Zalando (ZAL.DE) earnings: next date, last results and guidance
When is Zalando's next earnings date, and what were its last results?
Last results
- Sales€3.17billion+5 %
- Operating income€13.1million−73 %
Zalando's own figures for the quarter to September 2026. Growth is on a year earlier.
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Executive summary + 8 chapters · 20,202 words · 224 sources
Zalando guidance: what does it expect?
Management guides to 12%–14.5% GMV and revenue growth in FY2026, €680–€720 million of adjusted EBIT and €240–€300 million of capital spending. It targets €100 million of annual ABOUT YOU synergies by 2028. Its past promises score 2/5.
GMV growth
12.0%–14.5%Fiscal 2026 · given 3 November 2026
Revenue growth
12.0%–14.5%Fiscal 2026 · given 3 November 2026
GMV
19,700–20,150Fiscal 2026 · given 4 August 2026
Revenue
13,800–14,100Fiscal 2026 · given 4 August 2026
Guidance is management's forecast of what it expects to report, usually a range.
Did Zalando beat earnings? Its results against its own forecast
2/5Promises kept (our report)
Management’s forecasting record is mixed. Comparing initial forecasts with later results gives Zalando a 2/5 promises-kept score across the five checks. It cut all three forecasts in 2022 and both growth forecasts again in 2023, although the replacement 2025 forecast also reflected the acquisition of ABOUT YOU.
Gross Merchandise Volume (GMV) growth
- 1 above
- 1 inside
- 2 below
Revenue growth
- 1 above
- 1 inside
- 2 below
Adjusted EBIT
- 2 above
- 1 inside
- 1 below
Each dot is one of the last 4 years, from our report, against the range Zalando gave, not analysts' estimates.
What do Zalando’s last eight reported periods show?
In Q3 2026, revenue grew 5.1% and GMV grew 7.5%. Like-for-like revenue growth was 3.3%. Gross margin was 38.7%, operating income was €13.1 million and net income was a loss of €18.0 million. B2B adjusted EBIT reached €42.2 million, or 11.9% of revenue, helped by ZEOS. Consumer adjusted EBIT fell as sneaker offers and higher marketing spending reduced margins. Restructuring costs hurt reported earnings, partly offset by a building-impairment reversal.
What should you watch in Zalando’s next release?
Management expects some B2B margin benefits to fade and consumer gross margin to improve. Those are expectations, not established results. The next test is whether B2C can recover margin without losing promotional orders while B2B keeps enough scale to remain profitable.
Questions about Zalando (ZAL.DE) earnings
Are Zalando's latest earnings out?
Yes. Zalando has reported the quarter to September 2026.
Did Zalando beat its own forecast?
Over the last 4 years, its gross Merchandise Volume (GMV) growth came in above its own range once, inside it once and below it twice (our report).
Is Zalando expected to beat earnings?
Our report makes no call on that. Management's guidance: GMV growth, Fiscal 2026: 12.0%–14.5%. In the last 4 years, gross Merchandise Volume (GMV) growth came in above Zalando's own range once.
Where could Zalando stock be by 2029?
Our report's forecast is €45.01 a share by November 2029, from the €27.30 close of November 9, 2026. Zalando stock forecast →
More on Zalando (ZAL.DE)
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Zalando's own filings
This page gives the results. The report gives the reasons.
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How it is made: AI reads Zalando's filings, writes the report, checks the numbers against them and cites each source, 224 in this one. How we work · Corrections
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Information only, not investment advice. The next results date is an expectation until Zalando confirms it. Prices are those of the date shown.