Ermenegildo Zegna Group (ZGN) earnings
Ermenegildo Zegna Group earnings: last reported Thu, 3 Sep 2026, for the quarter ended Jun 2026.
Ermenegildo Zegna Group earnings callsErmenegildo Zegna Group earnings calls (ZGN)
Ermenegildo Zegna Group H1 FY26 — Strong Zegna Performance and Thom Browne Turnaround Efforts
What went well
- Gross profit reached EUR 668 million with a margin of 67.6% in H1 2026, supported by favorable DTC channel mix.
- Adjusted EBIT increased to EUR 74 million in H1 2026, up from EUR 69 million in H1 last year, with a 7.5% margin.
- Zegna segment adjusted EBIT margin expanded by 50 bps to 14.8% in H1 2026, driven by operating leverage and improved DTC KPIs.
What to watch
- Thom Browne segment adjusted EBIT was negative EUR 8 million in H1 2026, down from positive EUR 4 million last year, impacted by FX and transition costs.
- Profit decreased to EUR 28 million in H1 2026 from EUR 48 million last year, due to the absence of a non-recurring Thom Browne put option remeasurement benefit.
Performance +36.6% 1Y
1Y: $9.15 on 29 Sept 2025 → $12.5. High $15.25 (3 Aug 2026), low $8.69 (30 Jan 2026).
Balance sheet
| Year ending | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Fixed assets | $299.57M | $126.26M | $134.54M | $176.37M | $212.77M | $248.21M |
| Total assets | $2.96B | $2.78B | $2.59B | $3.06B | $2.94B | $3.33B |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
11 filings between May 5, 2026 and May 8, 2026.
Open market
decisions to buy or sellPurchases
$0
1 purchase by 1 insider
Sales
$708.1K
6 sales by 6 insiders
Some filings report no price, so the dollar figures above are a floor, not a total.
Compensation
not trading decisions- 4
- Option exercise — converted options into shares
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Tagliabue Gianluca Ambrogio | $0 | $250.7K | May 8, 2026 |
| Zegna di Monte Rubello Edoardo | — | $223.5K | May 8, 2026 |
| Sartori Alessandro | — | $85.3K | May 8, 2026 |
| Santhia Gian Franco | — | $75.7K | May 8, 2026 |
| Norsa Michele | — | $47.5K | May 5, 2026 |
| Zegna di Monte Rubello Angelo | — | $25.4K | May 8, 2026 |
Latest filings (11)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 8, 2026 | Santhia Gian Franco Group Chief Financial Officer | Sale | 5,768 | $75.7K |
| May 8, 2026 | Tagliabue Gianluca Ambrogio Acting Group CEO | Sale | 19,105 | $250.7K |
| May 8, 2026 | Zegna di Monte Rubello Edoardo Co-CEO of the ZEGNA brand | Sale | 17,037 | $223.5K |
| May 8, 2026 | Sartori Alessandro Artistic Director | Sale | 6,505 | $85.3K |
| May 8, 2026 | Zegna di Monte Rubello Angelo Co-CEO of the ZEGNA brand | Sale | 1,935 | $25.4K |
| May 7, 2026 | Sartori Alessandro Artistic Director | Option exercise | 31,500 | — |
| May 7, 2026 | Tagliabue Gianluca Ambrogio Acting Group CEO | Purchase | 47,250 | — |
| May 7, 2026 | Santhia Gian Franco Group Chief Financial Officer | Option exercise | 15,600 | — |
| May 7, 2026 | Zegna di Monte Rubello Edoardo Co-CEO of the ZEGNA brand | Option exercise | 31,500 | — |
| May 7, 2026 | Zegna di Monte Rubello Angelo Co-CEO of the ZEGNA brand | Option exercise | 15,600 | — |
| May 5, 2026 | Norsa Michele Director | Sale | 4,000 | $47.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.