NYSE : TPR
Tapestry, Inc. — Financial statements
Consumer Discretionary · Luxury Goods · United States
Last price 117.84 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 23.38B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Tapestry, Inc. (TPR) reported revenue of 8.00B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 8.00B | 8.00B | 7.01B | 6.67B | 6.66B | 6.68B |
| Cost of Revenue | 1.87B | 1.87B | 1.72B | 1.78B | 1.95B | 2.03B |
| Gross Profit | 6.13B | 6.13B | 5.29B | 4.89B | 4.71B | 4.65B |
| Selling, General & Admin | 4.27B | 4.27B | 3.90B | 3.75B | 3.54B | 3.47B |
| Operating Expenses | 4.27B | 4.27B | 3.90B | 3.75B | 3.54B | 3.47B |
| Operating Income | 1.86B | 1.86B | 1.38B | 1.14B | 1.17B | 1.18B |
| Interest Expense | -119.30M | -119.30M | -271.30M | -369.60M | -72.80M | -68.80M |
| Interest & Investment Income | 14.60M | 14.60M | 199.50M | 213.10M | 45.20M | 10.10M |
| Currency Exchange Gain (Loss) | 47.20M | 47.20M | 46.60M | 31.50M | ||
| Other Non Operating Income (Expenses) | 3.70M | 3.70M | 4.00M | -3.20M | -1.70M | -16.40M |
| EBT Excluding Unusual Items | 1.81B | 1.81B | 1.36B | 1.01B | 1.14B | 1.10B |
| Merger & Restructuring Charges | -29.00M | -29.00M | -166.20M | |||
| Impairment of Goodwill | -244.10M | |||||
| Gain (Loss) on Sale of Investments | 2.60M | |||||
| Asset Writedown | -7.80M | -7.80M | -619.50M | |||
| Other Unusual Items | 88.50M | 88.50M | -120.10M | -53.70M | ||
| Pretax Income | 1.86B | 1.86B | 216.10M | 1.01B | 1.14B | 1.05B |
| Income Tax Expense | 332.90M | 332.90M | 32.90M | 195.90M | 207.10M | 190.70M |
| Net Income | 1.53B | 1.53B | 183.20M | 816.00M | 936.00M | 856.30M |
| Net Income to Common | 1.53B | 1.53B | 183.20M | 816.00M | 936.00M | 856.30M |
| Shares Outstanding (Basic) | 204.00M | 204.00M | 216.80M | 229.20M | 236.40M | 264.30M |
| Shares Outstanding (Diluted) | 210.20M | 210.20M | 222.50M | 233.20M | 241.30M | 270.10M |
| EPS (Basic) | 7.49 | 7.49 | 0.85 | 3.56 | 3.96 | 3.24 |
| EPS (Diluted) | 7.27 | 7.27 | 0.82 | 3.50 | 3.88 | 3.17 |
| Free Cash Flow | 1.81B | 1.81B | 1.09B | 1.15B | 791.00M | 759.30M |
| Free Cash Flow Per Share | 8.62 | 8.62 | 4.92 | 4.92 | 3.28 | 2.81 |
| Dividend Per Share | 1.60 | 1.60 | 1.40 | 1.40 | 1.20 | 1.00 |
| Gross Margin | 76.59% | 76.59% | 75.44% | 73.29% | 70.78% | 69.57% |
| Operating Margin | 23.27% | 23.27% | 19.75% | 17.09% | 17.60% | 17.59% |
| Profit Margin | 19.09% | 19.09% | 2.61% | 12.23% | 14.05% | 12.81% |
| Free Cash Flow Margin | 22.64% | 22.64% | 15.60% | 17.19% | 11.88% | 11.36% |
| EBITDA | 2.02B | 2.02B | 1.55B | 1.31B | 1.35B | 1.37B |
| EBITDA Margin | 25.28% | 25.28% | 22.07% | 19.70% | 20.34% | 20.51% |
| D&A For EBITDA | 160.80M | 160.80M | 162.90M | 174.00M | 182.20M | 195.30M |
| EBIT | 1.86B | 1.86B | 1.38B | 1.14B | 1.17B | 1.18B |
| EBIT Margin | 23.27% | 23.27% | 19.75% | 17.09% | 17.60% | 17.59% |
| Effective Tax Rate | 17.89% | 17.89% | 15.22% | 19.36% | 18.12% | 18.21% |
| Advertising Expenses | 962.50M | 962.50M | 744.50M | 616.80M | 570.70M | 551.60M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 974.70M | 974.70M | 1.10B | 6.14B | 726.10M | 789.80M |
