ONON Stock — On Holding AG

On Holding AG (ONON)

Updated October 16, 2026.

ONON is a Stock. Total return is -0.7% over the past 5.1 years, 83.5 points behind SPY at 82.8%.

On Holding AG develops and distributes performance sports products under the On brand, offering athletic footwear, apparel, and accessories across running, outdoor, training, tennis, and other categories. The company sells through both wholesale channels—including specialty run retailers and sporting goods stores—and direct-to-consumer channels via owned retail locations and e-commerce platforms, serving markets across Europe, the Middle East, Africa, the Americas, and Asia-Pacific. This equity does not currently distribute dividends.

ONON performance versus SPY

Price and return data through 2026-10-16.

Total return is -0.7% over the past 5.1 years, 83.5 points behind SPY at 82.8%. Over the past year its total return — price change plus distributions reinvested — is -17.2%. Its deepest 1-year drawdown was 47.1%.

ONON key facts

Asset type

Stock

Asset class

Equity

Inception date

09/15/2021

Distribution frequency

None

Last close

$34.75 (as of 2026-10-16)

Market cap

$10,484,614,841

Average volume

10172521.0

Beta

2.077

Payout ratio

0.0%

P/E ratio

23.17

Forward P/E

15.8228

EPS

$1.50

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ONON risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 47.1%.

Who may consider ONON — and who may not

It is a weaker fit for investors who need monthly cash flow (ONON does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on ONON

• All tickers starting with O

Tagged: Consumer Discretionary.

Frequently asked questions