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OH

On Holding AG (ONON)

NYSEConsumer Cyclical

$26.84
-$0.42 (-1.6%)
Market closed

Last close at September 9, 2026 at 20:00 UTC

Open$26.89
Day Range$26.82 - $27.88
Avg. Volume (3M)8.2M
Market Cap$8.9B
P/E Ratio22.4
52 Week Range
$26.82$51.08
Next EarningsIn 62 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)
$398M
EPS (TTM)
$1.2
ROA (TTM)
12.28%
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 62 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.

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

ONON closed 1.6% lower at 26.84. Morgan Stanley, an investment bank, resumed coverage and said On Holding shares should outperform.

Trading Volume

Above 10d avg 6.8M

9.1M

vs S&P 500 Today

Underperforming Market

-1.10%

Updated: September 10, 2026 at 12:12 UTC

Technical Indicators

2 Buy0 Neutral6 Sell
ONON is showing clear downside conviction: the ADX is elevated near 33, indicating a strong trend while momentum measures are mixed, with an oversold RSI around 27 and a bearish MACD level, suggesting downward bias. The stock trades well below its key moving averages, notably under the 200‑day area in the high 30s, and on‑balance volume is deeply negative, reinforcing distribution. Volatility is moderate with an ATR near $1.11 (about 4%), and the classic pivot sits slightly above the market, offering nearby resistance. Technical takeaway: Strong Sell — strong trend with negative momentum and weak volume reinforce the sell stance.
All signals
  • EMA (5 indicators)$28.22 - $38.20
    Sell
  • RSI (14)27.43
    Buy
  • Stochastic %K (14, 3, 3)4.87
    Buy
  • MACD Level (12, 26)-2.01
    Sell
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