Lvmh Moet Hennessy Louis Vuitton SE (XSWX:MC) Operating Income: CHF16,530 Mil (TTM As of Dec. 2025)


XSWX:MC Lvmh Moet Hennessy Louis Vuitton SE XSWX:MC
76 GF Score
Price CHF453.55
GF Value CHF988.00
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Lvmh Moet Hennessy Louis Vuitton SE Operating Income?

Lvmh Moet Hennessy Louis Vuitton SE XSWX:MC 76 Operating Income is CHF16,530 Mil as of Dec. 2025. GuruFocus rates XSWX:MC with a GF Score™ of 76/100 and a GF Value™ of CHF988.00 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Lvmh Moet Hennessy Louis Vuitton SE's Operating Income for the six months ended in Dec. 2025 was CHF8,097 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was CHF16,530 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Lvmh Moet Hennessy Louis Vuitton SE's Operating Income for the six months ended in Dec. 2025 was CHF8,097 Mil. Lvmh Moet Hennessy Louis Vuitton SE's Revenue for the six months ended in Dec. 2025 was CHF38,256 Mil. Therefore, Lvmh Moet Hennessy Louis Vuitton SE's Operating Margin % for the quarter that ended in Dec. 2025 was 21.16%.

Good Sign:

Lvmh Moet Hennessy Louis Vuitton SE operating margin is expanding. Margin expansion is usually a good sign.

Lvmh Moet Hennessy Louis Vuitton SE's 5-Year average Growth Rate for Operating Margin % was 1.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lvmh Moet Hennessy Louis Vuitton SE's annualized ROC % for the quarter that ended in Dec. 2025 was 9.52%. Lvmh Moet Hennessy Louis Vuitton SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 29.55%.


Lvmh Moet Hennessy Louis Vuitton SE  (XSWX:MC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Lvmh Moet Hennessy Louis Vuitton SE's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=16193.68 * ( 1 - 34.76% )/( (111750.751 + 110286.667)/ 2 )
=10564.756832/111018.709
=9.52 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=132789.839 - 9471.388 - ( 11567.7 - max(0, 28548.291 - 42112.88+11567.7))
=111750.751

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=132540.147 - 9654.248 - ( 12599.232 - max(0, 28382.331 - 44957.664+12599.232))
=110286.667

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Lvmh Moet Hennessy Louis Vuitton SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=16229.14/( ( (41773.343 + max(13519.567, 0)) + (41074.876 + max(13478.247, 0)) )/ 2 )
=16229.14/( ( 55292.91 + 54553.123 )/ 2 )
=16229.14/54923.0165
=29.55 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3992.84 + 21658.133 + 4169.174) - (9471.388 + 0 + 6829.192)
=13519.567

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4042.355 + 21143.978 + 6476.911) - (9654.248 + 0 + 8530.749)
=13478.247

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Lvmh Moet Hennessy Louis Vuitton SE's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=8096.84/38255.866
=21.16 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Lvmh Moet Hennessy Louis Vuitton SE Operating Income Related Terms


Lvmh Moet Hennessy Louis Vuitton SE Operating Income Historical Data

* Premium members only.

The historical data trend for Lvmh Moet Hennessy Louis Vuitton SE's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lvmh Moet Hennessy Louis Vuitton SE Operating Income Chart

Lvmh Moet Hennessy Louis Vuitton SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17,818.49 20,737.97 21,484.20 18,277.33 16,486.69

Lvmh Moet Hennessy Louis Vuitton SE Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10,561.50 10,254.17 8,326.89 8,433.08 8,096.84
XSWX:MC
76GF Score
Lvmh Moet Hennessy Louis Vuitton SE XSWX:MC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Lvmh Moet Hennessy Louis Vuitton SE Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF16,530 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of CHF16,530 Mil mean?
Lvmh Moet Hennessy Louis Vuitton SE (XSWX:MC) has a Operating Income of CHF16,530 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Lvmh Moet Hennessy Louis Vuitton SE and its competitors.
Is Lvmh Moet Hennessy Louis Vuitton SE's Operating Income too high?
Lvmh Moet Hennessy Louis Vuitton SE's current Operating Income is CHF16,530 Mil. Overall, Lvmh Moet Hennessy Louis Vuitton SE has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lvmh Moet Hennessy Louis Vuitton SE's Operating Income compare to TPR and SIG?
Lvmh Moet Hennessy Louis Vuitton SE's Operating Income of CHF16,530 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Lvmh Moet Hennessy Louis Vuitton SE and its competitors. Lvmh Moet Hennessy Louis Vuitton SE's current Operating Income is CHF16,530 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lvmh Moet Hennessy Louis Vuitton SE stock overvalued right now?
Based on GuruFocus' analysis, Lvmh Moet Hennessy Louis Vuitton SE (XSWX:MC) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF988.00, compared to a current price of CHF453.55 — trading 54.1% below its estimated fair value. The current Operating Income is CHF16,530 Mil. Lvmh Moet Hennessy Louis Vuitton SE's overall GF Score™ is 76/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Lvmh Moet Hennessy Louis Vuitton SE (XSWX:MC), the current Operating Income is CHF16,530 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lvmh Moet Hennessy Louis Vuitton SE (XSWX:MC) Overvalued in 2026?

Based on GuruFocus' analysis, Lvmh Moet Hennessy Louis Vuitton SE stock appears to be undervalued. The current stock price of CHF453.55 is trading 54.1% below its estimated GF Value™ of CHF988.00. GuruFocus considers Lvmh Moet Hennessy Louis Vuitton SE to be Significantly Undervalued.

Key valuation signals for XSWX:MC:

  • Operating Income: CHF16,530 Mil
  • GF Value™: CHF988.00 vs. price of CHF453.55 (54.1% below fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the XSWX:MC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lvmh Moet Hennessy Louis Vuitton SE Business Description

Address 22, Avenue Montaigne, Paris, FRA, 75008
LVMH is a global producer and distributor of luxury goods. It operates six segments: fashion and leather goods, its largest and most profitable; watches and jewelry; wines and spirits; perfumes and cosmetics; selective retailing (including Sephora and airport duty-free retailer DFS); and other. Higher-profile brands include Louis Vuitton, Bulgari, Fendi, Givenchy, Tag Heuer, Hennessy, Moet & Chandon, Glenmorangie, Sephora, and Benefit. LVMH operates over 5,000 stores around the globe.
76GF Score

Get the complete analysis for XSWX:MC

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF453.55
Price
CHF988.00
GF Value