Inditex Reports Strong Q1 2026 Performance As Sales Reach €8.7 Bn
Global fashion retailer Inditex reported solid first-quarter results for 2026, driven by strong customer response to its Spring/Summer collections and continued execution of its integrated business model.
Revenue for the quarter ended April 30, 2026, increased 5.8% year-on-year to €8.7 billion, while sales in constant currency grew 8.8%. Gross profit rose 6.9% to €5.4 billion, with the gross margin improving to 61.2%, up 67 basis points from the same period last year.
Operating expenses remained under control, increasing 6.4%, while EBITDA grew 7.3% to €2.6 billion. EBIT rose 7% to €1.8 billion, and net income increased 5.4% to €1.4 billion.
Inditex ended the quarter with a net cash position of €10.8 billion and inventory levels just 1% higher than a year earlier, which the company described as high quality.
The retailer continued its store optimization strategy, carrying out refurbishments, relocations, openings and absorptions across 44 markets. At the end of the quarter, the group operated 5,456 stores globally.
Looking ahead, Inditex said its Spring/Summer collections continue to perform strongly, with store and online sales in constant currency rising 11.5% between May 1 and June 1 compared with the same period last year.
The company expects gross annual selling space to grow by around 5% in 2026 and plans capital expenditure of approximately €2.3 billion, focused on store optimization, technology integration, online platform development and logistics enhancements. Artificial intelligence is also being increasingly embedded across operations to improve efficiency and customer experience.
Inditex’s Board will propose a FY2025 dividend of €1.75 per share at the upcoming Annual General Meeting scheduled for July 7, 2026.
