Ermenegildo Zegna N.V. (ZGN) SEC Filings & Earnings Calls
EquiReason read 18 Ermenegildo Zegna N.V. SEC filings in the last 12 months. Latest: 6-K on 2026-10-22 — Q3 2026 Group revenues up 8.9% YoY to €433.8M; DTC channel grew 13% YoY; ZEGNA brand strong; Thom Browne weak; cautious confidence ahead..
Source: SEC EDGAR filings · figures as of 2026-09-30 · read by EquiReason
- Market cap
- 3.9B
- P/E TTM
- —
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 18 Mar, in 145 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
22 Oct 20266-KQ3 2026 Group revenues up 8.9% YoY to €433.8M; DTC channel grew 13% YoY; ZEGNA brand strong; Thom Browne weak; cautious confidence ahead.earningsopen
Figures in the filing · each found in the filing text
| Group revenues · Q3-2026 | $434M | +9% y/y |
| ZEGNA brand revenues · ZEGNA · Q3-2026 | $284M | +14% y/y |
| Thom Browne revenues · Thom Browne · Q3-2026 | $45M | -6% y/y |
| TOM FORD FASHION revenues · TOM FORD FASHION · Q3-2026 | $70M | +5% y/y |
| DTC revenues · DTC · Q3-2026 | $335M | +13% y/y |
| 9M Group revenues · 9M-2026 | $1.42B | +7% y/y |
Risks flagged
Thom Browne brand revenue decline and wholesale channel streamlining may indicate brand weakness.
“Thom Browne revenues were €45.4 million, -5.9% YoY and -7.4% organic, mainly reflecting the more challenging consumer environment in Greater China Region and the ongoing streamlining of the wholesale channel.”
Uncertain global environment cited by management.
“While the global environment remains uncertain, we stay focused on what has always set us apart” · word for word
3 Sep 20266-KErmenegildo Zegna files semi-annual report for H1 2026: revenues €987M (+6% YoY), profit €28.4M, adjusted EBIT €74.5M. DTC channel drives growth (+12% reported). No material new event beyond routine filing.open
Figures in the filing · each found in the filing text
| Revenue · H1-2026 | $987M | +6% y/y |
| Profit · H1-2026 | $28M | -41% y/y |
| Adjusted EBIT · H1-2026 | $75M | +8% y/y |
| Gross Profit Margin · H1-2026 | 67.6% | |
| Net Cash Surplus · H1-2026 | $60M |
Risks flagged
Adverse foreign exchange movements impacting results.
“Adverse foreign exchange movements partially offset margin improvement.”
3 Sep 20266-KErmenegildo Zegna files press release for H1 2026 results: revenues €987M (+6% YoY), profit €28.4M, adjusted EBIT €74.5M. DTC channel drives growth. No material new event beyond routine earnings release.open
Figures in the filing · each found in the filing text
| Revenue · H1-2026 | $987M | +6% y/y |
| Profit · H1-2026 | $28M | -41% y/y |
| Adjusted EBIT · H1-2026 | $75M | +8% y/y |
| Gross Profit Margin · H1-2026 | 67.6% | |
| Net Cash Surplus · H1-2026 | $60M |
Risks flagged
Adverse foreign exchange movements impacting results.
“Adverse foreign exchange movements partially offset margin improvement.”
23 Jul 20266-KQ2 2026 group revenues +10.3% YoY to €517.1M, DTC +16.4% YoY, all brands positive; ZEGNA brand +16.9% YoY.open
Figures in the filing · each found in the filing text
| Group revenues · Q2-2026 | $517M | +10% y/y |
| ZEGNA brand revenues · ZEGNA · Q2-2026 | $324M | +17% y/y |
| DTC revenues · DTC · Q2-2026 | $411M | +16% y/y |
| H1 2026 Group revenues · H1-2026 | $987M | +6% y/y |
26 Jun 20266-KAnnual general meeting results; dividend of EUR 0.12 per share approved, new CEO appointed.open
Figures in the filing · each found in the filing text
| Dividend per share · FY2026 | $0.12 | |
| Total dividend distribution · FY2026 | $32M | |
| Revenue · FY2025 | $1.92B |
30 Apr 20266-KQ1 2026 revenues €470M, +2.5% YoY, +7.4% organic, DTC +14.2% organic, sequential acceleration, all brands positive organic growth.open
Figures in the filing · each found in the filing text
| Total revenues · Q1-2026 | $470M | +3% y/y |
| DTC revenues · Direct to Consumer · Q1-2026 | $372M | +8% y/y |
| ZEGNA brand revenues · ZEGNA brand · Q1-2026 | $310M | +6% y/y |
| Textile revenues · Textile · Q1-2026 | $31M | +4% y/y |
| Wholesale branded revenues · Wholesale branded · Q1-2026 | $64M | -19% y/y |
Risks flagged
Wholesale channel continues to decline, reflecting strategic shift but also potential revenue concentration risk.
