Steven Madden, Ltd. has recently released its 10-K report, providing a comprehensive overview of the company's financial performance and operations. The company, incorporated in 1990 and headquartered in Long Island City, New York, is a leading designer, sourcer, and marketer of fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally.
The 10-K report highlights the company's four reportable operating segments: Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to-Consumer, and Licensing. These segments encompass the design, sourcing, and marketing of various products, including footwear, handbags, apparel, and accessories, under well-known brand names such as Steve Madden, Dolce Vita, Betsey Johnson, Blondo, and Anne Klein.
The report also discusses the company's recent developments, including strategic acquisitions and joint ventures. In 2025, Steven Madden, Ltd. acquired a controlling financial interest in entities in Australia and Malaysia, expanded its distribution in Greater China, and completed the acquisition of the Kurt Geiger business, which operates primarily in the United Kingdom, U.S., and Europe.
In terms of financial highlights, the 10-K report reveals that the company reported total revenue of $2,534,109 in 2025, marking an 11.0% increase compared to the previous year. However, net income attributable to Steven Madden, Ltd. was $44,661 in 2025, a decrease from $169,390 in 2024. The company's effective tax rate for 2025 was 36.9%, compared to 23.7% in 2024. Additionally, the report provides insights into the company's retail footprint, with 399 brick-and-mortar retail stores and seven e-commerce platforms in operation as of December 31, 2025, compared to 291 brick-and-mortar retail stores and five e-commerce platforms in 2024.
Moreover, the 10-K report delves into the company's operational efficiency, inventory turnover, accounts receivable, and financial position. It also discusses the macroeconomic conditions and industry trends that have influenced the company's business operations, including trade policy, interest rates, foreign currency volatility, and consumer sentiment.
The report outlines Steven Madden, Ltd.'s key strategic initiatives aimed at driving long-term growth and creating shareholder value, such as product innovation, marketing investments, international expansion, and strengthening the core U.S. wholesale business. Additionally, the company's commitment to corporate social responsibility and sustainability initiatives is underscored in the report.
Today the company's shares have moved -1.36% to a price of $45.60. For more information, read the company's full 10-K submission here.
