Tapestry, Inc. (TPR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 1.92B | 2.5B | 1.7B | 1.72B | 1.58B | 2.2B | 1.51B | 1.59B | 1.48B | 2.08B | 1.51B | 1.62B | 1.51B | 2.03B | 1.51B | 1.62B | 1.44B | 2.14B | 1.48B | 1.62B |
| Revenue Growth % | 21.2% | 13.98% | 13.07% | 8.3% | 6.89% | 5.32% | -0.38% | -1.75% | -1.8% | 2.92% | 0.44% | -0.33% | 5.01% | -5.41% | 1.73% | 0.59% | 12.9% | 27.04% | 26.34% | 125.99% |
| Cost of Goods Sold | 444.1M | 614M | 404.1M | 408.1M | 378.8M | 562.3M | 372.6M | 399.9M | 375M | 591.3M | 415.5M | 446.8M | 411.2M | 636.1M | 451.9M | 505.7M | 432.4M | 683.8M | 412.2M | 449.3M |
| COGS % of Revenue | 23.12% | 24.54% | 23.71% | 23.68% | 23.91% | 25.61% | 24.72% | 25.13% | 25.3% | 28.37% | 27.46% | 27.59% | 27.24% | 31.41% | 30% | 31.12% | 30.08% | 31.94% | 27.83% | 27.81% |
| Gross Profit | 1.48B | 1.89B | 1.3B | 1.32B | 1.21B | 1.63B | 1.13B | 1.19B | 1.11B | 1.49B | 1.1B | 1.17B | 1.1B | 1.39B | 1.05B | 1.12B | 1.01B | 1.46B | 1.07B | 1.17B |
| Gross Margin % | 76.88% | 75.46% | 76.29% | 76.32% | 76.09% | 74.39% | 75.28% | 74.87% | 74.7% | 71.63% | 72.54% | 72.41% | 72.76% | 68.59% | 70% | 68.88% | 69.92% | 68.06% | 72.17% | 72.19% |
| Gross Profit Growth % | 22.45% | 15.63% | 14.59% | 10.4% | 8.89% | 9.37% | 3.39% | 1.58% | 0.83% | 7.48% | 4.09% | 4.78% | 9.27% | -4.67% | -1.32% | -4.02% | 10.22% | 24.17% | 28.73% | 133.73% |
| Operating Expenses | 1.05B | 1.17B | 972.3M | 1.9B | 952.1M | 1.14B | 882.9M | 956.2M | 903.1M | 1.05B | 844.5M | 899.1M | 872M | 971.1M | 800.3M | 870.7M | 835.6M | 994.6M | 773.7M | 906.4M |
| OpEx % of Revenue | 54.62% | 46.84% | 57.04% | 110.18% | 60.08% | 51.94% | 58.57% | 60.1% | 60.92% | 50.16% | 55.81% | 55.52% | 57.77% | 47.95% | 53.12% | 53.58% | 58.13% | 46.45% | 52.25% | 56.11% |
| Selling, General & Admin | 1.05B | 1.17B | 972.3M | 1.04B | 952.1M | 1.14B | 882.9M | 956.2M | 903.1M | 1.05B | 844.5M | 899.1M | 872M | 971.1M | 800.3M | 870.7M | 835.6M | 994.6M | 773.7M | 906.4M |
| SG&A % of Revenue | 54.62% | 46.84% | 57.04% | 60.57% | 60.08% | 51.94% | 58.57% | 60.1% | 60.92% | 50.16% | 55.81% | 55.52% | 57.77% | 47.95% | 53.12% | 53.58% | 58.13% | 46.45% | 52.25% | 56.11% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 427.5M | 716.4M | 328.2M | -583.5M | 253.7M | 492.8M | 252M | 235M | 204.3M | 447.6M | 253.2M | 273.6M | 226.3M | 418.2M | 254.3M | 248.5M | 169.5M | 462.8M | 295M | 259.7M |
