On Holding AG (ONON)
| Market Cap | 11.76B -14.6% |
| Revenue (ttm) | 3.99B +18.5% |
| Net Income | 490.35M +191.5% |
| EPS | 1.47 +188.8% |
| Shares Out | 334.21M |
| PE Ratio | 24.02 |
| Forward PE | 19.05 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 9,540,656 |
| Open | 35.85 |
| Previous Close | 35.50 |
| Day's Range | 34.88 - 36.08 |
| 52-Week Range | 26.37 - 51.08 |
| Beta | 2.08 |
| Analysts | Buy |
| Price Target | 43.30 (+23.05%) |
| Est. Earnings | Nov 11, 2026 |
About ONON
On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run spe... [Read more]
Financial Performance
In 2025, On Holding AG's revenue was 3.01 billion, an increase of 30.01% compared to the previous year's 2.32 billion. Earnings were 203.70 million, a decrease of -15.93%.
Financial numbers in CHF Financial StatementsAnalyst Summary
According to 31 analysts, the average rating for ONON stock is "Buy." The 12-month stock price target is $43.3, which is an increase of 23.05% from the latest price.
News
On Holding AG put volume heavy and directionally bearish
Bearish flow noted in On Holding (ONON) AG with 4,661 puts trading, or 1.1x expected. Most active are Mar-27 27.5 puts and 10/23 weekly 36 puts, with total volume in…
On Holding price target raised to $44 from $41 at JPMorgan
JPMorgan raised the firm’s price target on On Holding (ONON) to $44 from $41 and keeps an Overweight rating on the shares.
On Holding Stock Gets Sell Rating as Jefferies Calls 2029 Goals Too Ambitious
Premium athletic brand On Holding ($ONON) has rallied by 12% over four sessions after setting ambitious 2029 targets. Nevertheless, Jefferies still sees major downside. Indeed, analyst Randal Konik ke...
On Holding price target raised to $33 from $28 at BMO Capital
BMO Capital raised the firm’s price target on On Holding (ONON) to $33 from $28 and keeps a Market Perform rating on the shares after the company laid out its…
On Holding price target raised to $44 from $42 at Barclays
Barclays analyst Adrienne Yih raised the firm’s price target on On Holding (ONON) to $44 from $42 and keeps an Overweight rating on the shares following the investor day. The…
On Holding price target raised to $40 from $37 at Needham
Needham raised the firm’s price target on On Holding (ONON) to $40 from $37 and keeps a Buy rating on the shares. Amid a challenging athleticwear environment, On provided a…
On Holding stock gains 8% as sportswear maker targets 2029 growth
On Holding stock ONON rose 8% on Tuesday after the Swiss sportswear company authorised its first share buyback, worth up to $1 billion through the end of 2029, and unveiled long-term financial targets...
On Holding up 7% in pre-market at $29.12 after above-consensus outlook, buyback
Shares of On Holding (ONON) are up $1.82 or about 7% in pre-market after the company issued above consensus outlook for its Q3 and 2026 as part of its Investor…
On Holding AG Transcript: Investor Day 2026
A bold 2029 roadmap targets $7B in revenue, >65% gross margin, and >22% EBITDA margin, driven by disruptive innovation, expansion into new sports like football and golf, and a premium, consumer-centric playbook. Retail will double, apparel will triple, and a $1B share buyback is planned.
On Holding AG Press release: FY 2026
On Holding AG issued a press release on September 22, 2026, disclosing material business information to investors.
On Holding authorizes share repurchase of up to $1B through 2029
On Holding (ONON) has received authorization from its Board of Directors in September, 2026 to repurchase up to an aggregate of $1B of its Class A Ordinary shares through the…
On Holding signs Kylian Mbappé in a 10-year partnership
Real Madrid and France striker Kylian Mbappé has ended his 20-year partnership with Nike to become the face of Swiss sportswear brand On's push into football. The company announced that it will work w...
Switzerland's On Holding plans $1 bln buyback through 2029, sets long-term targets
On Holding has authorised a share repurchase programme of up to $1 billion through the end of 2029, the Swiss sportswear brand said on Tuesday, as it announced long-term financial targets, betting o...
Mbappe boosts On's brand visibility, but hurdles to soccer success remain
On Holding made a splashy entry into soccer on Friday by signing French star Kylian Mbappe, a move that raised the Swiss running shoe brand's profile as it pushes into the sport.
Kylian Mbappé leaves Nike to join Swiss sportswear giant On
French soccer star Kylian Mbappé has ended his long-term partnership with Nike to join Swiss sportswear giant On.
Nike chose not to renew deal with Mbappe, CNBC reports
French soccer star Kylian Mbappe is leaving Nike (NKE) for Swiss sportswear company On (ONON), CNBC’s Jessica Golden reports. According to a source familiar with the matter, Nike chose not…
On Stock Rises After Kylian Mbappé Leaves Nike for Equity Deal
Shares of Swiss sportswear company On Holding ($ONON) are up in today’s trading after signing football (soccer) star Kylian Mbappé, according to MT Newswires. The Real Madrid forward is leaving…
On Holdings New Partner; Netflix Analyst Downgrade | Stock Movers
On this episode of Stock Movers: - On Holding (ONON) is higher after it signed Kylian Mbappé as a partner in developing football products and representing the brand. The move marks On mounting a bold ...
Soccer Star Mbappé Leaves Nike to Sign With On
French soccer superstar Kylian Mbappé is leaving Nike to sign with Swiss sneaker company On. The 27-year-old striker is the World Cup's all-time goal leader.
On Holding Stock Jumps as Swiss Sneaker Company ‘Enters Football' With Mbappé, Henry
On Holding stock has struggled mightily this year. The company scored a win Friday—though it's yet to revive the shares.
Soccer Star Mbappé Chooses On Holding Over Nike, Sending Stocks in Opposite Directions
On Holding stock rises while Nike stock declines as Kylian Mbappé joins the Swiss footwear and sports apparel company.
Mbappe leaves Nike, signs with On as Swiss sportswear maker forays into soccer
French soccer star Kylian Mbappe has ended a two-decade partnership with Nike to join fast-growing Swiss sportswear brand On, giving the Roger Federer-backed company a marquee name for its push into s...
On Holding's Aversion to Discounting Faces Test; America's Bleak Debt Picture
Good morning. Sportswear company On Holding has a long-standing practice of avoiding discounts for its shoes and apparel, which are popular with fashionable consumers (including my wife) and athletes ...
On Holding's Aversion to Discounting Tested by Softer Retail Sales
The premium sportswear company's long-held stance of no discounts is up against a more promotional retail environment.