What is Tapestry, Inc.'s deferred revenue?

Tapestry, Inc. (TPR) reported deferred revenue of $48.7M in Q1 2026.

How has Tapestry, Inc.'s deferred revenue changed year-over-year?

Tapestry, Inc.'s deferred revenue decreased by 4.9% year-over-year, from $51.2M to $48.7M.

What is the long-term trend for Tapestry, Inc.'s deferred revenue?

Over 4 years (2021 to 2025), Tapestry, Inc.'s deferred revenue has grown at a 4.1% compound annual growth rate (CAGR), from $32.4M to $38M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Tapestry, Inc. TPR Deferred Revenue

Deferred Revenue at other companies

PVHPVH

$49.6M-8.3%

Vera BradleyVRA

$1.6M-5.9%

FOS

Fossil GroupFOSL

$22.66M-10.3%

Tilly'sTLYS

$12.99M-2.4%

Oxford IndustriesOXM

$22M+4.8%

Ralph LaurenRL

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Other financials

Income statement

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Revenue$1.9B+21.2%

Gross profit$1.5B+22.4%

Operating income$427.5M+68.5%

Net income$343.8M+69.1%

EPS (diluted)$1.65+73.7%

Balance sheet

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Cash & equivalents$1.0B+0.8%

Total debt$3.9B-4.5%

Total equity$682.4M-54.3%

Total assets$6.5B-11.5%

Cash flow

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Operating cash flow$262.6M+82.0%

CapEx$36.8M+19.1%

Free cash flow$225.8M+99.1%

Valuation

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Market cap$28.27B+47.2%

Enterprise value$31.17B+41.5%

P/E20.4×+5.5×

P/S3.6×+0.9×

Profitability

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Gross margin76.2%+1.1pp

Operating margin17.9%+0.3pp

Net margin12.5%-0.7pp

FCF margin22.4%+9.4pp

Returns & leverage

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Return on equity40.3%+5.3pp

Debt / equity5.8×+3.0×

Current ratio1.8×+0.1×

Where this comes from

Reported directly by Tapestry, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Tapestry, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tapestry, Inc.'s deferred revenue?: Tapestry, Inc. (TPR) reported deferred revenue of $48.7M in Q1 2026.
How has Tapestry, Inc.'s deferred revenue changed year-over-year?: Tapestry, Inc.'s deferred revenue decreased by 4.9% year-over-year, from $51.2M to $48.7M.
What is the long-term trend for Tapestry, Inc.'s deferred revenue?: Over 4 years (2021 to 2025), Tapestry, Inc.'s deferred revenue has grown at a 4.1% compound annual growth rate (CAGR), from $32.4M to $38M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.