Hermes International SA

RMS: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hermes Earnings: Predictably Solid Performance With Slightly Better Margin; Shares Expensive

Jelena Sokolova

Feb 12, 2026

Hermes reported predictably solid fourth-quarter and full-year revenue, with unchanged trends in the second half. Operating margin for the year was up 50 basis points despite currency pressures.

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Hermes International SA

Hermes Earnings: Predictably Solid Performance With Slightly Better Margin; Shares Expensive

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