Ermenegildo Zegna N.V. income statement

In fiscal 2025, Ermenegildo Zegna N.V. reported revenue of $2.17bn, up 2.9% on the year before, operating income of $158m (a 7.3% margin) and net income of $111m, or $0.43 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ermenegildo Zegna N.V.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	1,479	1,158	1,529	1,573	2,060	2,106	2,167
Cost of revenue	—	—	586	595	736	703	704
Gross profit	—	—	943	978	1,324	1,403	1,463
Operating income	99	−26	−111	156	225	181	158
Interest expense	13	12	11	10	18	26	31
Income before tax	78	−36	−115	106	183	141	158
Income tax	49	17	36	38	36	43	35
Net income	24	−58	−161	54	131	83	111
Diluted EPS	$0.12	−$0.29	−$0.79	$0.22	$0.52	$0.32	$0.43
Diluted shares (average)	202m	201m	203m	241m	252m	254m	261m
EBITDA	288	164	72	337	434	424	435

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Ermenegildo Zegna N.V.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ermenegildo Zegna N.V.