“Wholesale revenues at €64.3 million, -19.1% YoY (-17.0% organic), continue to reflect the strategic decision to focus on the DTC channel.” · word for word
20 Mar 20266-KAnnual report filing announcement; no material financial event disclosed.open
Figures in the filing · each found in the filing text
| Revenues · FY2025 | $1.92B |
20 Mar 202620-FAnnual results show revenue decline of 1.5% (-1.5% reported, +1.1% organic) with gross margin improvement but operating margin compression; DTC growth partially offsets wholesale weakness.earningsopen
Figures in the filing · each found in the filing text
| Total Revenues · FY2025 | $1.92B | -2% y/y |
| Gross Profit · FY2025 | $1.29B | -0% y/y |
| Operating Profit · FY2025 | $139M | -16% y/y |
| ZEGNA Brand Revenue · Zegna · FY2025 | $1.18B | +2% y/y |
| Thom Browne Revenue · Thom Browne · FY2025 | $268M | -15% y/y |
| TOM FORD FASHION Revenue · Tom Ford Fashion · FY2025 | $317M | +1% y/y |
| DTC Revenue · FY2025 | $1.45B | +4% y/y |
| Wholesale Branded Revenue · FY2025 | $318M | -21% y/y |
| Number of Directly Operated Stores · FY2025 | 471 |
Risks flagged
Greater China Luxury Demand Slowdown
“the performance in the Greater China Region, which continued to be impacted by challenges for the luxury sector” · word for word
Foreign Exchange Headwind
“All segments were negatively impacted by foreign currency exchange rates during the period, primarily due to the appreciation of the Euro against several currencies in which the Group operates, mainly the U.S. Dollar, Chinese Renminbi and Japanese Yen.” · word for word
Wholesale Channel Disruption
“lower sales to Saks Global following changes in the customer's operating and financial circumstances” · word for word
20 Mar 20266-KFY2025 profit €109.5M (+20% YoY), revenue €1.92B (-1.5% reported, +1.1% organic), gross margin +90bps to 67.5%, cash surplus €52M vs net debt €94M prior year.open
Figures in the filing · each found in the filing text
| Revenues · FY2025 | $1.92B | -2% y/y |
| Profit · FY2025 | $110M | +20% y/y |
| Gross profit margin · FY2025 | 67.5% | |
| Adjusted EBIT · FY2025 | $163M | |
| Cash surplus · FY2025 | $52M | |
| Dividend per ordinary share · FY2025 | $0.12 | |
| ZEGNA brand revenues · ZEGNA · FY2025 | $1.18B | +2% y/y |
| Thom Browne revenues · Thom Browne · FY2025 | $269M | -15% y/y |
| TOM FORD FASHION revenues · TOM FORD FASHION · FY2025 | $317M | +1% y/y |
| Textile revenues · Textile · FY2025 | $134M | -3% y/y |
Risks flagged
Provision for expected losses on trade receivables related to Saks Global Chapter 11 filing
“€10 million provision for expected losses on trade receivables related to Saks Global Chapter 11 filing.” · word for word
Thom Browne brand revenue decline of 14.7% YoY
“Thom Browne reported revenues of €268.5 million (-14.7% YoY and -12.2% organic).” · word for word
Uncertainty from Middle East developments
“Recent developments in the Middle East have introduced additional uncertainty across the sector.” · word for word
2 Feb 20266-KQ4 2025 revenues of €591.0M, +4.6% organic YoY, with DTC channel accelerating +9.6% organic. Sequential improvement from Q3. FY 2025 revenues €1,916.9M, +1.1% organic.open
Figures in the filing · each found in the filing text
| Total Revenues · FY2025 | $1.92B | -2% y/y |
| Q4 Revenues · Q4-2025 | $591M | +0% y/y |
| ZEGNA Brand FY Revenues · ZEGNA · FY2025 | $1.18B | +2% y/y |
| Thom Browne FY Revenues · Thom Browne · FY2025 | $268M | -15% y/y |
| TOM FORD FASHION FY Revenues · TOM FORD FASHION · FY2025 | $317M | +1% y/y |
| Textile FY Revenues · Textile · FY2025 | $134M | -3% y/y |
Risks flagged
Thom Browne brand continues to decline; wholesale channel under pressure.
“Thom Browne -14.7% YoY and -12.2% organic; wholesale -12.9% YoY and -11.6% organic”
Ermenegildo Zegna N.V. — questions
- What did Ermenegildo Zegna N.V. file recently?
- 18 SEC filings in the last 12 months. Latest: 6-K on 2026-10-22 — Q3 2026 Group revenues up 8.9% YoY to €433.8M; DTC channel grew 13% YoY; ZEGNA brand strong; Thom Browne weak; cautious confidence ahead.
Every figure on this page comes from Ermenegildo Zegna N.V.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.