Deckers Outdoor (DECK) Q4 FY2026 earnings: revenue $1.1 billion, up 9.6% on the year

Deckers Outdoor Corp. (DECK) reported revenue of $1.1 billion for Q4 FY2026, the quarter ended 31 March 2026, up 9.6% on the same quarter a year earlier. Net income was $136 million, down 10.5% on the year, and diluted earnings per share $0.96. The figures are the company's own, from the 10-K it filed with the SEC on 22 May 2026.

Revenue

$1.1 billion

+9.6% on the year · -42.8% on the quarter

Q1 FY2025Q4 FY2026

Operating margin

14.0%

17.0% a year earlier

Q1 FY2025Q4 FY2026

Net income

$136 million

-10.5% on the year · -71.8% on the quarter

Q1 FY2025Q4 FY2026

Diluted EPS

$0.96

-4.0% on the year · -71.2% on the quarter

Q1 FY2025Q4 FY2026

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

What management said

Guidance figures: 13 new.

Fourth-quarter net sales rose 9.6%: Fourth-quarter net sales were $1.119 billion, compared with $1.022 billion a year earlier.
Full-year net sales rose 9.8%: Full-year net sales were $5.472 billion, compared with $4.986 billion in the prior fiscal year.
Full-year diluted EPS reached $7.02: Full-year diluted EPS was $7.02, compared with $6.33 in the prior year.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Revenue	1,119	1,958	1,022	-42.8%	+9.6%
Cost of revenue	475	786	442	-39.6%	+7.4%
Gross profit	645	1,171	580	-45.0%	+11.2%
Gross margin	57.6%	59.8%	56.7%
Selling, general and administrative	488	557	406	-12.4%	+20.2%
Operating income	157	614	174	-74.5%	-9.9%
Operating margin	14.0%	31.4%	17.0%
Interest expense	0.0	1.1	0.7	-99.5%	-99.3%
Income tax	38.5	146	39.9	-73.6%	-3.6%
Net income	136	481	151	-71.8%	-10.5%
Net margin	12.1%	24.6%	14.8%
Diluted EPS	$0.96	$3.33	$1.00	-71.2%	-4.0%

$ million except per share.

Fourth quarters are the year less the first three quarters. 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	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Operating cash flow	95.8	1,042	-73.0	-90.8%
Capital expenditure	17.1	21.6	16.4	-20.9%	+3.9%
Free cash flow	78.8	1,020	-89.4	-92.3%
Free cash flow margin	7.0%	52.1%	-8.8%
Cash from investing	-17.1	-21.6	-16.4
Cash from financing	-260	-349	-265
Depreciation and amortisation	18.6	18.0	18.4	+3.7%	+1.0%
Share-based compensation	13.1	11.8	9.2	+11.2%	+43.2%
Buybacks	262	349	266	-24.9%	-1.6%
Diluted shares, weighted	142m	144m	152m	-1.9%	-6.7%
Shares outstanding at period end	140m	142m	150m	-1.7%	-6.8%

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	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Shareholders' equity	2,500	2,609	2,513	-4.2%	-0.5%
Debt	0.0	0.0	0.0
Operating lease liabilities	291	266	223	+9.5%	+30.9%
Other liabilities	897	1,227	835	-26.9%	+7.4%
Total liabilities and equity	3,688	4,102	3,570	-10.1%	+3.3%
Fixed assets	338	334	326	+1.3%	+3.7%
Goodwill	14.0	14.0	14.0	0.0%	0.0%
Intangible assets	15.6	15.7	15.7	-0.1%	-0.4%
Cash and equivalents	1,907	2,087	1,889	-8.6%	+1.0%
Receivables	319	344	333	-7.4%	-4.2%
Inventory	487	633	495	-23.1%	-1.7%
Other assets	607	674	498	-10.0%	+22.0%
Total assets	3,688	4,102	3,570	-10.1%	+3.3%

Questions

What was Deckers Outdoor's revenue in Q4 FY2026?

Deckers Outdoor (DECK) reported revenue of $1.1 billion for Q4 FY2026, the quarter ended 31 March 2026, up 9.6% on the same quarter a year earlier.

How much did Deckers Outdoor earn in Q4 FY2026?

Net income for Q4 FY2026 was $136 million, down 10.5% on the year, and diluted earnings per share $0.96.

When did Deckers Outdoor report Q4 FY2026 results?

Deckers Outdoor filed its 10-K for the year that ended with the quarter on 22 May 2026; the fourth quarter is the year less the first three.

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-K for the period ended 31 March 2026, filed 22 May 2026: the filing.