| Operating Margin % | 22.26% | 28.63% | 19.25% | -33.86% | 16.01% | 22.45% | 16.72% | 14.77% | 13.78% | 21.47% | 16.73% | 16.89% | 14.99% | 20.65% | 16.88% | 15.29% | 11.79% | 21.61% | 19.92% | 16.08% |
| Operating Income Growth % | 68.51% | 45.37% | 30.24% | -348.3% | 24.18% | 10.1% | -0.47% | -14.11% | -9.72% | 7.03% | -0.43% | 10.1% | 33.51% | -9.64% | -13.8% | -4.31% | 45.24% | 18.85% | 45.9% | 192.75% |
| EBITDA | 427.5M | 771.5M | 365.4M | -522M | 306.7M | 548.3M | 306.9M | 338.2M | 258.6M | 502.5M | 310.9M | 325.3M | 268.2M | 463M | 298.1M | 295.7M | 218M | 511.6M | 345.8M | 311.2M |
| EBITDA Margin % | 22.26% | 30.83% | 21.44% | -30.29% | 19.36% | 24.97% | 20.36% | 21.26% | 17.44% | 24.11% | 20.55% | 20.09% | 17.77% | 22.86% | 19.79% | 18.2% | 15.17% | 23.89% | 23.35% | 19.26% |
| EBITDA Growth % | 39.39% | 40.71% | 19.06% | -254.35% | 18.6% | 9.11% | -1.29% | 3.97% | -3.58% | 8.53% | 4.29% | 10.01% | 23.03% | -9.5% | -13.79% | -4.98% | 20.11% | 16.11% | 36.46% | 237.33% |
| D&A (Non-Cash Add-back) | 0 | 55.1M | 37.2M | 61.5M | 53M | 55.5M | 54.9M | 103.2M | 54.3M | 54.9M | 57.7M | 51.7M | 41.9M | 44.8M | 43.8M | 47.2M | 48.5M | 48.8M | 50.8M | 51.5M |
| EBIT | 427.5M | 725.2M | 331.5M | -579.2M | 254.5M | 369.8M | 256.4M | 231.3M | 201.5M | 452.3M | 251.8M | 273M | 229.3M | 424.8M | 243.6M | 240.4M | 166.5M | 406M | 292.8M | 258.6M |
| Net Interest Income | -13.1M | -17.4M | -12.8M | -14.8M | -15.4M | -24.5M | -30.7M | -30.5M | -32M | -49.2M | -13.3M | -6.2M | -6.1M | -7.9M | -7.4M | -11.9M | -14.8M | -15.9M | -16.1M | -16.4M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 13.1M | 17.4M | 12.8M | 14.8M | 15.4M | 24.5M | 30.7M | 30.5M | 32M | 49.2M | 13.3M | 6.2M | 6.1M | 7.9M | 7.4M | 11.9M | 14.8M | 15.9M | 16.1M | 16.4M |
| Other Income/Expense | -11.5M | -19.3M | -9.5M | -10.5M | -14.6M | -147.5M | -26.3M | -34.2M | -34.8M | -44.5M | -14.7M | -6.8M | -3.1M | -1.3M | -18.1M | -20M | -17.8M | -72.7M | -18.3M | -17.5M |
| Pretax Income | 416M | 697.1M | 318.7M | -594M | 239.1M | 345.3M | 225.7M | 200.8M | 169.5M | 403.1M | 238.5M | 266.8M | 223.2M | 416.9M | 236.2M | 228.5M | 151.7M | 390.1M | 276.7M | 242.2M |
| Pretax Margin % | 21.66% | 27.86% | 18.7% | -34.47% | 15.09% | 15.73% | 14.97% | 12.62% | 11.43% | 19.34% | 15.76% | 16.47% | 14.79% | 20.58% | 15.68% | 14.06% | 10.55% | 18.22% | 18.68% | 14.99% |
