Richemont, Cartier's parent company, reported Q3 sales of $7.43 billion (€6.4 billion) for the quarter ended December 31, 2025. Sales increased 11% at constant exchange rates and 4% at actual exchange rates compared to the same period in 2024.
Division Performance
Jewelry Maisons (14% growth)
- Brands: Buccellati, Cartier, Van Cleef & Arpels, Vhernier
- Sales: €4.79 billion
- Growth driven by iconic lines, new products including bracelets and pendants
Specialist Watchmakers (7% growth)
- Brands: A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin
- Sales: €872 million
- Second consecutive quarter of positive growth
Fashion & Accessories Maisons (3% growth)
- Brands include: Alaïa, Chloé, Delvaux, dunhill, Montblanc
Regional Performance
- Americas: +14%
- Japan: +17%
- Middle East & Africa: +20%
- Europe: +8%
- China (including Hong Kong and Macao): +2%
Financial Position
Net cash position as of December 31, 2025: €7.6 billion (compared to €7.9 billion one year earlier)
Nine-Month Performance
Nine-month sales reached €17.0 billion, up 10% at constant exchange rates and 5% at actual rates.
Market Context
The results exceeded analyst expectations of 7.5% growth. The performance occurred despite challenging conditions including US tariffs on Swiss exports (15%), high gold prices, currency volatility, and rising raw material costs.
Cartier brand ambassadors include actors Jacob Elordi (since October 2025) and Timothée Chalamet (since 2021), both appearing at the 2026 Golden Globes wearing Cartier pieces.
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