The company was founded in 1924 by Josef Fischer, Sr., a cartwright, in Ried im Innkreis, northeast of Salzburg, Austria. In addition to making wagons, he made an occasional pair of skis. By 1934, the company had significantly expanded it ski manufacturing, with 30 employees, and selling 2,000 pairs of handmade skis in the United States alone. Following the conclusion of World War II, Josef Fischer, Jr. became involved in the reconstruction of the company. In 1949, Fischer developed the first ski press to speed up production, which was still by hand. By 1956, the company employed 137 craftsmen, and was manufacturing 53,000 pairs of skis annually. In that year, Fischer adopted its three-triangle logo. In 1964, the company completed a new factory on the outskirts of town, featuring a state-of-the-art computerized sawmill. Fischer also introduces metal skis for the first time, on which Egon Zimmerman wins the downhill at the 1964 Winter Olympics. By 1967, the company had 775 employees, and produced 330,000 pairs of skis. The company has devoted considerable research efforts over the years to develop skis for racing, including alpine skiing, cross-country skiing, and skis for attempting the world speed record.

The bare facts of the 12l13 Nordic World Cup season speak for themselves: five of the seven large and eight of the thirteen small crystal globes are won by athletes of the Fischer Racing Team. In the Nordic disciplines 70% of the athletes make it to the podium with Fischer skis and 41% are also successful with Fischer boots. This means that Fischer is the most successful ski and boot brand in the World Cup for the fourth time in succession