| Short-Term Investments | 177.30M | 177.30M | 19.60M | 1.06B | 15.40M | 163.40M |
| Cash & Short-Term Investments | 1.15B | 1.15B | 1.12B | 7.20B | 741.50M | 953.20M |
| Accounts Receivable | 237.10M | 237.10M | 239.30M | 228.20M | 211.50M | 252.30M |
| Other Receivables | 269.30M | 269.30M | 277.30M | 236.20M | 231.10M | 217.20M |
| Receivables | 506.40M | 506.40M | 516.60M | 464.40M | 442.60M | 469.50M |
| Inventory | 826.20M | 826.20M | 860.70M | 824.80M | 919.50M | 994.20M |
| Prepaid Expenses | 155.20M | 155.20M | 133.80M | 170.90M | 126.30M | 105.20M |
| Other Current Assets | 242.50M | 242.50M | 274.90M | 139.80M | 133.60M | 51.70M |
| Total Current Assets | 2.88B | 2.88B | 2.91B | 8.80B | 2.36B | 2.57B |
| Property, Plant & Equipment | 1.92B | 1.92B | 1.82B | 1.83B | 1.94B | 1.83B |
| Long-Term Investments | 1.40M | 1.40M | 1.40M | 1.30M | 1.30M | 100.00K |
| Goodwill | 957.70M | 957.70M | 983.30M | 1.20B | 1.23B | 1.24B |
| Other Intangible Assets | 716.50M | 716.50M | 719.60M | 1.35B | 1.36B | 1.37B |
| Long-Term Deferred Tax Assets | 35.70M | 35.70M | 33.80M | 44.10M | 40.40M | 47.90M |
| Other Long-Term Assets | 178.80M | 178.80M | 116.30M | 160.40M | 180.80M | 209.40M |
| Total Assets | 6.69B | 6.69B | 6.58B | 13.40B | 7.12B | 7.27B |
| Accounts Payable | 582.30M | 582.30M | 456.10M | 452.20M | 416.90M | 520.70M |
| Accrued Expenses | 754.90M | 754.90M | 736.90M | 598.40M | 503.80M | 588.10M |
| Current Portion of Long-Term Debt | 16.70M | 303.40M | 25.00M | 31.20M | ||
| Current Portion of Leases | 307.80M | 307.80M | 299.00M | 300.90M | 298.70M | 289.80M |
| Current Income Taxes Payable | 49.70M | 41.80M | 35.80M | |||
| Other Current Liabilities | 48.20M | 7.00M | 300.00K | 3.20M | ||
| Total Current Liabilities | 1.65B | 1.65B | 1.56B | 1.71B | 1.29B | 1.47B |
| Long-Term Debt | 2.38B | 2.38B | 2.38B | 6.94B | 1.64B | 1.66B |
| Long-Term Leases | 1.27B | 1.27B | 1.21B | 1.22B | 1.33B | 1.28B |
| Long-Term Deferred Tax Liabilities | 172.80M | 172.80M | 79.80M | 251.30M | 240.00M | 221.70M |
| Other Long-Term Liabilities | 533.50M | 533.50M | 502.50M | 375.10M | 341.80M | 345.40M |
| Total Liabilities | 6.00B | 6.00B | 5.72B | 10.50B | 4.84B | 4.98B |
| Common Stock | 2.00M | 2.00M | 2.10M | 2.30M | 2.30M | 2.40M |
| Additional Paid-In Capital | 4.12B | 4.12B | 3.67B | 3.76B | 3.68B | 3.62B |
| Retained Earnings | -3.21B | -3.21B | -2.56B | -722.20M | -1.22B | -1.17B |
| Comprehensive Income & Other | -218.60M | -218.60M | -261.20M | -145.90M | -189.90M | -170.90M |
| Shareholders' Equity | 692.10M | 692.10M | 857.80M | 2.90B | 2.28B | 2.29B |
| Total Liabilities & Equity | 6.69B | 6.69B | 6.58B | 13.40B | 7.12B | 7.27B |
| Total Debt | 3.96B | 3.96B | 3.90B | 8.77B | 3.29B | 3.26B |
| Net Cash (Debt) | -2.80B | -2.80B | -2.78B | -1.56B | -2.55B | -2.31B |
| Net Cash Per Share | -13.34 | -13.34 | -12.49 | -6.70 | -10.58 | -8.56 |
| Filing Date Shares Outstanding | 199.39M | 199.39M | 208.12M | 230.22M | 227.44M | 241.22M |
