Jun 2026 (Q2 FY26) — Jul 30, 2026
Crocs Q2 FY26 — Record Revenue, Strong Cash Flow, and Increased Share Repurchase Authorization
Read the full callCrocs (CROX) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Crocs earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,179 | +2.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 24.2 | +61.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 205 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
51 of 62 judged targets kept · 38 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | $4.15 to $4.35 | Mar 2026 | Adjusted diluted earnings per share of $4.55 was up 8% to prior year and ahead of our guidance of $4.15 to $4.30 per share | Achieved |
| Adjusted gross margin versus prior year | down approximately 150 basis points | Mar 2026 | enterprise adjusted gross margin of 60% was down 170 basis points to prior year, driven by 160 basis points of incremental tariff impact | Missed |
| Full-year adjusted diluted EPS | $12.88 to $13.35 | Dec 2025 | We are also raising our bottom line expectations for adjusted diluted earnings per share to now be in the range of $13.70 to $14 | Revised Up |
11 of Crocs, Inc.'s 100 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 97 more targets are in the full ledger.
Claimed
- Record enterprise revenues of $1.2 billion, up 2% to prior year.
- Crocs brand exceeded $1 billion in quarterly revenue for the first time ever.
- Strong direct-to-consumer growth for both brands: Crocs DTC up 12% and HEYDUDE DTC up 7%.
- Meaningful return of cash to shareholders: $251 million in share repurchases (2.3 million shares) and $31 million debt paydown.
- Board approved an additional $1.5 billion share repurchase authorization, bringing total available to approximately $2 billion.
Qualified
- Enterprise adjusted gross margin of 60% was down 170 basis points to prior year, driven by 160 basis points of incremental tariff impact.
- HEYDUDE brand revenue of $179 million was down 6% to prior year.
- HEYDUDE brand adjusted gross margin of 43.7% was down 650 basis points to prior year, driven by tariffs, channel, and product mix.
- Crocs North America is expected to be down for the full year, with declines led by the wholesale channel.
Price
$120.18 −2.40% · −$2.96
Performance +44.8% 1Y
1Y: $83 on 17 Oct 2025 → $120.18. High $141.19 (4 Aug 2026), low $73.39 (14 Nov 2025).
- Previous close
- $123.14
- 52-week range
- $73.39 – $141.19
- One year
- +45.96%
Overview
- Symbol
- CROX
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
51 of 62 judged targets kept · 38 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | $4.15 to $4.35 | Mar 2026 | Adjusted diluted earnings per share of $4.55 was up 8% to prior year and ahead of our guidance of $4.15 to $4.30 per share | Achieved |
| Adjusted gross margin versus prior year | down approximately 150 basis points | Mar 2026 | enterprise adjusted gross margin of 60% was down 170 basis points to prior year, driven by 160 basis points of incremental tariff impact | Missed |
| Full-year adjusted diluted EPS | $12.88 to $13.35 | Dec 2025 | We are also raising our bottom line expectations for adjusted diluted earnings per share to now be in the range of $13.70 to $14 | Revised Up |
Claimed
- Record enterprise revenues of $1.2 billion, up 2% to prior year.
- Crocs brand exceeded $1 billion in quarterly revenue for the first time ever.
- Strong direct-to-consumer growth for both brands: Crocs DTC up 12% and HEYDUDE DTC up 7%.
- Meaningful return of cash to shareholders: $251 million in share repurchases (2.3 million shares) and $31 million debt paydown.
- Board approved an additional $1.5 billion share repurchase authorization, bringing total available to approximately $2 billion.
Qualified
- Enterprise adjusted gross margin of 60% was down 170 basis points to prior year, driven by 160 basis points of incremental tariff impact.
- HEYDUDE brand revenue of $179 million was down 6% to prior year.
- HEYDUDE brand adjusted gross margin of 43.7% was down 650 basis points to prior year, driven by tariffs, channel, and product mix.
- Crocs North America is expected to be down for the full year, with declines led by the wholesale channel.
