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Tapestry Inc Financials

TPR
Source SEC Filings (10-K/10-Q) Updated Dec 27, 2025 Currency USD FYE June

This page shows Tapestry Inc (TPR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 46 / 100
Financial Profile 46/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
35

Tapestry Inc has an operating margin of 5.9%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 35/100, indicating healthy but not exceptional operating efficiency. This is down from 17.6% the prior year.

Growth
42

Tapestry Inc's revenue grew 5.3% year-over-year to $7.0B, a solid pace of expansion. This earns a growth score of 42/100.

Leverage
45

Tapestry Inc has a moderate D/E ratio of 2.79. This balance of debt and equity financing earns a leverage score of 45/100.

Liquidity
33

Tapestry Inc's current ratio of 1.87 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
64

Tapestry Inc has a free cash flow margin of 15.6%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
59

Tapestry Inc's ROE of 21.4% shows moderate profitability relative to equity, earning a score of 59/100. This is down from 38.8% the prior year.

Altman Z-Score Safe
3.97

Tapestry Inc scores 3.97, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($28.6B) relative to total liabilities ($5.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Tapestry Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
6.64x

For every $1 of reported earnings, Tapestry Inc generates $6.64 in operating cash flow ($1.2B OCF vs $183.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk
1.5x

Tapestry Inc earns $1.5 in operating income for every $1 of interest expense ($415.0M vs $271.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$7.0B
YoY+5.3%
5Y CAGR+3.6%
10Y CAGR+3.3%

Tapestry Inc generated $7.0B in revenue in fiscal year 2025. This represents an increase of 5.3% from the prior year.

EBITDA
$577.9M
YoY-57.3%
5Y CAGR-11.9%
10Y CAGR-10.2%

Tapestry Inc's EBITDA was $577.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 57.3% from the prior year.

Net Income
$183.2M
YoY-80.4%
5Y CAGR-22.2%
10Y CAGR-15.9%

Tapestry Inc reported $183.2M in net income in fiscal year 2025. This represents a decrease of 80.4% from the prior year.

EPS (Diluted)
$0.82
YoY-78.9%
5Y CAGR-18.0%
10Y CAGR-13.8%

Tapestry Inc earned $0.82 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 78.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.1B
YoY+38.3%
5Y CAGR+16.1%
10Y CAGR-0.7%

Tapestry Inc generated $1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 38.3% from the prior year.

Cash & Debt
$1.1B
YoY+76.8%
5Y CAGR-2.4%
10Y CAGR+0.3%

Tapestry Inc held $1.1B in cash against $2.4B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.40
YoY+16.7%
5Y CAGR+0.7%
10Y CAGR+1.2%

Tapestry Inc paid $1.40 per share in dividends in fiscal year 2025. This represents an increase of 16.7% from the prior year.

Shares Outstanding
208M
YoY-9.2%
5Y CAGR-6.3%
10Y CAGR-3.0%

Tapestry Inc had 208M shares outstanding in fiscal year 2025. This represents a decrease of 9.2% from the prior year.

Margins & Returns

Gross Margin
75.4%
YoY+4.7pp
5Y CAGR+6.5pp
10Y CAGR+2.6pp

Tapestry Inc's gross margin was 75.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.7 percentage points from the prior year.

Operating Margin
5.9%
YoY-11.7pp
5Y CAGR-8.0pp
10Y CAGR-24.1pp

Tapestry Inc's operating margin was 5.9% in fiscal year 2025, reflecting core business profitability. This is down 11.7 percentage points from the prior year.

Net Margin
2.6%
YoY-11.4pp
5Y CAGR-8.3pp
10Y CAGR-17.8pp

Tapestry Inc's net profit margin was 2.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 11.4 percentage points from the prior year.

Return on Equity
21.4%
YoY-17.4pp
5Y CAGR+1.5pp
10Y CAGR-21.6pp

Tapestry Inc's ROE was 21.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 17.4 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$1.7B
YoY+144.3%
5Y CAGR+76.6%
10Y CAGR+15.7%

Tapestry Inc spent $1.7B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 144.3% from the prior year.

Capital Expenditures
$122.7M
YoY-33.4%
5Y CAGR-14.9%
10Y CAGR-6.5%

Tapestry Inc invested $122.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 33.4% from the prior year.

TPR Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $2.5B+46.8% $1.7B-1.1% $1.7B+8.7% $1.6B-27.8% $2.2B+45.6% $1.5B N/A $1.5B
Cost of Revenue $614.0M+51.9% $404.1M-1.0% $408.1M+7.7% $378.8M-32.6% $562.3M+50.9% $372.6M N/A $375.0M
Gross Profit $1.9B+45.2% $1.3B-1.1% $1.3B+9.1% $1.2B-26.2% $1.6B+43.9% $1.1B N/A $1.1B
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $1.2B+20.5% $972.3M-6.8% $1.0B+9.6% $952.1M-16.5% $1.1B+29.2% $882.9M N/A $903.1M
Operating Income $716.4M+118.3% $328.2M+156.2% -$583.5M-330.0% $253.7M-48.5% $492.8M+95.6% $252.0M N/A $204.3M
Interest Expense $30.9M+2.7% $30.1M+2.4% $29.4M-10.4% $32.8M-61.8% $85.8M-30.4% $123.2M N/A $130.1M
Income Tax $135.8M+209.3% $43.9M+157.1% -$76.9M-314.8% $35.8M+2.6% $34.9M-10.7% $39.1M N/A $30.1M
Net Income $561.3M+104.3% $274.8M+153.1% -$517.1M-354.4% $203.3M-34.5% $310.4M+66.3% $186.6M N/A $139.4M
EPS (Diluted) $2.68+109.4% $1.28 N/A $0.95-31.2% $1.38+74.7% $0.79 N/A $0.60

TPR Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $6.5B+2.6% $6.4B-3.3% $6.6B-9.9% $7.3B+0.7% $7.3B-47.2% $13.7B+2.5% $13.4B-2.4% $13.7B
Current Assets $2.8B+6.5% $2.6B-9.8% $2.9B+1.5% $2.9B+3.2% $2.8B-69.7% $9.1B+3.9% $8.8B-2.1% $9.0B
Cash & Equivalents $1.1B+46.4% $719.5M-34.6% $1.1B+6.0% $1.0B+5.5% $983.4M-84.8% $6.5B+5.2% $6.1B-11.9% $7.0B
Inventory $896.4M-12.0% $1.0B+18.3% $860.7M-1.5% $873.5M-6.8% $937.3M-9.1% $1.0B+25.0% $824.8M+0.1% $824.1M
Accounts Receivable $338.0M+16.8% $289.5M+21.0% $239.3M-6.5% $255.8M-14.0% $297.4M+6.6% $279.0M+22.3% $228.2M-17.5% $276.7M
Goodwill $966.7M-0.9% $975.4M-0.8% $983.3M-19.1% $1.2B+0.9% $1.2B-2.2% $1.2B+2.3% $1.2B-1.0% $1.2B
Total Liabilities $6.0B+0.3% $6.0B+4.2% $5.7B-1.5% $5.8B-1.7% $5.9B-45.0% $10.7B+2.4% $10.5B-4.1% $11.0B
Current Liabilities $1.7B-0.1% $1.7B+10.4% $1.6B-4.4% $1.6B-7.0% $1.8B-5.5% $1.9B+8.3% $1.7B+25.3% $1.4B
Long-Term Debt $2.4B0.0% $2.4B0.0% $2.4B0.0% $2.4B0.0% $2.4B-66.1% $7.1B+1.0% $7.0B-9.6% $7.7B
Total Equity $551.2M+38.0% $399.5M-53.4% $857.8M-42.6% $1.5B+11.8% $1.3B-55.2% $3.0B+2.9% $2.9B+4.4% $2.8B
Retained Earnings -$3.3B+2.3% -$3.4B-31.6% -$2.6B-33.6% -$1.9B+3.9% -$2.0B-222.8% -$617.0M+14.6% -$722.2M+9.8% -$801.0M

TPR Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow $1.1B+860.1% $112.6M-74.8% $446.8M+209.6% $144.3M-71.5% $506.0M+323.4% $119.5M N/A $97.8M
Capital Expenditures $43.6M+34.6% $32.4M-8.2% $35.3M+14.2% $30.9M0.0% $30.9M+20.7% $25.6M N/A $19.0M
Free Cash Flow $1.0B+1193.6% $80.2M-80.5% $411.5M+262.9% $113.4M-76.1% $475.1M+406.0% $93.9M N/A $78.8M
Investing Cash Flow -$43.4M-162.6% $69.3M+302.6% -$34.2M-9.6% -$31.2M-104.0% $789.3M+315.2% $190.1M N/A $168.9M
Financing Cash Flow -$705.7M-28.1% -$550.8M-50.2% -$366.8M-1025.2% -$32.6M+99.5% -$6.7B-8895.0% -$74.5M N/A -$75.6M
Dividends Paid $81.3M-2.4% $83.3M+14.4% $72.8M+0.1% $72.7M+0.4% $72.4M-11.1% $81.4M N/A $80.5M
Share Buybacks $403.5M-42.2% $698.2M+1207.5% $53.4M+2.1% $52.3M-96.8% $1.6B $0 N/A $0

TPR Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 75.5%-0.8pp 76.3%-0.0pp 76.3%+0.2pp 76.1%+1.7pp 74.4%-0.9pp 75.3% N/A 74.7%
Operating Margin 28.6%+9.4pp 19.3%+53.1pp -33.9%-49.9pp 16.0%-6.4pp 22.4%+5.7pp 16.7% N/A 13.8%
Net Margin 22.4%+6.3pp 16.1%+46.1pp -30.0%-42.8pp 12.8%-1.3pp 14.1%+1.8pp 12.4% N/A 9.4%
Return on Equity 101.8%+33.0pp 68.8%+129.1pp -60.3%-73.9pp 13.6%-9.6pp 23.2%+17.0pp 6.3% N/A 5.0%
Return on Assets 8.6%+4.3pp 4.3%+12.2pp -7.9%-10.6pp 2.8%-1.5pp 4.3%+2.9pp 1.4% N/A 1.0%
Current Ratio 1.63+0.1 1.52-0.3 1.87+0.1 1.76+0.2 1.58-3.4 4.93-0.2 5.14-1.4 6.59
Debt-to-Equity 4.35-1.7 6.00+3.2 2.79+1.2 1.60-0.2 1.79-0.6 2.37-0.0 2.42-0.4 2.79
FCF Margin 41.5%+36.8pp 4.7%-19.2pp 23.9%+16.7pp 7.2%-14.5pp 21.6%+15.4pp 6.2% N/A 5.3%

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Frequently Asked Questions

Tapestry Inc (TPR) reported $7.0B in total revenue for fiscal year 2025. This represents a 5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Tapestry Inc (TPR) revenue grew by 5.3% year-over-year, from $6.7B to $7.0B in fiscal year 2025.

Yes, Tapestry Inc (TPR) reported a net income of $183.2M in fiscal year 2025, with a net profit margin of 2.6%.

Tapestry Inc (TPR) reported diluted earnings per share of $0.82 for fiscal year 2025. This represents a -78.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Tapestry Inc (TPR) had EBITDA of $577.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Tapestry Inc (TPR) had $1.1B in cash and equivalents against $2.4B in long-term debt.

Tapestry Inc (TPR) had a gross margin of 75.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Tapestry Inc (TPR) had an operating margin of 5.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Tapestry Inc (TPR) had a net profit margin of 2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Tapestry Inc (TPR) paid $1.40 per share in dividends during fiscal year 2025.

Tapestry Inc (TPR) has a return on equity of 21.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Tapestry Inc (TPR) generated $1.1B in free cash flow during fiscal year 2025. This represents a 38.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Tapestry Inc (TPR) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Tapestry Inc (TPR) had $6.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Tapestry Inc (TPR) invested $122.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Tapestry Inc (TPR) spent $1.7B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Tapestry Inc (TPR) had 208M shares outstanding as of fiscal year 2025.

Tapestry Inc (TPR) had a current ratio of 1.87 as of fiscal year 2025, which is generally considered healthy.

Tapestry Inc (TPR) had a debt-to-equity ratio of 2.79 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Tapestry Inc (TPR) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Tapestry Inc (TPR) has an Altman Z-Score of 3.97, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Tapestry Inc (TPR) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Tapestry Inc (TPR) has an earnings quality ratio of 6.64x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Tapestry Inc (TPR) has an interest coverage ratio of 1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Tapestry Inc (TPR) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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