Filing Flows › Crocs (CROX) › Q3 2026 › vs Q2 2026
Crocs (CROX) Q3 2026 vs Q2 2026 (quarter over quarter)
Crocs's revenue fell $137M (-12%) from $1.2B in Q2 2026 to $1.0B in Q3 2026. The biggest changes: Crocs Brand −$128M (-13%); HEYDUDE Brand −$9.2M (-5%). Gross margin 66.2% against 59.4% (+6.7 pts).
Crocs, Q3 2026: revenue $1.0B (+5% year over year), operating margin 28.0%, net earnings $217M, operating cash flow $290M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 66.2% | 59.4% | +6.7 pts |
| Operating margin | 28.0% | 24.2% | +3.8 pts |
| Net margin | 20.8% | 17.4% | +3.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Crocs Brand | $873M | $1.0B | −$128M | -13% |
| HEYDUDE Brand | $170M | $179M | −$9.2M | -5% |
| Revenue | $1.0B | $1.2B | −$137M | -12% |
| Gross profit | $690M | $701M | −$11.0M | -2% |
| Cost of revenue | $353M | $479M | −$126M | -26% |
| Operating profit | $292M | $286M | $6.2M | +2% |
| Operating expenses | $398M | $415M | −$17.2M | -4% |
| Pre-tax earnings | $277M | $264M | $13.5M | +5% |
| Other expense, net | $14.5M | $21.8M | −$7.3M | -33% |
| Net earnings | $217M | $205M | $11.9M | +6% |
| Income tax | $60.7M | $59.0M | $1.6M | +3% |
| Depreciation & amortization | $20.6M | $20.0M | $543K | +3% |
| Share-based compensation | $11.6M | $14.2M | −$2.6M | -18% |
| Working capital & other | $41.4M | $113M | −$71.1M | -63% |
| Operating cash flow | $290M | $352M | −$61.3M | -17% |
Questions
How much did Crocs's revenue grow quarter over quarter in Q3 2026?
Crocs's revenue fell $137M (-12%) from $1.2B in Q2 2026 to $1.0B in Q3 2026.
What drove Crocs's revenue change in Q3 2026?
Crocs Brand −$128M (-13%); HEYDUDE Brand −$9.2M (-5%).