Tapestry Inc. (TPR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.28	$1.32	+3.1%	—	$1.9B	—
Q3 26	$1.34	$1.78	+32.8%	—	$1.9B	—
Q2 26	$2.23	$2.69	+20.6%	—	$2.5B	—
Q1 26	$1.27	$1.38	+8.7%	—	$1.7B	—
Q4 25	$1.02	$1.04	+2.0%	—	$1.7B	—
Q3 25	$0.88	$1.03	+17.0%	—	$1.6B	—
Q2 25	$1.75	$2	+14.3%	—	$2.2B	—
Q1 25	$0.95	$1.02	+7.4%	—	$1.5B	—
Q4 24	$0.88	$0.92	+4.5%	—	$1.6B	—
Q3 24	$0.68	$0.81	+19.1%	—	$1.5B	—
Q2 24	$1.46	$1.63	+11.6%	—	$2.1B	—
Q1 24	$0.9	$0.93	+3.3%	—	$1.5B	—
Q4 23	$0.97	$0.95	-2.1%	—	$1.6B	—
Q3 23	$0.6	$0.78	+30.0%	—	$1.5B	—
Q2 23	$1.27	$1.36	+7.1%	—	$2B	—
Q1 23	$0.76	$0.79	+3.9%	—	$1.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$7.49	—	—	$8B	—
FY25	—	$0.84	—	—	$7B	—
FY24	—	$3.56	—	—	$6.7B	—
FY23	—	$3.96	—	—	$6.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$4.5B	$5.9B	$6B	$5B	$5.7B	$6.7B	$6.7B	$6.7B	$7B	$8B
YoY change	-0.08%	+31%	+2.5%	-17.7%	+15.8%	+16.3%	-0.35%	+0.15%	+5.09%	+14.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	4.5B	5.9B	6B	5B	5.7B	6.7B	6.7B	6.7B	7B	8B
Cost of revenue	1.4B	2B	2B	1.7B	1.7B	2B	1.9B	1.8B	1.7B	1.8B
Gross profit	3.1B	3.8B	4.1B	3.2B	4.1B	4.7B	4.7B	4.9B	5.3B	6.2B
Gross margin	68.6%	65.5%	67.3%	65.3%	71%	69.6%	70.8%	73.3%	75.4%	77.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.3B	3.2B	3.2B	3.3B	3.1B	3.5B	3.5B	3.7B	4B	4.3B
Operating expenses	2.3B	3.2B	3.2B	3.3B	3.1B	3.5B	3.5B	3.7B	4B	4.3B
Operating income	787.4M	672M	819.7M	-73.1M	968M	1.2B	1.2B	1.1B	1.3B	1.9B
Operating margin	17.5%	11.4%	13.6%	-1.47%	16.8%	17.6%	17.6%	17.1%	18.1%	23.9%
Non-operating income, net	—	-1.2M	-5.6M	-491M	700K	-70.1M	-1.7M	-3.2M	-968.3M	1.4M
Pretax income	759M	596.8M	766.2M	-624.2M	897.3M	1B	1.1B	1B	216.1M	1.9B
Income tax	168M	199.3M	122.8M	27.9M	63.1M	190.7M	207.1M	195.9M	32.9M	332.9M
Net income	591M	397.5M	643.4M	-652.1M	834.2M	856.3M	936M	816M	183.2M	1.5B
Net margin	13.2%	6.76%	10.7%	-13.1%	14.5%	12.8%	14.1%	12.2%	2.61%	19.1%
EBITDA	1B	931.1M	1.1B	161.9M	1.2B	1.4B	1.4B	1.4B	1.5B	2.1B
EPS	2.11	1.39	2.22	-2.34	3	3.24	3.96	3.56	0.84	7.49
Diluted EPS	2.09	1.38	2.21	-2.34	2.95	3.17	3.88	3.5	0.82	7.27

