Steven Madden (SHOO) Operating Expenses (2011 - 2026)
Steven Madden (SHOO) reported Operating Expenses of $258.3 million for Q1 2026, up 45.71% on a YoY basis from $177.3 million in Q1 2025, and down 8.03% quarter-over-quarter from $280.8 million in Q4 2025.
Steven Madden (SHOO) Operating Expenses (2011 - 2026) Analysis & Trends
Steven Madden has reported Operating Expenses for 16 years, with the latest figure at $258.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 45.71% year-over-year to $258.3 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 47.44% YoY), and the FY2025 full-year result was $968.0 million, up 38.49% from the prior year.
- Operating Expenses for Q1 2026 stood at $258.3 million, down from $280.8 million in the prior quarter.
- The five-year high for Operating Expenses was $280.8 million in Q4 2025, with the low at $130.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $183.8 million across 5 years, with a median of $164.7 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses retreated 4.39% — and 2025, when it surged 61.18%.
- Steven Madden's Operating Expenses stood at $153.1 million in 2022, then increased by 9.95% to $168.4 million in 2023, then gained by 13.79% to $191.6 million in 2024, then surged by 46.58% to $280.8 million in 2025, then fell by 8.03% to $258.3 million in 2026.
- The last three Operating Expenses figures came in at $258.3 million (Q1 2026), $280.8 million (Q4 2025), and $246.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 102.63 Bn | 102.39 Bn | 390.51 Mn | -38.60 Mn |
| 2 | Nike | 65.09 Bn | 57.03 Bn | 4.53 Bn | 2.89 Bn |
| 3 | Deckers Outdoor | 16.02 Bn | 13.93 Bn | 1.17 Bn | 556.99 Mn |
| 4 | Crocs | 6.13 Bn | 6.00 Bn | 522.95 Mn | 322.10 Mn |
| 5 | Steven Madden | 3.14 Bn | 3.10 Bn | 357.42 Mn | 258.29 Mn |
| 6 | Wolverine World Wide | 1.98 Bn | 1.79 Bn | 243.40 Mn | 192.40 Mn |
| 7 | On Holding AG | 1.66 Bn | 264.30 Mn | 682.30 Mn | -532.38 Mn |
| 8 | Forward Industries | 381.04 Mn | 355.65 Mn | 16.85 Mn | 3.25 Mn |
| 9 | Designer Brands | 349.93 Mn | 299.82 Mn | 315.32 Mn | 299.21 Mn |
| 10 | Weyco | 343.83 Mn | 246.40 Mn | 33.84 Mn | 23.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 258.29 Mn |
| Dec 31, 2025 | 280.83 Mn |
| Sep 30, 2025 | 246.02 Mn |
| Jun 30, 2025 | 263.87 Mn |
| Mar 31, 2025 | 177.26 Mn |
| Dec 31, 2024 | 191.59 Mn |
| Sep 30, 2024 | 178.92 Mn |
| Jun 30, 2024 | 163.71 Mn |
| Mar 31, 2024 | 164.72 Mn |
| Dec 31, 2023 | 168.37 Mn |
| Sep 30, 2023 | 149.89 Mn |
| Jun 30, 2023 | 145.83 Mn |
| Mar 31, 2023 | 148.58 Mn |
| Dec 31, 2022 | 153.13 Mn |
| Sep 30, 2022 | 150.72 Mn |
| Jun 30, 2022 | 152.53 Mn |
| Mar 31, 2022 | 130.00 Mn |
| Dec 31, 2021 | 155.96 Mn |
| Sep 30, 2021 | 131.58 Mn |
| Jun 30, 2021 | 121.86 Mn |