LEVI on NYSE

Levi Strauss & Co.

Logo: Levi Strauss & Co., Public domain, via Wikimedia Commons5

American clothing company

Levi Strauss & Co. is an American clothing company known worldwide for its Levi's brand of denim jeans.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$6.3BRevenue, fiscal 20256
$578.1MNet income, fiscal 20256
1853Founded1

Compare with Under Armour, Gildan Activewear or Lululemon Athletica, or pick any stock.

  • TickerLEVI on NYSE1
  • Industryclothing industry, textile and clothing industry1
  • HeadquartersSan Francisco1
  • Founded inSan Francisco1
  • Websitewww.levi.com
  • Legal formDelaware corporation1
  • Slogan“Levi's”1
  • Incorporated inDE7
  • Business address1155 Battery St, San Francisco, Ca 941117
  • Filer categoryLarge accelerated filer7
  • LEIMB0UERO0RDFKU8258G774
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE PRENTICE-HALL CORPORATION SYSTEM, INC., 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 7661024
LevisOutletSouthEdmontonCommon
Photo: Rowanlovescars, CC BY-SA 4.0, via Wikimedia Commons9

Levi Strauss & Co. is an American clothing company known worldwide for its Levi's brand of denim jeans. It was founded in May 1853 when German-Jewish immigrant Levi Strauss moved from New York City, New York, to San Francisco, California, to open a West Coast branch of his brothers' New York dry goods business. The corporation is registered in Delaware and its headquarters is located in Levi's Plaza in San Francisco.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

61.7%Gross margin6
10.8%Operating margin6
9.2%Net margin6
4.1%Revenue growth, 20256
25.4%Return on equity6
0.46×Debt to equity6
$308.2MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Americas brought in 52% of the revenue Levi Strauss & Co. broke down this way in fiscal 2025.

  1. Americas$3.3B652%up 3% from 2024
  2. Europe$1.7B627%up 5% from 2024
  3. Asia$1.1B618%up 5% from 2024
  4. Other Brands$151.3M62%up 15% from 2024
Business segments by year
Business segments202320242025
Americas$3.1B$3.2B$3.3B
Europe$1.6B$1.6B$1.7B
Asia$1.1B$1.1B$1.1B
Other Brands$116.0M$131.1M$151.3M

Regions

Outside the United States brought in 57% of the revenue Levi Strauss & Co. broke down this way in fiscal 2025.

  1. Outside the United States$3.6B657%up 6% from 2024
  2. United States$2.7B643%up 2% from 2024
Regions by year
Regions202320242025
Outside the United States$3.3B$3.4B$3.6B
United States$2.5B$2.6B$2.7B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue38¢$2.4B
  • Selling, general and admin50¢$3.2B
  • Income tax2¢$132.0M
  • Profit9¢$578.1M

Out of $6.3B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending42¢$221.4M
  • Dividends paid40¢$212.9M
  • Share buybacks6¢$30.5M
  • Kept or used elsewhere12¢$64.8M

