Tapestry, Inc.
Financial Performance
Tapestry Revenue & Financials
Revenue
$8B (FY2026)
Market Cap
$23B
Net Income
$1.5B
Employees
20,600
What is Tapestry's revenue?
Tapestry had $8B in revenue for fiscal year 2026, up 14.2% from 2025. Net income was $1.5B.
- Latest revenue
- $8B (FY2026)
- Year-over-year
- +14.2%
- Growth rate (CAGR)
- 6.6% over 9 years
- Peak revenue
- $8B (FY2026)
- Years of data
- 10
- Employees
- 20,600
Financial Analysis
Tapestry's fiscal 2026 was its strongest year on record. Net sales reached $8.004 billion, GAAP operating income was $1.914 billion (23.9% margin), GAAP diluted EPS was $7.27 and non-GAAP EPS was $7.05, up 38%. Operating cash flow was $1.98 billion and adjusted free cash flow $1.86 billion. The company returned $1.7 billion to shareholders, including $1.35 billion of buybacks, and raised its quarterly dividend 16% to $0.4625 per share. It ended the year with $1.15 billion in cash and short-term investments and $2.38 billion of borrowings.
Revenue Trend Analysis
YoY Change
+14.2%
9-Year CAGR
+6.6%
Peak Year
2026
Trend
Consistent Growth
Tapestry, Inc. has 10 full fiscal year figures on this page, compounding at +6.6% annually over 9 years. The most recent year saw a 14.2% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $8B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
Click any row to see year details.
Tapestry, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Jun 27, 2026 | $2B | $166M | $6.7B | $6B | $692.1M | $1.8B | Form 10-K |
| FY2025ended Jun 28, 2025 | $1.2B | $122.7M | $6.6B | $5.7B | $857.8M | $1.1B | Form 10-K |
| FY2024ended Jun 29, 2024 | $1.3B | $108.9M | $13.4B | $10.5B | $2.9B | $1.1B | Form 10-K |
| FY2023ended Jul 1, 2023 | $975.2M | $184.2M | $7.1B | $4.8B | $2.3B | $791M | Form 10-K |
| FY2022ended Jul 2, 2022 | $853.2M | $93.9M | $7.3B | $5B | $2.3B | $759.3M | Form 10-K |
| FY2021ended Jul 3, 2021 | $1.3B | $116M | $8.4B | $5.1B | $3.3B | $1.2B | Form 10-K |
| FY2020ended Jun 27, 2020 | $407M | $205.4M | $7.9B | $5.6B | $2.3B | $201.6M | Form 10-K |
| FY2019ended Jun 29, 2019 | $792.4M | $274.2M | $6.9B | $3.4B | $3.5B | $518.2M | Form 10-K |
| FY2018ended Jun 30, 2018 | $997.5M | $267.4M | $6.7B | $3.4B | $3.2B | $730.1M | Form 10-K |
| FY2017ended Jul 1, 2017 | $853.8M | $283.1M | $5.8B | $2.8B | $3B | $570.7M | Form 10-K |
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Tapestry Revenue and Financial FAQ
What is Tapestry, Inc.'s annual revenue and where is it listed?
Tapestry, Inc. is publicly traded on the New York Stock Exchange under ticker symbol TPR. The company generates annual net sales exceeding $6.7 billion to $6.8 billion USD, ranking among the world's leading luxury fashion houses.
What is Tapestry's gross margin and operating margin performance?
Tapestry delivers an industry-leading gross margin between 71% and 73%, generating operating income of approximately $1.15 billion to $1.25 billion USD with an operating profit margin between 17% and 18.5%, consistently outperforming many traditional apparel peers.
What is Tapestry's market capitalization and enterprise valuation?
Tapestry commands a market capitalization between $11 billion and $13 billion USD and an enterprise value of approximately $16 billion to $18 billion when accounting for net balance sheet obligations.
What is Tapestry's dividend payout policy and shareholder yield?
Tapestry maintains an attractive dividend program, paying an annual cash dividend of $1.40 per share (yielding ~2.5% to 3.2%), backed by a conservative dividend payout ratio around 35% to 40% of net income.
What was the financial aftermath of the terminated Capri Holdings merger in 2024?
Following the federal court injunction and mutual termination of the $8.5 billion Capri deal in November 2024, Tapestry redirected its substantial cash reserves and committed financing into an aggressive $2 billion accelerated share repurchase program, boosting earnings per share (EPS).
How much free cash flow does Tapestry generate annually?
Tapestry generates robust, consistent free cash flow exceeding $1.0 billion to $1.2 billion annually, driven by lean inventory management, strong full-price retail sell-through, and modest capital expenditure requirements (~$200M to $250M annually).
What is the financial performance of Coach compared to Kate Spade and Stuart Weitzman?
Coach is exceptionally profitable, delivering operating margins exceeding 28% to 30%. In contrast, Kate Spade generates operating margins around 11% to 13%, while Stuart Weitzman operates near operating breakeven as it undergoes brand turnaround.
What is the structure of Tapestry's balance sheet debt and credit rating?
Tapestry maintains an investment-grade credit rating (Baa3/BBB-) with approximately $5.5 billion in total debt. Following the termination of the Capri transaction, Tapestry redeemed bridge loan commitments, maintaining a net debt-to-adjusted EBITDA leverage ratio under 2.2x.
How did Tapestry's "Acceleration Program" impact financial efficiency?
The Acceleration Program eliminated approximately $300 million in structural corporate gross run-rate expenses, optimized corporate organizational layers, and modernized digital supply chains, driving Return on Invested Capital (ROIC) above 20%.
How do foreign currency fluctuations impact Tapestry's consolidated financials?
Because Tapestry generates over 35% of its sales outside the United States (primarily in China, Japan, and Europe), a strengthening U.S. dollar creates translation headwinds on reported international revenues, which the company partially hedges through currency derivatives.
How many retail and outlet store locations does Tapestry operate globally?
Tapestry operates approximately 1,400 directly operated retail and outlet stores worldwide—including roughly 930 Coach stores, 380 Kate Spade stores, and 90 Stuart Weitzman boutiques—alongside regional e-commerce sites.
What is Wall Street's investment thesis on Tapestry stock (NYSE: TPR)?
Analysts view Tapestry as a high-free-cash-flow luxury brand compounding machine with strong brand heat at Coach, accelerating capital returns through buybacks and dividends, and significant upside potential from Kate Spade margin turnaround.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Tapestry Revenue & Financials." CorpDigest, https://corpdigest.com/company/tapestry/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Tapestry reported $8B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/tapestry/financials" target="_blank" rel="noopener">CorpDigest — Tapestry financials</a></div>Related Financial Audits
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