Hermès Reports 15% Revenue Growth in 2024, Awards $4,700 Bonuses to Employees

The luxury brand's strong financial performance contrasts with industry declines, driven by global expansion and craftsmanship-focused strategy.

Hermès achieved €15.2 billion ($15.9 billion) in revenue for 2024, marking a 15% year-over-year growth at constant exchange rates.
All 25,000 employees will receive a $4,700 (€4,500) bonus in recognition of their contributions, part of the company's commitment to sharing its success.
The brand saw significant growth across regions, including a 23% increase in Japan, 19% in Europe (excluding France), and 16% in the Americas.
Leather goods, the company's top-performing category, grew 18%, while watches was the only segment to decline, dropping 4%.
Hermès continues to prioritize sustainability, diversity, and long-term investments, reducing emissions by 64% since 2018 and hiring 2,300 new employees in 2024.