Out of $529.6M of cash from operations.6

Financial statements

Revenue10111213146$6.3B in 2025+13% since 2018
0$2.0B$4.0B$6.0B$8.0B2018: $5.6B$5.6B20182019: $5.8B$5.8B2019+3%2020: $4.5B$4.5B2020−23%2021: $5.8B$5.8B2021+29%2022: $6.2B$6.2B2022+7%2023: $5.8B$5.8B2023−5%2024: $6.0B$6.0B2024+3%2025: $6.3B$6.3B2025+4%
Gross profit10111213146$3.9B in 2025+29% since 2018
0$1.0B$2.0B$3.0B$4.0B2018: $3.0B$3.0B20182019: $3.1B$3.1B2019+3%2020: $2.4B$2.4B2020−24%2021: $3.3B$3.3B2021+42%2022: $3.5B$3.5B2022+6%2023: $3.4B$3.4B2023−5%2024: $3.7B$3.7B2024+9%2025: $3.9B$3.9B2025+6%
Operating income10111213146$677.6M in 2025+25% since 2018
-$200.0M0$200.0M$400.0M$600.0M$800.0M2018: $540.4M$540.4M20182019: $566.7M$566.7M2019+5%2020: -$85.1M-$85.1M20202021: $686.2M$686.2M20212022: $646.5M$646.5M2022−6%2023: $354.4M$354.4M2023−45%2024: $262.7M$262.7M2024−26%2025: $677.6M$677.6M2025+158%
Net income10111213146$578.1M in 2025+104% since 2018
-$200.0M0$200.0M$400.0M$600.0M2018: $283.1M$283.1M20182019: $394.6M$394.6M2019+39%2020: -$127.1M-$127.1M20202021: $553.5M$553.5M20212022: $569.1M$569.1M2022+3%2023: $249.6M$249.6M2023−56%2024: $210.6M$210.6M2024−16%2025: $578.1M$578.1M2025+175%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-11-302024-11-302023-11-30
Net revenues$6.3B$6.0B$5.8B
Cost of goods sold$2.4B$2.4B$2.5B
Gross profit$3.9B$3.7B$3.4B
Selling, general and administrative expenses$3.2B$3.1B$2.9B
Restructuring charges, net$24.5M$185.6M$20.3M
Goodwill and other intangible asset impairment charges$2.5M$116.9M$90.2M
Operating income$677.6M$262.7M$354.4M
Interest expense-$48.6M-$41.8M-$45.9M
Other income (expense), net$5.0M-$3.3M-$42.2M
Income from continuing operations before income taxes$634.0M$217.6M$266.3M
Income tax expense$132.0M$7.2M$15.7M
Net income from continuing operations$502.0M$210.4M$250.6M
Net income (loss) from discontinued operations, net of taxes$76.1M$200.0K-$1.0M
Net income$578.1M$210.6M$249.6M
Continuing operations - Basic (usd per share)$1$1$1
Discontinued operations - Basic (usd per share)$0$0$0
Net income - Basic (usd per share)$1.46$0.53$0.63
Continuing operations - Diluted (usd per share)$1$1$1
Discontinued operations - Diluted (usd per share)$0$0$0
Net income - Diluted (usd per share)$1.45$0.52$0.62
Basic (in shares)395.5M shares398.2M shares397.2M shares
Diluted (in shares)399.7M shares402.4M shares401.7M shares

Compare Levi Strauss & Co. with another company

The story

Founded by Levi Strauss in 1853, in San Francisco.1

Origin and formation (1853–1890s)

In 1858, the company was listed as Strauss, Levi (David Stern & Lewis Strauss) importers clothing, etc. 63 & 65 Sacramento St. (today, on the current grounds of the 353 Sacramento Street Lobby) in the San Francisco Directory with Strauss serving as its sales manager and his brother-in-law, David Stern, as its manager.

Jacob Davis, a Latvian-Jewish immigrant, was a Reno, Nevada tailor who frequently purchased bolts of denim cloth from Levi Strauss & Co.'s wholesale house. After one of Davis's customers kept purchasing cloth to reinforce torn pants, he thought of using copper rivets to reinforce points of strain, such as on pocket corners and the base of the button fly. Davis lacked sufficient funds to obtain a patent, so he wrote to Strauss proposing a business partnership. After Strauss accepted Davis's offer, the two men received U.S. patent 139,121 from the United States Patent and Trademark Office on May 20, 1873. The copper rivet was incorporated into the company's jean design and advertisements. In 1890, the rivet patent entered the public domain; the same year, lot numbers were assigned to company products, and "501" was used to designate the famous copper-riveted waist overalls. The company lost its records in the 1906 earthquake and there is no information on why that number was chosen.

Growth in popularity (1910s–1960s)

Between the 1950s and 1980s, Levi's jeans became popular among a wide range of youth subcultures, including greasers, mods, rockers, and hippies. Levi's popular shrink-to-fit 501s were sold as labeled, sized as manufactured, and had substantial shrinkage upon laundering. Although popular lore (abetted by company marketing) holds that the original design remains unaltered, the crotch rivet, watch pocket rivets, and waist cinch were removed during World War II to conform with War Production Board metal conservation rules and only the watch pocket rivets restored after. Additionally, the back pocket rivets, which had been covered in denim since 1937 to prevent scratching furniture, were removed in the 1950s (and replaced by bar tacks) as they eventually wore through and caused the problem anyway.

