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Stocks · Consumer discretionary · Leather & Leather Products

Tapestry, Inc.

TPR Clue Score64
United States Fiscal year ends June CIK 0001116132
$116.24 +0.36% Close, 9 Oct 2026
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Price $116.24 +210.55% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue4.49Operating income0.79Net income0.59EPS, diluted2.09Fiscal year 2018Revenue5.88 +31.0%Operating income0.67Net income0.40 −32.7%EPS, diluted1.38 −34.0%Fiscal year 2019Revenue6.03 +2.5%Operating income0.82Net income0.64 +61.9%EPS, diluted2.21 +60.1%Fiscal year 2020Revenue4.96 −17.7%Operating income−0.55Net income−0.65 −201.4%EPS, diluted−2.34 −205.9%Fiscal year 2021Revenue5.75 +15.8%Operating income0.97Net income0.83EPS, diluted2.95Fiscal year 2022Revenue6.68 +16.3%Operating income1.18Net income0.86 +2.6%EPS, diluted3.17 +7.5%Fiscal year 2023Revenue6.66 −0.4%Operating income1.17Net income0.94 +9.3%EPS, diluted3.88 +22.4%Fiscal year 2024Revenue6.67 +0.2%Operating income1.14Net income0.82 −12.8%EPS, diluted3.50 −9.8%Fiscal year 2025Revenue7.01 +5.1%Operating income0.42Net income0.18 −77.5%EPS, diluted0.82 −76.6%Fiscal year 2026Revenue8.00 +14.2%Operating income1.91Net income1.53 +733.9%EPS, diluted7.27 +786.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 4.49 5.88 6.03 4.96 5.75 6.68 6.66 6.67 7.01 8.00
Growth +31.0% +2.5% −17.7% +15.8% +16.3% −0.4% +0.2% +5.1% +14.2%
Operating income 0.79 0.67 0.82 −0.55 0.97 1.18 1.17 1.14 0.42 1.91
Net income 0.59 0.40 0.64 −0.65 0.83 0.86 0.94 0.82 0.18 1.53
Growth −32.7% +61.9% −201.4% +2.6% +9.3% −12.8% −77.5% +733.9%
EPS, diluted 2.09 1.38 2.21 −2.34 2.95 3.17 3.88 3.50 0.82 7.27
Growth −34.0% +60.1% −205.9% +7.5% +22.4% −9.8% −76.6% +786.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin68.6%Operating margin17.5%Net margin13.2%Free cash flow margin12.7%Fiscal year 2018Gross margin65.5%Operating margin11.4%Net margin6.8%Free cash flow margin12.4%Fiscal year 2019Gross margin67.3%Operating margin13.6%Net margin10.7%Free cash flow margin8.6%Fiscal year 2020Gross margin65.3%Operating margin−11.1%Net margin−13.1%Free cash flow margin4.1%Fiscal year 2021Gross margin71.0%Operating margin16.8%Net margin14.5%Free cash flow margin21.0%Fiscal year 2022Gross margin69.6%Operating margin17.6%Net margin12.8%Free cash flow margin11.4%Fiscal year 2023Gross margin70.8%Operating margin17.6%Net margin14.1%Free cash flow margin11.9%Fiscal year 2024Gross margin73.3%Operating margin17.1%Net margin12.2%Free cash flow margin17.2%Fiscal year 2025Gross margin75.4%Operating margin5.9%Net margin2.6%Free cash flow margin15.6%Fiscal year 2026Gross margin77.8%Operating margin23.9%Net margin19.1%Free cash flow margin22.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 68.6% 65.5% 67.3% 65.3% 71.0% 69.6% 70.8% 73.3% 75.4% 77.8%
Operating margin 17.5% 11.4% 13.6% −11.1% 16.8% 17.6% 17.6% 17.1% 5.9% 23.9%
Net margin 13.2% 6.8% 10.7% −13.1% 14.5% 12.8% 14.1% 12.2% 2.6% 19.1%
Free cash flow margin 12.7% 12.4% 8.6% 4.1% 21.0% 11.4% 11.9% 17.2% 15.6% 22.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow0.85Capital expenditure−0.28Free cash flow0.57Buybacks0.00Dividends paid−0.38Fiscal year 2018Operating cash flow1.00Capital expenditure−0.27Free cash flow0.73 +27.9%Buybacks0.00Dividends paid−0.38Fiscal year 2019Operating cash flow0.79Capital expenditure−0.27Free cash flow0.52 −29.0%Buybacks−0.10Dividends paid−0.39Fiscal year 2020Operating cash flow0.41Capital expenditure−0.21Free cash flow0.20 −61.1%Buybacks−0.30Dividends paid−0.38Fiscal year 2021Operating cash flow1.32Capital expenditure−0.12Free cash flow1.21 +499.1%Buybacks0.00Dividends paid0.00Fiscal year 2022Operating cash flow0.85Capital expenditure−0.09Free cash flow0.76 −37.1%Buybacks−1.60Dividends paid−0.26Fiscal year 2023Operating cash flow0.98Capital expenditure−0.18Free cash flow0.79 +4.2%Buybacks−0.70Dividends paid−0.28Fiscal year 2024Operating cash flow1.26Capital expenditure−0.11Free cash flow1.15 +45.0%Buybacks0.00Dividends paid−0.32Fiscal year 2025Operating cash flow1.22Capital expenditure−0.12Free cash flow1.09 −4.6%Buybacks−1.72Dividends paid−0.30Fiscal year 2026Operating cash flow1.98Capital expenditure−0.17Free cash flow1.81 +65.7%Buybacks−1.55Dividends paid−0.33
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 0.85 1.00 0.79 0.41 1.32 0.85 0.98 1.26 1.22 1.98
Capital expenditure −0.28 −0.27 −0.27 −0.21 −0.12 −0.09 −0.18 −0.11 −0.12 −0.17
Free cash flow 0.57 0.73 0.52 0.20 1.21 0.76 0.79 1.15 1.09 1.81
Growth +27.9% −29.0% −61.1% +499.1% −37.1% +4.2% +45.0% −4.6% +65.7%
Buybacks 0.00 0.00 −0.10 −0.30 0.00 −1.60 −0.70 0.00 −1.72 −1.55
Dividends paid −0.38 −0.38 −0.39 −0.38 0.00 −0.26 −0.28 −0.32 −0.30 −0.33

