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Jacob & Co. Reported 132% Revenue Growth From 2020 to 2022—Here’s How It Expanded

Jacob & Co. reported 132% revenue growth from 2020 to 2022, alongside product and retail expansion. Here’s what those figures—and a later 2025 growth report—actually establish.
Estimate3–4 min Catalogued SpecialistWatchRanker Team

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Jacob & Co. reported revenue rising from $81 million in 2020 to $188 million in 2022, a company-reported increase of 132%. Its January 2023 announcement linked that growth to luxury-watch demand, product innovation, digital strategy and retail expansion. The figures describe 2020–2022; they do not establish the company’s revenue today.

What Jacob & Co. reported about revenue growth

In a January 30, 2023 announcement, Jacob & Co. reported revenue of $81 million in 2020, $137 million in 2021 and $188 million in 2022. The company characterized the 2020–2022 increase as 132%. These are company-reported figures, not an independently verified or audited revenue series. Jacob & Co.’s announcement also said luxury-watch revenue grew 106% over the same period.

The company attributed its results to demand for luxury watches and described digital strategy, product innovation and retail expansion as parts of its broader growth strategy. Those are management’s explanations; the announcement does not isolate how much each factor contributed.

Which products and customer demand did the company point to?

Jacob & Co. described a product mix that included both high-complication watches and more accessible, daily-wear pieces. It said sales of the Epic X and Epic X Chrono collections had increased five to ten times over the preceding couple of years. The announcement did not define the comparison period more precisely or present those collection figures as a share of total revenue.

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The company also reported Palatial sales of $200,000 in 2020 and $2 million in 2022. Separately, it said that by the fourth quarter of 2022 it had sold more than 200 Bugatti Chiron timepieces and 110 Opera Godfather watches. These are product-specific company claims, not measures of overall company revenue or current prices. The 2023 announcement contains the company’s figures and descriptions.

What retail expansion did Jacob & Co. announce?

The 2023 announcement said the company planned 13 additional boutiques and shop-in-shops during that year, which would bring its stated network to 94 locations in 34 countries. That was a plan and a projected network total at the time—not confirmation that all 13 openings occurred, or a current location count.

The company described activity through boutiques, shop-in-shops and retail partnerships. It cited India retailer Ethos, which it said represented the brand at 11 locations, and expansion with Watches of Switzerland in the United States. It also characterized the US, Dubai and Mexico as strong markets.

Markets named in the announcement included Singapore, London, Tokyo, Mumbai, New Delhi, the Caribbean, Dubai and Istanbul. For prospective 2023 openings, it listed Saudi Arabia, Hong Kong, Thailand, Austria, Australia, Kuwait, Albania, Bahrain, Andorra, Vietnam and Egypt. The list records the company’s plans at the time; it should not be read as a verified list of completed openings.

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What later reporting says about growth

A February 25, 2026 release from Jacob & Co. Japan says the Morgan Stanley Swiss Watcher report ranked the brand as the fastest-growing Swiss watch brand for 2025. The release attributes 14% sales growth and 24% unit growth to that report. These are percentages relayed by the company’s Japan release; the original report was not reviewed here, and the release does not provide a company-wide revenue total. Read the Japan release.

Sales growth and unit growth are not interchangeable with consolidated revenue. The 2025 figures therefore cannot be added to the 2020–2022 revenue series or used to calculate a current revenue figure. No consolidated revenue figures after 2022 are established by the sources cited here.

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How the Japan expansion fits in

A separate Jacob & Co. Japan release dated April 27, 2026 describes a Japan-market strategy centered on product-line expansion, the Ginza boutique and VIP customer experience. It says the company’s Japan activity had included media, special product displays and boutique experiences since 2022. This is the company’s account of its Japan market, not a count of its global locations. Read the Japan strategy release.

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