Americas was On Holding AG’s largest region in fiscal 2025, bringing in $1.74B of $3.01B (58%).
| Geography | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Americas | $763.80M | $1.16B | $1.48B | $1.74B | |||
| Europe, Middle East & Africa | $378.10M | $488.70M | $577.80M | $762.70M | |||
| North America | — | — | — | — | |||
| Europe | — | — | — | — | |||
| Asia-Pacific | $80.20M | $141.10M | $260.20M | $511.10M | |||
| Rest Of World | — | — | — | — | |||
| Total | $1.22B | $1.79B | $2.32B | $3.01B |
On Holding AG brought in $3.01B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 30.0% from $2.32B in fiscal 2024. Americas was the largest at $1.74B (57.7%), ahead of Europe, Middle East & Africa at $762.70M (25.3%) and Asia-Pacific at $511.10M (17.0%).
Compared with fiscal 2024, Asia-Pacific grew fastest, up 96.4% to $511.10M. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $1.22B to $3.01B, a compound annual growth rate of 35.1%. Americas' share of the total fell from 62.5% to 57.7%.
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 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Shoes | $1.17B | $1.71B | $2.20B | $2.80B | |||
| Apparel | $47.30M | $68.90M | $101.00M | $169.90M | |||
| Accessories | $7.40M | $11.80M | $17.70M | $39.60M | |||
| Total | $1.22B | $1.79B | $2.32B | $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 30.0% from $2.32B in fiscal 2024. 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 2024, Apparel grew 68.2% to $169.90M and Shoes grew 27.5% 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 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Wholesale | $777.00M | $1.12B | $1.38B | $1.75B | |||
| Direct-To-Consumer | $445.10M | $671.80M | $942.80M | $1.26B | |||
| Direct-To-Customer | — | — | — | — | |||
| Total | $1.22B | $1.79B | $2.32B | $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 30.0% from $2.32B in fiscal 2024. Wholesale was the largest at $1.75B (58.2%), ahead of Direct-To-Consumer at $1.26B (41.8%).
Compared with fiscal 2024, Direct-To-Consumer grew 33.7% to $1.26B and Wholesale grew 27.5% 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 (57.7% of the total), followed by Europe, Middle East & Africa at $762.70M (25.3%).
Americas was On Holding AG's largest region in fiscal 2025, bringing in $1.74B, or 57.7% of the $3.01B total across its three 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.
Among On Holding AG's regions that make up at least 2% of revenue, Asia-Pacific grew fastest in fiscal 2025, up 96.4% from $260.20M to $511.10M.
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.