Watches of Switzerland FY26 profit before tax rises 76% to £133 million; revenue increases 11% to £1.83 billion

  • Watches of Switzerland posted FY26 statutory profit before tax of £133 million, more than doubled from the prior year, on revenue up 11% to £1.83 billion.
  • Operating profit climbed 49% to £170 million; statutory basic EPS rose 87% to 42.6p.
  • Adjusted EBIT increased 3% to £155 million, with the margin narrowing 0.6 percentage points to 8.5%.
  • US revenue rose 18% to £927 million, overtaking the UK where revenue increased 5% to £901 million.
  • FY27 guidance was reaffirmed for revenue growth of 5%-10% and adjusted EBIT margin expansion of 0.4-0.8 percentage points, with an encouraging start to the year.


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