# Zalando Q2 2026 earnings and analyst outlook

> Live situation record from CLSTR: https://clstr.news/situations/zalando-q2-2026-performance-and-analyst-outlook
> Updated: 2026-08-04T15:28:17.000Z. Sources: 7. Developments: 2.

Zalando’s second‑quarter 2026 results showed continued top‑line strength, with revenue up 20.8% YoY to €3.424 billion and GMV rising 20.7% to €4.915 billion. Growth was driven by the recent ABOUT YOU acquisition and higher sales in sports and beauty, while active customers increased 18.3% to 62.5 million.

Adjusted EBIT grew 10.4% to €204.8 million, but the adjusted EBIT margin stayed at 6.0% and net profit fell 23.6% to €73.8 million. Analysts from Quirin Privatbank AG and Deutsche Bank reaffirmed buy recommendations, raising target prices to €34.40 and €35 respectively, and argued the stock’s recent decline was excessive despite the lower‑end revenue guidance.

## Timeline

### 2026-08-04: Zalando stock receives buy ratings and target price upgrades from analysts

Analysts at Quirin Privatbank and Deutsche Bank both rate Zalando Buy, setting target prices of €34.40 and €35 as the company trims its revenue outlook.

3 sources. https://clstr.news/cluster/zalando-stock-receives-buy-ratings-and-target-price-upgrades-from-analysts

### 2026-08-04: Zalando posts strong revenue growth but profit drop as other firms report mixed earnings

Zalando’s Q2 2026 revenue rose 20.8% but net profit fell 23.6%; Ibstock kept a “hold” rating; MediWound slipped below its 200‑day average after mixed earnings; a.k.a. Brands held its Q2 earnings call.

4 sources. https://clstr.news/cluster/zalando-shares-slide-after-weak-q2-earnings-miss

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Cite as: Zalando Q2 2026 earnings and analyst outlook. CLSTR, https://clstr.news/situations/zalando-q2-2026-performance-and-analyst-outlook