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Zalando SE, DE000ZAL1111

Zalando stock: Q3 adjusted EBIT rises as B2B expands

Published on 11/03/2026 at 18:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Zalando stock faces a stronger B2B engine after the company reported profitable third-quarter growth. Management kept its full-year 2026 outlook unchanged.

Q3 momentum shifts toward B2B

  • Reported group revenue rose 5.1 percent and adjusted EBIT increased 10.6 percent year over year.
  • B2B revenue grew almost 28 percent, while the division's adjusted EBIT margin widened to 11.9 percent.
  • Zalando confirmed its 2026 outlook and introduced an AI-led expansion through Zalando Extended.
Zalando SE, DE000ZAL1111, Illustration mit AI erstellt.
Zalando SE, DE000ZAL1111, Illustration mit AI erstellt.

Zalando reported stronger profitable growth in the third quarter on Tuesday, November 3, as its B2B operations expanded rapidly and supported group profitability. The company also announced a new AI-based shopping initiative, while confirming its full-year outlook in a release from Zalando.

Zalando stock traded at 25.30 euros on Lang & Schwarz at 18:05 CET on Tuesday, November 3, 2026. Compared with the 26.46-euro quote in the October 29 report, the price was 4.38 percent lower. The real-time quote of Zalando stock remains the direct reference for the latest off-exchange indication.

Profitability improves as B2B scales

Group gross merchandise volume increased 7.5 percent year over year to 4.5 billion euros, while revenue rose 5.1 percent to 3.2 billion euros. Adjusted EBIT advanced 10.6 percent to 106.5 million euros, lifting the adjusted margin to 3.4 percent from 3.2 percent.

B2B revenue reached 354.4 million euros, up 27.9 percent. Adjusted EBIT more than doubled to 42.2 million euros, and the segment margin widened to 11.9 percent from 7.1 percent. Zalando attributed the group improvement to lower fulfilment costs, ABOUT YOU integration synergies and B2B growth.

B2C revenue increased 2.8 percent to 2.83 billion euros, but adjusted EBIT fell to 64.4 million euros from 76.6 million euros. Active customers reached 63.2 million, while the partner business and retail media posted double-digit growth.

AI expansion adds a new growth path

Zalando introduced Zalando Extended, which brings products from other online shops onto its platform. The company said its own AI agent is intended to complete purchases within the Zalando app from 2027, beginning with a pilot involving Westwing products.

Management confirmed its 2026 guidance for reported GMV and revenue growth in the lower half of the 12 percent to 17 percent range. Adjusted EBIT remains expected at 680 million to 720 million euros, with capital expenditure of 240 million to 300 million euros.

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For further company-specific developments, see more news and analyses on Zalando stock.

Zalando SE stock facts

  • Company: Zalando SE
  • ISIN: DE000ZAL1111
  • Ticker: ZAL
  • Lang & Schwarz price: 25.30 euros on November 3, 2026 at 18:05 CET
  • Change since October 29 report: 4.38 percent lower than 26.46 euros
  • Sector: Consumer Cyclical
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