| Income Tax | 72.2M | 135.8M | 43.9M | -76.9M | 35.8M | 34.9M | 39.1M | 41.5M | 30.1M | 80.8M | 43.5M | 42.7M | 36.5M | 87M | 40.9M | 39.7M | 29M | 72.2M | 49.8M | 42.4M |
| Effective Tax Rate % | 17.36% | 19.48% | 13.77% | 12.95% | 14.97% | 10.11% | 17.32% | 20.67% | 17.76% | 20.04% | 18.24% | 16% | 16.35% | 20.87% | 17.32% | 17.37% | 19.12% | 18.51% | 18% | 17.51% |
| Net Income | 343.8M | 561.3M | 274.8M | -517.1M | 203.3M | 310.4M | 186.6M | 159.3M | 139.4M | 322.3M | 195M | 224.1M | 186.7M | 329.9M | 195.3M | 188.8M | 122.7M | 317.9M | 226.9M | 199.8M |
| Net Margin % | 17.9% | 22.43% | 16.12% | -30.01% | 12.83% | 14.14% | 12.38% | 10.01% | 9.4% | 15.46% | 12.89% | 13.84% | 12.37% | 16.29% | 12.96% | 11.62% | 8.54% | 14.85% | 15.32% | 12.37% |
| Net Income Growth % | 69.11% | 80.83% | 47.27% | -424.61% | 45.84% | -3.69% | -4.31% | -28.92% | -25.33% | -2.3% | -0.15% | 18.7% | 52.16% | 3.77% | -13.93% | -5.51% | 33.81% | 2.22% | -2.07% | 168.01% |
| Net Income (Continuing) | 343.8M | 561.3M | 274.8M | -517.1M | 203.3M | 310.4M | 186.6M | 159.3M | 139.4M | 322.3M | 195M | 224.1M | 186.7M | 329.9M | 195.3M | 188.8M | 122.7M | 317.9M | 226.9M | 199.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.65 | 2.68 | 1.28 | -2.49 | 0.95 | 1.38 | 0.79 | 0.68 | 0.60 | 1.39 | 0.84 | 0.95 | 0.78 | 1.36 | 0.79 | 0.75 | 0.46 | 1.15 | 0.80 | 0.69 |
| EPS Growth % | 73.68% | 94.2% | 62.03% | -466.18% | 58.33% | -0.72% | -5.95% | -28.42% | -23.08% | 2.21% | 6.33% | 26.67% | 69.57% | 18.26% | -1.25% | 8.7% | 43.75% | 3.6% | -3.61% | 165.09% |
| EPS (Basic) | 1.70 | 2.75 | 1.32 | -2.49 | 0.98 | 1.41 | 0.81 | 0.69 | 0.61 | 1.41 | 0.85 | 0.97 | 0.80 | 1.38 | 0.81 | 0.76 | 0.47 | 1.17 | 0.82 | 0.72 |
| Diluted Shares Outstanding | 208.3M | 209.8M | 215.5M | 207.8M | 213.9M | 224.9M | 235.9M | 234.7M | 234.2M | 231.7M | 232.5M | 235.4M | 239.7M | 243.3M | 246.8M | 252.3M | 265.5M | 277.2M | 285.2M | 287.6M |
| Basic Shares Outstanding | 202.5M | 204.1M | 214.69M | 207.8M | 207.3M | 219.9M | 231.5M | 230M | 229.5M | 229.3M | 228.3M | 230.2M | 234.6M | 239.3M | 241.5M | 248.1M | 265.5M | 271.1M | 278.2M | 279.2M |
| Dividend Payout Ratio | 23.56% | 14.48% | 30.31% | - | 35.76% | 23.32% | 43.62% | 50.53% | 57.75% | 24.88% | 41.13% | 30.83% | 37.49% | 21.67% | 37.22% | 32.63% | 53.22% | 21.36% | 30.67% | - |