Ermenegildo Zegna (ZGN) Financial Statements & Analysis

Ermenegildo Zegna (ZGN) Income Statement

Ermenegildo Zegna reported revenue of EUR 1.92B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 1.5% from EUR 1.95B a year earlier. Net income was EUR 208.07M, up 169.9% year over year, a net margin of 10.9%. Gross margin was 67.5% and operating margin 7.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was EUR 1.00B, up 7.9% from the same quarter a year earlier.

Ermenegildo Zegna Income Statement Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Ermenegildo Zegna N.V. income statement - Annual data in billions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Mar 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	1.92	1.95	1.90	1.90	1.49	1.49	1.29	1.29	1.02	1.32	1.18
Cost of Revenue	0.62	0.65	0.68	0.68	0.56	0.56	0.49	0.50	0.48	0.39	0.30
Gross Profit	1.29	1.30	1.22	1.22	0.93	0.74	0.80	0.80	0.54	0.78	0.73
Operating Expenses
Research & Development	0.00	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Selling, General & Administrative	1.13	1.13	1.02	1.02	0.76	0.76	0.89	0.89	0.51	0.64	0.61
Operating Expenses	1.15	1.13	1.02	1.02	0.78	0.60	0.89	0.89	0.56	0.69	0.63
Operating Income	0.14	0.17	0.21	0.21	0.15	0.15	-0.09	-0.09	-0.02	0.09	0.09
Other Income/Expense
Interest Income	0.04	0.00	0.01	0.00	0.00	0.02	0.00	0.00	0.00	0.01	0.01
Interest Expense	0.04	0.04	0.03	0.03	0.02	-0.02	0.01	0.01	0.02	0.02	0.02
Other Income/Expense	0.00	-0.01	-0.04	-0.01	-0.05	-0.05	0.00	0.00	-0.01	-0.02	-0.02
Income
Income Before Tax	0.14	0.13	0.17	0.17	0.10	0.10	-0.10	-0.10	-0.03	0.07	0.07
Income Tax Expense	0.03	0.04	0.03	0.03	0.04	0.04	0.03	0.03	0.01	0.04	0.03
Net Income	0.21	0.08	0.12	0.12	0.05	0.07	-0.14	-0.14	-0.05	0.02	0.04
Net Income - Continuous Operations	0.09	0.09	0.12	0.14	0.05	0.07	-0.14	-0.13	-0.05	0.02	0.04
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-
EBITDA	0.24	0.41	0.39	0.39	0.34	0.34	0.07	0.07	0.15	0.27	0.25
EBIT	0.16	0.17	-	0.20	-	0.16	-	-0.08	0.00	-	-
Depreciation & Amortization	0.24	0.24	0.19	0.19	0.17	0.17	0.15	0.15	0.17	0.18	0.16
Earnings Per Share
Basic EPS	-	-	-	-	-	-	-1.00	-1.00	-	-	-
Diluted EPS	-	-	-	-	-	-	-1.00	-1.00	-	-	-
Basic Shares Outstanding	0.26	0.25	0.25	0.25	0.24	0.24	0.20	0.20	0.22	0.24	0.24
Diluted Shares Outstanding	0.26	0.25	0.25	0.25	0.24	0.24	0.20	0.20	0.22	0.24	0.24

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ermenegildo Zegna Financial Statements

What was Ermenegildo Zegna's revenue in fiscal 2025?

Ermenegildo Zegna reported revenue of EUR 1.92B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 1.5% from EUR 1.95B a year earlier.

Is Ermenegildo Zegna profitable?

Yes. Ermenegildo Zegna earned net income of EUR 208.07M in fiscal 2025, a net margin of 10.9%. In fiscal 2024 it earned EUR 77.08M.

What is Ermenegildo Zegna's operating margin?

Ermenegildo Zegna's operating income was EUR 139.48M on revenue of EUR 1.92B in fiscal 2025, an operating margin of 7.3%, compared with 8.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition