Is Zara Profitable? Zara Profits 2018-2023

In short

Zara, with Zara Home and Lefties, made €5.60 billion of pre-tax profit in fiscal 2025 (year to 31 January 2026), up from €5.41 billion, on sales of €28.1 billion, a margin of about 20%, according to Inditex’s annual report. That is about 70% of the group’s €8.0 billion pre-tax profit. Inditex’s net income rose 6% to €6.22 billion.

Sources: Inditex Annual Report 2025 (consolidated accounts), Inditex Annual Accounts 2023. Analysis by The Business Engineer.

How we source: the figures in the boxes and charts on this page come from Inditex’s own annual filing, with the period stated next to each number. Data checked 17 October 2026. The original article below may quote earlier periods. Our methodology.

Key figures · fiscal 2025 (year to 31 January 2026)

Group net sales, FY2025€39.86B+3.2% vs prior year

Zara pre-tax profit€5.60B (€5.41B in FY2024)FY2025

Group net income€6.22B (up 6.0%)FY2025

Zara sales: company-managed vs franchised stores87% / 13%FY2025

Source: Inditex Annual Report 2025 (consolidated accounts), Inditex Annual Accounts 2023. Changes calculated by FourWeekMBA from the filing.

Inditex net sales by brand, FY2025

Net sales by brand, fiscal 2025; the six add up to group net sales

Zara (incl. Zara Home and Lefties)€28.05B · 70%

Bershka€3.29B · 8%

Stradivarius€3.00B · 8%

Pull&Bear€2.55B · 6%

Massimo Dutti€2.02B · 5%

Oysho€960.0M · 2%

Source: Inditex Annual Report 2025 (consolidated accounts), Inditex Annual Accounts 2023. Bars drawn to scale. Chart by The Business Engineer.

Inditex revenue, FY2021 to FY2025

Total revenue per fiscal year

FY2021€27.72B

FY2022€32.57B

FY2023€35.95B

FY2024€38.63B

FY2025€39.86B

Source: Inditex Annual Report 2025 (consolidated accounts), Inditex Annual Accounts 2023. Bars drawn to scale. Chart by The Business Engineer.

Zara generated €5 billion in profit before tax in 2023, compared to €4 billion in 2022, nearly €3 billion in 2021, €971 million in 2020, and €3 billion in 2019.