The full ledger
Open Crocs, Inc.’s full ledger
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Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Crocs Q1 FY26 — Strong DTC Performance and Raised HEYDUDE Outlook
Read the full callEvery analysed call
Crocs earnings calls (CROX)
Financials
What the filings say
Net profit, year on year: +142% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,062 | 990 | 937 | 1,149 | 996 | 958 | 921 | 1,179 |
| Operating profit | 270 | 200 | 223 | -428 | 208 | 146 | 201 | 286 |
| Operating margin | 25.4% | 20.2% | 23.8% | −37.2% | 20.8% | 15.3% | 21.8% | 24.2% |
| Interest | 26 | 23 | 23 | 23 | 22 | 21 | 20 | 20 |
| Profit before tax | 245 | 175 | 205 | -449 | 189 | 127 | 179 | 264 |
| Tax rate | 18.4% | −110.5% | 21.9% | −9.7% | 23.0% | 17.3% | 23.1% | 22.4% |
| Net profit | 200 | 369 | 160 | -492 | 146 | 105 | 138 | 205 |
| EPS ($ per share) | 3.38 | — | 2.85 | -8.82 | 2.72 | — | 2.74 | 4.17 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 121 | 240 | 553 | 1,279 | 1,819 | 2,612 | 3,562 | 3,481 |
| Total liabilities | 319 | 607 | 828 | 1,531 | 3,684 | 3,190 | 2,976 | 2,881 |
| Fixed assets | 22 | 47 | 57 | 108 | 182 | 238 | 244 | 238 |
| Total assets | 469 | 739 | 1,119 | 1,545 | 4,502 | 4,644 | 4,812 | 4,175 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 114 | 90 | 267 | 567 | 603 | 930 | 992 | 710 |
| Cash from investing | -10 | -36 | -42 | -56 | -2,151 | -116 | -69 | -51 |
| Cash from financing | -149 | -69 | -198 | -430 | 1,530 | -860 | -886 | -715 |
| Net cash flow | -50 | -15 | 27 | 78 | -22 | -42 | 31 | -50 |
| Capital expenditure | -12 | -37 | -42 | -56 | -104 | -116 | -69 | -51 |
| Free cash flow | 102 | 53 | 225 | 511 | 499 | 815 | 923 | 659 |
CROX revenue by segment
HEYDUDE Brand shrank from 19% to 15% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Crocs Brand | 81% | 77% | 81% | 83% | 84% | 80% | 83% | 85% | +4.3% |
| HEYDUDE Brand | 19% | 23% | 19% | 17% | 16% | 20% | 17% | 15% | -5.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- International 92% ↑ 23 pt
- North America 78% ↓ 15 pt
As CROX cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
56 filings between Nov 11, 2025 and Sep 22, 2026.
Open market
decisions to buy or sellPurchases
$836.1K
5 purchases by 3 insiders
Sales
$10.22M
12 sales by 3 insiders
Compensation
not trading decisions- 17
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 14
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 dispositions to the issuer, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Rees Andrew | — | $8.02M | Aug 10, 2026 |
| SMACH THOMAS J | $513.3K | $988.4K | Sep 15, 2026 |
| MEHLMAN ANNE | — | $1.22M | Feb 20, 2026 |
| REPLOGLE JOHN B | $223.5K | — | Nov 11, 2025 |
| KAPLAN BETH J | $99.2K | — | Sep 15, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 22, 2026 | REAGAN PATRAIC EVP, Chief Financial Officer | Tax withheld | 4,701 | $585.7K |
| Sep 15, 2026 | SMACH THOMAS J Director | Purchase | 680 | $75.8K |
| Sep 15, 2026 | KAPLAN BETH J Director | Purchase | 885 | $99.2K |
| Sep 10, 2026 | SMACH THOMAS J Director | Purchase | 3,000 | $328.3K |
| Sep 10, 2026 | SMACH THOMAS J Director | Purchase | 1,000 | $109.3K |
| Aug 10, 2026 | Rees Andrew Chief Executive Officer | Sale | 800 | $112.0K |
| Aug 10, 2026 | Rees Andrew Chief Executive Officer | Sale | 9,576 | $1.33M |
| Aug 10, 2026 | Rees Andrew Chief Executive Officer | Sale | 8,696 | $1.21M |
