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NYSE · Consumer discretionary

On Holding AG (ONON)

On Holding AG reported revenue of CHF 3B in fiscal 2025, up 30.0% from a year earlier. Net income was CHF 203.7M, a net margin of 6.8%. Operating cash flow minus capital spending left CHF 286.6M of free cash flow in fiscal 2025. At December 31, 2025 it held CHF 1B in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 3, 2026.

Price
$29.96
-1.64% on the day · September 25, 2026
52-week range $26.37 to $51.08
Market cap
$18.1B
Revenue (FY2025)
CHF 3B
+30.0% year on year
Net margin
6.8%

What On Holding AG does

On Holding AG is registered with the SEC under industry code SIC 3021 (Rubber & Plastics Footwear). Its shares trade on NYSE under the ticker ONON.

Revenue and profit by year

Revenue
FY19: CHF 267.1M CHF 267.1M FY19FY21: CHF 425.3M CHF 425.3M FY21FY21: CHF 724.6M CHF 724.6M FY21FY22: CHF 1.2B CHF 1.2B FY22FY23: CHF 1.8B CHF 1.8B FY23FY24: CHF 2.3B CHF 2.3B FY24FY25: CHF 3B CHF 3B FY25
Net income
FY19: -CHF 1.5M -CHF 1.5M FY19FY21: -CHF 27.5M -CHF 27.5M FY21FY21: -CHF 170.2M -CHF 170.2M FY21FY22: CHF 57.7M CHF 57.7M FY22FY23: CHF 79.6M CHF 79.6M FY23FY24: CHF 242.3M CHF 242.3M FY24FY25: CHF 203.7M CHF 203.7M FY25

Fiscal years as reported in annual reports. Amounts in CHF.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025CHF 3BCHF 377MCHF 203.7Mn/aCHF 286.6M
2024CHF 2.3BCHF 211.6MCHF 242.3Mn/aCHF 450.1M
2023CHF 1.8BCHF 180.2MCHF 79.6Mn/aCHF 189.3M
2022CHF 1.2BCHF 85.1MCHF 57.7Mn/a-CHF 287.3M
2021CHF 724.6M-CHF 141.1M-CHF 170.2Mn/a-CHF 7.7M
2021CHF 425.3M-CHF 17.1M-CHF 27.5Mn/a-CHF 25.7M

Latest SEC filings

What On Holding AG has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 22, 2026
  2. August 14, 2026
  3. August 12, 2026
  4. August 12, 2026
  5. August 11, 2026
  6. August 6, 2026
  7. May 28, 2026
  8. May 12, 2026
  9. May 6, 2026
  10. April 17, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 23, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about ONON

What does On Holding AG do?

On Holding AG is registered with the SEC under industry code SIC 3021 (Rubber & Plastics Footwear). Its shares trade on NYSE under the ticker ONON.

Is On Holding AG profitable?

Yes. In fiscal 2025 it reported net income of CHF 203.7M on revenue of CHF 3B, a net margin of 6.8%.

How much revenue does On Holding AG make?

In fiscal 2025 On Holding AG reported revenue of CHF 3B. That is 30.0% more than a year earlier.

When did On Holding AG last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 3, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from September 23, 2026.

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Where the numbers come from

Financial figures are the values On Holding AG tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.