Filing Flows › Movado Group (MOV) › Q3 FY26
Movado Group (MOV) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Nov 25, 2025
Movado Group (MOV) reported revenue of $186M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and +15% from the quarter before. Operating margin was 6.3%, net earnings $9.6M (5.1% of revenue).
Movado Group, Q3 FY26: revenue $186M (+3% year over year), operating margin 6.3%, net earnings $9.6M, operating cash flow $12.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $186M | +15% | +3% |
| Gross profit | $101M | +15% | +5% |
| Operating profit | $11.7M | +193% | +94% |
| Net earnings | $9.6M | +221% | +99% |
| Operating cash flow | $12.3M | — | — |
| Free cash flow | $11.6M | — | — |
What changed
Revenue was $186.1M in Q3 FY26, up 3% year over year and up 15% from the previous quarter. Watch and Accessory Brands was the largest line at 87% of revenue. Watch and Accessory Brands added $3.1M year over year (up 2%), 54% of the total change.
Gross margin was 54.3%, up 0.8 points from a year earlier. Operating profit was $11.7M, a 6.3% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 101% reached operating profit, above the 3% margin then. Operating expenses fell 1% while revenue rose 3%. Net earnings were $9.6M, up 99% year over year. The effective tax rate was 25.3%.
Operating cash flow was $12.3M, 127% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $686K left free cash flow of $11.6M.
Questions
What was Movado Group's revenue in the third quarter fiscal 2026?
Movado Group (MOV) reported revenue of $186M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and +15% from the quarter before.
Was Movado Group profitable in the third quarter fiscal 2026?
Operating profit was $11.7M (6.3% of revenue) and net earnings $9.6M.
Source: Movado Group 10-Q on SEC EDGAR.