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash2.67Total debt1.60Net cash (debt)1.07Shareholders’ equity3.00Debt to equity0.53Fiscal year 2018Cash1.24Total debt1.62Net cash (debt)−0.37Shareholders’ equity3.24Debt to equity0.50Fiscal year 2019Cash0.97Total debt1.62Net cash (debt)−0.65Shareholders’ equity3.51Debt to equity0.46Fiscal year 2020Cash1.43Total debt2.31Net cash (debt)−0.89Shareholders’ equity2.28Debt to equity1.02Fiscal year 2021Cash2.01Total debt1.60Net cash (debt)0.41Shareholders’ equity3.26Debt to equity0.49Fiscal year 2022Cash0.79Total debt1.70Net cash (debt)−0.91Shareholders’ equity2.29Debt to equity0.74Fiscal year 2023Cash0.73Total debt1.67Net cash (debt)−0.94Shareholders’ equity2.28Debt to equity0.73Fiscal year 2024Cash6.14Total debt7.31Net cash (debt)−1.16Shareholders’ equity2.90Debt to equity2.52Fiscal year 2025Cash1.10Total debt2.41Net cash (debt)−1.31Shareholders’ equity0.86Debt to equity2.81Fiscal year 2026Cash0.97Total debt2.40Net cash (debt)−1.42Shareholders’ equity0.69Debt to equity3.46
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 2.67 1.24 0.97 1.43 2.01 0.79 0.73 6.14 1.10 0.97
Total debt 1.60 1.62 1.62 2.31 1.60 1.70 1.67 7.31 2.41 2.40
Net cash (debt) 1.07 −0.37 −0.65 −0.89 0.41 −0.91 −0.94 −1.16 −1.31 −1.42
Shareholders’ equity 3.00 3.24 3.51 2.28 3.26 2.29 2.28 2.90 0.86 0.69
Debt to equity 0.53 0.50 0.46 1.02 0.49 0.74 0.73 2.52 2.81 3.46

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 1 Jul 2017 FY2018 30 Jun 2018 FY2019 29 Jun 2019 FY2020 27 Jun 2020 FY2021 3 Jul 2021 FY2022 2 Jul 2022 FY2023 1 Jul 2023 FY2024 29 Jun 2024 FY2025 28 Jun 2025 FY2026 27 Jun 2026
Revenue and profit
4.49 5.88 6.03 4.96 5.75 6.68 6.66 6.67 7.01 8.00
Growth +31.0% +2.5% −17.7% +15.8% +16.3% −0.4% +0.2% +5.1% +14.2%
1.41 2.03 1.97 1.72 1.66 2.03 1.95 1.78 1.72 1.78
3.08 3.85 4.05 3.24 4.08 4.65 4.71 4.89 5.29 6.23
Growth +24.9% +5.3% −20.1% +26.0% +13.9% +1.4% +3.7% +8.2% +17.8%
2.29 3.18 3.23 n/a 3.11 3.47 3.54 3.75 4.02 4.31
0.79 0.67 0.82 −0.55 0.97 1.18 1.17 1.14 0.42 1.91
Growth −14.7% +22.0% −167.2% +21.5% −0.3% −2.8% −63.6% +361.3%
0.76 0.60 0.77 −0.62 0.90 1.05 1.14 1.01 0.22 1.86
0.17 0.20 0.12 0.03 0.06 0.19 0.21 0.20 0.03 0.33
0.59 0.40 0.64 −0.65 0.83 0.86 0.94 0.82 0.18 1.53
Growth −32.7% +61.9% −201.4% +2.6% +9.3% −12.8% −77.5% +733.9%
Per share
2.11 1.39 2.22 −2.34 3.00 3.24 3.96 3.56 0.84 7.49
2.09 1.38 2.21 −2.34 2.95 3.17 3.88 3.50 0.82 7.27
Growth −34.0% +60.1% −205.9% +7.5% +22.4% −9.8% −76.6% +786.6%
280.6 285.4 289.4 278.6 277.9 264.3 236.4 229.2 216.8 204.0
282.8 288.6 290.8 278.6 283.0 270.1 241.3 233.2 222.5 210.2
Growth +2.1% +0.8% −4.2% +1.6% −4.6% −10.7% −3.4% −4.6% −5.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.9% a year over five years, and earnings per share grew 19.8% a year.
  • The diluted share count fell 25.7% in five years, so buybacks did some of the work per share.
  • Operating margin is up 7.1 points on five years ago, at 23.9%.
  • A net loss in 1 of 10 years on file.