On (company)
| Company type | Public |
|---|---|
| NYSE: ONON | |
| Industry | |
| Founded | 2010 |
| Founders |
|
| Headquarters | Zürich, Switzerland |
Area served | Worldwide |
| Products | Athletic shoes |
| Revenue | CHF 2.32 billion (2024) |
| CHF 212 million (2024) | |
| CHF 242 million (2024) | |
| Total assets | CHF 2.38 billion (2024) |
| Total equity | CHF 1.39 billion (2024) |
Number of employees | 3,254 (2024) |
| Parent | On Holding AG |
| Website | on |
| Footnotes / references | |
On Holding AG is a Swiss athletic shoe and performance sportswear company that designs and markets sports clothing and running shoes.
In 2019, the company held 40% of the running shoe market in Switzerland and 10% in Germany. As of 2020, On products were sold in 6,000 retailers in 55 countries; the United States was its biggest single market, where it accounted for 6.6% of the performance running shoe category in the United States. Globally, On is estimated to have 2% of the athletic footwear market.
From January 2021 to March 2025, Marc Maurer and Martin Hoffmann jointly held the position of Co-Chief Executive Officers (Co-CEOs). Effective April 2025, Martin Hoffmann has assumed the sole CEO role following the departure of Marc Maurer. Martin Hoffmann held the role of Chief Financial Officer since joining the company in 2013. The company's founders remain actively involved: David Allemann and Caspar Coppetti serve as Executive Co-Chairmen. Olivier Bernhard focuses on product and innovation. In 2024, On reported sales of CHF 2.32 billion, marking a 29.4% increase compared to the previous year. The company's profit rose by 204.5% to CHF 242.3 million during the same period.