Steven Madden (SHOO) Q3 FY2026 earnings: revenue $773 million, up 15.7% on the year

Steven Madden, Ltd. (SHOO) reported revenue of $773 million for Q3 FY2026, the quarter ended 30 September 2026, up 15.7% on the same quarter a year earlier. Net income was $52 million, up 155.3% on the year, and diluted earnings per share $0.72. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$773 million

+15.7% on the year · +16.0% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

9.5%

4.7% a year earlier

Q4 FY2024Q3 FY2026

Net income

$52 million

+155.3% on the year · +89.0% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.72

+148.3% on the year · +89.5% on the quarter

Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 1 raised, 1 narrowed, 1 kept.

Revenue rose 15.7% in the quarter: Total revenue was $772.6 million, up from $667.9 million in the third quarter of 2025. Net sales were $767.9 million and licensing income was $4.7 million.
Adjusted operating margin reached 10.2%: Adjusted income from operations was $78.9 million, or 10.2% of revenue, compared with $46.3 million, or 6.9%, a year earlier. GAAP income from operations was $73.2 million, or 9.5% of revenue.
GAAP diluted EPS was $0.72: Net income attributable to Steven Madden, Ltd. was $52.4 million. Adjusted diluted EPS was $0.79, compared with $0.43 a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	773	666	668	+16.0%	+15.7%
Cost of revenue	428	356	390	+20.3%	+9.7%
Gross profit	344	310	277	+11.2%	+24.1%
Gross margin	44.6%	46.5%	41.5%
Operating income	73.2	39.3	31.4	+86.2%	+133.5%
Operating margin	9.5%	5.9%	4.7%
Pre-tax income	71.4	38.1	26.4	+87.5%	+170.3%
Income tax	18.7	10.1	4.6	+84.8%	+307.9%
Effective tax rate	26.2%	26.6%	17.4%
Net income	52.4	27.7	20.5	+89.0%	+155.3%
Net margin	6.8%	4.2%	3.1%
Diluted EPS	$0.72	$0.38	$0.29	+89.5%	+148.3%

$ 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	3.5	205	23.4	-98.3%	-85.2%
Capital expenditure	14.4	8.5	14.8	+69.3%	-2.8%
Free cash flow	-10.9	196	8.6
Free cash flow margin	-1.4%	29.4%	1.3%
Cash from investing	-6.7	-9.8	-15.0
Cash from financing	-20.2	-178	-11.9
Depreciation and amortisation	9.2	9.2	11.2	+0.1%	-17.6%
Share-based compensation	8.6	8.5	7.5	+1.1%	+14.3%
Buybacks	0.3	1.0	0.2	-65.2%	+103.0%
Dividends paid	15.4	15.4	15.3	+0.1%	+0.7%
Dividend per share	$0.21	$0.21	$0.21	0.0%	0.0%
Diluted shares, weighted	73m	72m	71m	+0.6%	+2.0%
Shares outstanding at period end	73m	73m	73m	+0.0%	+0.7%

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	983	940	851	+4.7%	+15.6%
Non-controlling interest	32.7	32.5	35.3	+0.6%	-7.4%
Debt	120	125	294	-3.7%	-59.1%
Operating lease liabilities	195	194	190	+0.6%	+2.3%
Other liabilities	620	545	629	+13.7%	-1.4%
Total liabilities and equity	1,951	1,836	2,000	+6.3%	-2.4%
Fixed assets	119	114	112	+4.3%	+5.6%
Goodwill	256	256	274	+0.0%	-6.3%
Intangible assets	274	275	277	-0.4%	-1.3%
Investments	0.0	0.0	0.1
Cash and equivalents	71.3	94.7	109	-24.7%	-34.4%
Receivables	8.3	8.1	6.3	+1.4%	+31.0%
Inventory	415	377	476	+10.1%	-12.7%
Other assets	808	711	745	+13.6%	+8.4%
Total assets	1,951	1,836	2,000	+6.3%	-2.4%

Questions

What was Steven Madden's revenue in Q3 FY2026?

