Zalando SE (ZAL) — Free Cash Flow Generation Index

Latest as of December 2025: 0.96x

Zalando SE (ZAL) has a Free Cash Flow Generation Index of 0.96x as of December 2025. Free cash flow of €843.30 Million represents 1% of operating cash flow (€881.80 Million). Read ZAL total debt and obligations for a breakdown of total debt and financial obligations.

FCF Generation Index

0.96x
Free Cash Flow / Operating CF

Free Cash Flow

€843.30 Million
EUR

Operating Cash Flow

€881.80 Million
EUR

Capital Expenditures

€38.50 Million
EUR

Zalando SE Free Cash Flow Generation Index (2014–2025)

Historical FCF Generation Index trend for Zalando SE across 12 annual periods. Explore Zalando SE (ZAL) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.

Annual Free Cash Flow Generation for Zalando SE (2014–2025)

Year-by-year Free Cash Flow Generation Index for Zalando SE. For the full company profile including market capitalisation, see how much is Zalando SE worth.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.91x €1.03 Billion €1.13 Billion €98.00 Million ▲ +33.5%
2024 0.68x €447.30 Million €654.10 Million €206.80 Million ▼ -5.4%
2023 0.72x €686.30 Million €949.50 Million €263.20 Million ▲ +206.9%
2022 0.24x €108.30 Million €459.90 Million €351.60 Million ▼ -48.8%
2021 0.46x €283.30 Million €616.20 Million €332.90 Million ▼ -12.6%
2020 0.53x €277.30 Million €527.40 Million €250.10 Million ▲ +731.1%
2019 0.06x €20.70 Million €327.20 Million €306.50 Million ▲ +120.5%
2018 -0.31x €-65.60 Million €212.80 Million €278.40 Million ▼ -18.9%
2017 -0.26x €-50.20 Million €193.70 Million €243.90 Million ▼ -176.0%
2016 0.34x €94.10 Million €275.80 Million €181.70 Million ▼ -31.4%
2015 0.50x €59.40 Million €119.40 Million €60.00 Million ▼ -29.8%
2014 0.71x €123.80 Million €174.80 Million €51.00 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).