Steven Madden, Ltd. (SHOO) Income Statement
SHOO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSHOO revenue and net income
Where SHOO's revenue goes
2025Each bar shows an amount and its share of revenue. SHOO kept 1.8% of revenue as net income.
SHOO profit margins
SHOO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.5% | +5.9% | +16.0% | +6.0% |
| Gross profit | +10.7% | +5.9% | +17.4% | +7.6% |
| Operating income | −69.4% | −37.5% | — | −8.7% |
| Net income | −73.6% | −40.9% | — | −8.9% |
| EPS (diluted) | −36.2% | −14.7% | +22.1% | +3.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SHOO quarterly EPS vs estimates
Steven Madden beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.68).
SHOO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $2.28B | $1.98B | $2.12B | $1.87B | $1.20B | $1.79B | $1.65B | $1.55B | $1.40B |
| Cost of revenue | $1.48B | $1.35B | $1.15B | $1.25B | $1.10B | $737.3M | $1.10B | $1.04B | $968.4M | $877.6M |
| Gross profit | $1.04B | $936.9M | $832.4M | $873.8M | $767.5M | $464.5M | $686.0M | $616.0M | $577.7M | $522.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | $663.9M | $590.4M | $577.4M | $499.5M | $399.4M | $473.9M | $441.3M | $413.1M | $345.2M |
| Total operating expenses | $968.0M | $712.0M | $619.2M | $592.2M | $523.9M | $496.1M | $509.2M | $442.7M | $407.0M | $352.8M |
| Operating income | $68.9M | $224.9M | $213.2M | $281.6M | $243.6M | −$31.6M | $176.8M | $173.4M | $169.8M | $169.2M |
| Interest income | — | $5.5M | $6.5M | $676,000 | $1.5M | $1.6M | $4.4M | $4.0M | $2.5M | $2.5M |
| Interest expense | $12.3M | — | $7.4M | $676,000 | $1.5M | $160.8M | $4.1M | $2.6M | $647,000 | $1.5M |
| Income before taxes | $77.7M | $230.5M | $220.6M | $282.3M | $242.1M | −$30.0M | $181.2M | $177.3M | $172.3M | $171.0M |
| Income taxes | $28.7M | $54.6M | $46.6M | $65.1M | $49.6M | −$11.7M | $39.5M | $46.8M | $53.2M | $49.7M |
| Net income | $44.7M | $169.4M | $171.6M | $216.1M | $190.7M | −$18.4M | $141.3M | $129.1M | $117.9M | $120.9M |
| EBITDA | $123.5M | $258.0M | $235.2M | $308.0M | $262.9M | $66.9M | $204.1M | $199.8M | $193.7M | $188.6M |
| EPS (diluted) | $1.71 | $2.68 | $2.46 | $2.76 | $2.44 | $0.63 | $1.95 | $1.84 | $1.48 | $1.32 |
| Gross margin | 41.1% | 41.0% | 42.0% | 41.2% | 41.1% | 38.7% | 38.4% | 37.3% | 37.4% | 37.3% |
| Operating margin | 2.7% | 9.9% | 10.8% | 13.3% | 13.1% | −2.6% | 9.9% | 10.5% | 11.0% | 12.1% |
| Net margin | 1.8% | 7.4% | 8.7% | 10.2% | 10.2% | −1.5% | 7.9% | 7.8% | 7.6% | 8.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $665.9M | $649.7M | $753.7M | $667.9M | $559.0M | $553.5M | $582.3M | $624.7M | $523.6M | $552.4M | $519.7M | $552.7M |
| Cost of revenue | $356.2M | $295.7M | $433.9M | $390.5M | $333.0M | $327.3M | $346.9M | $365.1M | $306.4M | $327.6M | $304.9M | $320.1M |
| Gross profit | $309.7M | $354.0M | $319.8M | $277.4M | $226.0M | $226.3M | $235.4M | $259.5M | $217.1M | $224.8M | $214.8M | $232.6M |
| Sales, general & admin | — | — | — | — | — | — | $36.6M | — | — | — | $22.5M | — |
