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Zalando Valuation Multiples
Discover revenue and EBITDA valuation multiples for Zalando and similar public comparables like Vipshop, Meesho, Zozo, Vishal Mega Mart and more.
Zalando Overview
About Zalando
Zalando, founded in 2008, is Europe’s biggest pure-play online fashion platform. Zalando is present in 25 European countries, and its major market is the DACH region, comprising Germany, Austria, and Switzerland. The company commands around 12% market share in European online apparel sales. After the About You acquisition, it has 17 fulfillment centers, offers over 7,000 brands, and as of September 2025, had 61 million active users (more than 10% of the population in countries where the firm has a presence).
Founded
2008
HQ
Employees
15.3K
Website
Financials (LTM)
EV
$6B
Zalando Financials
Zalando reported last 12-month revenue of $15B and EBITDA of $1B.
In the same LTM period, Zalando generated $6B in gross profit, $1B in EBITDA, and $279M in net income.
Revenue (LTM)
Zalando P&L
In the most recent fiscal year, Zalando reported revenue of $15B and EBITDA of $1B.
Zalando expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $279M | XXX | $253M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Zalando Stock Performance
Zalando has current market cap of $7B, and enterprise value of $6B.
Market Cap Evolution
Zalando's stock price is $27.39.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $7B | 2.8% | XXX | XXX | XXX | $0.98 |
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Start Free TrialZalando Valuation Multiples
Zalando trades at 0.4x EV/Revenue multiple, and 5.8x EV/EBITDA.
EV / Revenue (LTM)
Zalando Financial Valuation Multiples
As of April 18, 2026, Zalando has market cap of $7B and EV of $6B.
Equity research analysts estimate Zalando's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Zalando has a P/E ratio of 25.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 5.8x | XXX | 6.2x | XXX | XXX | XXX |
| EV/EBIT | 13.3x | XXX | 14.2x | XXX | XXX | XXX |
| EV/Gross Profit | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| P/E | 25.4x | XXX | 27.9x | XXX | XXX | XXX |
| EV/FCF | 9.2x | XXX | 6.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Zalando Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Zalando Margins & Growth Rates
Zalando's revenue in the last 12 month grew by 13%.
Zalando's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.3M for the same period.
Zalando's rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Zalando's rule of X is 43% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Zalando Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | 20% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 43% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 37% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Zalando Public Comps
See public comps and valuation multiples for other Consumer E-commerce and Vertical E-commerce comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Zalando | XXX | XXX | XXX | XXX | XXX | XXX |
| Vipshop | XXX | XXX | XXX | XXX | XXX | XXX |
| Meesho | XXX | XXX | XXX | XXX | XXX | XXX |
| Zozo | XXX | XXX | XXX | XXX | XXX | XXX |
| Vishal Mega Mart | XXX | XXX | XXX | XXX | XXX | XXX |
| Nykaa | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Zalando M&A Activity
Zalando acquired XXX companies to date.
Last acquisition by Zalando was on XXXXXXXX, XXXXX. Zalando acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Zalando
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialZalando Investment Activity
Zalando invested in XXX companies to date.
Zalando made its latest investment on XXXXXXXX, XXXXX. Zalando invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Zalando
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Zalando
| When was Zalando founded? | Zalando was founded in 2008. |
| Where is Zalando headquartered? | Zalando is headquartered in Germany. |
| How many employees does Zalando have? | As of today, Zalando has over 15K employees. |
| Is Zalando publicly listed? | Yes, Zalando is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of Zalando? | Zalando trades under ZAL ticker. |
| When did Zalando go public? | Zalando went public in 2014. |
| Who are competitors of Zalando? | Zalando main competitors are Vipshop, Meesho, Zozo, Vishal Mega Mart. |
| What is the current market cap of Zalando? | Zalando's current market cap is $7B. |
| What is the current revenue of Zalando? | Zalando's last 12 months revenue is $15B. |
| What is the current revenue growth of Zalando? | Zalando revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Zalando? | Current revenue multiple of Zalando is 0.4x. |
| Is Zalando profitable? | Yes, Zalando is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Zalando? | Zalando's last 12 months EBITDA is $1B. |
| What is Zalando's EBITDA margin? | Zalando's last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of Zalando? | Current EBITDA multiple of Zalando is 5.8x. |
| What is the current FCF of Zalando? | Zalando's last 12 months FCF is $705M. |
| What is Zalando's FCF margin? | Zalando's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Zalando? | Current FCF multiple of Zalando is 9.2x. |
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