)

Inditex (ITX) investor relations material
Inditex Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved solid operational performance in H1 2025, with sales up 1.6% to €18.4 billion and net income rising 0.8% to €2.8 billion, supported by strong profitability in a complex market environment.
Spring/Summer and Autumn/Winter collections were well received, driving both store and online sales growth, with a 9% increase in constant currency from August 1 to September 8, 2025.
Operations span 214 markets, with a unique fashion proposition, focus on sustainability, and talent development.
Opened stores in 35 markets, operating 5,528 stores at period end.
Integrated business model and global diversification underpin confidence in future growth opportunities.
Financial highlights
Net sales reached €18.4 billion, up 1.6% year-over-year; constant currency sales growth was 5.1%.
Gross profit increased 1.5% to €10.7 billion; gross margin stable at 58.3%.
EBITDA rose 1.5% to €5.1 billion; EBIT up 0.9% to €3.6 billion.
Funds from operations increased 5% to €3.7 billion; free cash flow declined 39% to €1.165 billion.
Net cash position was €10.0 billion at July 31, 2025.
Outlook and guidance
Store and online sales in constant currency from August 1 to September 8, 2025, rose 9% year-over-year.
Expects a -4% currency impact on 2025 sales; gross margin guidance stable within +/- 50 bps.
Annual gross space growth expected around 5% for 2025-2026; ordinary capex for 2025 estimated at €1.8 billion.
€900 million per year in extraordinary logistics investments planned for 2024-2025.
Ongoing store optimisation and digitalisation to drive productivity and growth.
Next Inditex earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage