Ermenegildo Zegna N.V. (ZGN) Revenue History
Annual and quarterly revenue from 2018 to present
ZGN Revenue Over Time (2018–2025)
ZGN Revenue Growth History
5 of 7 years with positive growth- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- +11.7%
- FY2020 revenue growth
- -22.8%
- FY2021 revenue growth
- +26.7%
- FY2022 revenue growth
- +15.5%
- FY2023 revenue growth
- +27.6%
- FY2024 revenue growth
- +2.2%
- FY2025 revenue growth
- -5.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $981.9M | -0.5% |
| Q2 2025 | $927.7M | -3.4% |
| Q4 2024 | $986.5M | -1.5% |
| Q2 2024 | $960.1M | +6.3% |
| Q4 2023 | $1.00B | +31.1% |
| Q2 2023 | $903.1M | +23.9% |
| Q4 2022 | $763.8M | +11.7% |
| Q2 2022 | $729.0M | +19.8% |
Revenue Breakdown (FY 2025)
ZGN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ZGN Revenue Analysis (2018–2025)
Current Revenue & Growth
As of June 29, 2026, Ermenegildo Zegna N.V. (ZGN) generated trailing twelve-month (TTM) revenue of $3.86 billion, reflecting slight decline in growth of -0.5% year-over-year. The most recent quarter (Q4 2025) recorded $981.9 million in revenue, up 5.8% sequentially.
Historical Growth Trajectory
ZGN's 5-year compound annual growth rate (CAGR) stands at +12.5%, indicating consistent double-digit revenue growth. The 3-year CAGR of +7.2% is below the 5-year average, signalling a growth deceleration in recent years. Ermenegildo Zegna N.V.'s highest annual revenue of $1.95 billion was recorded in 2024.
Revenue by Segment
ZGN's revenue is primarily driven by Zegna branded products (74%), Thom Browne Group (17%), and Textile (8%). With over half of revenue concentrated in Zegna branded products, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including CPRI (-9.3% YoY), TPR (+14.1% YoY), and RL (+14.6% YoY) — ZGN has underperformed the peer group in revenue growth. Compare ZGN vs CPRI →
ZGN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZGNCurrent | $3.9B | -0.5% | +12.5% | 8.5% | |
 CPRI | $3.5B | -9.3% | -9.3% | 2.4% | |
 TPR | $7.0B | +14.1% | +7.2% | 5.9% | |
 RL | $8.1B | +14.6% | +13.0% | 14.5% | |
 PVH | $9.0B | +0.8% | +4.6% | 7.3% | |
 HBI | $3.5B | -13.4% | -11.4% | 5.3% |
ZGN Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.84B | -5.4% | $1.02B | 55.6% | $156.5M | 8.5% |
| 2024 | $1.95B | +2.2% | $1.30B | 66.6% | $166.9M | 8.6% |
| 2023 | $1.90B | +27.6% | $1.22B | 64.3% | $208.1M | 10.9% |
| 2022 | $1.49B | +15.5% | $928.0M | 62.2% | $147.8M | 9.9% |
| 2021 | $1.29B | +26.7% | $800.8M | 62.0% | $-94,028,000 | -7.3% |
| 2020 | $1.02B | -22.8% | $537.9M | 52.7% | $-22,555,000 | -2.2% |
| 2019 | $1.32B | +11.7% | $776.7M | 58.8% | $88.6M | 6.7% |
| 2018 | $1.18B | - | $726.6M | 61.4% | $94.8M | 8.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
8+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ZGN — Frequently Asked Questions
Quick answers to the most common questions about buying ZGN stock.
Is ZGN's revenue growth accelerating or slowing?
ZGN revenue growth is slowing. TTM revenue is $3.9B, up -0.5% year-over-year — below the 5-year CAGR of +12.5%. The deceleration suggests maturing end-markets or increased competition.
What is ZGN's revenue history from 2018 to 2026?
Ermenegildo Zegna N.V. (ZGN) revenue history spans 2018 to 2026. TTM revenue as of 2026 is $3.9B, growing at -0.5% YoY. The 5-year CAGR is +12.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ZGN's long-term revenue growth rate (CAGR)?
Ermenegildo Zegna N.V.'s 5-year revenue CAGR of +12.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -0.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ZGN.
Why does ZGN's quarterly revenue fluctuate?
ZGN quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Ermenegildo Zegna N.V.'s revenue data from 2018 to 2026 shows full historical quarterly detail on this page.
How is ZGN's revenue distributed by segment?
ZGN reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ZGN's revenue compare to industry peers?
Ermenegildo Zegna N.V. (ZGN) with TTM revenue of $3.9B and -0.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.