Global fashion retailer behind Zara and related brands, with vertically integrated design, sourcing, logistics, and store operations.
Profile & Fundamentals
Inditex: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Inditex Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Industria de Diseño Textil, S.A., together with its subsidiaries, engages in the retail and online distribution of clothing, footwear, accessories, and household products in Spain, rest of Europe, the Americas, Asia, and internationally. The company sells its products under the Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Lefties, and Zara Home. It is also involved in the textile manufacturing, logistics, design, insurance, construction, buyer activities, and real estate businesses, as well as provides financial services. Industria de Diseño Textil, S.A. was founded in 1963 and is headquartered in Corunna, Spain.
Company profile record
Industria de Diseno Textil SA
Common Stock · Consumer Discretionary · Apparel Retail
Company
- Company / asset
- Industria de Diseno Textil SA
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Apparel Retail
- HQ
- 🇪🇸 Spain
- Head office
- Edificio Inditex, Corunna, Spain, 15143
Leadership & scale
- Chief executive
- Mr. Oscar Garcia Maceiras
- CEO year born
- 1975
- Full-time employees
- 156.8K
- Fiscal year end
- January
Fundamentals snapshot
- Market Cap
- EUR 167.7B
- P/E
- 26.2x
- Revenue (Q3 26)
- EUR 11.0B
- Profit (Q3 26)
- EUR 1.6B
- Dividend Yield
- 3.2%
- Revenue (FY 26)
- EUR 39.9B
- Shares in public float
- 1.1B
- Insider ownership
- 64.35%
Reporting & identifiers
- Symbol
- ITX.BME
- Listing
- 🇪🇸 Spain | Dividend Tax: 0%
- Ticker Currency
- EUR
- Income Statement Currency
- EUR
- Balance Sheet Currency
- EUR
- Cash Flow Currency
- EUR
- EPS Currency
- EUR
- Contract Type
- SPOT
- ISIN
- ES0148396007
- Asset ID
- equity_2c8f0561-aa8b-55dc-b149-a28e30e34b73
Ownership
Shares Outstanding
Latest: 3.1B | Max: 3.1B | Min: 3.1B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
35.60%
1.1B latest reported shares
Insider Ownership
64.35%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 3,113,701,900 |
| 2018-01-01 | 3,113,942,500 |
| 2019-01-01 | 3,114,646,200 |
| 2020-01-01 | 3,114,870,400 |
| 2021-01-01 | 3,114,925,700 |
| 2022-01-01 | 3,111,719,500 |
| 2023-01-01 | 3,113,069,600 |
| 2024-01-01 | 3,114,663,600 |
| 2025-01-01 | 3,116,396,000 |
| 2026-01-01 | 3,116,505,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Inditex delivered solid top-line performance, with fiscal 2026 revenue reaching €39.9 billion and net income expanding to €6.22 billion. First-half fiscal 2027 results showed constant-currency sales advancing over 9%, reaching €19.8 billion. This growth highlights Zara's enduring customer appeal and ability to sell merchandise at full retail price without resorting to broad promotional markdowns. However, the latest financial statements also reveal emerging cost pressures. Operating expenses grew 8.3% in the recent half-year, outpacing sales due to elevated transportation costs and Spanish retail wage hikes. While free cash flow remains exceptional at over €7 billion annually, earnings compounding will increasingly depend on disciplined cost management rather than effortless revenue growth.