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	1.5B	2.1B	1.5B	1.6B	1.5B	2.2B	1.6B	1.7B	1.7B	2.5B	1.9B	1.9B
Cost of revenue	415.5M	591.3M	375M	399.9M	372.6M	562.3M	378.8M	408.1M	404.1M	614M	444.1M	313M
Gross profit	1.1B	1.5B	1.1B	1.2B	1.1B	1.6B	1.2B	1.3B	1.3B	1.9B	1.5B	1.6B
Gross margin	72.5%	71.6%	74.7%	74.9%	75.3%	74.4%	76.1%	76.3%	76.3%	75.5%	76.9%	83.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	844.5M	1B	903.1M	956.2M	882.9M	1.1B	952.1M	1B	972.3M	1.2B	1B	1.1B
Operating expenses	844.5M	1B	903.1M	956.2M	882.9M	1.1B	952.1M	1B	972.3M	1.2B	1B	1.1B
Operating income	253.2M	447.6M	204.3M	235M	252M	492.8M	253.7M	—	—	—	—	442.3M
Operating margin	16.7%	21.5%	13.8%	14.8%	16.7%	22.4%	16%	—	—	—	—	23.6%
Non-operating income, net	-1.4M	4.7M	-2.8M	-3.7M	4.4M	-123M	800K	-850.5M	3.3M	-1.9M	1.6M	-1.6M
Pretax income	238.5M	403.1M	169.5M	200.8M	225.7M	345.3M	239.1M	-594M	318.7M	697.1M	416M	428.8M
Income tax	43.5M	80.8M	30.1M	41.5M	39.1M	34.9M	35.8M	-76.9M	43.9M	135.8M	72.2M	81M
Net income	195M	322.3M	139.4M	159.3M	186.6M	310.4M	203.3M	-517.1M	274.8M	561.3M	343.8M	347.8M
Net margin	12.9%	15.5%	9.4%	10%	12.4%	14.1%	12.8%	-30%	16.1%	22.4%	17.9%	18.5%
EBITDA	309.5M	480.4M	214.7M	334.5M	311.3M	545.4M	307.5M	337.1M	383.1M	767.6M	483M	499.3M
EPS	0.85	1.41	0.61	0.69	0.81	1.41	0.98	-2.49	1.32	2.75	1.7	1.73
Diluted EPS	0.84	1.39	0.6	0.68	0.79	1.38	0.95	-2.49	1.28	2.68	1.65	1.68

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	13.3B	13.3B	9.2B	3.7B	12.1B	8.1B	—	9.8B	19B	29.9B	22.6B
Enterprise value	11.8B	13.7B	9.6B	6.8B	13.5B	10.4B	—	11.4B	21.8B	32.7B	25.5B
Shares outstanding	280.6M	285.4M	289.4M	278.6M	277.9M	264.3M	236.4M	229.2M	216.8M	204M	204M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	22.5	33.5	14.3	—	14.5	9.42	—	12	103.9	19.5	15.6
P/S	2.96	2.27	1.52	0.75	2.1	1.21	—	1.47	2.72	3.73	2.82
P/B	4.43	4.11	2.61	1.63	3.71	3.53	—	3.39	22.2	43.1	32.8
EV/EBITDA	11.8	14.7	8.83	41.7	11.4	7.6	—	8.32	14.5	15.3	12.6
EV/Sales	2.62	2.33	1.58	1.36	2.35	1.55	—	1.7	3.11	4.08	3.19
Earnings yield	4.45%	2.98%	7.01%	—	6.9%	10.6%	—	8.32%	0.96%	5.12%	6.41%
FCF yield	4.3%	5.48%	5.64%	5.45%	9.99%	9.41%	—	11.7%	5.75%	6.07%	6.19%
PEG	—	—	—	—	—	—	—	—	—	—	-0.09

