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Deckers Outdoor (DECK) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Oct 29, 2026 · Deckers Outdoor (DECK) Q2 FY27 earnings results →

Q2 FY27 Revenue up 4% year over year to $1.5B · 21¢ of every $1 of revenue kept as net profit · operating margin 26.3%

Deckers Outdoor made $1.5B in Q2 FY27 (+4% Y/Y). Operating margin 26.3%, net earnings $313M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$1.5B
Year over year+4%
Operating margin26.3%
Net earnings$313M
Operating cash flow−$57.2M

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Deckers Outdoor Q2 FY27 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Deckers Outdoor Q2 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.5B in Q2 FY27, up 3% year over year and up 45% from the previous quarter.

Gross margin was 60.5%, up 4.3 points from Q2 FY26. Operating profit was $0.39B, a 26.3% margin (up 3.5 points year over year). Of the extra revenue versus Q2 FY26, 127% reached operating profit, above the 23% margin then. Operating expenses grew 6% against revenue growth of 3%. Net earnings were $0.31B, up 17% year over year. The effective tax rate was 22.4%.

Operating cash flow was −$0.06B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.40B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.08B.

Quarterly history

Deckers Outdoor revenue by quarterDeckers Outdoor revenue by quarter$1.0BQ4 FY25$965MQ1 FY26$1.4BQ2 FY26$2.0BQ3 FY26$1.1BQ4 FY26$1.0BQ1 FY27$1.5BQ2 FY27
Deckers Outdoor net earnings by quarterDeckers Outdoor net earnings by quarter$151MQ4 FY25$139MQ1 FY26$268MQ2 FY26$481MQ3 FY26$136MQ4 FY26$130MQ1 FY27$313MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QOct 29, 2026$1.5B+4%26.3%$313M−$57.2M
Q1 FY2710-QJul 30, 2026$1.0B+6%15.2%$130M$47.9M
Q4 FY2610-KMay 22, 2026$1.1B+10%14.0%$136M$95.8M
Q3 FY2610-QFeb 3, 2026$2.0B+7%31.4%$481M$1.0B
Q2 FY2610-QOct 31, 2025$1.4B+9%22.8%$268M$8.1M
Q1 FY2610-QJul 31, 2025$965M+17%17.1%$139M$36.1M
Q4 FY2510-KMay 23, 2025$1.0B+6%17.0%$151M−$73.0M

Charts

Deckers Outdoor: revenue growth, year over year and quarter over quarterDeckers Outdoor: revenue growth, year over year and quarter over quarterY/YQ/Q+6%Q4 FY25+17%-6%Q1 FY26+9%+48%Q2 FY26+7%+37%Q3 FY26+10%-43%Q4 FY26+6%-9%Q1 FY27+4%+45%Q2 FY27
Latest (Q2 FY27): Y/Y +4%, Q/Q +45%.
Deckers Outdoor: where the cash came from (+) and went (−), TTM to Q2 FY27Deckers Outdoor: where the cash came from (+) and went (−), TTM to Q2 FY27Buybacks−$1.2BOperating cash flow$1.1BCash drawn (+) / kept (−)$205MCapital spending−$75.9MOther financing−$11.5MTaxes on employees’ shares−$7.3MExchange rates$4.7MShares issued$4.3MOther investing$11K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Deckers Outdoor: profit against cash, quarter by quarterDeckers Outdoor: profit against cash, quarter by quarterNet incomeOperating cash flow$457M$1.1BQ3 FY25$151M−$73.0MQ4 FY25$139M$36.1MQ1 FY26$268M$8.1MQ2 FY26$481M$1.0BQ3 FY26$136M$95.8MQ4 FY26$130M$47.9MQ1 FY27$313M−$57.2MQ2 FY27
Latest (Q2 FY27): Net income $313M, Operating cash flow −$57.2M.
Deckers Outdoor: diluted shares by fiscal year (split-adjusted)Deckers Outdoor: diluted shares by fiscal year (split-adjusted)142MFY21139MFY22160MFY23156MFY24153MFY25146MFY26
+2.7% since FY21: more shares outstanding (issuance, stock pay); earlier years scaled for the 5-for-1 split before FY23.
Deckers Outdoor in its industry: growth against margin (4 companies, SIC 3021)Deckers Outdoor in its industry: growth against margin (4 companies, SIC 3021)revenue growth, year over year →↑ operating marginmedian +5%median 26%NKECROXFeel The World, Inc.DECK (+4%, 26%)
Rubber & Plastics Footwear; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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

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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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About Deckers Outdoor

We are a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. We market our products primarily under five proprietary brands: UGG, HOKA, Teva, AHNU, and Koolaburra. Our brands compete across the fashion and casual lifestyle, performance, running, and outdoor markets. We believe our products are distinctive and appeal to a broad demographic. Our brands sell our products through quality domestic and international retailers, international distributors, and directly to global consumers through our Direct-to-Consumer (DTC) channel, which is comprised of an e‑commerce and retail store presence.

In its own words, from its 10-K, filed May 23, 2025.

Deckers Outdoor against its Rubber & Plastics Footwear peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +5%. Operating margin: 26.3% against the peers' median 26.3%.

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

Source: Deckers Outdoor 10-Q on SEC EDGAR · CIK 910521 · Rubber & Plastics Footwear

Guidance and outlook

Deckers Outdoor Revenue: guidance against what was reportedDeckers Outdoor Revenue: guidance against what was reportedguided rangereported (above / within / below)FY24FY25$5.0BQ1 FY26$965MQ2 FY26$1.4BFY26$5.5BFY27
Met or beat 4 of 4 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns DECK and who is buying

Largest holders of DECK (13F)Largest holders of DECK (13F)Vanguard Group$1.7BBlackRock$1.3BVanguard Capital Management LLC$911MState Street$628MVanguard Portfolio Management LLC$590MFMR LLC$525MGeode Capital Management, LLC$424MInvesco$306MAQR Capital Management LLC$270MMorgan Stanley$243M
Funds' net buying of DECK by quarter (13F)Funds' net buying of DECK by quarter (13F)$15.5M2024-09−$511M2024-12$673M2025-03−$266M2025-06−$347M2025-09−$470M2025-12−$220M2026-03−$46.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DECK

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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