Inditex delivered solid top-line performance, with fiscal 2026 revenue reaching €39.9 billion and net income expanding to €6.22 billion. First-half fiscal 2027 results showed constant-currency sales advancing over 9%, reaching €19.8 billion. This growth highlights Zara's enduring customer appeal and ability to sell merchandise at full retail price without resorting to broad promotional markdowns. However, the latest financial statements also reveal emerging cost pressures. Operating expenses grew 8.3% in the recent half-year, outpacing sales due to elevated transportation costs and Spanish retail wage hikes. While free cash flow remains exceptional at over €7 billion annually, earnings compounding will increasingly depend on disciplined cost management rather than effortless revenue growth.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 39.9B | Max: EUR 39.9B | Min: EUR 1.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 28x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability remains near record highs, with gross margin reaching 58.7% in the first half of fiscal 2027 and operating margins holding steady near 20%. This resilience stems from Inditex's unique proximity sourcing model. By manufacturing short production runs close to Europe, the company reacts immediately to actual customer demand, practically eliminating the expensive clearance markdowns that hurt competitors. Nevertheless, further profit margin expansion faces natural limits. Operating leverage has plateaued as rising freight rates and European store wage increases absorb merchandising gains. While Inditex possesses strong pricing power in its premium Zara collections, management's cautious outlook indicates that future profit growth must be driven by operational productivity rather than higher price tags.
Profitability remains near record highs, with gross margin reaching 58.7% in the first half of fiscal 2027 and operating margins holding steady near 20%. This resilience stems from Inditex's unique proximity sourcing model. By manufacturing short production runs close to Europe, the company reacts immediately to actual customer demand, practically eliminating the expensive clearance markdowns that hurt competitors. Nevertheless, further profit margin expansion faces natural limits. Operating leverage has plateaued as rising freight rates and European store wage increases absorb merchandising gains. While Inditex possesses strong pricing power in its premium Zara collections, management's cautious outlook indicates that future profit growth must be driven by operational productivity rather than higher price tags.
Profitability Margins
Latest: 58.3% | Max: 58.3% | Min: 5.4%
Latest Profitability Ratios as of 2026-01-31
Gross Margin
58.3%
Gross profit / revenue
Operating Margin
20.2%
Operating income / revenue
Net Margin
15.6%
Net income / revenue
FCF Margin
17.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-01-31 | 25,175,374,560 | 3,409,513,560 | 3,102,713,640 |
| 2018-01-31 | 31,670,000,000 | 4,210,000,000 | 2,965,000,000 |
| 2019-01-31 | 30,066,750,000 | 3,960,600,000 | 3,033,700,000 |
| 2020-01-31 | 31,113,500,000 | 4,002,900,000 | 6,322,800,000 |
| 2021-01-31 | 24,686,420,000 | 1,338,260,000 | 2,793,890,000 |
| 2022-01-31 | 31,041,920,000 | 3,632,160,000 | 6,303,360,000 |
| 2023-01-31 | 35,500,210,000 | 4,501,700,000 | 5,732,310,000 |
| 2024-01-31 | 38,822,760,000 | 5,811,480,000 | 7,850,520,000 |
| 2025-01-31 | 40,177,150,000 | 6,100,778,320 | 7,365,280,000 |
| 2026-01-31 | 47,438,365,870 | 7,401,907,100 | 8,377,600,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2026-01-31 | 27.56 | Trailing four quarters |
| 2025-01-31 | 28.01 | Trailing four quarters |
| 2024-01-31 | 22.98 | Trailing four quarters |
| 2023-01-31 | 21.57 | Annual net income |
| 2022-01-31 | 25.66 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-01-31 | 56.96 | 17.25 | 13.54 | 12.32 |
| 2018-01-31 | 56.28 | 17.03 | 13.29 | 9.36 |
| 2019-01-31 | 56.67 | 16.66 | 13.17 | 10.09 |
| 2020-01-31 | 55.88 | 16.87 | 12.87 | 20.32 |
| 2021-01-31 | 55.82 | 7.39 | 5.42 | 11.32 |
| 2022-01-31 | 57.06 | 15.45 | 11.7 | 20.31 |
| 2023-01-31 | 56.98 | 16.95 | 12.68 | 16.15 |
| 2024-01-31 | 49.7 | 18.94 | 14.97 | 20.22 |
| 2025-01-31 | 57.84 | 20.17 | 15.18 | 18.33 |
| 2026-01-31 | 58.25 | 20.18 | 15.6 | 17.66 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-15.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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