EssilorLuxottica revenue soared last quarter due to its artificial intelligence glasses, though its profit margins were hit by United States tariffs.
Revenue was EU€7.60 billion, up 18.4% year-over-year and surpassing Bloomberg estimates of more than 11%. Adjusted operating profit across 2025 increased 6.8% to €4.5 billion.
“This year marks a historic milestone: for the first time in EssilorLuxottica’s history, we delivered annual double-digit sales growth at constant currency, following another record quarter in Q4, up 18.4%. In an uncertain macroeconomic and geopolitical environment, and despite headwinds from U.S. tariffs, we reached record earnings, while making bold investments to advance our innovation agenda,” said CEO Francesco Milleri and deputy CEO Paul du Saillant.
“While we confirm to be on track with the five-year outlook communicated in March 2022, today we’re updating it. Looking ahead to the next five years, we are committed to delivering solid revenue growth, with the adjusted operating profit’s pace broadly aligned, as we lead our Company decisively into its medtech transformation journey.”
Across 2025, revenue climbed 11.2% to €28.49 billion. The company credited this to high sales of the AI glasses it produces in partnership with Meta, having sold more than 7 million Ray-Ban Meta and Oakley Meta units during the year.
Profit margins were impactedby U.S. tariffs, EssilorLuxottica said, particularly in 2025’s second half. Its adjusted full-year margin was 16%, down 70 basis points from 2024.
Professional Solutions, its business-to-business arm, saw revenue surge 29.2% to €3.81 billion last quarter. Direct to Consumer revenue rose 9.3% to €3.79 billion.
Revenue also grew by at least 7% across all regions. North America led gains, growing 23.8% to €3.61 billion.
The company had 17,750 stores at the end of 2025, up from 17,638 in 2024. This was driven by an increase in Asia Pacific and Europe, Middle East, and Africa locations.
EssilorLuxottica (EPA: EL) shares closed 0.1% higher at €250.80. Its market capitalisation is €128.95 billion.
