ZGN on NYSE

Ermenegildo Zegna N.V.

Apparel and Other Finishd Prods of Fabrics and Similar Matl company.

Price unavailable

Last updated Oct 18, 2026.

Overview

1.9BRevenue, fiscal 20252
109.5MNet income, fiscal 20252

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  • TickerZGN on NYSE
  • IndustryApparel & Other Finishd Prods of Fabrics & Similar Matl
  • HeadquartersP7
  • Incorporated inNetherlands3
  • Business addressVia Roma 99/100, Valdilana (Biella), L6 138353
  • Filer categoryLarge accelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in EUR, the currency the company reports in.

Key numbers, fiscal 2025

67.5%Gross margin2
7.3%Operating margin2
5.7%Net margin2
-1.5%Revenue growth, 20252
10.0%Return on equity2
0.15×Debt to equity2
255.1M EURFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Zegna branded products brought in 62% of the revenue Ermenegildo Zegna N.V. broke down this way in fiscal 2025.

  1. Zegna branded products1.2B EUR262%up 2% from 2024
  2. Tom Ford Fashion317.1M EUR217%up 1% from 2024
  3. Thom Browne Group268.5M EUR214%down 15% from 2024
  4. Textile134.2M EUR27%down 3% from 2024
  5. Other Product15.6M EUR21%up 0% from 2024
Products and services by year
Products and services202320242025
Zegna branded products1.1B EUR1.2B EUR1.2B EUR
Tom Ford Fashion235.5M EUR314.5M EUR317.1M EUR
Thom Browne Group378.4M EUR314.7M EUR268.5M EUR
Textile151.0M EUR138.2M EUR134.2M EUR
Other Product30.1M EUR15.5M EUR15.6M EUR

Business segments

Zegna brought in 70% of the revenue Ermenegildo Zegna N.V. broke down this way in fiscal 2025.

  1. Zegna1.4B EUR270%up 1% from 2024
  2. Tom Ford Fashion317.1M EUR216%up 1% from 2024
  3. Thom Browne268.9M EUR214%down 15% from 2024
Business segments by year
Business segments202320242025
Zegna1.3B EUR1.3B EUR1.4B EUR
Tom Ford Fashion235.5M EUR314.5M EUR317.1M EUR
Thom Browne380.3M EUR314.8M EUR268.9M EUR

Regions

Europe, The Middle East And Africa brought in 26% of the revenue Ermenegildo Zegna N.V. broke down this way in fiscal 2025.

  1. Europe, The Middle East And Africa683.8M EUR226%up 1% from 2024
  2. Americas566.1M EUR221%up 8% from 2024
  3. United States482.5M EUR218%up 7% from 2024
  4. Greater China Region435.2M EUR217%down 15% from 2024
  5. Rest Of APAC228.8M EUR29%down 0% from 2024
  6. Italy225.1M EUR29%down 12% from 2024
  7. Netherlands12.9M EUR20%up 5% from 2024
  8. Other Area3.0M EUR20%up 30% from 2024
Regions by year
Regions202320242025
Europe, The Middle East And Africa658.7M EUR680.3M EUR683.8M EUR
Americas454.9M EUR524.8M EUR566.1M EUR
United States384.5M EUR452.8M EUR482.5M EUR
Greater China Region595.5M EUR509.4M EUR435.2M EUR
Rest Of APAC192.5M EUR229.9M EUR228.8M EUR
Italy281.8M EUR255.5M EUR225.1M EUR
Netherlands15.5M EUR12.3M EUR12.9M EUR
Other Area3.0M EUR2.3M EUR3.0M EUR

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue32¢622.9M EUR
  • Selling, general and admin54¢1.0B EUR
  • Other costs4¢69.7M EUR
  • Interest3¢50.5M EUR
  • Income tax2¢30.6M EUR
  • Profit6¢109.5M EUR

Out of 1.9B EUR in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending24¢80.5M EUR
  • Kept or used elsewhere76¢255.1M EUR