| Total Common Shares Outstanding | 200.40M | 200.40M | 208.10M | 230.20M | 227.40M | 241.20M |
| Working Capital | 1.24B | 1.24B | 1.35B | 7.09B | 1.08B | 1.10B |
| Book Value Per Share | 3.45 | 3.45 | 4.12 | 12.58 | 10.02 | 9.48 |
| Tangible Book Value | -982.10M | -982.10M | -845.10M | 339.20M | -309.80M | -322.60M |
| Tangible Book Value Per Share | -4.90 | -4.90 | -4.06 | 1.47 | -1.36 | -1.34 |
| Land | 8.10M | 8.10M | 8.10M | 8.10M | 8.00M | 8.00M |
| Machinery | 353.40M | 353.40M | 341.10M | 364.50M | 373.70M | 360.80M |
| Construction In Progress | 68.70M | 68.70M | 40.80M | 42.20M | 14.30M | 40.40M |
| Leasehold Improvements | 793.60M | 793.60M | 750.40M | 720.40M | 778.50M | 738.20M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.53B | 1.53B | 183.20M | 816.00M | 936.00M | 856.30M |
| Depreciation & Amortization | 160.80M | 160.80M | 162.90M | 174.00M | 182.20M | 195.30M |
| Other Amortization | 56.40M | 56.40M | 62.00M | 55.00M | 42.00M | 10.70M |
| Asset Writedown & Restructuring Costs | 854.80M | 14.80M | ||||
| Stock-Based Compensation | 104.50M | 104.50M | 87.30M | 85.90M | 78.80M | 72.20M |
| Provision & Write-off of Bad Debts | 6.10M | 6.10M | 3.60M | 4.30M | 5.70M | 19.90M |
| Other Operating Activities | 3.80M | 3.80M | -97.90M | -47.50M | -10.60M | 61.50M |
| Change in Accounts Receivable | -12.00M | -12.00M | 8.80M | -37.30M | 44.10M | -96.00M |
| Change in Inventory | 35.40M | 35.40M | -108.20M | 85.80M | 49.90M | -311.70M |
| Change in Accounts Payable | 131.60M | 131.60M | -15.00M | 49.10M | -98.10M | 86.40M |
| Change in Other Net Operating Assets | -35.80M | -35.80M | 75.10M | 70.30M | -254.80M | -56.20M |
| Operating Cash Flow | 1.98B | 1.98B | 1.22B | 1.26B | 975.20M | 853.20M |
| Capital Expenditures | -166.00M | -166.00M | -122.70M | -108.90M | -184.20M | -93.90M |
| Divestitures | 109.10M | 109.10M | ||||
| Investment in Securities | -161.40M | -161.40M | 1.04B | -1.04B | 148.00M | -159.70M |
| Other Investing Activities | 103.70M | 41.90M | ||||
| Investing Cash Flow | -218.30M | -218.30M | 914.00M | -1.04B | 5.70M | -253.60M |
| Short-Term Debt Issued | 1.02B | |||||
| Long-Term Debt Issued | 2.25B | 6.09B | 998.50M | |||
| Total Debt Issued | 3.26B | 6.09B | 998.50M | |||
| Short-Term Debt Repaid | -17.00M | -17.00M | -1.00B | |||
| Long-Term Debt Repaid | -7.16B | -468.80M | -31.20M | -900.00M | ||
| Total Debt Repaid | -17.00M | -17.00M | -8.16B | -468.80M | -31.20M | -900.00M |
| Net Debt Issued (Repaid) | -17.00M | -17.00M | -4.90B | 5.62B | -31.20M | 98.50M |
| Issuance of Common Stock | 118.90M | 118.90M | 156.10M | 27.30M | 38.80M | 74.70M |
| Repurchase of Common Stock | -1.64B | -1.64B | -2.06B | -32.70M | -759.10M | -1.63B |
| Common Dividends Paid | -326.10M | -326.10M | -299.30M | -321.40M | -283.30M | -264.40M |
| Other Financing Activities | -500.00K | -500.00K | -78.10M | -79.50M | -1.10M | -56.30M |
| Financing Cash Flow | -1.86B | -1.86B | -7.18B | 5.21B | -1.04B | -1.78B |
| Foreign Exchange Rate Adjustments | -24.60M | -24.60M | 26.30M | -12.20M | -8.70M | -39.40M |
| Miscellaneous Cash Flow Adjustments | -23.70M | |||||
