In the second quarter of the year, Zalando’s gross merchandise volume (GMV) increased by 5.0%, as compared to the same period of 2024, reaching 4.1 billion euros. Revenue also increased, by 7.3% year-on-year, reaching 2.8 billion euros. By the end of June, the number of active customers had risen from 49.8 million to 52.9 million over the last twelve months.

The company’s adjusted earnings before interest and taxes (adjusted EBIT) in the second quarter totalled 186 million euros, up from 172 million euros in the same quarter last year. This represents a stable margin of 6.5%. Net income rose to 96.6 million euros, up from 95.7 million euros in the second quarter of last year.

“We’re embracing the immense opportunities ahead of us with the expansion of our offerings and long-term partnerships in both B2C and B2B”, said David Schröder, Co-CEO of Zalando.

He continued: “In B2C, Zalando is continuing to redefine fashion and lifestyle shopping by making the customer experience more inspiring and personalised with our new AI-driven discovery feed - boosting customer engagement and supporting our advertising business”.

In fact, Zalando’s B2C business continued to expand, with active customers increasing by 6.1% to a record 52.9 million. In the second quarter, this pillar’s revenue grew by 6.8% year-on-year to 2.6 billion euros, while adjusted EBIT rose to 174 million euros, 9 million euros higher than in the same period last year.

Meanwhile, the B2B pillar recorded a 12.2% increase in revenue in the second quarter, as compared to the same period in 2024, amounting to 262 million euros. Adjusted EBIT stood at 11 million euros, with the margin rising by 1.3 percentage points to 4.3%.

“In B2B, the launch of our ZEOS Shopify application and the collaboration with About You's SCAYLE software unit are milestones in building a software ecosystem that supports our merchants’ most strategic digital channel: their own e-commerce”, David Schröder highlighted.

Outlook

Following the completion of the acquisition of About You on the 11^th of July, Zalando now expects the combined group to achieve a gross merchandise value (GMV) of between 17.2 billion and 17.6 billion euros, and revenue of between 12.1 billion and 12.4 billion euros. The group expects adjusted EBIT of between 550 and 600 million, supported by the strong first half, cost efficiencies and early synergies in the second half of the year.

Image Credits: corporate.zalando.com