Ermenegildo Zegna ZGN Revenue Breakdown

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As of: Oct 1, 2026 · 3:59 PM EDT
Annual revenue breakdowns for Ermenegildo Zegna, fiscal 2023 to 2025, as reported in its filings.
Annual history

Ermenegildo Zegna Revenue by Geography

Years FY 2023–2025
Lines 7
FY 2025 Total $6.61B

Emea was Ermenegildo Zegna’s largest region in fiscal 2025, bringing in $2.05B of $6.61B (31%).

Ermenegildo Zegna revenue by geography, fiscal 2023 to 2025
Geography FY 2023 FY 2025
Emea $1.98B $2.05B
Americas $1.36B $1.70B
United States $1.15B $1.45B
Rest Of Apac — $686.43M
Italy — $675.28M
Netherlands — $38.68M
Other $8.87M $9.15M
Total $6.29B $6.61B
Totals include 1 discontinued line from earlier reporting.

Ermenegildo Zegna revenue by geography: what the figures show

Ermenegildo Zegna brought in $6.61B from its seven regions in fiscal 2025, the year ended December 31, 2025. Ermenegildo Zegna regrouped these regions after fiscal 2023, so the total does not compare directly with that year's $6.29B. Emea was the largest at $2.05B (31.1%), ahead of Americas at $1.70B (25.7%) and United States at $1.45B (21.9%). The other four regions brought in $1.41B combined.

Compared with fiscal 2023, the previous year with figures, United States grew fastest, up 25.5% to $1.45B. Every region above 2% of revenue grew.

Ermenegildo Zegna began breaking out Rest Of Apac in fiscal 2025, Italy in fiscal 2025 and Netherlands in fiscal 2025. Ermenegildo Zegna stopped reporting Greater China Region as a separate region after fiscal 2023, when it brought in $1.79B.

Annual history

Ermenegildo Zegna Revenue by Types of customers [axis]

Years FY 2023–2025
Lines 6
FY 2025 Total $2.36B

Total Wholesale Branded was Ermenegildo Zegna’s largest revenue line in fiscal 2025, bringing in $954.38M of $2.36B (40%).

Ermenegildo Zegna revenue by types of customers [axis], fiscal 2023 to 2025
Types of customers [axis] FY 2023 FY 2024 FY 2025
Zegna Brand — $478.24M $408.92M
Total Wholesale Branded — $1.21B $954.38M
Thom Browne $584.96M $558.20M $230.93M
Tom Ford Fashion $297.72M $342.64M $314.52M
Textile $452.96M — $402.69M
Other $90.39M $46.64M $46.83M
Total $5.22B $2.63B $2.36B
Totals include 1 discontinued line from earlier reporting.

Ermenegildo Zegna revenue by types of customers [axis]: what the figures show

Ermenegildo Zegna brought in $2.36B from its six revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $6.61B it reports by geography, so these revenue lines do not cover all of its revenue. Total Wholesale Branded was the largest at $954.38M (40.5%), ahead of Zegna Brand at $408.92M (17.3%) and Textile at $402.69M (17.1%). The other three revenue lines brought in $592.28M combined.

Compared with fiscal 2024, every revenue line above 2% of revenue shrank. Tom Ford Fashion held up best, down 8.2% to $314.52M, and Thom Browne fell the most, down 58.6% to $230.93M. Some of that change comes from Ermenegildo Zegna regrouping its revenue lines.

Ermenegildo Zegna began breaking out Zegna Brand in fiscal 2024 and Total Wholesale Branded in fiscal 2024. Ermenegildo Zegna stopped reporting Total Direct To Consumer (Dtc) as a separate revenue line after fiscal 2023, when it brought in $3.80B.

Annual history

Ermenegildo Zegna Revenue by Segments [axis]

Years FY 2023–2025
Lines 3
FY 2025 Total $6.56B

Zegna Segment was Ermenegildo Zegna’s largest segment in fiscal 2025, bringing in $3.99B of $6.56B (61%).

Ermenegildo Zegna revenue by segments [axis], fiscal 2023 to 2025
Segments [axis] FY 2023 FY 2025
Zegna Segment $3.87B $3.99B
Thom Browne Segment $2.28B $1.61B
Tom Ford Fashion $39.00K $951.17M
Total $6.15B $6.56B

Ermenegildo Zegna revenue by segments [axis]: what the figures show

Ermenegildo Zegna brought in $6.56B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 6.7% from $6.15B in fiscal 2023, the previous year with figures. Zegna Segment was the largest at $3.99B (60.9%), ahead of Thom Browne Segment at $1.61B (24.6%) and Tom Ford Fashion at $951.17M (14.5%).

Compared with fiscal 2023, the previous year with figures, Tom Ford Fashion grew fastest, up 2,438,792.3% to $951.17M, while Thom Browne Segment fell the most, down 29.2% to $1.61B. From fiscal 2023 to 2025, combined revenue from these segments grew from $6.15B to $6.56B, a compound annual growth rate of 3.3%. Zegna Segment's share of the total fell from 63.0% to 60.9%.

Questions

Ermenegildo Zegna Revenue Breakdown FAQ

How does Ermenegildo Zegna make money?

Ermenegildo Zegna (ZGN) reports its revenue by geography, by types of customers [axis] and by segments [axis]. In fiscal 2025, Emea was its largest region, bringing in $2.05B (31.1% of the total), followed by Americas at $1.70B (25.7%).

What is Ermenegildo Zegna's largest region?

Emea was Ermenegildo Zegna's largest region in fiscal 2025, bringing in $2.05B, or 31.1% of the $6.61B total across its seven regions.

What is Ermenegildo Zegna's largest revenue line?

Total Wholesale Branded was Ermenegildo Zegna's largest revenue line in fiscal 2025, bringing in $954.38M, or 40.5% of the $2.36B total across its six revenue lines.

What is Ermenegildo Zegna's largest segment?

Zegna Segment was Ermenegildo Zegna's largest segment in fiscal 2025, bringing in $3.99B, or 60.9% of the $6.56B total across its three segments.

Where does this revenue breakdown data come from?

Every figure comes from Ermenegildo Zegna's annual financial filings, as reported. Each line keeps the name Ermenegildo Zegna gives it, and years follow its fiscal calendar.

How far back does Ermenegildo Zegna's revenue breakdown go?

Ermenegildo Zegna's revenue by geography goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.