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Steven Madden (SHOO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Steven Madden (SHOO) Q3 2026 earnings results →
Q3 2026 Revenue up 16% year over year to $773M · 7¢ of every $1 of revenue kept as net profit · operating margin 9.5%
Steven Madden made $773M in Q3 2026 (+16% Y/Y). Operating margin 9.5%, net earnings $52.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
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 $772.6M in Q3 2026, up 16% year over year and up 16% from the previous quarter.
Gross margin was 44.6%, up 3.0 points from Q3 2025. Operating profit was $73.2M, a 9.5% margin (up 4.8 points year over year). Of the extra revenue versus Q3 2025, 40% reached operating profit, above the 5% margin then. Operating expenses grew 10% against revenue growth of 16%. Net earnings were $52.4M, up 155% year over year. The effective tax rate was 26.2%.
Operating cash flow was $3.5M (down 85% year over year), 7% of net earnings. Non-cash charges added back $9.2M of depreciation and amortization and $8.6M of share-based compensation. Working capital and other items used $66.9M. Capital expenditures of $14.4M exceeded it, leaving free cash flow of −$10.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $773M | +16% | 9.5% | $52.4M | $3.5M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $666M | +19% | 5.9% | $27.7M | $205M |
| Q1 2026 | 10-Q | May 8, 2026 | $653M | +18% | 15.1% | $71.8M | −$55.3M |
| Q4 2025 | 10-K | Mar 2, 2026 | $754M | +29% | 4.8% | $23.2M | $91.1M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $668M | +7% | 4.7% | $20.5M | $23.4M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $559M | +7% | -7.2% | −$38.7M | $66.5M |
| Q1 2025 | 10-Q | May 9, 2025 | $554M | +0.2% | 9.7% | $40.4M | −$18.8M |
Charts
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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About Steven Madden
Steven Madden, Ltd. and its subsidiaries design, source, and market fashion-forward branded and private label footwear, accessories, and apparel. We distribute our products through the wholesale channel to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs throughout the United States, the United Kingdom, Europe, Canada, and Mexico. Additionally, the Company operates in other international markets through its joint ventures in South Africa, the Middle East, Israel, Australia, various countries in Europe, Latin America, and certain countries in Asia, and through special distribution arrangements in various European countries, North Africa, South and Central America, and various countries within the Asia-Pacific region.
In its own words, from its 10-K, filed Mar 2, 2026.
Steven Madden against its Footwear, (No Rubber) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +13%. Operating margin: 9.5% against the peers' median 11.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SHOO Steven Madden | Q3 2026 | $773M | +16% | 9.5% |
| CAL Caleres | Q2 FY27 | $695M | +6% | 11.2% |
| WWW Wolverine World Wide | Q2 2026 | $506M | +7% | 9.3% |
| RCKY Rocky Brands | Q3 2026 | $139M | +13% | 13.1% |
Source: Steven Madden 10-Q on SEC EDGAR · CIK 913241 · Footwear, (No Rubber)
Guidance and outlook
13F: who owns SHOO and who is buying
More on SHOO
- How Steven Madden makes money: revenue by segment
- Steven Madden next earnings date and what analysts expect
- Steven Madden stock forecast, price target and fair value
- Who owns Steven Madden stock: holders, funds and Congress trades
- Steven Madden guidance and outlook
- Is Steven Madden a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results