On Holding AG (ONON) Operating Income (2020 - 2026)
On Holding AG (ONON) recorded quarterly Operating Income of $149.9 million in Q1 2026, up 45.24% quarter-over-quarter from $103.2 million in Q4 2025, and up 75.05% on a YoY basis from $85.6 million in Q1 2025.
On Holding AG (ONON) Operating Income (2020 - 2026) Analysis & Trends
On Holding AG's Operating Income history runs 7 years deep, the most recent figure standing at $149.9 million for Q1 2026.
- In Q1 2026, Operating Income rose 75.05% year-over-year to $149.9 million; the TTM figure through Mar 2026 stood at $521.1 million (up 84.56% YoY), while the FY2025 annual figure was $471.7 million, up 95.28% from the prior year.
- Operating Income was $149.9 million for Q1 2026 at On Holding AG, up from $103.2 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $155.9 million in Q3 2025 to a low of $3.7 million in Q1 2022.
- Historically, Operating Income has averaged $66.9 million across 5 years, with a median of $52.3 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Income surged 1142.23% in 2023, then fell 3.55% in 2024.
- A 5-year view of Operating Income shows it stood at $15.3 million in 2022, then soared by 201.44% to $46.0 million in 2023, then surged by 31.78% to $60.6 million in 2024, then surged by 70.29% to $103.2 million in 2025, then surged by 45.24% to $149.9 million in 2026.
- The last three Operating Income figures came in at $149.9 million (Q1 2026), $103.2 million (Q4 2025), and $155.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 102.63 Bn | 102.39 Bn | 390.51 Mn | 181.99 Mn |
| 2 | Nike | 65.09 Bn | 57.03 Bn | 4.53 Bn | 1.64 Bn |
| 3 | Deckers Outdoor | 16.02 Bn | 13.93 Bn | 1.17 Bn | 614.37 Mn |
| 4 | Crocs | 6.13 Bn | 6.00 Bn | 522.95 Mn | 200.84 Mn |
| 5 | Steven Madden | 3.14 Bn | 3.10 Bn | 357.42 Mn | 98.74 Mn |
| 6 | Wolverine World Wide | 1.98 Bn | 1.79 Bn | 243.40 Mn | 48.90 Mn |
| 7 | On Holding AG | 1.66 Bn | 264.30 Mn | 682.30 Mn | 149.92 Mn |
| 8 | Forward Industries | 381.04 Mn | 355.65 Mn | 16.85 Mn | -583.64 Mn |
| 9 | Designer Brands | 349.93 Mn | 299.82 Mn | 315.32 Mn | 18.87 Mn |
| 10 | Weyco | 343.83 Mn | 246.40 Mn | 33.84 Mn | -12.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 149.92 Mn |
| Dec 31, 2025 | 103.22 Mn |
| Sep 30, 2025 | 155.89 Mn |
| Jun 30, 2025 | 112.09 Mn |
| Mar 31, 2025 | 85.64 Mn |
| Dec 31, 2024 | 60.61 Mn |
| Sep 30, 2024 | 83.80 Mn |
| Jun 30, 2024 | 52.30 Mn |
| Mar 31, 2024 | 44.11 Mn |
| Dec 31, 2023 | 46.00 Mn |
| Sep 30, 2023 | 65.44 Mn |
| Jun 30, 2023 | 43.82 Mn |
| Mar 31, 2023 | 45.73 Mn |
| Dec 31, 2022 | 15.26 Mn |
| Sep 30, 2022 | 42.14 Mn |
| Jun 30, 2022 | 27.31 Mn |
| Mar 31, 2022 | 3.68 Mn |
| Dec 31, 2021 | -192.50 Mn |
| Sep 30, 2021 | 26.01 Mn |
| Jun 30, 2021 | 25.64 Mn |