On Holding AG (ONON)
| Market Cap | 11.05B -3.8% |
| Revenue (ttm) | 4.02B +16.7% |
| Net Income | 527.48M +96.3% |
| EPS | 1.61 +99.2% |
| Shares Out | 334.21M |
| PE Ratio | 20.57 |
| Forward PE | 17.28 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 11,752,487 |
| Open | 34.51 |
| Previous Close | 34.71 |
| Day's Range | 32.87 - 34.51 |
| 52-Week Range | 26.37 - 51.08 |
| Beta | 2.08 |
| Analysts | Buy |
| Price Target | 43.75 (+32.3%) |
| Earnings Date | Nov 10, 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 32 analysts, the average rating for ONON stock is "Buy." The 12-month stock price target is $43.75, which is an increase of 32.30% from the latest price.
News
On Holding AG put volume heavy and directionally bearish
Bearish flow noted in On Holding (ONON) AG with 2,172 puts trading, or 1.4x expected. Most active are Dec-26 32.5 puts and 11/13 weekly 28.5 puts, with total volume in…
On Holding price target lowered to $65 from $73 at UBS
UBS lowered the firm’s price target on On Holding (ONON) to $65 from $73 and keeps a Buy rating on the shares. On Holding posted solid execution in Q3 amid…
On Holding price target raised to $43 from $39 at Morgan Stanley
Morgan Stanley raised the firm’s price target on On Holding (ONON) to $43 from $39 and keeps an Overweight rating on the shares.
On Holding price target raised to $46 from $44 at JPMorgan
JPMorgan analyst Wendy Liu raised the firm’s price target on On Holding (ONON) to $46 from $44 and keeps an Overweight rating on the shares.
On Holding price target raised to $42 from $37 at KeyBanc
KeyBanc raised the firm’s price target on On Holding (ONON) to $42 from $37 and keeps an Overweight rating on the shares. The firm notes Q3 slightly beat estimates, mostly…
On Holding price target lowered to $42 from $44 at Barclays
Barclays analyst Adrienne Yih lowered the firm’s price target on On Holding (ONON) to $42 from $44 and keeps an Overweight rating on the shares post the Q3 report. On’s…
On Holding initiated with an Overweight at Cantor Fitzgerald
Cantor Fitzgerald analyst John Kernan initiated coverage of On Holding (ONON) with an Overweight rating and $46 price target
On Holding initiated with an Overweight at Cantor Fitzgerald
As previously reported, Cantor Fitzgerald initiated coverage of On Holding (ONON) with an Overweight rating and $46 price target On’s premium innovation and strong full-price sell-through support proj...
Tuesday's First Moves: RKLB Widens Loss, GTA VI Leads TTWO, ONON Earnings
Grand Theft Auto 6. It's the video game set to shake the industry, with Take-Two Interactive (TTWO) projecting preorders "well above our expectations.
On Holding AG Earnings Call Transcript: Q3 2026
Q3 sales reached a record CHF 931.4 million, with record underlying margins despite a promotional market. FY26 sales growth guidance was reiterated, while gross-margin guidance rose to ~66% excluding tariff refunds.
On Holding AG Earnings release: Q3 2026
On Holding AG released its Q3 2026 earnings on November 10, 2026, summarizing the period's financial results.
On Holding Logs Higher Profit, Sales
On Holding reported higher net income and sales in the third quarter, as the running shoe maker continued to protect full-price integrity in a promotional marketplace.
Sportswear brand On expects higher profit margin after strong quarterly sales
Sportswear brand On expects higher profit margin after strong quarterly sales
On Holding desiganted a bullish Fresh Pick at Baird
Baird designated On Holding (ONON) as a bullish Fresh Pick while maintaining its Outperform rating and $55 price target
On Holding initiated with an Overweight at Wells Fargo
Wells Fargo initiated coverage of On Holding (ONON) with an Overweight rating and $48 price target The company is positioned to reaccelerate growth into 2027, the analyst tells investors in…
On Holding price target raised to $35 from $33 at BMO Capital
BMO Capital raised the firm’s price target on On Holding (ONON) to $35 from $33 and keeps a Market Perform rating on the shares. The firm is forecasting a beat…
On to Release Third Quarter 2026 Results on Tuesday, November 10, 2026
ZURICH--(BUSINESS WIRE)--Swiss performance sportswear brand On (NYSE: ONON) announced today that the Company will release its third quarter 2026 financial results on Tuesday, November 10, 2026 before ...
On shares slump 4%: How Mbappe's joke on Mao triggered Tuesday's fall
Shares of On Holding AG ONON fell sharply Tuesday after soccer star Kylian Mbappe's comments sparked a backlash in China, raising concerns about the Swiss sportswear company's brand in a key growth ma...
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 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 AG Slides: FY 2026
On Holding AG has posted slides in relation to its FY 2026 quarterly earnings report, which was published on September 22, 2026.
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.