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	68.6%	65.5%	67.3%	65.3%	71%	69.6%	70.8%	73.3%	75.4%	77.8%	83.3%
Operating margin	17.5%	11.4%	13.6%	-1.47%	16.8%	17.6%	17.6%	17.1%	18.1%	23.9%	19.8%
Net margin	13.2%	6.76%	10.7%	-13.1%	14.5%	12.8%	14.1%	12.2%	2.61%	19.1%	19.1%
ROE	19.7%	12.3%	18.3%	-28.6%	25.6%	37.5%	41.1%	28.2%	21.4%	220.7%	197.1%
ROA	10.1%	5.95%	9.36%	-8.23%	9.95%	11.8%	13.2%	6.09%	2.78%	22.8%	17.5%
ROIC	40.9%	12.4%	17.7%	-1.37%	19.2%	20.9%	19.9%	20.6%	29.6%	45%	45%
Return on tangible assets	14.1%	163%	152.8%	-25.4%	27.4%	41.8%	48.2%	9.85%	5.77%	45.7%	45.7%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	5.24	2.59	2.79	1.47	2.37	1.75	1.84	5.14	1.87	1.75	1.75
Quick ratio	4.62	1.87	1.94	1.04	1.85	1.08	1.12	4.66	1.31	1.25	1.25
Debt / equity	0.53	0.49	0.46	1.97	1.05	1.43	1.45	3.03	4.55	5.71	5.72
Debt / assets	0.27	0.24	0.23	0.57	0.41	0.45	0.46	0.65	0.59	0.59	0.59
Net debt / EBITDA	-1.5	0.38	0.34	18.9	1.2	1.69	1.83	1.14	1.85	1.31	1.31
Interest coverage	—	9.06	17	-9.39	13.6	18.8	42.4	9.1	3.53	34.7	34.7
Effective tax rate	22.1%	33.4%	16%	0%	7.03%	18.2%	18.1%	19.4%	15.2%	17.9%	17.9%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	16	20.6	20.8	17.8	20.7	25.3	28.2	29.1	32.3	39.2	39.2
EPS (basic)	2.11	1.39	2.22	-2.34	3	3.24	3.96	3.56	0.84	7.49	7.49
EPS (diluted)	2.09	1.38	2.21	-2.34	2.95	3.17	3.88	3.5	0.82	7.27	7.27
Book value per share	10.7	11.4	12.1	8.17	11.7	8.65	9.64	12.6	3.96	3.39	3.45
FCF per share	2.03	2.56	1.79	0.72	4.35	2.87	3.35	5	5.05	8.88	8.75
Cash per share	11	4.38	4.26	5.15	7.25	3.61	3.14	31.4	5.16	5.65	5.78
Capex per share	1.01	0.94	0.95	0.74	0.33	0.36	0.78	0.48	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	6.31%	4.55%	4.55%	4.14%	1.6%	1.4%	2.77%	1.63%	—	—	—
Capex / operating cash flow	33.5%	22.9%	36.2%	-43%	8.02%	11.8%	17.3%	9.39%	—	—	—
Payout ratio	64%	96.6%	60.7%	-58.3%	0%	30.9%	30.3%	39.4%	163.4%	21.3%	22%
Dividend yield	2.85%	2.88%	4.25%	10.3%	0%	3.28%	—	3.28%	1.57%	1.09%	1.62%

Yield

1.62%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.463

ex-dividend Sep 4, 2026

Payout ratio

22%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.463
Jun 5, 2026	$0.40
Mar 6, 2026	$0.40

