EarningsQ2 2026 Earnings Report
MX:RVLV Q2 2026 EPS Results
Actual EPS$4.75
Consensus EPS$3.92
Beat/MissBeat by +$0.82
One Year Ago EPS$2.56
MX:RVLV Q2 2026 Revenue Results
Actual Revenue$6.34B
Expected Revenue$6.24B
Beat/MissBeat by +$100.31M
YoY Revenue Growth+12.44%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:RVLV Upcoming Earnings
Revolve Group's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:RVLV Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call reflects strong top‑line momentum, profitable growth, and multiple strategic early wins (active customer acceleration, international expansion, FWRD luxury momentum, and very strong early demand for the Grow‑Good brand). Management is deliberately investing in long‑term initiatives — marketing, owned brands, physical retail, and AI — which weighed on near‑term expense lines and drove a negative Q2 free cash flow due to working capital timing. Gross margin expanded year‑over‑year excluding tariff refunds, but Q3 margin guidance is softer vs. a tough prior‑year comp and results benefited from tariff refunds. Overall, positives (growth, margin expansion ex‑refunds, customer metrics, product/brand momentum and AI/retail initiatives) materially outweigh the near‑term headwinds (higher marketing/G&A, shipping/input cost pressures, and inventory/working capital dynamics).Company Guidance
Net Sales Growth — Third Consecutive Quarter of Double-Digit Growth
Consolidated net sales of $347M in Q2 2026, up 12% year-over-year; REVOLVE segment +13% and FWRD segment +11%. Orders placed increased 11% to 2.7M.
Profitability — EPS, Net Income and Adjusted EBITDA Improvement
Net income of $19M and diluted EPS of $0.26 (includes $0.06 from IEEPA tariff refunds). Adjusted EBITDA rose to $27M from $23M a year ago (≈+17%), including a $5.6M tariff refund benefit.
Active Customer Momentum
Trailing 12‑month active customers accelerated to +11% year-over-year, surpassing 3.0M active customers. Company added ~115,000 active customers in the quarter — highest quarterly increase in four years.
International Strength and Mix Expansion
International net sales grew 16% year-over-year and accounted for nearly 23% of total net sales (the highest mix ever reported). Middle East and Mexico delivered notable outperformance.
Gross Margin Expansion (Excluding Tariff Refunds)
Reported consolidated gross margin was 56.6% (includes ~160 bps benefit from IEEPA tariff refunds). Excluding refunds, gross margin expanded ~90 bps year‑over‑year, driven by AI/data-driven markdown algorithm improvements.
Owned Brands, FWRD Luxury and New Product Wins
Owned brand penetration on REVOLVE increased for the sixth consecutive quarter. FWRD grew 11% (≈4x estimated market growth) with handbags rebounding; FWRD Summer Club capsule net sales were nearly +50% YoY. REVOLVE Los Angeles second drop showed stronger-than-first-drop sell-through.
Grow‑Good (Cardi B JV) Early Traction
Grow‑Good beauty launches sold out repeatedly; brand attracted ~670k Instagram followers quickly. Early metrics: average product review 4.9/5, repeat purchase rates near ~33% in early July (higher in most recent drop); products retail < $20 and are largely incremental customers. Company ordered larger restock for fall.
Technology & Physical Retail Progress
AI initiatives improved markdowns/search and internal analytics (plain‑English data queries, image search testing, in‑store video analytics for traffic/conversion). Preparing third physical store (Aventura Mall) for Q4 opening. Company repurchased ~500k Class A shares (~$10M), has $312M cash and no debt.
MX:RVLV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed