Filing Flows › Steven Madden (SHOO) › Q1 2026
Steven Madden (SHOO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Steven Madden (SHOO) reported revenue of $653M for the first quarter 2026 (Q1 2026), +18% from a year earlier and -13% from the quarter before. Operating margin was 15.1%, net earnings $71.8M (11.0% of revenue).
Steven Madden, Q1 2026: revenue $653M (+18% year over year), operating margin 15.1%, net earnings $71.8M, operating cash flow −$55.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $653M | -13% | +18% |
| Gross profit | $357M | +12% | +58% |
| Operating profit | $98.7M | +173% | +85% |
| Net earnings | $71.8M | +210% | +78% |
| Operating cash flow | −$55.3M | -161% | — |
What changed
Revenue was $653.1M in Q1 2026, up 18% year over year and down 13% from the previous quarter.
Gross margin was 54.7%, up 13.9 points from Q1 2025. Operating profit was $98.7M, a 15.1% margin (up 5.5 points year over year). Of the extra revenue versus Q1 2025, 45% reached operating profit, above the 10% margin then. Operating expenses grew 50% against revenue growth of 18%. Net earnings were $71.8M, up 78% year over year. The effective tax rate was 24.7%.
Operating cash flow was −$55.3M. Non-cash charges added back $9.4M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items used $143.6M. Capital expenditures of $5.9M exceeded it, leaving free cash flow of −$61.2M.
Questions
What was Steven Madden's revenue in the first quarter 2026?
Steven Madden (SHOO) reported revenue of $653M for the first quarter 2026 (Q1 2026), +18% from a year earlier and -13% from the quarter before.
Was Steven Madden profitable in the first quarter 2026?
Operating profit was $98.7M (15.1% of revenue) and net earnings $71.8M.
Source: Steven Madden 10-Q on SEC EDGAR.