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$1.5B	$2.1B	$1.5B	$1.6B	$1.5B	$2.2B	$1.6B	$1.7B	$1.7B	$2.5B	$1.9B	$1.9B
YoY change	+0.44%	+2.92%	-1.8%	-1.75%	-0.38%	+5.32%	+6.89%	+8.3%	+13.1%	+14%	+21.2%	+8.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	3.1B	1.3B	1.2B	1.4B	2B	953.2M	741.5M	7.2B	1.1B	1.2B
Receivables	268M	314.1M	298.1M	193.3M	200.2M	252.3M	211.5M	228.2M	239.3M	237.1M
Inventory	469.7M	673.8M	778.3M	736.9M	734.8M	994.2M	919.5M	824.8M	860.7M	826.2M
Total current assets	4B	2.4B	2.6B	2.6B	3.4B	2.6B	2.4B	8.8B	2.9B	2.9B
Property, plant & equipment	691.4M	885.4M	938.8M	2.5B	2.2B	1.8B	1.9B	1.8B	1.8B	1.9B
Goodwill & intangibles	1.6B	6.4B	6.5B	5.4B	5.3B	5.2B	5.2B	5.1B	3.4B	3.3B
Total assets	5.8B	6.7B	6.9B	7.9B	8.4B	7.3B	7.1B	13.4B	6.6B	6.7B
Accounts payable	194.6M	264.3M	243.6M	130.8M	445.2M	520.7M	416.9M	452.2M	456.1M	582.3M
Short-term debt	—	700K	800K	1.1B	319.4M	319.9M	322.5M	603.1M	315.7M	307.8M
Total current liabilities	753.8M	938.2M	918M	1.7B	1.4B	1.5B	1.3B	1.7B	1.6B	1.6B
Long-term debt	1.6B	1.6B	1.6B	3.4B	3.1B	2.9B	3B	8.2B	3.6B	3.6B
Total liabilities	2.8B	3.4B	3.4B	5.6B	5.1B	5B	4.8B	10.5B	5.7B	6B
Shareholders' equity	3B	3.2B	3.5B	2.3B	3.3B	2.3B	2.3B	2.9B	857.8M	692.1M
Total debt	1.6B	1.6B	1.6B	4.5B	3.4B	3.3B	3.3B	8.8B	3.9B	4B
Net debt	-1.1B	357.2M	633.5M	3.1B	1.4B	2.5B	2.6B	2.6B	2.8B	3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	638.8M	7.5B	7.4B	7.2B	7.3B	1B	1.1B	1.1B	743.2M	1.1B	1.1B	1.2B
Receivables	264.8M	245.6M	276.7M	228.2M	279M	297.4M	255.8M	239.3M	289.5M	338M	305M	237.1M
Inventory	942.5M	824.9M	824.1M	824.8M	1B	937.3M	873.5M	860.7M	1B	896.4M	843.9M	826.2M
Total current assets	2.4B	9B	9B	8.8B	9.1B	2.8B	2.9B	2.9B	2.6B	2.8B	2.7B	2.9B
Property, plant & equipment	1.9B	1.9B	1.9B	1.8B	1.8B	1.7B	1.7B	1.8B	1.9B	1.9B	1.9B	1.9B
Goodwill & intangibles	5.2B	5.2B	5.1B	5.1B	5.2B	5.1B	5.1B	3.4B	3.4B	3.4B	3.4B	3.3B
Total assets	7.1B	13.8B	13.7B	13.4B	13.7B	7.3B	7.3B	6.6B	6.4B	6.5B	6.5B	6.7B
Accounts payable	386.5M	462.9M	373.1M	452.2M	544M	513.8M	393.3M	456.1M	495.5M	564.6M	499.7M	582.3M
Short-term debt	320.6M	330.6M	333.9M	603.1M	601.2M	587.2M	600.5M	315.7M	565.4M	331M	310.3M	307.8M
Total current liabilities	1.2B	1.4B	1.4B	1.7B	1.9B	1.8B	1.6B	1.6B	1.7B	1.7B	1.5B	1.6B
Long-term debt	2.9B	9B	8.9B	8.2B	8.2B	3.5B	3.5B	3.6B	3.6B	3.6B	3.6B	3.6B