| Aug 7, 2026 | Rees Andrew Chief Executive Officer | Sale | 928 | $129.0K |
| Aug 7, 2026 | Rees Andrew Chief Executive Officer | Sale | 5,796 | $796.5K |
| Aug 7, 2026 | Rees Andrew Chief Executive Officer | Sale | 4,204 | $580.0K |
| Aug 4, 2026 | Rees Andrew Chief Executive Officer | Option exercise | 200,000 | $1.40M |
| Aug 4, 2026 | Rees Andrew Chief Executive Officer | Tax withheld | 105,610 | $14.91M |
| Jun 9, 2026 | REPLOGLE JOHN B Director | Award | 1,252 | $0 |
| Jun 9, 2026 | KAPLAN BETH J Director | Award | 1,252 | $0 |
| Jun 9, 2026 | TREFF DOUGLAS J Director | Award | 1,291 | $0 |
| Jun 9, 2026 | TREFF DOUGLAS J Director | Award | 1,252 | $0 |
| Jun 9, 2026 | FRASCH RONALD Director | Award | 1,252 | $0 |
| Jun 9, 2026 | SMACH THOMAS J Director | Award | 1,291 | $0 |
| Jun 9, 2026 | TOLMARE NEERAJ Director | Award | 1,095 | $0 |
| Jun 9, 2026 | SMACH THOMAS J Director | Award | 2,817 | $0 |
| Jun 9, 2026 | TOLMARE NEERAJ Director | Award | 1,252 | $0 |
| Jun 9, 2026 | HUGHES CHARISSE FORD Director | Award | 1,252 | $0 |
| Jun 9, 2026 | Bickley Ian Director | Award | 1,252 | $0 |
| Jun 5, 2026 | Rees Andrew Chief Executive Officer | Sale | 9,988 | $1.19M |
| Jun 5, 2026 | Rees Andrew Chief Executive Officer | Sale | 15,800 | $1.86M |
| Jun 5, 2026 | Rees Andrew Chief Executive Officer | Sale | 6,900 | $807.1K |
| May 22, 2026 | FRASCH RONALD Director | Gift | 500 | $0 |
| Apr 29, 2026 | REILLY TERENCE EVP, Chief Brand Officer | Tax withheld | 7,820 | $783.1K |
| Mar 22, 2026 | REAGAN PATRAIC EVP, Chief Financial Officer | Tax withheld | 3,523 | $280.7K |
| Mar 12, 2026 | Rees Andrew Chief Executive Officer | Tax withheld | 6,687 | $532.5K |
| Mar 12, 2026 | MEHLMAN ANNE EVP & Crocs Brand President | Tax withheld | 1,079 | $85.9K |
| Mar 11, 2026 | Rees Andrew Chief Executive Officer | Tax withheld | 7,267 | $584.3K |
| Mar 11, 2026 | Rees Andrew Chief Executive Officer | Disposition to issuer | 55,419 | $0 |
| Mar 11, 2026 | Campbell Rupert George EVP, President of HEYDUDE | Tax withheld | 564 | $45.3K |
| Mar 11, 2026 | Campbell Rupert George EVP, President of HEYDUDE | Disposition to issuer | 1,255 | $0 |
| Mar 11, 2026 | REILLY TERENCE EVP, Chief Brand Officer | Disposition to issuer | 3,588 | $0 |
| Mar 11, 2026 | MEHLMAN ANNE EVP & Crocs Brand President | Disposition to issuer | 10,608 | $0 |
| Mar 11, 2026 | REILLY TERENCE EVP, Chief Brand Officer | Tax withheld | 1,691 | $136.0K |
| Mar 11, 2026 | MEHLMAN ANNE EVP & Crocs Brand President | Tax withheld | 1,931 | $155.3K |
| Mar 10, 2026 | MEHLMAN ANNE EVP & Crocs Brand President | Award | 24,122 | $0 |
| Mar 10, 2026 | MEHLMAN ANNE EVP & Crocs Brand President | Award | 44,222 | $0 |
| Mar 10, 2026 | Rees Andrew Chief Executive Officer | Award | 207,853 | $0 |
| Mar 10, 2026 | REILLY TERENCE EVP, Chief Brand Officer | Award | 44,222 | $0 |
| Mar 10, 2026 | Campbell Rupert George EVP, President of HEYDUDE | Tax withheld | 987 | $81.8K |
| Mar 10, 2026 | Campbell Rupert George EVP, President of HEYDUDE | Award | 38,695 | $0 |
| Mar 10, 2026 | REAGAN PATRAIC EVP, Chief Financial Officer | Award | 44,222 | $0 |
| Mar 2, 2026 | MEHLMAN ANNE EVP & Crocs Brand President | Tax withheld | 630 | $54.7K |
| Mar 2, 2026 | Rees Andrew Chief Executive Officer | Tax withheld | 3,956 | $343.6K |
| Feb 20, 2026 | MEHLMAN ANNE EVP & Crocs Brand President | Sale | 12,145 | $1.22M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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