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On reports record figures for the third quarter

Café Europe — 11.11.2026

Zurich - Sportswear manufacturer On has reported record net sales and the highest gross profit margin in the company’s history for the third quarter of 2026. For the first time, On’s net sales surpassed the 900 million Swiss franc mark in a single quarter.
In the third quarter of 2026, On achieved the highest net sales and gross profit margin in the company's history. Image credit: On AG
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(CONNECT) On achieved net sales of 931.4 million francs in the third quarter of 2026, according to a statement from the Zurich-based sportswear manufacturer. This represents a 17.8 percent increase compared to the same quarter of last year. Gross profit increased by 29.5 percent, from 522.2 million francs to 676.0 million francs. In addition, the company reported “the highest gross profit margin in On’s history”, at 72.6 percent. Adjusted for U.S. tariff refunds totaling 52.6 million francs, the gross profit margin stands at 66.9 percent. On reported a 42.7 percent increase in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) to 256.8 million francs.

“Each of our strategic growth engines made significant progress this quarter, drawing a new generation of fans to the brand,” commented founder and Co-CEO Caspar Coppetti. “In a promotional market, we stayed true to who we are and held full price, delivering record sales and record underlying margins.”

For full-year 2026, On reiterated its outlook for net sales growth on a constant currency basis (low 20 percent range), while raising its outlook for the gross profit margin from at least 65 percent to around 66 percent. ce/jh