| Total operating expenses | $270.3M | $258.3M | $283.6M | $246.0M | $266.3M | $172.8M | $188.7M | $185.0M | $170.3M | $168.1M | $174.9M | $149.9M |
| Operating income | $39.3M | $95.7M | $36.2M | $31.4M | −$40.3M | $53.5M | $46.7M | $74.6M | $46.9M | $56.7M | $39.9M | $82.7M |
| Interest income | — | — | — | — | — | $829,000 | $1.2M | $1.4M | $1.4M | $1.6M | — | $1.9M |
| Interest expense | $1.3M | $3.6M | $4.4M | $4.9M | $3.0M | — | — | — | — | — | $7.4M | — |
| Income before taxes | $38.1M | $95.1M | $31.7M | $26.4M | −$34.8M | $54.3M | $48.0M | $76.0M | $48.2M | $58.3M | $41.4M | $84.7M |
| Income taxes | $10.3M | $23.5M | $7.1M | $4.6M | $3.9M | $13.1M | $10.2M | $19.4M | $11.3M | $13.7M | $4.4M | $19.6M |
| Net income | $27.7M | $71.8M | $23.2M | $20.5M | −$39.5M | $40.4M | $34.8M | $55.3M | $35.4M | $43.9M | $35.9M | $64.4M |
| EBITDA | $48.4M | $100.9M | $69.4M | $37.6M | −$29.2M | $54.3M | $49.1M | $85.8M | $58.4M | $64.7M | $50.8M | $88.5M |
| EPS (diluted) | $0.44 | $0.45 | $0.48 | $0.43 | $0.20 | $0.60 | $0.55 | $0.91 | $0.57 | $0.65 | $0.61 | $0.88 |
| Gross margin | 46.5% | 54.5% | 42.4% | 41.5% | 40.4% | 40.9% | 40.4% | 41.5% | 41.5% | 40.7% | 41.3% | 42.1% |
| Operating margin | 5.9% | 14.7% | 4.8% | 4.7% | −7.2% | 9.7% | 8.0% | 11.9% | 9.0% | 10.3% | 7.7% | 15.0% |
| Net margin | 4.2% | 11.1% | 3.1% | 3.1% | −7.1% | 7.3% | 6.0% | 8.8% | 6.8% | 8.0% | 6.9% | 11.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SHOO's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SHOO financial results
In fiscal year 2025 (ended December 31, 2025), Steven Madden reported revenue of $2.5 billion, up 10.5% from the year before. It had net income of $44.7 million (down 73.6%), a net profit margin of 1.8%. Diluted earnings per share came to $1.71. Over five years revenue grew at an average rate of 16.0% a year.
See the SHOO stock overview for the latest quote and news, or the SHOO chart for price history and technical indicators.
SHOO income statement FAQ
What is Steven Madden's annual revenue?
Steven Madden reported total revenue of $2.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.5% from $2.3 billion the previous year.
Is Steven Madden profitable?
Yes. Steven Madden reported net income of $44.7 million in fiscal 2025, a net profit margin of 1.8%; its operating margin was 2.7%.
What is Steven Madden's gross margin?
Steven Madden's gross margin was 41.1% in fiscal 2025: for every $100 of revenue, Steven Madden kept $41 after the direct cost of its products and services.
How fast is Steven Madden growing?
Revenue grew 16.0% a year on average over the last five fiscal years, from $1.2 billion to $2.5 billion.
What are Steven Madden's earnings per share?
Steven Madden earned $1.71 per diluted share in fiscal 2025, compared with $2.68 a year earlier.
When will Steven Madden report its next earnings?
Steven Madden is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Steven Madden's fiscal year end?
Steven Madden's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.