On Holding reported robust Q3 2025 results, with net sales increasing 24.9% YoY to 794.4 million Swiss francs ($882 million). Constant-currency growth was 34.5%. The company achieved a record gross margin of 65.7%, up 5.1 percentage points, and a net profit margin of 15%. Regional performance was led by the Asia-Pacific region, where sales grew 109.2% to 144 million Swiss francs ($160 million), marking the fourth consecutive quarter of triple-digit growth. Buoyed by these results, On raised its full-year 2025 guidance. The company now expects constant-currency net sales growth of approximately 34% to around 2.98 billion Swiss francs ($3.31 billion) and a gross margin of around 62.5%.