Leading clothing and accessory companies worldwide by average annual profit 2023

Published by Statista Research Department, Nov 26, 2024

This ranking from McKinsey depicts the largest fashion companies worldwide by average economic profit over the financial year 2023. In this time period, LVMH generated the highest profit of all the publicly listed apparel and accessory companies worldwide with an average economic profit of approximately 9.2 billion U.S. dollars.

Average economic profit of the leading fashion companies worldwide in 2023 (in million U.S. dollars)

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Release date

November 2024

Region

Worldwide

Survey time period

2023

Supplementary notes

The source defines economic profit as currency adjusted Net Operating Profit Less Adjusted Taxes (NOPLAT) minus capital charge (Weighted Average Cost of Capital, or WACC, multiplied by invested capital). Economic Profit reflects the economic value created by a company’s operating activities and investments.

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