Patek Philippe posts record UK sales, but operating profit falls

Patek Philippe Nautilus. The brand's UK subsidiary sold £301 million in the financial year ended 31 January 2026. © Patek Philippe

The accounts of Patek Philippe's UK subsidiary, reported by WatchPro on 30 October, show sales of £301 million in the financial year ended 31 January 2026, up 11% on the previous year. Operating profit fell 9.4% to £22.1 million and is 27.5% below the peak of £30.5 million reached in the financial year ended January 2023.

The company's own boutique on Bond Street, in London, grew well ahead of the whole: sales of £106 million, up 28.1%, and operating profit of £12.6 million, up 24.8%. The boutique's operating margin is 12%, against 7% for the wholesale and retail business combined.

WatchPro compares these figures with those of Rolex in the UK, including Tudor, with sales of £736.7 million in 2025 and operating profit of £87.1 million, down 10.4%, and with Audemars Piguet, with sales of £105 million, up 29%.

Find out more on the brand's website.