Blue jeans era (1960s–1980s)

Levi's, under the leadership of Walter Haas, Peter Haas Sr., Paul Glasco, and George P. Simpkins Sr., expanded the firm's clothing line by adding new fashions and models, such as "stone-washed" jeans through the acquisition of Great Western Garment Co. (GWG), a Canadian clothing manufacturer, a technique still in use by Levi Strauss. Simpkins is credited with the company's record-paced expansion of its manufacturing capacity from 16 plants to more than 63 in the US – and 23 overseas – from 1964 to 1974.

The Dockers brand, launched in 1986 and sold primarily through department store chains, helped the company grow through the mid-1990s, as denim sales began to wane. Dockers were introduced into Europe in 1996 and led by CEO Jorge Bardina. Levi Strauss attempted to sell the Dockers division in 2004 to relieve part of the company's $2.6 billion outstanding debt. In February 2026, the company sold Dockers to brand management firm Authentic Brands Group for $311 million.

Brand competition (1990s)

In 1991, Levi Strauss became implicated in a scandal involving pants made in the Northern Mariana Islands: some 3% of Levi's jeans sold annually with the "Made in the USA" label were shown to have been made by Chinese laborers under what the U.S. Department of Labor called slave-like conditions. As of 2016, only a few of the costlier higher-end styles are made domestically.

Cited for sub-minimum wages, seven-day work weeks with 12-hour shifts, poor living conditions, and other workplace abuses, Tan Holdings Corporation, Levi Strauss' Marianas subcontractor, paid what were then the largest fines in US labor history, distributing more than $9 million in restitution to some 1,200 employees. Levi Strauss claimed no knowledge of the offenses, severed ties to the Tan family, and instituted labor reforms and inspection practices in its offshore facilities.

The activist group Fuerza Unida (United Force) formed following the January 1990 closure of a plant in San Antonio, Texas, in which 1,150 seamstresses – some of whom had worked for Levi Strauss for decades – saw their jobs exported to Costa Rica. During the mid- and late 1990s, Fuerza Unida picketed the Levi Strauss headquarters in San Francisco and staged hunger strikes and sit-ins in protest of the company's labor policies.

Read the full text

The company took on multibillion-dollar debt in February 1996 to help finance a series of private leveraged stock buyouts among family members determined to consolidate the company under their ownership. At the time, shares in Levi Strauss stock were not publicly traded. As of 2016, the firm was owned almost entirely by indirect descendants and collateral relatives of Levi Strauss, whose four nephews inherited the San Francisco dry-goods firm after their uncle died in 1902. The corporation's bonds are traded publicly, as are shares of the company's Japanese affiliate, Levi Strauss Japan K.K.

In June 1996, the company offered to pay its workers an unusual dividend of up to $750 million in six years, having halted an employee-stock plan during the internal family buyout. However, the company failed to make cash-flow targets, and no worker dividends were paid.

Later developments (2000–present)

In 2002, Levi Strauss began a close business collaboration with Walmart, producing a line of "Signature" jeans and other clothes for sale only in Walmart stores until 2006.

In 2002, the company closed its Valencia Street plant in San Francisco, which opened in 1906. By the end of 2003, the closure of Levi's last U.S. factory in San Antonio ended 150 years of jeans made in the United States. Production of a few higher-end, more expensive styles of jeans resumed in the U.S. several years later. Levi Strauss closed several factories worldwide and took control of GWG's operations. Attempts to make the GWG brand profitable again were unsuccessful, and the Edmonton GWG factory, along with all remaining Levi Strauss factories in North America, closed in 2004.

By 2007, Levi Strauss was again profitable after declining sales in nine of the previous ten years. Its total annual sales of just over $4 billion were $3 billion less than during its peak performance in the mid-1990s.

As of 2007, Levi Strauss leads the apparel industry in trademark infringement cases, filing nearly 100 lawsuits against competitors over six years from 2001. Most cases center on the alleged imitation of Levi's back pocket double arc stitching pattern (U.S. trademark No. 1,139,254), which Levi's filed for a trademark in 1978. Levi's has successfully sued Guess, Polo Ralph Lauren, Esprit Holdings, Zegna, Zumiez, and Lucky Brand Jeans, among other companies.

In 2010, the company partnered with Filson, an outdoor goods manufacturer in Seattle, to produce a high-end line of jackets and workwear.

In 2011, the firm hired Chip Bergh as the president and chief executive of the brand. In that same year, it established more than 20 different waterless manufacturing techniques, reducing the exceptionally high amounts of water used to create denim. Levi's is now the world's most sustainable brand of jeans in terms of water usage.

