How Ermenegildo Zegna makes money

Period

FY2025

How does Ermenegildo Zegna make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Ermenegildo Zegna N.V. · FY2025 · year ended 2025-12-31

Revenue$2.2BGross profit$1.5B · 68%Cost of revenue$705M · 32%Operating income$158M · 7%Operating expenses$1.3B · 60%Other opex$1.3B · 60%Net income$124M · 6%Income tax$35M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.