Before the U.S. market opened on November 12 (EST), Swiss sportswear manufacturer On Holding AG (On) released key figures for the third quarter of fiscal year 2025, ending September 30, 2025. Thanks to robust performance across both DTC and wholesale channels, net sales rose 24.9% year-on-year to CHF 794.4 million (up 34.5% at constant currency), while net profit surged 289.8% to CHF 118.9 million—both figures reaching record highs.
The company stated that with continued progress on strategic priorities, it sustained strong and multidimensional growth. The apparel segment once again delivered an exceptionally strong quarterly performance, with notable and balanced growth across all channels and regions. Net sales of apparel grew 86.9% year-on-year, and 100.2% at constant currency. The Asia-Pacific region recorded triple-digit growth at constant currency (+109.2%) for the fourth consecutive quarter, with reported net sales up 94.2% year-on-year. At the same time, On continued to expand its premium brand presence globally, opening new retail stores in Palo Alto (California’s Silicon Valley), Zurich, and Tokyo.
Caspar Coppetti, Co-Founder and Executive Co-Chairman of On, stated, “This quarter was another one for the record books – a true showcase of our premium strategy in action. It reflects the best of what On stands for: innovation, purpose, and performance coming together to inspire movement. Our focus on excellence continues to drive powerful global momentum, earning deep trust with consumers and strengthening the core of our business. With an outstanding product pipeline and boosted by the remarkable achievements of On’s athletes that embody our performance spirit, we carry this momentum forward with confidence and energy.”
Martin Hoffmann, CEO and CFO of On, added, “Our consistent execution continues to bring our strategy to life – winning in performance, elevating our brand, and engaging our expanding global community in credible and consistent ways. We’re strengthening our connection with customers through experiences that showcase our premium positioning – from our most elevated stores to the growing momentum of our apparel business. At the core, our focus on operational excellence and technology is making us faster, smarter, and more agile. These results give us strong confidence – both for a successful holiday season and for the long term, as we continue building the world’s most premium global sportswear brand.”
As of September 30, key financial figures for the third quarter of On’s fiscal year 2025 include:
— By channel:
— By business line:
— By market:
In light of the strong Q3 performance and ongoing growth momentum, the company has raised its full-year 2025 guidance.
｜Source: Official Financial Report
｜Image Credit: Official Website
｜Editor: LeZhi
