Adidas Q3 2026 revenue grew 7% year over year, raises full-year guidance

On October 21, Adidas globally announced its preliminary results for the third quarter of 2026: global revenue reached 7.252 billion, up 7% year-on-year in currency-neutral terms; operating profit reached 1.008 billion; and gross margin improved by 2.5 percentage points to 54.3%. In the third quarter, Adidas globally received most of its U.S. tariff refunds and recognized approximately 200 million in tax refunds on that basis, which contributed to the gross margin improvement. Adidas global CEO Gulden said, "For Adidas, this is a very outstanding quarter. We achieved the highest single-quarter revenue in our history7.252 billionas well as the highest single-quarter operating profit in our history1.008 billion. Our brand, our products and our people are where our greatest strength lies." Jiemian News learned that, based on the better-than-expected performance in the third quarter, Adidas globally raised its full-year 2026 performance guidance, with the company expecting to achieve revenue growth of 9%-10% and operating profit expected to rise to 2.5 billion.