Inditex Achieved €28.2 Billion in Sales in the First Nine Months of 2025
Inditex, owner of the brands Zara, Zara Home, Massimo Dutti, Pull&Bear, Bershka, Oysho and Lefties, announced its financial results for the first nine months of 2025. The creativity of its teams, its fully integrated business model, and its diversification strategy continued to drive its successful performance.
Inditex continues to move forward to continuously enhance its fashion offering, improve customer experience, focus on sustainability, and strengthen its teams worldwide. The Group’s sales channels, broad geographic presence, and brand diversity remain among the fundamental pillars of its long-term growth potential.
The company’s business model—defined by flexibility, rapid response capabilities, and near-proximity sourcing within the season—enables it to quickly adapt to fashion trends and further reinforce its unique market position.
A Strategy Driven by Growth and Sustainability
- During this period, the collections were well received by customers. Sales increased by 2.7% to €28.2 billion, showing solid progress in both stores and online channels. At constant currency, sales grew by 6.2%. In the third quarter of 2025, sales rose by 4.9% to €9.8 billion, with constant-currency growth reaching 8.4%.
- Gross profit increased by 3.2% to €16.8 billion. The gross margin reached 59.7% (+27 basis points). In the third quarter of 2025, gross profit rose by 6.2% to €6.1 billion and the margin improved to 62.2% (+79 basis points).
- All expense categories followed a positive trend. Operating expenses increased by 2.4%, remaining 29 basis points below sales growth.
- EBITDA increased by 4.2% to €8.3 billion. Operating profit (EBIT) rose by 4.8% to €5.9 billion.
- Profit Before Tax (PBT) increased by 3.6% to €6.0 billion, with a PBT margin of 21.2%.
- Net profit grew by 3.9% to €4.6 billion.
- The company continues to generate strong cash flow. Net cash reached €11.3 billion at the end of the period.
- A dividend of €0.84 per share for fiscal year 2024 was paid on November 3, 2025.
- Autumn/Winter collections continue to be appreciated by customers. Between November 1 and December 1, 2025, store and online sales increased by 10.6% at constant currency compared with the same period in 2024 (+9% for November 1–24, 2025).
