Zalando stock gains 1.03 percent on 20.8 percent revenue growth

Zalando stock gained 1.03 percent to EUR 22.58 on Xetra on September 24, 2026, as the fashion platform's Q2 revenue growth reached 20.8 percent year over year. The quarterly figures show faster sales expansion alongside a lower adjusted EBIT margin, making profitability the key counterweight to growth.

Revenue growth reaches 20.8 percent

According to Capital.com, Zalando reported Q2 2026 revenue of EUR 3.42 billion, up 20.8 percent from the prior-year quarter. Gross merchandise volume rose 20.7 percent to EUR 4.92 billion, while B2B revenue increased 27.6 percent to EUR 334.7 million.

The integration of ABOUT YOU contributed more than EUR 10 million in quarterly synergies, according to the same Q2 account. That combination gives the revenue increase a broader base than consumer demand alone, because B2B services and integration benefits are contributing alongside online retail.

Margin falls to 6.0 percent

Adjusted EBIT rose 10.4 percent to EUR 204.8 million in Q2 2026, but the adjusted EBIT margin declined from 6.5 percent to 6.0 percent. Net income was EUR 73.8 million, down from EUR 96.6 million in the comparable quarter, according to Capital.com.

Zalando retained its full-year adjusted EBIT guidance of EUR 550 million to EUR 600 million and expects GMV and revenue growth in the lower half of its previous 12 percent to 17 percent range. The next scheduled checkpoint is the Q3 report on November 3, 2026.

Analyst target remains EUR 28

RBC Capital Markets retained its Outperform rating and EUR 28 price target on August 25, 2026, according to finanzen.net. The target is EUR 5.42 above the September 24 Xetra price, a gap of 24.0 percent, while the share remains below its 52-week high of EUR 30.43.

Stock trades below yearly high

Zalando traded at EUR 22.58 on Xetra on September 24, 2026, at 3:25 p.m. CEST, up EUR 0.23 or 1.03 percent from the previous close. Its 52-week range was EUR 18.61 to EUR 30.43, and market capitalization stood at EUR 5,514,547,618 on the same date.