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Inditex Q1 2026 Results: 8 Key Numbers From Zara’s Best Quarter Yet

The Inditex Q1 2026 results, published on June 3, 2026, cover the three months to April 30.

Published: Jun 3, 2026 3:51 PM Updated: Jun 8, 2026 1:58 AM

By Jeanel Alvarado

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Inditex Q1 2026 Results: 8 Key Numbers From Zara’s Best Quarter Yet

The Inditex Q1 2026 results, published on June 3, 2026, cover the three months to April 30. Net sales reached €8.75 billion, up 5.8% on a reported basis and 8.8% at constant exchange rates. Net profit came in at €1.375 billion, up 5.4% year on year. The spring/summer collections were described as “very well received” by customers, and the company opened the session on June 3 with shares up as much as 5% in Madrid, leading the Euro Stoxx 50.

What makes the Inditex Q1 2026 results notable is not just the headline growth but the acceleration over the prior year. In Q1 2025, Inditex grew sales by 1.5% and net profit by 0.8%. The step-up to 8.8% constant-currency revenue growth and 5.4% profit growth is a material improvement, and it carried into early Q2.

Between May 1 and June 1, in-store and online sales grew 11.5% at constant exchange rates, well ahead of analyst expectations of around 8%.

Inditex Q1 2026 Results: The Numbers in Full Metric Q1 FY2026 Q1 FY2025 Net Revenue €8.75B €8.27B Revenue Growth (constant FX) +8.8% +1.5% Gross Profit €5.36B €5.01B Gross Margin 61.2% 60.6% EBITDA €2.57B (+7.3%) €2.39B EBIT €1.76B (+7%) €1.64B Net Profit €1.375B €1.305B PBT Margin 20.1% 19.9% Net Cash Position €10.8B €10.78B Store Count 5,456 Prior year May 1-June 1 Sales Growth +11.5% (constant FX) Ahead of ~8% est.

Source: Inditex Q1 FY2026 Results, June 3, 2026 | inditex.com/en/investors Gross margin reached 61.2%, up 67 basis points from 60.6% a year earlier, driven by the strong performance of spring/summer product. Operating expenses grew 6.4%, which is faster than revenue growth on a reported basis but below…

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