Americas was On Holding AG’s largest region in fiscal 2025, bringing in $1.74B of $3.05B (57%).
| Geography | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2025 |
|---|---|---|---|---|---|
| Americas | — | $1.74B | |||
| Thereof The United States | $718.50M | — | |||
| Europe, Middle East & Africa | $378.10M | $762.70M | |||
| Europe | — | — | |||
| North America | — | — | |||
| Asia-Pacific | $80.20M | $511.10M | |||
| Thereof Switzerland | $51.50M | $39.30M | |||
| Rest Of World | $49.10M | — | |||
| Total | $1.28B | $3.05B |
On Holding AG brought in $3.05B from its four regions in fiscal 2025, the year ended December 31, 2025. On Holding AG regrouped these regions after fiscal 2022, so the total does not compare directly with that year's $1.28B. Americas was the largest at $1.74B (57.0%), ahead of Europe, Middle East & Africa at $762.70M (25.0%) and Asia-Pacific at $511.10M (16.7%). The remaining region, Thereof Switzerland, brought in $39.30M.
Compared with fiscal 2022, the previous year with figures, Asia-Pacific grew 537.3% to $511.10M and Europe, Middle East & Africa grew 101.7% to $762.70M.
On Holding AG stopped reporting Thereof The United States ($718.50M in fiscal 2022) and Rest Of World ($49.10M in fiscal 2022) as separate regions.
Shoes was On Holding AG’s largest revenue line in fiscal 2025, bringing in $2.80B of $3.01B (93%).
| Products and services [axis] | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2025 |
|---|---|---|---|---|---|
| Shoes | $1.17B | $2.80B | |||
| Apparel | $47.30M | $169.90M | |||
| Accessories | $7.40M | $39.60M | |||
| Total | $1.22B | $3.01B |
On Holding AG brought in $3.01B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 146.6% from $1.22B in fiscal 2022, the previous year with figures. Shoes was the largest at $2.80B (93.0%), ahead of Apparel at $169.90M (5.6%) and Accessories at $39.60M (1.3%).
Compared with fiscal 2022, the previous year with figures, Apparel grew 259.2% to $169.90M and Shoes grew 140.2% to $2.80B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $1.22B to $3.01B, a compound annual growth rate of 35.1%. Shoes' share of the total fell from 95.5% to 93.0%.
Wholesale was On Holding AG’s largest revenue line in fiscal 2025, bringing in $1.75B of $3.01B (58%).
| Sales channels [axis] | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2025 |
|---|---|---|---|---|---|
| Wholesale | $777.00M | $1.75B | |||
| Direct-To-Consumer | $445.10M | $1.26B | |||
| Direct-To-Customer | — | — | |||
| Total | $1.22B | $3.01B |
On Holding AG brought in $3.01B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 146.6% from $1.22B in fiscal 2022, the previous year with figures. Wholesale was the largest at $1.75B (58.2%), ahead of Direct-To-Consumer at $1.26B (41.8%).
Compared with fiscal 2022, the previous year with figures, Direct-To-Consumer grew 183.2% to $1.26B and Wholesale grew 125.7% to $1.75B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $1.22B to $3.01B, a compound annual growth rate of 35.1%. Wholesale's share of the total fell from 63.6% to 58.2%.
On Holding AG (ONON) reports its revenue by geography, by products and services [axis] and by sales channels [axis]. In fiscal 2025, Americas was its largest region, bringing in $1.74B (57.0% of the total), followed by Europe, Middle East & Africa at $762.70M (25.0%).
Americas was On Holding AG's largest region in fiscal 2025, bringing in $1.74B, or 57.0% of the $3.05B total across its four regions.
Shoes was On Holding AG's largest revenue line in fiscal 2025, bringing in $2.80B, or 93.0% of the $3.01B total across its three revenue lines.
Every figure comes from On Holding AG's annual financial filings, as reported. Each line keeps the name On Holding AG gives it, and years follow its fiscal calendar.
On Holding AG's revenue by geography goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.