Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Zalando SEWAR:ZAL 67 Net Margin % is 2.16% as of Jun. 2026, which is 8% above its 10-year median of 2.00. GuruFocus rates WAR:ZAL with a GF Score™ of 67/100 and a GF Value™ of zł141.99 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Zalando SE ranks worse than 63.63% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Zalando SE's Net Income for the
three
months ended in Jun. 2026 was zł316 Mil. Zalando SE's Revenue for the
three
months ended in Jun. 2026 was zł14,673 Mil. Therefore, Zalando SE's net margin for the quarter that ended in Jun. 2026 was 2.16%.
The historical rank and industry rank for Zalando SE's Net Margin % or its related term are showing as below:
WAR:ZAL'
s Net Margin % Range Over the Past 10 Years
Min: 0.16 Med: 2 Max: 3.31
Current: 0.91
WAR:ZAL's Net Margin % is ranked worse than 63.63% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 2.31
vs WAR:ZAL: 0.91
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Zalando SE Net Margin % Related Terms
Zalando SE Net Margin % Historical Data
* Premium members only.
The historical data trend for Zalando SE's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WAR:ZAL vs AMZN, BABA, PDD: Net Margin % Comparison
For the Internet Retail subindustry, Zalando SE's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Zalando SE Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Zalando SE's Net Margin % distribution charts can be found below:
* The bar in red indicates where Zalando SE's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Zalando SE (WAR:ZAL) has a Net Margin % of 2.16% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on Zalando SE and its competitors. This is near median its historical median of 2.00. Over the past decade, Zalando SE's Net Margin % has ranged from 0.16 to 3.31. According to the industry distribution chart, Zalando SE ranks #719 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 63.6%.
Is Zalando SE's Net Margin % too high?
Zalando SE's current Net Margin % of 2.16% is near median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 3.31. The Retail - Cyclical industry median Net Margin % is 2.31. Zalando SE's value of 2.16% is 6.5% below this industry median. Based on the distribution chart, Zalando SE ranks #719 out of 1130 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Zalando SE has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zalando SE's Net Margin % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Zalando SE ranks #719 out of 1130 companies for Net Margin %. This places Zalando SE in the lower half of its industry. The industry median Net Margin % is 2.31. Zalando SE's value of 2.16% is 6.5% below this benchmark. Historically, Zalando SE's own Net Margin % has ranged from 0.16 to 3.31 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 2.31, Zalando SE has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.31, based on 1,130 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zalando SE's current Net Margin % of 2.16% is 6.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Zalando SE and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalando SE's current Net Margin % is 2.16%, which is near median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zalando SE stock overvalued right now?
Based on GuruFocus' analysis, Zalando SE (WAR:ZAL) is currently considered Modestly Undervalued. The stock's GF Value™ is zł141.99, compared to a current price of zł108.15 — trading 23.8% below its estimated fair value. The current Net Margin % is 2.16%, which is near median its 10-year median of 2.00 and 6.5% below the Retail - Cyclical industry median of 2.31. Zalando SE's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Zalando SE (WAR:ZAL), the current Net Margin % is 2.16% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zalando SE (WAR:ZAL) Overvalued in 2026?
Based on GuruFocus' analysis, Zalando SE stock appears to be undervalued.
The current stock price of zł108.15 is trading 23.8% below its estimated GF Value™ of zł141.99.
GuruFocus considers Zalando SE to be Modestly Undervalued.
Key valuation signals for WAR:ZAL:
Net Margin %: 2.16% (near median its 10-year median of 2.00)
GF Value™: zł141.99 vs. price of zł108.15 (23.8% below fair value)
Industry Position: 6.5% below the Retail - Cyclical median (#719 of 1130)
No single metric tells the full story. See the WAR:ZAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. After the About You acquisition, it has 17 fulfillment centers, offers over 7,000 brands, and as of September 2025, had 62 million active users (more than 10% of the population in countries where the firm has a presence).
67GF Score
Get the complete analysis for WAR:ZAL
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:ZAL has been successfully added to your 
