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How Steven Madden (SHOO) makes money
Steven Madden (SHOO) made $773M of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Of every dollar of revenue, 45¢ was left as gross profit, 9¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $773M | 100.0% |
| Cost of revenue | $428M | 55.4% |
| Gross profit | $344M | 44.6% |
| Operating expenses | $271M | 35.1% |
| Operating profit | $73.2M | 9.5% |
| Income tax | $18.7M | 2.4% |
| Net earnings | $52.4M | 6.8% |
| Operating cash flow | $3.5M | 0.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $773M | +16% |
| Q2 2026 | $666M | +19% |
| Q1 2026 | $653M | +18% |
| Q4 2025 | $754M | +29% |
| Q3 2025 | $668M | +7% |
| Q2 2025 | $559M | +7% |
| Q1 2025 | $554M | +0.2% |
From Steven Madden's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Steven Madden make money?
Steven Madden (SHOO) made $773M of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Of every dollar of revenue, 45¢ was left as gross profit, 9¢ was left as operating profit, 7¢ was left as net earnings.
What is Steven Madden's profit margin?
Net earnings were $52.4M, 6.8% of revenue, in the third quarter 2026; the operating margin was 9.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.