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OH

On Holding AG (ONON)

NYSE • Consumer Cyclical

$32.51
-$1.49 (-4.4%)
Market open

Last close at October 23, 2026 at 20:00 UTC

Open$33.13
Previous Close$32.51
Day Range$32.4 - $33.6
Avg. Volume (3M)9.6M
Market Cap$10.7B
P/E Ratio27.1
52 Week Range
$26.37$51.08
Next EarningsIn 17 daysNov 11, 2026

Metrics Over Time

Where the Money Goes

Q2 2026
Revenueeverything earned$850.3M100%
Gross Profitminus cost of goods$555.7M65%
Operating Incomeminus R&D and overhead$119.4M14%
Net Incomeminus taxes and the rest$105M12%

In plain terms: out of every $100 in revenue, On Holding AG keeps $12 as net profit.

Fundamentals & Financials

Revenue (TTM)
$3.2B
Net Income (TTM)
$398.6M
EPS (TTM)
$1.2
ROA (TTM)
12.29%
Current Ratio
2.83

TTM is calculated as the sum of the four most recently completed quarters. This is a standard approach when monthly or real-time data is not available.

Earnings

+19.2%Q1 2026$0.31
+39.6%Q2 2026$0.47
+4.7%Q3 2026$0.44
Next

Nov 11

in 17 daysQ4 2026

% — EPS deviation from the forecast (beat / miss); quarters without a forecast show the reported EPS

Latest report — Q3 2026
Beat +4.7%

On Holding’s adjusted EPS topped expectations in the second fiscal quarter of 2026, with results reported August 11, 2026, as adjusted EPS of CHF 0.44 topped the CHF 0.42 estimate (+4.7%). Revenue rose 13.5% to roughly CHF 850 million (up from about CHF 749 million a year ago), reflecting demand across its athletic footwear, apparel, and accessories offering. Profitability held at elevated levels, with gross margin near 65% and operating margin around 14%, translating into operating income of about CHF 119 million and gross profit of roughly CHF 556 million. Net income swung to a profit of about CHF 105 million from a loss a year ago, while operating cash flow came in at roughly CHF 226 million for the quarter. For the next period, consensus calls for EPS of CHF 0.47.

Next report — what to expect

On Holding AG (ONON) is set to report earnings on November 11, 2026. Wall Street is looking for consensus EPS of CHF 0.489 on consensus revenue of CHF 1.11 billion. For trailing context, revenue grew +13.5% year over year last quarter. ONON has beaten EPS in 6 of 8 most recent quarters.

View full earnings history

About On Holding AG

On Holding AG designs and sells performance-oriented consumer products centered on athletic footwear, apparel, and accessories. Listed on the NYSE under ONON, the company operates in the branded sportswear and footwear business and generated CHF 2.9 billion of revenue in FY2025.

Name
On Holding AG
CEO
David Allemann
Website
Industry
Consumer Cyclical
Year Founded
2010
Employees
3,963

Today's Snapshot

AI-generated

The day ended with ONON 4.4% lower at 32.51. On Holding was upgraded to Strong Buy by Wolfe Research, an analyst firm.

Trading Volume

Above 10d avg 8.8M

8.8M

vs S&P 500 Today

Strong Underperformance

-3.86%

Updated: October 23, 2026 at 20:27 UTC

Technical Indicators

1 Buy3 Neutral4 Sell
ONON is exhibiting a bearish technical profile as it trades around 32.51 while short and medium moving averages sit above the price and the classic pivot near 34.18 offers resistance. Trend strength is pronounced, with ADX reading in the mid-30s suggesting a meaningful directional bias, while momentum indicators are mixed to negative and MACD is neutral, pointing to limited upside momentum. Volatility is moderate as ATR remains around a dollar, and on-balance volume shows accumulation but hasn't offset the price weakness. Technical takeaway: Overall technicals favor a sell stance.
All signals
  • EMA (5 indicators)$32.44 - $36.52
    Sell
  • RSI (14)48.01
    Neutral
  • Stochastic %K (14, 3, 3)49.96
    Neutral
  • MACD Level (12, 26)1.08
    Neutral
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