The financials
On Holding AG by the numbers
On Holding AG (ONON) reported revenue of CHF 1.54B in H2 2025 (quarter ended December 31, 2025), up 171% from the same quarter a year earlier. That came with a gross margin of 65% and net income of CHF 188M (12% of revenue). For the full year FY2025, revenue was CHF 3.01B (+30% year on year) and net income CHF 204M.
| Income statement | H2 2025 | Q2 2024 | Change |
|---|---|---|---|
| Revenue | CHF 1.54B | CHF 568M | +171% |
| Gross profit | CHF 998M | CHF 340M | +193% |
| Operating income | CHF 207M | CHF 47M | +338% |
| Net income | CHF 188M | CHF 31M | +510% |
Footwear & Accessories
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