Crocs (CROX) Earnings: Q3 2026 Results
Last updated November 2026
Short answer
Crocs reported revenue of $1.0 billion for Q3 2026, up 5% from a year earlier (Crocs, Oct 29, 2026). Diluted EPS was $4.52, up 67% from $2.70. Crocs Brand brought in $873 million, up 4%. Every figure is from Crocs's release. Walnut is informational, not investment advice.
CROX Q3 2026 results
In one sentence
Crocs reported revenue of $1.0 billion for Q3 2026, up 5% from a year earlier (Crocs, Oct 29, 2026).
| Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $1,043 million | $996 million | up 5% |
| Diluted EPS (GAAP) | $4.52 | $2.70 | up 67% |
| Diluted EPS (adjusted diluted) | $3.69 | $2.92 | up 26% |
| Net income | $217 million | $146 million | up 49% |
The quarter ended September 30, 2026 and Crocs published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Crocs reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted diluted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.
- GAAP gross profit includes $64.1 million of IEEPA tariff refunds, which followed the February 20, 2026 U.S. Supreme Court ruling. Crocs calls them non-recurring and excludes them from adjusted results.
- The release reports in thousands; this page shows millions.
Source: Crocs Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.
CROX revenue by segment
How Crocs splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.
| Revenues by brand | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Crocs Brand | $873 million | $836 million | up 4% |
| North America | $438 million | $448 million | down 2% |
| International | $434 million | $389 million | up 12% |
| HEYDUDE Brand | $170 million | $160 million | up 6% |
- Crocs's Crocs Brand revenue was $873 million in Q3 2026, up 4% from $836 million in Q3 2025, 84% of total revenue.
- Crocs's HEYDUDE Brand revenue was $170 million in Q3 2026, up 6% from $160 million in Q3 2025, 16% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
Crocs's outlook for Q4 and full year 2026
From the earnings release
In its Q3 2026 release, Crocs said:
“Revenues to be up approximately 3% compared to full year 2025, up from our previous guidance of up 1% to 2% at currency rates as of October 26, 2026.”
“Adjusted diluted earnings per share to be in the range of $14.45 to $14.65, up from our previous guidance range of $13.70 to $14.00.”
“Revenues to be up approximately 7% to 9% compared to the fourth quarter of 2025, at currency rates as of October 26, 2026.”
“Adjusted diluted earnings per share to be in the range of $3.25 to $3.45.”
Source: Crocs Q3 2026 release, Oct 29, 2026.
This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CROX forecast page.
CROX recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Sep 30, 2026 | $1,043 million | $4.52 | Oct 29, 2026 |
Q2 2026 ended Jun 30, 2026 | $1,179 million | $4.13 | Jul 30, 2026 |
Q1 2026 ended Mar 31, 2026 | $921 million | $2.71 | Apr 30, 2026 |
Q4 2025 ended Dec 31, 2025 | $958 million | $2.03 | Feb 12, 2026 |
Q3 2025 ended Sep 30, 2025 | $996 million | $2.70 | Oct 30, 2025 |
GAAP revenues and diluted EPS, each as first reported in that quarter's release.
When does CROX report earnings next?
We do not hold a confirmed date for Crocs's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.
Past Crocs quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 2026 (this page), reported Oct 29, 2026
What Crocs's revenue is made of
Crocs sells two footwear brands. In Q3 2026 the Crocs Brand, built around clogs, sandals and Jibbitz charms, brought in $872.7 million, up 4.4%, and HEYDUDE, whose loafers, sneakers and boots sell mostly in North America, brought in $169.9 million, up 6.1%. Consolidated revenues rose 4.6% to $1,042.6 million, on a reported and constant currency basis. (Crocs Q3 2026 release, Oct 29, 2026; Crocs Form 10-K, 2025, Feb 12, 2026)
Crocs' 10-Q splits the 4.6% revenue increase by driver: higher unit sales volume in both brands added $37.6 million, or 3.8%, and a higher average selling price, driven by the Crocs Brand, added $9.0 million, or 0.9%, while exchange rates were about flat. (Crocs Form 10-Q, Q3 2026, Oct 29, 2026)
Crocs Brand international revenues rose 11.8% to $434.4 million, with international direct-to-consumer up 24.1%, while North America fell 2.1% to $438.4 million and North America wholesale fell 4.9%. The release says North America DTC includes an approximate (2.7%) effect from a business model change Crocs began implementing during the quarter. (Crocs Q3 2026 release, Oct 29, 2026)
HEYDUDE wholesale revenues rose 14.0% to $79.1 million, while its direct-to-consumer revenues were flat at $90.8 million, up 0.1%. Across both brands, DTC revenues grew 6.9% and wholesale 1.8%. (Crocs Q3 2026 release, Oct 29, 2026)
What Crocs's EPS includes
Crocs' GAAP diluted EPS of $4.52 was higher than its adjusted EPS of $3.69 in Q3 2026 because GAAP gross profit includes $64.1 million of IEEPA tariff refunds, following the February 20, 2026 Supreme Court ruling that struck down tariffs imposed under the International Emergency Economic Powers Act. Crocs treats the refunds as non-recurring. GAAP gross margin was 66.2%; adjusted gross margin was 60.3%, up 180 basis points from 58.5%. (Crocs Q3 2026 release, Oct 29, 2026; Crocs Form 10-Q, Q3 2026, Oct 29, 2026)
