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Crocs (CROX) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Crocs (CROX) Q3 2026 earnings results →

Q3 2026 Revenue up 5% year over year to $1.0B · 21¢ of every $1 of revenue kept as net profit · operating margin 28.0%

Crocs made $1.0B in Q3 2026 (+5% Y/Y): Crocs Brand $873M, HEYDUDE Brand $170M. Operating margin 28.0%, net earnings $217M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$1.0B
Year over year+5%
Operating margin28.0%
Net earnings$217M
Operating cash flow$290M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.0B in Q3 2026, up 5% year over year and down 12% from the previous quarter. Crocs Brand was the largest line at 84% of revenue. Crocs Brand added $0.04B year over year (up 4%), 79% of the total change.

Gross margin was 66.2%, up 7.6 points from Q3 2025. Operating profit was $0.29B, a 28.0% margin (up 7.2 points year over year). Of the extra revenue versus Q3 2025, 182% reached operating profit, above the 21% margin then. Operating expenses grew 6% against revenue growth of 5%. Net earnings were $0.22B, up 49% year over year. The effective tax rate was 21.9%.

Operating cash flow was $0.29B (up 21% year over year), 134% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.04B. After purchases of property, equipment, and software ($0.01B), free cash flow as the company reports it was $0.28B.

Quarterly history

Crocs revenue by quarterCrocs revenue by quarter$937MQ1 2025$1.1BQ2 2025$996MQ3 2025$958MQ4 2025$921MQ1 2026$1.2BQ2 2026$1.0BQ3 2026
Crocs net earnings by quarterCrocs net earnings by quarter$160MQ1 2025−$492MQ2 2025$146MQ3 2025$105MQ4 2025$138MQ1 2026$205MQ2 2026$217MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$1.0B+5%28.0%$217M$290M
Q2 202610-QJul 30, 2026$1.2B+3%24.2%$205M$352M
Q1 202610-QApr 30, 2026$921M-2%21.8%$138M−$80.9M
Q4 202510-KFeb 12, 2026$958M-3%15.3%$105M$253M
Q3 202510-QOct 30, 2025$996M-6%20.8%$146M$239M
Q2 202510-QAug 7, 2025$1.1B+3%-37.2%−$492M$286M
Q1 202510-QMay 8, 2025$937M-0.1%23.8%$160M−$67.2M

Charts

Crocs: revenue growth, year over year and quarter over quarterCrocs: revenue growth, year over year and quarter over quarterY/YQ/Q0%Q1 2025+3%+23%Q2 2025-6%-13%Q3 2025-3%-4%Q4 2025-2%-4%Q1 2026+3%+28%Q2 2026+5%-12%Q3 2026
Latest (Q3 2026): Y/Y +5%, Q/Q -12%.
Crocs: where the cash came from (+) and went (−), TTM to Q3 2026Crocs: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$814MBuybacks−$686MCapital spending−$59.7MNet borrowing (+) / repaid (−)−$39.0MOther financing−$17.3MCash drawn (+) / kept (−)−$9.4MExchange rates−$1.9M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Crocs: profit against cash, quarter by quarterCrocs: profit against cash, quarter by quarterNet incomeOperating cash flow$369M$322MQ4 2024$160M−$67.2MQ1 2025−$492M$286MQ2 2025$146M$239MQ3 2025$105M$253MQ4 2025$138M−$80.9MQ1 2026$205M$352MQ2 2026$217M$290MQ3 2026
Latest (Q3 2026): Net income $217M, Operating cash flow $290M.
Crocs: diluted shares by fiscal yearCrocs: diluted shares by fiscal year69MFY202064MFY202162MFY202262MFY202360MFY202454MFY2025
-20.9% since FY2020: buybacks shrank the count.
Crocs in its industry: growth against margin (4 companies, SIC 3021)Crocs in its industry: growth against margin (4 companies, SIC 3021)revenue growth, year over year →↑ operating marginmedian +5%median 26%NKEDECKFeel The World, Inc.CROX (+5%, 28%)
Rubber & Plastics Footwear; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Crocs

Crocs, Inc. and our consolidated subsidiaries (collectively, the “Company,” “we,” “us,” or “our”) are engaged in the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for all. We strive to be the world leader in innovative casual footwear, combining comfort and style with a value that consumers want. We have two reportable operating segments: the Crocs Brand and the HEYDUDE Brand, which are discussed in more detail in “Business Segments and Geographic Information” below.

In its own words, from its 10-K, filed Feb 12, 2026.

Crocs against its Rubber & Plastics Footwear peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +5%. Operating margin: 28.0% against the peers' median 26.3%.

CompanyQuarterRevenueY/YOp. margin
CROX CrocsQ3 2026$1.0B+5%28.0%
NKE NikeQ1 FY27$11.2B-4%8.2%
DECK Deckers OutdoorQ2 FY27$1.5B+4%26.3%
Feel The WorldQ2 2026$16.9M+15%5.2%

Source: Crocs 10-Q on SEC EDGAR · CIK 1334036 · Rubber & Plastics Footwear

13F: who owns CROX and who is buying

Largest holders of CROX (13F)Largest holders of CROX (13F)BlackRock$561MFMR LLC$423MVanguard Group$406MVanguard Capital Management LLC$261MVanguard Portfolio Management LLC$253MState Street$192MAmerican Century Companies$178MFuller & Thaler Asset Management$157MDimensional Fund Advisors LP$143MCitadel Advisors LLC$133M
Funds' net buying of CROX by quarter (13F)Funds' net buying of CROX by quarter (13F)$37.3M2024-09−$342M2024-12$69.1M2025-03−$85.3M2025-06−$507M2025-09−$65.9M2025-12−$86.2M2026-03−$143M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CROX

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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