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On Holding/$ONON

1D1W1M3M6MYTD1Y5YMAX

About On Holding

Founded in Switzerland in 2010, sportswear firm On Holding generates more than 90% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of 2025 sales) and accessories (1%). The firm's merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.
Ticker
$ONON
Sector
Consumer Discretionary
Primary listing
NYSE
Employees
3,963
Headquarters
Zurich, Switzerland
Website
www.on.com

On Holding Metrics

BasicAdvanced
$11B
23.55
$1.43
2.12
-

What the Analysts think about On Holding

Analyst ratings (Buy, Hold, Sell) for On Holding stock.
Analyst projections of the future price of On Holding stock.

Bulls say / Bears say

Direct-to-consumer sales rose 34.3% at constant currency in Q2 and made up 45.7% of revenue. Gross margin reached 65.4%, and On raised its full-year gross-margin floor to 65%, showing that direct sales and pricing discipline are supporting profitability. (On)
Asia-Pacific sales rose 54.7% at constant currency in Q2, while apparel grew 56.2%. These fast-growing areas give On growth engines beyond its slower Americas market and core footwear business. (On)
On plans to enter football and golf and targets high-teens annual sales growth and an adjusted EBITDA margin of at least 22% by 2029. If it delivers, these new categories and scale efficiencies could extend growth beyond its current product base. (On)
Q2 revenue growth was 13.5% as reported, and sales growth in the Americas, On’s biggest market, slowed to 13% at constant currency. On also lowered its full-year growth outlook from at least 23% to the low-20% range, raising doubts about its near-term growth pace. (Reuters, On)
Wholesale sales grew only 12.7% at constant currency in Q2, compared with 34.3% for direct sales. On is deliberately limiting wholesale shipments in a promotional market, and expects Q3 growth of around 17% at constant currency, making channel recovery an important near-term test. (On, The Wall Street Journal)
Inventory increased 31% year on year. Management said the rise was mainly volume-led and affected by currency, but a large stock build could become a markdown or cash-flow risk if demand weakens further. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 19 Oct 2026.

On Holding Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

On Holding Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

On Holding News

AllArticlesVideos

On Targets CHF 5.6B by 2029, Unveils Football, Golf and $1B Buyback Plan

MarketBeat1 month ago

Nasdaq 100 Flirts with Records, Oil Sinks for Fifth Day: Stock Market Today

Benzinga1 month ago

Switzerland's On Holding plans $1 bln buyback through 2029, sets long-term targets

Reuters1 month ago

Funds containing On Holding

AllUSDEURGBP
Funds
Fund name
Fund size
$ONON weighting
iShares Russell 1000 Growth$R1GR
$1.3B0.02%
iShares Russell 1000 Growth$R1GR
$1.3B0.02%
iShares Russell 1000 Growth£R1GB
$1.3B0.02%
Invesco Dow Jones Islamic Global Developed Markets$IGDA
$1.1B0.01%
Vanguard ESG North America All Cap$V3NA
$290M0.01%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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