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Tapestry, Inc. logo

Tapestry, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Tapestry, Inc. holds $6.5B in total assets. Shareholders' equity is $682.4M against $3.9B in total debt. Cash and equivalents total $1.0B. The current ratio is 1.84 and debt-to-equity is 5.78. Based on the Q1 2026 filing.

Total Assets$6.5BTotal Stockholders Equity$682.4MLong Term Debt$2.4BCash And Equivalents$1.0BTotal Current Assets$2.7BTotal Current Liabilities$1.5B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$29.4B
P/E Ratio21.24
ROE40.27%

Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts payable$513.8M$393.3M$456.1M$495.5M$564.6M$499.7M
Accrued expenses$650M$584.4M$736.9M$657.9M$821M$666M
Other Commercial Liabilities$650M$584.4M$736.9M$657.9M$821M$666M
Commercial Paper Outstanding$25.9M$25.9M$26.5M$28.3M$28.2M$36.3M
Accrued Liabilities, Current$650M$584.4M$736.9M$657.9M$821M$666M
Current portion of long-term debt$303.4M$319.9M$16.7M$256.8M$17.1M$0
Deferred revenue$50M$51.2M$38M$47.4M$48.6M$48.7M
Derivative Liabilities - Fair Value$134.5M$153.8M$271M$216M$202.2M$231.9M
Liabilities held for sale—$49.7M$48.2M$0$0$0
Operating lease liabilities, current$283.8M$280.6M$299M$308.6M$313.9M$310.3M
Supplier Finance Program Obligations$335.9M$246.4M$272.8M$333.4M$309.8M$271M
Total current liabilities$1.8B$1.6B$1.6B$1.7B$1.7B$1.5B

Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts receivable, net$297.4M$255.8M$239.3M$289.5M$338M$305M
Allowance for Doubtful Accounts$6.4M$5.6M$5.7M$5.8M$7.2M$6.2M
Allowance for Doubtful Accounts Receivable (Current)$6.4M$5.6M$5.7M$5.8M$7.2M$6.2M
Assets held for sale—$173.7M$176.4M$0$0$0
Cash and cash equivalents$983.4M$1B$1.1B$719.5M$1.1B$1B
Other current assets$108.7M$92.1M$98.5M$105.3M$107.8M$103.7M
Derivative assets$76.2M$47.2M$22.4M$32.6M$61.3M$76.4M
Income taxes receivable$267.2M$276.4M$277.3M$321.2M$231.5M$260.9M
Inventories$937.3M$873.5M$860.7M$1B$896.4M$843.9M
Prepaid expenses and other current assets$158.4M$132.9M$133.8M$142.9M$139.4M$135.2M
Short-term investments$19M$19.1M$19.6M$23.7M$24.4M$22.1M
Total current assets$2.8B$2.9B$2.9B$2.6B$2.8B$2.7B
Trading Securities in Marketable Securities———$6.3M$6.3M$6.2M

Equity

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Additional paid-in capital$3.5B$3.6B$3.7B$4B$4B$4.1B
Accumulated other comprehensive income (loss)-$156.6M-$180.2M-$261.2M-$228.1M-$201.6M-$230.3M
Common stock1B1B1B1B1B1B
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued206.9M207.7M208.1M205.7M202.7M202.3M
Convertible Preferred Stock Authorized Shares25M25M25M25M25M25M
Convertible Preferred Stock Issued Shares000000
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$2.1M$2.1M$2.1M$2.1M$2M$2M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0$0$0$0$0$0
Preferred stock$0$0$0$0$0$0
Preferred Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Retained earnings-$2B-$1.9B-$2.6B-$3.4B-$3.3B-$3.2B
Share-Based Payment Award Options Outstanding - Number6.3M5.5M5.2M5.1M4.6M3.9M
Total liabilities and stockholders' equity$7.3B$7.3B$6.6B$6.4B$6.5B$6.5B
Total stockholders' equity$1.3B$1.5B$857.8M$399.5M$551.2M$682.4M