On May 8, 2013, the NFL's San Francisco 49ers announced that Levi Strauss & Co. had purchased the naming rights to its new stadium in Santa Clara, California. The naming rights deal called for Levi's to pay $220.3 million to the city of Santa Clara and the 49ers over 20 years, with an option to extend the agreement for another five years for around $75 million.

On July 13, 2017, Levi Strauss heir Bill Goldman died in a private plane crash near Sonoma, California.

In 2017, Levi Strauss & Co. released a "smart jacket", an apparel it developed in partnership with Google. After two years of collaboration, the result was a denim jacket set at $350.

In March 2019, Levi's debuted on the New York Stock Exchange under the ticker "LEVI". Levi Strauss was valued at $6.6 billion, with its IPO priced above the target. The first hemp jeans from Levi's were manufactured in March 2019.

In September 2019, Levi's won a final judgment on a trademark infringement in Guangzhou, China. The case centered on the "arcuate design on two pockets at the back of jeans", which has been protected in China since its registration there in 2005. The company won damages and costs in addition to a ban on future infringements. The infringer's ignorance of the trademark was no bar to punishment.

In 2019, Levi's became one of only two major clothing companies with commitments in line with the Paris Agreement's goal of limiting global average temperature increase to 1.5 degrees Celsius.

In 2020, Levi Strauss & Co. was expected to have completely replaced chemical usage as well as using lasers to cut, and design ripped parts of jeans. In December 2019, the Engage for Good (formerly Cause Marketing Forum) organization awarded the company the Golden Halo Award for 2020 for its advancements in corporate social impact.

On August 5, 2021, Levi Strauss & Co. announced the acquisition of Beyond Yoga, entering the activewear market. They expect the acquisition will contribute more than $100 million in net revenue per year. It was announced senior executives are to speak with AI expert Blake Van Leer at the LA eCommerce Summit about its digital strategies and AI in 2023. It was announced in January 2023 that Levi would begin accepting old pairs of jeans to recycle into more denim in a campaign to go green. Levi's Autumn/Winter 2023 WellThread capsule aimed to show the brand's engagement to sustainability as it included items made from 100% transitional cotton as well as plant-based natural dyes.

From Wikipedia’s article on Levi Strauss & Co., shared under CC BY-SA 4.0.8

Leadership

Who has led Levi Strauss & Co., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (31)

Products and brands

  • denim
  • jeans

Listed on Wikidata.1

As of 2019, Levi's are made in many developing countries, including Bangladesh, India, Egypt, Lesotho, Sri Lanka, Vietnam, Indonesia, and Mexico. Some top-end styles in the "Levi's Premium" and "Levi's Vintage Clothing" lines are produced in the United States.

In addition to jeans, Levi's sells a full line of shirts, jackets, sweaters, underwear, socks, eyeglasses, accessories, dresses, skirts, and leather products. All jeans and pants are categorized by fit – skinny, slim, straight, bootcut, taper, relaxed, flare, and "big & tall" – identified by trademarked three-digit numbers. The 501, the company's original modern design, is available in styles for both men and women. The rest of the 500 series is designed for men, and the 300, 400, 700, and 800 series for women.

From Wikipedia’s article on Levi Strauss & Co., shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Also owns

From Wikidata.1

Timeline

  1. Jan 30, 2024New chief executive Michelle Gass becomes CEO19
  2. Mar 20, 2019New chief executive Charles Bergh V. becomes CEO20
  3. Mar 2019Went public Listed on NYSE1
  4. 1853Founded Founded in San Francisco1

Filings

816 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 59 major events, 589 insider forms, 69 large holders, 78 other. The latest 20:

  1. Oct 15, 2026SCHEDULE 13G/A EDGAR
  2. Oct 7, 20268-K EDGAR
  3. Oct 7, 202610-Q EDGAR
  4. Oct 5, 20264 EDGAR
  5. Sep 30, 20268-K CURRENT REPORT EDGAR
  6. Aug 18, 20268-K EDGAR
  7. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  8. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  9. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  10. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  11. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  12. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  13. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  14. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  15. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  16. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  17. Aug 7, 20268-K CURRENT REPORT EDGAR
  18. Jul 31, 2026SCHEDULE 13G/A EDGAR
  19. Jul 31, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  20. Jul 24, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR

