NASDAQ$SHOO

Steven Madden Ltd. · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Steven Madden reported Q4 2025, revenue of $753.7M, net income of $23.2M, diluted EPS of $0.32.

For Q4 2025, Steven Madden reported revenue of $753.7M, net income of $23.2M, diluted EPS was $0.32, adjusted diluted EPS was $0.48. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $753.7M.
  • Net income $23.2M.
  • Diluted EPS $0.32.
  • Adjusted diluted EPS $0.48.

Headline financials

Total Revenue

$754M

Previous: $582M+29.4%
EPS (adj)

$0.48

Previous: $0.55-12.7%
Gross Profit Margin

42.4%

Previous: 40.4%+5.0%
Adjusted Gross Margin

43.8%

Previous: 40.4%+8.4%
Operating Expenses %

37.3%

Previous: 32.9%+13.4%
Adjusted OpEx %

37.0%

Previous: 31.4%+17.8%
Operating Margin

4.8%

Previous: 8.0%-40.0%
Adjusted Operating Margin

6.8%

Previous: 9.0%-24.4%
Wholesale Gross Margin

30.7%

Previous: 30.5%+0.7%
Adj. Wholesale Margin

31.5%

Previous: 30.5%+3.3%
DTC Gross Margin

57.7%

Previous: 62.0%-6.9%
Adj. DTC Margin

59.8%

Previous: 62.0%-3.5%
Inventory

$417M

No prior period
Quarterly Dividend

$0.21

No prior period
Total Debt Outstanding

$234M

No prior period
Net Debt

$122M

No prior period
Net Income

$23.2M

No prior period
Operating Income

$36.2M

No prior period
Gross Profit

$320M

No prior period

Revenue & EPS history

Steve Madden · Revenue · Quarterly

$754M

Q4 2025+29.4%vs Q4 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Steve Madden · $116M total across 1 segment · Q3 2023

  • Direct-to-Consumer
    $116M-1.8%

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+1.7%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.8%

Avg return

30 days after

62%

40 / 65 earnings

Positive

+22.0%

Q2 2012

Best reaction

-10.2%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.4%-2.8%+10.9%
Q4 2025-6.5%-4.7%-11.4%
Q3 2025+13.7%+14.8%+33.6%
Q1 2025+16.4%+31.2%+24.0%
Q4 2024-8.0%-19.6%-29.7%
Q3 2024+0.9%+1.7%+1.2%
Q2 2024-2.1%-6.5%+1.4%
Q1 2024-0.7%+0.2%+10.0%
Q4 2023-1.9%-1.9%-3.1%
Q3 2023-1.5%+0.0%+15.5%
Q2 2023+9.6%+7.0%+6.2%
Q1 2023+0.7%+0.1%+1.7%
Q4 2022+6.4%+8.2%+4.1%
Q3 2022-2.1%+3.5%+17.5%
Q2 2022-3.5%-1.1%-7.6%
Q1 2022+0.9%+0.7%-10.0%
Q4 2021+5.1%+0.5%-2.1%
Q3 2021+11.1%+11.3%+2.7%
Q2 2021+1.2%+0.0%-4.6%
Q1 2021-4.7%-1.1%-2.6%
Q4 2020+2.5%-6.6%+1.6%
Q3 2020+6.3%+3.7%+43.0%
Q2 2020+1.5%-5.3%-4.3%
Q1 2020-8.8%-2.8%-11.4%
Q4 2019-6.2%-7.5%-31.4%
Q3 2019+14.7%+15.2%+19.9%
Q2 2019+2.3%-9.0%-1.6%
Q1 2019+5.4%+6.9%-9.7%
Q4 2018+0.6%+0.9%+3.2%
Q3 2018+7.3%+11.3%+8.1%
Q2 2018+2.6%+4.0%+7.1%
Q1 2018-0.1%+2.3%+9.5%
Q4 2017-0.7%-1.4%-0.7%
Q3 2017-10.2%-10.3%-0.1%
Q2 2017+2.0%+0.4%+3.4%
Q1 2017+2.8%+3.5%+0.3%
Q4 2016+0.8%-1.6%+2.1%
Q3 2016+5.7%+7.8%+13.5%
Q2 2016-5.3%-2.9%-2.3%
Q1 2016-3.3%
Q4 2015+3.7%
Q3 2015+4.2%
Q2 2015-0.1%
Q1 2015+5.4%
Q4 2014+6.5%
Q3 2014+1.8%
Q2 2014-7.6%
Q1 2014-3.4%
Q4 2013+3.6%
Q3 2013+4.8%
Q2 2013+3.7%
Q1 2013+2.6%
Q4 2009-0.7%
Q4 2012-1.5%
Q3 2012+0.0%
Q2 2012+22.0%
Q1 2012-3.8%
Q4 2011+4.1%
Q3 2010-4.8%
Q3 2011-4.8%
Q2 2011+2.7%
Q2 2010+4.2%
Q1 2010+4.2%
Q4 2010+4.2%
Q1 2011+4.2%

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