    Japan
    61
    Rest of the world
    62
    Asia-Pacific (excluding Japan)
    Western Europe
    North America
    Japan
    Rest of the world
    Total as of December 31, 2025
    497
    Total as of December 31, 2025

    Articles of association

    Read Kering's articles of association
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