Steven Madden (SHOO) reported revenue of $773 million for Q3 FY2026, the quarter ended 30 September 2026, up 15.7% on the same quarter a year earlier.

How much did Steven Madden earn in Q3 FY2026?

Net income for Q3 FY2026 was $52 million, up 155.3% on the year, and diluted earnings per share $0.72.

When did Steven Madden report Q3 FY2026 results?

Steven Madden filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 * †	Q1 FY2022 †	Q2 FY2022 †	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
Revenue	578	560	535	557	471	464	445	553	520	552	524	625	582	554	559	668	754	653	666	773
Cost of revenue	340	332	317	327	272	269	255	320	305	328	306	365	347	327	333	390	434	296	356	428
Gross profit	238	228	218	229	199	195	190	233	215	225	217	260	235	226	226	277	320	357	310	344
Gross margin	41%	41%	41%	41%	42%	42%	43%	42%	41%	41%	41%	42%	40%	41%	40%	42%	42%	55%	47%	45%
Operating income	79.4	97.9	65.2	78.8	39.8	46.5	44.0	82.7	39.9	56.7	46.9	74.6	46.7	53.5	-40.3	31.4	36.2	98.7	39.3	73.2
Operating margin	14%	17%	12%	14%	8%	10%	10%	15%	8%	10%	9%	12%	8%	10%	-7%	5%	5%	15%	6%	9%
Pre-tax income	78.9	98.0	63.9	80.1	40.3	48.5	46.0	84.7	41.4	58.3	48.2	76.0	48.0	54.3	-34.8	26.4	31.7	95.1	38.1	71.4
Tax rate	16%	24%	24%	23%	21%	24%	24%	23%	11%	24%	23%	26%	21%	24%	n/a	17%	22%	25%	27%	26%
Net income	66.1	74.6	48.9	61.8	32.0	36.8	35.1	65.1	37.0	44.6	36.9	55.3	37.8	40.4	-39.5	20.5	24.7	71.8	27.7	52.4
Net margin	11%	13%	9%	11%	7%	8%	8%	12%	7%	8%	7%	9%	6%	7%	-7%	3%	3%	11%	4%	7%
Diluted EPS	$0.81	$0.94	$0.62	$0.79	$0.42	$0.48	$0.46	$0.87	$0.49	$0.60	$0.49	$0.77	$0.49	$0.57	-$0.56	$0.29	$0.32	$1.00	$0.38	$0.72
Operating cash flow	63.3	-19.4	59.7	26.5	201	-13.3	95.5	-4.5	151	-15.7	110	0.4	104	-18.8	66.5	23.4	91.1	-55.3	205	3.5
Capital expenditure	2.0	3.6	1.7	4.9	6.2	3.8	4.0	6.1	5.6	4.0	5.3	7.4	9.3	9.8	7.7	14.8	10.3	5.9	8.5	14.4
Free cash flow	61.3	-23.0	58.1	21.6	195	-17.1	91.5	-10.6	146	-19.7	104	-6.9	94.6	-28.7	58.8	8.6	80.8	-61.2	196	-10.9
Buybacks	48.5	42.4	34.6	35.1	36.8	38.5	25.8	40.0	38.1	37.3	38.2	20.2	2.6	7.8	0.4	0.2	5.2	7.4	1.0	0.3
Dividends paid	12.2	16.8	16.6	16.4	16.2	16.0	15.9	15.7	15.6	15.4	15.3	15.2	15.2	15.2	15.2	15.3	15.3	15.3	15.4	15.4
Shares outstanding	81m	80m	79m	78m	77m	76m	75m	75m	74m	73m	73m	72m	72m	73m	73m	73m	73m	73m	73m	73m
Filing	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	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. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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 30 September 2026, filed 6 November 2026: the filing.