Deckers Outdoor (DECK) Q3 FY2026 earnings: revenue $2.0 billion, up 7.1% on the year

Deckers Outdoor Corp. (DECK) reported revenue of $2.0 billion for Q3 FY2026, the quarter ended 31 December 2025, up 7.1% on the same quarter a year earlier. Net income was $481 million, up 5.3% on the year, and diluted earnings per share $3.33. The figures are the company's own, from the 10-Q it filed with the SEC on 3 February 2026.

Revenue

$2.0 billion

+7.1% on the year · +36.8% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

31.4%

31.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

$481 million

+5.3% on the year · +79.4% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$3.33

+11.0% on the year · +83.0% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 5 raised, 1 new, 2 kept.

Record revenue and diluted EPS: Net sales rose 7.1% to $1.958 billion. Diluted EPS rose 11% to $3.33 from $3.00, which the company described as records for the quarter.
HOKA sales grew 18.5%: HOKA brand net sales rose to $628.9 million from $530.9 million in the prior-year quarter.
UGG sales grew 4.9%: UGG brand net sales rose to $1.305 billion from $1.244 billion in the prior-year quarter.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,958	1,431	1,827	+36.8%	+7.1%
Cost of revenue	786	627	725	+25.4%	+8.5%
Gross profit	1,171	804	1,103	+45.7%	+6.2%
Gross margin	59.8%	56.2%	60.3%
Selling, general and administrative	557	477	535	+16.7%	+4.0%
Operating income	614	327	567	+88.2%	+8.3%
Operating margin	31.4%	22.8%	31.0%
Interest expense	1.1	0.5	0.6	+105.2%	+75.2%
Income tax	146	74.2	127	+96.4%	+14.6%
Net income	481	268	457	+79.4%	+5.3%
Net margin	24.6%	18.7%	25.0%
Diluted EPS	$3.33	$1.82	$3.00	+83.0%	+11.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	1,042	8.1	1,095	+12,783.4%	-4.9%
Capital expenditure	21.6	22.0	24.4	-1.8%	-11.3%
Free cash flow	1,020	-13.9	1,071		-4.7%
Free cash flow margin	52.1%	-1.0%	58.6%
Cash from investing	-21.6	-22.0	-24.1
Cash from financing	-349	-292	-49.6
Depreciation and amortisation	18.0	19.7	17.2	-9.0%	+4.7%
Share-based compensation	11.8	11.2	8.9	+5.9%	+33.3%
Buybacks	349	282	44.7	+23.6%	+679.3%
Diluted shares, weighted	144m	148m	152m	-2.3%	-5.3%
Shares outstanding at period end	142m	146m	152m	-2.6%	-6.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	2,609	2,466	2,631	+5.8%	-0.8%
Debt	0.0	0.0	0.0
Operating lease liabilities	266	275	211	-3.1%	+26.1%
Other liabilities	1,227	1,043	1,122	+17.5%	+9.3%
Total liabilities and equity	4,102	3,784	3,964	+8.4%	+3.5%
Fixed assets	334	333	323	+0.0%	+3.1%
Goodwill	14.0	14.0	14.0	0.0%	0.0%
Intangible assets	15.7	15.7	15.8	-0.0%	-0.9%
Cash and equivalents	2,087	1,414	2,241	+47.5%	-6.9%
Receivables	344	539	303	-36.1%	+13.6%
Inventory	633	836	577	-24.2%	+9.9%
Other assets	674	632	490	+6.7%	+37.5%
Total assets	4,102	3,784	3,964	+8.4%	+3.5%

Questions

What was Deckers Outdoor's revenue in Q3 FY2026?

Deckers Outdoor (DECK) reported revenue of $2.0 billion for Q3 FY2026, the quarter ended 31 December 2025, up 7.1% on the same quarter a year earlier.

How much did Deckers Outdoor earn in Q3 FY2026?

Net income for Q3 FY2026 was $481 million, up 5.3% on the year, and diluted earnings per share $3.33.

When did Deckers Outdoor report Q3 FY2026 results?

Deckers Outdoor filed its 10-Q for the quarter ended 31 December 2025 with the SEC on 3 February 2026.

Quarterly results, the last 20 quarters

	Q3 FY2022	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027	Q2 FY2027
Revenue	1,188	736	614	876	1,346	792	676	1,092	1,560	960	825	1,311	1,827	1,022	965	1,431	1,958	1,119	1,020	1,481
Cost of revenue	567	377	320	454	633	395	329	509	644	420	355	578	725	442	427	627	786	475	444	585
Gross profit	621	359	295	422	713	396	346	583	917	539	470	733	1,103	580	538	804	1,171	645	575	895
Gross margin	52%	49%	48%	48%	53%	50%	51%	53%	59%	56%	57%	56%	60%	57%	56%	56%	60%	58%	56%	60%
SG&A	328	277	238	294	350	290	276	358	429	395	337	428	535	406	373	477	557	488	420	506
Operating income	293	81.3	56.3	128	363	106	70.7	225	488	144	133	305	567	174	165	327	614	157	155	389
Operating margin	25%	11%	9%	15%	27%	13%	10%	21%	31%	15%	16%	23%	31%	17%	17%	23%	31%	14%	15%	26%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	1.0	1.0	0.9	-0.4	1.0	1.2	0.6	0.7	0.9	0.5	1.1	0.0	2.2	1.4
Net income	233	68.8	44.8	102	279	91.8	63.6	179	390	128	116	242	457	151	139	268	481	136	130	313
Net margin	20%	9%	7%	12%	21%	12%	9%	16%	25%	13%	14%	18%	25%	15%	14%	19%	25%	12%	13%	21%
Diluted EPS	$1.40	$0.42	$0.28	$0.63	$1.75	$0.58	$0.40	$1.14	$2.52	$0.82	$0.75	$1.59	$3.00	$1.00	$0.93	$1.82	$3.33	$0.96	$0.94	$2.31
Operating cash flow	400	-55.0	-28.9	-208	715	59.5	125	-3.7	940	-28.7	113	-90.5	1,095	-73.0	36.1	8.1	1,042	95.8	47.9	-57.2
Capital expenditure	14.6	9.7	12.5	11.8	31.8	25.0	30.7	26.7	16.6	15.3	22.5	22.8	24.4	16.4	23.9	22.0	21.6	17.1	15.2	22.0
Free cash flow	385	-64.7	-41.4	-220	683	34.6	94.5	-30.4	924	-44.0	90.1	-113	1,071	-89.4	12.2	-13.9	1,020	78.8	32.7	-79.1
Buybacks	131	90.0	100.0	50.2	44.6	103	25.5	185	99.7	104	152	104	44.7	266	183	282	349	262	338	299
Shares outstanding	163m	162m	160m	159m	158m	157m	157m	155m	154m	154m	153m	152m	152m	150m	149m	146m	142m	140m	137m	134m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 December 2025, filed 3 February 2026: the filing.