Out of 335.6M EUR of cash from operations.2

Financial statements

Revenue456721.9B EUR in 2025+45% since 2019
0500.0M EUR1.0B EUR1.5B EUR2.0B EUR2019: 1.3B EUR1.3B EUR20192020: 1.0B EUR1.0B EUR2020−23%2021: 1.3B EUR1.3B EUR2021+27%2022: 1.5B EUR1.5B EUR2022+16%2023: 1.9B EUR1.9B EUR2023+28%2024: 1.9B EUR1.9B EUR2024+2%2025: 1.9B EUR1.9B EUR2025−2%
Gross profit6721.3B EUR in 2025+62% since 2021
0500.0M EUR1.0B EUR1.5B EUR2021: 796.7M EUR796.7M EUR20212022: 928.0M EUR928.0M EUR2022+16%2023: 1.2B EUR1.2B EUR2023+32%2024: 1.3B EUR1.3B EUR2024+6%2025: 1.3B EUR1.3B EUR2025−0%
Operating income45672139.5M EUR in 2025+57% since 2019
-100.0M EUR0100.0M EUR200.0M EUR300.0M EUR2019: 88.6M EUR88.6M EUR20192020: -22.6M EUR-22.6M EUR20202021: -94.0M EUR-94.0M EUR2021+317%2022: 147.8M EUR147.8M EUR20222023: 208.1M EUR208.1M EUR2023+41%2024: 166.9M EUR166.9M EUR2024−20%2025: 139.5M EUR139.5M EUR2025−16%
Net income45672109.5M EUR in 2025+330% since 2019
-200.0M EUR-100.0M EUR0100.0M EUR200.0M EUR2019: 25.4M EUR25.4M EUR20192020: -46.5M EUR-46.5M EUR20202021: -127.7M EUR-127.7M EUR2021+174%2022: 65.3M EUR65.3M EUR20222023: 135.7M EUR135.7M EUR2023+108%2024: 90.9M EUR90.9M EUR2024−33%2025: 109.5M EUR109.5M EUR2025+20%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenues1.9B EUR1.9B EUR1.9B EUR
Cost of sales-622.9M EUR-650.1M EUR-680.2M EUR
Gross profit1.3B EUR1.3B EUR1.2B EUR
Selling, general and administrative expenses-1.0B EUR-1.0B EUR-901.4M EUR
Marketing expenses-120.7M EUR-121.4M EUR-114.8M EUR
Operating profit139.5M EUR166.9M EUR208.1M EUR
Financial income41.5M EUR26.0M EUR37.3M EUR
Financial expenses-50.5M EUR-52.0M EUR-68.1M EUR
Foreign exchange gains/(losses)9.0M EUR-11.3M EUR-5.3M EUR
Result from investments accounted for using the equity method524.0K EUR1.1M EUR-3.0M EUR
Profit before taxes140.0M EUR130.6M EUR169.1M EUR
Income taxes-30.6M EUR-39.7M EUR-33.4M EUR
Profit109.5M EUR90.9M EUR135.7M EUR
Shareholders of the Parent Company98.6M EUR77.1M EUR121.5M EUR
Non-controlling interests10.9M EUR13.8M EUR14.1M EUR
Basic earnings per share in Euro (in EUR per share)0.38 EUR0.31 EUR0.49 EUR
Diluted earnings per share in Euro (in EUR per share)0.38 EUR0.30 EUR0.48 EUR

Compare Ermenegildo Zegna N.V. with another company

Leadership

Who has led Ermenegildo Zegna N.V., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Di Monte Rubello Angelo Zegna2026–now
  2. Gianluca Ambrogio Tagliabue2026–now
  3. Lelio Gavazza2026–now
  4. Sam Christopher James Lobban2026–now

Chief financial officer

  1. Gian Franco Santhia2026–now
Board members and other officers (10)

Former names

  • Ermenegildo Zegna Holditalia S.p.A.Aug 27, 2021 to Dec 17, 20213

Timeline

  1. Mar 18, 2026New chief executive Di Monte Rubello Angelo Zegna becomes CEO8
  2. Mar 18, 2026New chief executive Gianluca Ambrogio Tagliabue becomes CEO9
  3. Mar 18, 2026New chief executive Lelio Gavazza becomes CEO10
  4. Mar 18, 2026New chief executive Sam Christopher James Lobban becomes CEO11

Filings

209 filings to the SEC since October 2021: 6 annual reports, 27 insider forms, 11 large holders, 165 other. The latest 20:

  1. Oct 8, 20266-K EDGAR
  2. Sep 3, 20266-K EDGAR
  3. Sep 3, 20266-K EDGAR
  4. Aug 24, 20266-K EDGAR
  5. Aug 12, 2026SCHEDULE 13G/A EDGAR
  6. Jul 23, 20266-K EDGAR
  7. Jul 9, 20266-K EDGAR
  8. Jun 30, 20263 EDGAR
  9. Jun 26, 20266-K EDGAR
  10. May 14, 2026SCHEDULE 13G/A EDGAR
  11. May 13, 2026SD EDGAR
  12. May 11, 20264 EDGAR
  13. May 11, 20264 EDGAR
  14. May 11, 20264 EDGAR
  15. May 11, 20264 EDGAR
  16. May 11, 20264 EDGAR
  17. May 7, 20264 EDGAR
  18. May 7, 2026144 EDGAR
  19. May 7, 2026144 EDGAR
  20. May 7, 2026144 EDGAR

The 209 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 11 such filings since October 2021, the latest 10:

  1. Aug 12, 2026SCHEDULE 13G/A
  2. May 14, 2026SCHEDULE 13G/A
  3. Aug 4, 2025SCHEDULE 13D
  4. Feb 14, 2025SCHEDULE 13G/A
  5. Nov 14, 2024SC 13G/A
  6. Feb 14, 2024SC 13G/A
  7. Feb 14, 2024SC 13G
  8. Feb 13, 2024SC 13G/A
  9. Feb 13, 2023SC 13G/A
  10. Feb 14, 2022SC 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

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