On Holding AGONON
What On Holding AG does.
Born in the Swiss Alps, On's mission is to ignite the human spirit through movement. From the products we make to the stories we tell, it comes down to a feeling.
Since our market launch in 2010, we have delivered innovative and premium footwear, apparel and accessories that elevate the sensation of movement across running, outdoor, training and tennis, as well as everyday activities. Today, millions of individuals around the world move with On because they feel the difference of our innovative technologies, such as our award-winning CloudTec and LightSpray. We believe we are among one of the fastest growing scaled sportswear brands globally. What sets us apart? Our premium products are built on athlete-validated performance, function-first design and a commitment to sustainability. Every step of our technical product innovation is guided by our belief that performance is a feeling. Whether it’s racing towards gold or powering through the everyday, On as a brand is built to inspire. Because we believe incredible things happen when people move.
With our mission guiding us forward, we remain committed to our vision to be the most premium global sportswear brand. We believe this positioning has supported sustained strong financial momentum. For the fiscal years 2025, 2024, and 2023 we generated net sales of CHF 3,014.0 million, CHF 2,318.3 million, and CHF 1,792.1 million, respectively, representing 30.0% and 29.4% year-over-year growth.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $425.3M | $724.6M | $1.2B | $1.8B | $2.3B | $3.0B |
| Net income | -$27.5M | -$170.2M | $57.7M | $79.6M | $242.3M | $203.7M |
| Free cash flow | -$25.7M | -$7.7M | -$287.3M | $189.3M | $450.1M | $286.6M |
More on ONON.
- On Holding AG summary
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- On Holding AG health scores and style box
- On Holding AG earnings
- On Holding AG dividends
- On Holding AG valuation
- On Holding AG ownership and insiders
- On Holding AG peers
Figures from On Holding AG's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.