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Edge14 Aug 2026
Deutsche Qualität: The Story of Birkenstock
From an 18th-century German shoemaker to a global footwear brand, how Birkenstock turned an orthopedic insole into the world's most popular sandal.
Zalando
Zalando (ZAL) investor relations material
Zalando Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary4 Aug, 2026
Executive summary
Achieved strong H1 2026 growth with GMV up 21.0% to €9.2bn and revenue up 22.2% to €6.4bn, driven by ABOUT YOU consolidation and AI-driven initiatives in both B2C and B2B segments.
Adjusted EBIT increased 16.1% to €269.6m, with ABOUT YOU synergies contributing positively, though EBIT dropped 81.1% to €31.4m due to restructuring and acquisition costs.
Active customers rose 18.3% to 62.5 million, with average spend per customer up 2.9% to €307.
B2B segment saw accelerated double-digit revenue growth, margin expansion, and major client wins for ZEOS and SCAYLE.
AI-powered innovations, including SCAYLE STUDIOS and enhanced Zalando Assistant, drove efficiency and engagement.
Financial highlights
GMV: €9,199.7m (+21.0% YoY); Revenue: €6,420.6m (+22.2% YoY); Adjusted EBIT: €269.6m (+16.1% YoY); EBIT: €31.4m (-81.1% YoY).
Q2 GMV up 20.7% to €4.9bn; Q2 revenue up 20.8% to €3.4bn; adjusted EBIT for Q2 at €204.8m (margin 6.0%).
B2B revenue up 27.6% to €335m in Q2; B2B adjusted EBIT up to €41m (margin 12.2%).
Free cash flow: -€95.0m; cash and equivalents: €1,397.8m.
Capex: €124.4m (+33.3% YoY), focused on logistics and software.
Outlook and guidance
Full-year 2026 GMV and revenue growth expected in the lower half of the 12–17% range.
Adjusted EBIT guidance narrowed to €680–720m (margin 4.8–5.2%), supported by synergy delivery and logistics network benefits.
Capex for 2026 confirmed at €240–300m; net working capital to remain negative.
Drivers of the 12.2% B2B margin expansion
Why was the GMV growth guidance refined?
SCAYLE STUDIOS' role in B2B revenue scaling
SCAYLE STUDIOS AI content monetization model
Logistics network reshaping and 2028 margins
Mitigation strategy for sneaker market softness
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Zalando
- AI-driven growth, robust financials, and sustainability define a strong outlook for 2026.ZAL
AGM 2026 - GMV and revenue surged over 20%, with higher EBIT but a net loss from restructuring costs.ZALQ1 2026
- 2025 saw double-digit growth, €300M buy-back, and 2026 targets for further margin expansion.ZALQ4 2025
- Double-digit 2025 growth, €300M buy-back, and strong 2026 outlook driven by AI and synergies.ZALQ4 2025 (Q&A)
- Strong H1 growth, ABOUT YOU acquisition, and raised 2025 guidance for double-digit gains.ZALQ2 2025
- Q3 growth in GMV, revenue, and margins drives upgraded outlook and new loyalty program.ZALQ3 2024
- Growth and margin expansion continued in H1/Q2 2024, with guidance reaffirmed.ZALQ2 2024
- Q1 2025 delivered 7.9% revenue growth, higher profitability, and About You deal progress.ZALQ1 2025
- 2024 saw robust growth and profitability, with 2025 outlook boosted by new acquisitions and partnerships.ZALQ4 2024
Next Zalando earnings date
Q3 20263 Nov, 2026
Zalando
Next Zalando earnings date
Q3 20263 Nov, 2026
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@ankurshah47_ x.com
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.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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