| Net Cash Flow | -125.30M | -125.30M | -5.04B | 5.42B | -63.70M | -1.22B |
| Free Cash Flow | 1.81B | 1.81B | 1.09B | 1.15B | 791.00M | 759.30M |
| Free Cash Flow Margin | 22.64% | 22.64% | 15.60% | 17.19% | 11.88% | 11.36% |
| Free Cash Flow Per Share | 8.62 | 8.62 | 4.92 | 4.92 | 3.28 | 2.81 |
| Levered Free Cash Flow | 1.40B | 1.40B | 837.21M | 854.16M | 619.65M | 674.67M |
| Unlevered Free Cash Flow | 1.47B | 1.47B | 1.01B | 1.09B | 665.15M | 717.67M |
| Cash Interest Paid | 241.60M | 241.60M | 394.90M | 262.80M | 82.60M | 67.80M |
| Cash Income Tax Paid | 200.70M | 200.70M | 189.50M | 200.10M | 231.90M | 179.70M |
| Change in Working Capital | 119.20M | 119.20M | -39.30M | 167.90M | -258.90M | -377.50M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 23.76B | 29.50B | 18.09B | 9.83B | 9.92B | 7.76B |
| Enterprise Value | 26.56B | 32.35B | 21.14B | 11.68B | 12.57B | 9.94B |
| Last Close Price | 116.29 | 145.45 | 85.68 | 41.14 | 39.65 | 27.68 |
| PE Ratio | 16.47 | 19.31 | 98.75 | 12.05 | 10.60 | 9.06 |
| Forward PE | 15.04 | 19.23 | 16.49 | 9.76 | 10.37 | 8.03 |
| PS Ratio | 2.98 | 3.69 | 2.58 | 1.47 | 1.49 | 1.16 |
| PB Ratio | 33.67 | 42.62 | 21.09 | 3.39 | 4.36 | 3.40 |
| P/TBV Ratio | 28.99 | |||||
| P/FCF Ratio | 13.15 | 16.27 | 16.54 | 8.57 | 12.54 | 10.22 |
| P/OCF Ratio | 12.05 | 14.91 | 14.87 | 7.83 | 10.17 | 9.10 |
| PEG Ratio | 1.69 | 1.43 | 1.68 | 1.63 | 0.71 | 0.47 |
| EV/Sales Ratio | 3.33 | 4.04 | 3.02 | 1.75 | 1.89 | 1.49 |
| EV/EBITDA Ratio | 13.16 | 15.99 | 13.66 | 8.89 | 9.28 | 7.25 |
| EV/EBIT Ratio | 14.30 | 17.37 | 15.27 | 10.25 | 10.72 | 8.46 |
| EV/FCF Ratio | 14.70 | 17.85 | 19.33 | 10.19 | 15.88 | 13.10 |
| Debt / Equity Ratio | 5.72 | 5.72 | 4.55 | 3.03 | 1.45 | 1.43 |
| Debt / EBITDA Ratio | 1.50 | 1.50 | 1.84 | 4.66 | 1.73 | 1.71 |
| Debt / FCF Ratio | 2.18 | 2.18 | 3.56 | 7.64 | 4.17 | 4.30 |
| Net Debt / Equity Ratio | 4.05 | 4.05 | 3.24 | 0.54 | 1.12 | 1.01 |
| Net Debt / EBITDA Ratio | 1.39 | 1.39 | 1.80 | 1.19 | 1.89 | 1.69 |
| Net Debt / FCF Ratio | 1.55 | 1.55 | 2.54 | 1.36 | 3.23 | 3.04 |
| Asset Turnover | 1.21 | 1.21 | 0.70 | 0.65 | 0.93 | 0.85 |
| Inventory Turnover | 2.22 | 2.22 | 2.04 | 2.04 | 2.03 | 2.35 |
| Quick Ratio | 1.01 | 1.01 | 1.05 | 4.48 | 0.92 | 0.97 |
| Current Ratio | 1.75 | 1.75 | 1.87 | 5.14 | 1.84 | 1.75 |
| Return on Equity (ROE) | 197.13% | 197.13% | 9.76% | 31.54% | 41.02% | 30.89% |
| Return on Assets (ROA) | 17.54% | 17.54% | 8.66% | 6.95% | 10.19% | 9.39% |
| Return on Invested Capital (ROIC) | 43.49% | 42.88% | 29.00% | 19.79% | 20.36% | 20.72% |
| Return on Capital Employed (ROCE) | 36.90% | 36.90% | 27.60% | 9.80% | 20.10% | 20.30% |
| Earnings Yield | 6.07% | 5.18% | 1.01% | 8.30% | 9.44% | 11.03% |
| FCF Yield | 7.61% | 6.14% | 6.05% | 11.66% | 7.97% | 9.78% |
| Dividend Yield | 1.54% | 1.09% | 1.61% | 3.28% | 2.75% | 3.11% |
| Payout Ratio | 22.87% | 21.35% | 163.37% | 39.39% | 30.27% | 30.88% |
| Buyback Yield / Dilution | 5.53% | 5.53% | 4.59% | 3.36% | 10.66% | 4.56% |
| Total Shareholder Return | 7.07% | 6.62% | 6.20% | 6.64% | 13.41% | 7.67% |