The 816 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

94 open-market trades by officers, directors and large owners since October 2021: 1 buys and 93 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 23, 2026Singh Harmit JEVP & Chief Fin. & Growth Ofc.Sale98,144$24.22$2.4MForm 4
Jun 12, 2026Haas Robert D.10% ownerSale202,135$24.02$4.9MForm 4
Jun 11, 2026Haas Robert D.10% ownerSale488,851$24.11$11.8MForm 4
Jun 11, 2026Peter E. Haas Jr. Family Fund10% ownerSale145,662$24.01$3.5MForm 4
Jun 11, 2026Haas Margaret E.10% ownerSale47,721$24.01$1.1MForm 4
Jun 10, 2026Haas Robert D.10% ownerSale3,182$24.00$76.4KForm 4
Jun 3, 2026Jedrzejek DavidSVP and General CounselSale336$22.82$7.7KForm 4
May 27, 2026Haas Robert D.10% ownerSale5,832$24.00$140.0KForm 4
May 27, 2026Haas Margaret E.10% ownerSale2,279$24.01$54.7KForm 4
May 27, 2026Peter E. Haas Jr. Family Fund10% ownerSale4,338$24.00$104.1KForm 4
May 26, 2026Haas Robert D.10% ownerSale192,451$22.68$4.4MForm 4
May 22, 2026Haas Robert D.10% ownerSale176,549$22.01$3.9MForm 4
May 21, 2026Haas Robert D.10% ownerSale31,000$22.00$682.1KForm 4
May 18, 2026Haas Robert D.10% ownerSale100,000$21.13$2.1MForm 4
May 6, 2026Hillman KarynEVP and Chief Product OfficerSale38,938$22.91$892.1KForm 4
Apr 21, 2026Singh Harmit JEVP & Chief Fin. & Growth Ofc.Sale121,767$23.52$2.9MForm 4
Apr 20, 2026Singh Harmit JEVP & Chief Fin. & Growth Ofc.Sale110,000$23.00$2.5MForm 4
Feb 12, 2026Gowans JasonSale40,000$21.83$873.3KForm 4
Feb 3, 2026Jedrzejek DavidSVP and General CounselSale2,248$19.60$44.1KForm 4
Jan 27, 2026Jedrzejek DavidSVP and General CounselSale7,093$21.38$151.6KForm 4

All 94 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Jpmorgan Chase & Co6,920,808$169.5M0.0%−55,664
Bank of New York Mellon Corp4,850,839$120.4M0.0%+10,978
Vanguard Capital Management LLC4,124,300$102.4M0.0%−176,044
Vanguard Portfolio Management LLC3,979,340$98.8M0.0%−108,188
Two Sigma Investments, LP3,230,070$80.2M0.1%+51,040
BlackRock, Inc.2,801,209$69.6M0.0%−593,289
Eastern Bank2,450,806$60.9M0.9%New
Citadel Advisors LLC2,348,038$58.3M0.0%+614,470
Wellington Management Group Llp2,219,151$55.1M0.0%−1,214,642
Morgan Stanley2,127,020$52.8M0.0%+542,155
Dimensional Fund Advisors LP1,958,174$48.6M0.0%+109,160
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC1,776,289$44.1M0.0%−63,683
Ameriprise Financial Inc1,771,017$44.0M0.0%+1,202,468
Manufacturers Life Insurance Company, The1,644,561$40.8M0.0%+7,827
Goldman Sachs Group Inc1,419,649$35.2M0.0%−2,394,466
Oberweis Asset Management Inc/1,358,100$33.7M0.7%+190,800
Swedbank AB1,341,200$33.3M0.0%No change
Geode Capital Management, LLC1,238,086$30.8M0.0%−58,898
Fmr LLC1,207,646$30.0M0.0%+1,137,009
Allspring Global Investments Holdings, LLC1,138,535$27.9M0.0%−186,721
Fisher Asset Management, LLC1,114,918$27.7M0.0%+139
Bragg Financial Advisors, Inc1,032,963$25.6M0.7%+81,257
Charles Schwab Investment Management Inc1,015,041$25.2M0.0%−52,276
Renaissance Technologies LLC1,011,000$25.1M0.0%New
State Street Corp983,097$24.4M0.0%+69,437

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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