Athletic footwear and apparel brand On has reported sales revenue of 831.9 Swiss francs (CHF) for the first three months of 2026, an increase of 14.5% compared to the first quarter of last year.

On’s full-year sales for 2025 reached CHF 3 billion, which represented a record for the Zurich-based company and annual growth of 30%.

For this most recent quarter, it said it had achieved growth of more than 40% in Asia, “supported by standout momentum in China and South Korea”.

Its apparel business grew by more than 45% compared to the first quarter of 2025.

Founder and co-chief executive, Caspar Coppetti, said it had been “an outstanding start to the year”. 

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