Revolve Q2 2026: Net Income Surges 86% on 12% Sales Growth, Gross Margin Expands

summarizeSummary

Revolve Group reported Q2 2026 net income of $18.6 million, up 86% year-over-year, on net sales of $347.4 million (+12%). Gross margin expanded to 56.6%, active customers grew to 3.04 million, and the company repurchased $9.9 million in shares.

check_boxKey Events · Earnings and Guidance · RVLV

• Net Income Surges 86%

  Driven by strong sales growth and margin expansion, Q2 2026 net income reached $18.6 million, up from $10.0 million in Q2 2025.

• Sales Growth Broad-Based

  Net sales rose 12% to $347.4 million, with the REVOLVE segment up 12.7% to $302.5 million and FWRD up 10.7% to $44.9 million. Active customers increased 11% to 3.04 million.

• Gross Margin Expands 250 bps

  Gross margin improved to 56.6% from 54.1%, aided by a $5.6 million IEEPA tariff refund recorded as a reduction in cost of sales, shallower markdowns, and favorable brand mix.

• Share Repurchases Signal Confidence

  During the quarter, the company repurchased 497,675 shares for $9.9 million at an average price of $19.98, retiring the shares.

auto_awesomeAnalysis · RVLV · Trade & Services

A standout quarter saw net income nearly double year-over-year to $18.6 million, propelled by a 12% increase in net sales to $347.4 million and a 250-basis-point gross margin expansion to 56.6%. The margin boost was aided by a $5.6 million tariff refund windfall, but underlying trends are strong: active customers grew 11% to over 3 million, and both the REVOLVE and FWRD segments posted double-digit sales growth. Signaling management confidence, the company also repurchased nearly half a million shares for $9.9 million. With $311.6 million in cash and no debt, Revolve is well-positioned to navigate tariff uncertainty and invest in growth initiatives like its new namesake label and beauty line.