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Aggregate Notional Principal Outstanding$2.5B$2.4B$2.6B$2.7B$2.7B$3.1B
Derivative Notional Amount$2.5B$2.4B$2.6B$2.7B$2.7B$3.1B
Gross Assets/Liabilities$134.5M$153.8M$271M$216M$202.2M$231.9M
Allowance for doubtful accounts$6.4M$5.6M$5.7M$5.8M$7.2M$6.2M
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$1B$1B$1B$1B$1B$1B
Common stock, shares issued (in shares)$206.9M$207.7M$208.1M$205.7M$202.7M$202.3M
Common Stock, Shares, Outstanding$206.9M$207.7M$208.1M$205.7M$202.7M$202.3M
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$19.2M$19.5M$18.7M$18M$17.3M$16.6M
Deferred income taxes$273.5M$286.2M$79.8M$151.2M$198.3M$204.9M
Derivative Liability$134.5M$153.8M$271M$216M$202.2M$231.9M
Notional$2.5B$2.4B$2.6B$2.7B$2.7B$3.1B
Trading securities, cost———$6.3M$6.3M$6.2M
Fiscal 2031 and thereafter$11.3M$8.5M—$5.4M$5.4M$5.4M
Finite-Lived Intangible Assets, Accumulated Amortization$59.8M$24.3M$25.1M$25.9M$26.7M$27.5M
2028$6.5M$3M—$3M$3M$3M
2030$6.5M$3M—$3M$3M$3M
Remainder of 2026$3.2M$800K—$2.3M$1.5M$700K
2027$6.5M$3M—$3M$3M$3M
2029$6.5M$3M—$3M$3M$3M
Gross Carrying Amount$100.3M$45.6M$45.6M$45.6M$45.6M$45.6M
Income taxes receivable$267.2M$276.4M$277.3M$321.2M$231.5M$260.9M
Trademarks$1.3B$1.3B$699.1M$699.1M$699.1M$699.1M
Indefinite- lived intangible impairment$1.4B$1.4B$744.7M$744.7M$744.7M$744.7M
Letters of Credit Outstanding, Amount$25.9M$25.9M$26.5M$28.3M$28.2M$36.3M
Fair value of long-term debt——$0——$2.9M
Preferred Stock, Par or Stated Value Per Share$0$0$0$0$0$0
Preferred Stock, Shares Authorized$25M$25M$25M$25M$25M$25M
Preferred Stock, Shares Issued$0$0$0$0$0$0
Prepaid expenses$158.4M$132.9M$133.8M$142.9M$139.4M$135.2M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$6.3M$5.5M$5.2M$5.1M$4.6M$3.9M
Number of tranche——4.00———
Remainder of Fiscal Year 2024$3.2M$800K—$2.3M$1.5M$700K
Remainder of Fiscal Year 2025$3.2M$800K—$2.3M$1.5M$700K

Non-Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$19.2M$19.5M$18.7M$18M$17.3M$16.6M
Long-term debt$2.4B$2.4B$2.4B$2.4B$2.4B$2.4B
Operating lease liabilities, non-current$1.1B$1.1B$1.2B$1.3B$1.2B$1.2B
Other non-current liabilities$371.5M$391.1M$502.5M$459.9M$452.2M$490.5M
Total liabilities$5.9B$5.8B$5.7B$6B$6B$5.8B

Non-Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Deferred tax assets$273.5M$286.2M$79.8M$151.2M$198.3M$204.9M
Deferred Tax Assets and Other Non-Current Assets$146.2M$137.6M$117.7M$132.9M$146.8M$162.5M
Equity method investments$1.3M$1.3M—$6.3M$6.3M$6.2M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments———$6.3M$6.3M$6.2M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$6.5M$3M—$3M$3M$3M
Finite Lived Intangible Assets - Gross$100.3M$45.6M$45.6M$45.6M$45.6M$45.6M
Goodwill$1.2B$1.2B$983.3M$975.4M$966.7M$960.4M
Indefinite-Lived Intangible Assets$1.3B$1.3B$699.1M$699.1M$699.1M$699.1M
Indefinite-Lived Intangible Assets, Gross$1.3B$1.3B$699.1M$699.1M$699.1M$699.1M
Indefinite-Lived Research and Development Assets$1.3B$1.3B$699.1M$699.1M$699.1M$699.1M
Indefinite-Lived Trademarks$1.3B$1.3B$699.1M$699.1M$699.1M$699.1M
Intangible Assets Gross (Excluding Goodwill)$1.4B$1.4B$744.7M$744.7M$744.7M$744.7M
Intangible assets, net$40.5M$21.3M$20.5M$19.7M$18.9M$18.1M
Investments - Amortized Cost Basis———$6.3M$6.3M$6.2M
Net Investment in Lease$1.2B$1.2B$1.3B$1.4B$1.4B$1.4B
Deferred tax assets$42.8M$43.3M$33.8M$33.1M$33.8M$31.8M
Intangible assets — net$40.5M$21.3M$20.5M$19.7M$18.9M$18.1M
Other intangible assets—net$1.4B$1.3B$719.6M$718.8M$718M$717.2M
Operating lease right-of-use assets$1.2B$1.2B$1.3B$1.4B$1.4B$1.4B
Other non-current assets$146.2M$137.6M$117.7M$132.9M$146.8M$162.5M
Property, plant and equipment, net$498.4M$485.2M$489.5M$487.5M$492M$492.7M
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$19.6M$19.3M$19.6M$23.7M$24.4M$22.1M
Operating lease right-of-use assets$1.2B$1.2B$1.3B$1.4B$1.4B$1.4B
Operating Lease Right-of-Use Assets in Other Assets$1.2B$1.2B$1.3B$1.4B$1.4B$1.4B
Other non-current assets$1.3M$1.3M$117.7M$132.9M$146.8M$162.5M
Accumulated depreciation$1.2B$1.2B$1.2B$1.2B$1.3B$1.3B
Property and equipment, net$498.4M$485.2M$489.5M$487.5M$492M$492.7M
Software and Technology Licenses, Net$146.2M$137.6M$117.7M$132.9M$146.8M$162.5M
Total assets$7.3B$7.3B$6.6B$6.4B$6.5B$6.5B