Total liabilities	4.7B	11.2B	11B	10.5B	10.7B	5.9B	5.8B	5.7B	6B	6B	5.8B	6B
Shareholders' equity	2.4B	2.7B	2.8B	2.9B	3B	1.3B	1.5B	857.8M	399.5M	551.2M	682.4M	692.1M
Total debt	3.2B	9.3B	9.3B	8.8B	8.8B	4.1B	4.1B	3.9B	4.2B	3.9B	3.9B	4B
Net debt	2.6B	2.5B	2.3B	2.6B	2.3B	3.1B	3.1B	2.8B	3.5B	2.9B	2.9B	3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	591M	397.5M	643.4M	-652.1M	834.2M	856.3M	936M	816M	183.2M	1.5B
Depreciation & amortization	212.8M	260.3M	268.2M	248.3M	218.7M	206M	224.2M	229M	224.9M	217.2M
Stock-based compensation	73.6M	81.3M	84.8M	53.1M	64.1M	72.2M	78.8M	85.9M	87.3M	104.5M
Change in working capital	-99.8M	343.8M	-299.6M	-125.7M	90M	-361.4M	-165.9M	76.3M	-95.3M	89.3M
Operating cash flow	845M	1.2B	758.3M	-477.9M	1.1B	795.7M	1.1B	1.2B	1.2B	2B
Capital expenditure	-283.1M	-267.4M	-274.2M	-205.4M	-92.1M	-93.9M	-184.2M	-108.9M	—	—
Investing cash flow	591.2M	-2.2B	-574.2M	44.3M	-91M	-253.6M	5.7M	-1B	1B	-52.3M
Dividends paid	-378M	-384.1M	-390.7M	-380.3M	0	-264.4M	-283.3M	-321.4M	-299.3M	-326.1M
Share repurchases	0	0	-100M	-300M	0	-1.6B	-703.5M	0	-2B	-1.6B
Financing cash flow	299.1M	-416.4M	-520.9M	1.6M	-1.4B	-1.9B	-1.1B	5.2B	-7.3B	-2B
Net change in cash	1.7B	-1.4B	-336.8M	-432M	-370.2M	-1.3B	-6.5M	5.3B	-5.1B	-53.6M
Free cash flow	570.7M	730.1M	518.2M	201.6M	1.2B	759.3M	791M	1.1B	1.1B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	—	—	—	—	—	—	—	-517.1M	274.8M	561.3M	343.8M	347.8M
Depreciation & amortization	—	—	—	—	—	—	—	61.5M	51.6M	53.1M	53.9M	58.6M
Stock-based compensation	—	—	—	—	—	—	—	22.2M	22.4M	29M	27.6M	25.5M
Change in working capital	—	—	—	—	—	—	—	98.4M	-220.8M	274.1M	-25.6M	61.6M
Operating cash flow	—	—	—	—	—	—	—	446.8M	112.6M	1.1B	262.6M	522.2M
Capital expenditure	-20.9M	-22.8M	-19M	-46.2M	-25.6M	-30.9M	—	—	—	—	—	—
Investing cash flow	-20.9M	-22.8M	-19M	-46.2M	-25.6M	-30.9M	0	1.1M	101.7M	200K	500K	-154.7M
Dividends paid	—	—	—	—	—	—	—	-72.8M	-83.3M	-81.3M	-81M	-80.5M
Share repurchases	—	—	—	—	—	—	—	-3.4M	-698.2M	-403.5M	-150.2M	-302.7M
Financing cash flow	—	—	—	—	—	—	—	-380.6M	-620.7M	-486.9M	-248.6M	-383.6M
Net change in cash	-20.9M	-22.8M	-19M	-46.2M	-25.6M	-30.9M	0	67.3M	-406.4M	594.4M	14.5M	-16.1M
Free cash flow	—	—	—	—	—	—	—	411.5M	80.2M	1B	225.8M	469M

Date	Ratio
Apr 5, 2005	2:1
Oct 2, 2003	2:1
Jul 5, 2002	2:1

Tapestry Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history