Adjusted results also add back $3.1 million of distribution center transition costs, including the move away from a third-party logistics provider for HEYDUDE, and about $1.1 million of SG&A from cost savings initiatives. Adjusted income from operations rose 11.7% to $232 million, an adjusted operating margin of 22.3% against 20.8%. The effective tax rate was 21.9% against 23.0%. (Crocs Q3 2026 release, Oct 29, 2026; Crocs Form 10-Q, Q3 2026, Oct 29, 2026)
Crocs' diluted weighted average shares fell to 47,954 thousand from 53,989 thousand a year earlier. Crocs repurchased about 2.0 million shares for $250.0 million in the quarter at an average price of $123.32, and about $1.7 billion of authorization remained at quarter-end. (Crocs Q3 2026 release, Oct 29, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at Crocs
Crocs gives a quarterly and full-year outlook in its release, and raised its full-year 2026 outlook for the third time. It now expects 2026 revenues up about 3% from 2025, from 1% to 2% before, with the Crocs Brand up about 4% and HEYDUDE about flat, and adjusted diluted EPS of $14.45 to $14.65, from $13.70 to $14.00. (Crocs Q3 2026 release, Oct 29, 2026)
For Q4 2026, Crocs expects revenues up about 7% to 9%, with the Crocs Brand up 6% to 8% and HEYDUDE up 10% to 12%, an adjusted operating margin of about 20.5% and adjusted diluted EPS of $3.25 to $3.45. Neither EPS range assumes future share repurchases, and the 2026 outlook includes a non-GAAP net benefit of $40 million, primarily from tariff refunds and cost reductions. (Crocs Q3 2026 release, Oct 29, 2026)
A consensus figure is the average of the models published by the analysts who cover Crocs, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at Crocs
The figures below are the ones Crocs's own release and filings put weight on for Q3 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| Crocs Brand international revenues | $434.4 million, up 11.8% International DTC up 24.1% Crocs Q3 2026 release, Oct 29, 2026 |
| HEYDUDE Brand revenues | $169.9 million, up 6.1% Wholesale up 14.0%; DTC up 0.1% Crocs Q3 2026 release, Oct 29, 2026 |
| Adjusted gross margin | 60.3%, up 180 bps from 58.5% GAAP gross margin 66.2%, including IEEPA tariff refunds Crocs Q3 2026 release, Oct 29, 2026 |
| Adjusted operating margin | 22.3%, against 20.8% Crocs Q3 2026 release, Oct 29, 2026 |
| Share repurchases | $250.0 million, about 2.0 million shares Average price $123.32 Crocs Q3 2026 release, Oct 29, 2026 |
| Inventories | $413 million, against $397 million Total borrowings $1.29 billion, against $1.32 billion Crocs Q3 2026 release, Oct 29, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning CROX is on is CROX a buy or a sell?, what analysts expect next is on the CROX forecast, and what the company does is on the Crocs (CROX) stock page.
How to check CROX's figures yourself
Every number on this page can be traced to a document Crocs published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about Crocs
Ask Walnut's AI anything about CROX and see how it fits what you own.
FAQ
What was Crocs's revenue last quarter?
+
Crocs reported revenue of $1,043 million for Q3 2026, the quarter ended September 30, 2026, against $996 million in Q3 2025 (up 5%). The figures come from Crocs's results release of October 29, 2026.
What guidance did Crocs give for Q4 and full year 2026?
+
In its Q3 2026 release, Crocs said: "Revenues to be up approximately 3% compared to full year 2025, up from our previous guidance of up 1% to 2% at currency rates as of October 26, 2026. Adjusted diluted earnings per share to be in the range of $14.45 to $14.65, up from our previous guidance range of $13.70 to $14.00. Revenues to be up approximately 7% to 9% compared to the fourth quarter of 2025, at currency rates as of October 26, 2026. Adjusted diluted earnings per share to be in the range of $3.25 to $3.45." That is the company's own outlook as of Oct 29, 2026, and companies revise outlooks as the quarter goes on.
When does CROX report earnings next?
+
We do not hold a confirmed date for Crocs's next report. Companies announce the date on their investor relations site a few weeks ahead, usually with the time of the call.
Where does Crocs's revenue come from?
+
Crocs's Crocs Brand revenue was $873 million in Q3 2026, up 4% from $836 million in Q3 2025, 84% of total revenue. Crocs's HEYDUDE Brand revenue was $170 million in Q3 2026, up 6% from $160 million in Q3 2025, 16% of total revenue. These are the lines of Crocs's own "revenues by brand" table for Q3 2026.
How much did Crocs's revenue grow last quarter?
+
Up 5% on the year: $1,043 million in Q3 2026 against $996 million in Q3 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in Crocs's business do not distort it.
What is the difference between Crocs's GAAP and adjusted diluted EPS?
+
GAAP EPS follows US accounting rules and is the figure in the audited statements. Crocs's adjusted diluted EPS starts from it and removes items the company considers outside its operating results; the release lists each adjustment in a reconciliation table. For Q3 2026 the two were $4.52 and $3.69. Analysts' EPS estimates are usually built on the adjusted figure, so check which one a headline compares before you repeat it.
Where do the CROX numbers on this page come from?
+
From Crocs's own results release and its Form 10-Q for the quarter ended September 30, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from Crocs's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.
Guides that feature CROX
CROX is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.