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Tapestry, Inc. logo

Tapestry, Inc. Income Statement

Revenue, expenses, and profitability over time

Tapestry, Inc. generated $8.8B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $1.8B with a 20.72% net margin. Gross margin stands at 75.98% and operating margin at 25.86%. Diluted EPS is $8.59, which grew 0.8% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$7.9BGross Profit (TTM)$6.0BOperating Income (TTM)$1.2BNet Income (TTM)$859.6MEps Diluted (TTM)$3.80
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$29.4B
P/E Ratio16.21
ROE166.59%

Earnings Per Share

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Basic earnings per share$1.41$0.98—$1.32$2.75$1.70
Diluted earnings per share$1.38$0.95—$1.28$2.68$1.65
Weighted-average shares, basic219.9M207.3M216.8M207.6M204.1M202.5M
Weighted-average shares, diluted224.9M213.9M222.5M215.5M209.8M208.3M

Other Income & Expense

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Gain (loss) on extinguishment of debt-$120.1M$0——$0$0
Other income (expense), net-$2.9M$800K$4.3M$3.3M-$1.9M$1.6M

Operating Income

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Gross profit$1.6B$1.2B$1.3B$1.3B$1.9B$1.5B
Operating income$492.8M$253.7M—$328.2M$716.4M$427.5M

Income Before Tax

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Income before income taxes$345.3M$239.1M—$318.7M$697.1M$416M

Tax

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Income tax expense$34.9M$35.8M—$43.9M$135.8M$72.2M

Net Income

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Net income$310.4M$203.3M—$274.8M$561.3M$343.8M

Revenue

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Net interest income-$24.5M-$15.4M-$14.8M-$12.8M-$17.4M-$13.1M
Total revenue$2.2B$1.6B$1.7B$1.7B$2.5B$1.9B

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Interest Income (Expense), Operating-$24.5M-$15.4M-$14.8M-$12.8M-$17.4M-$13.1M
Other income, net (Note 6)-$2.9M$800K$4.3M$3.3M-$1.9M$1.6M
Revenue From Contract With Customer Excluding Assessed Tax$2.2B$1.6B$1.7B$1.7B$2.5B$1.9B

Operating Expenses

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Selling, general and administrative$1.1B$952.1M$1B$972.3M$1.2B$1B

Cost of Revenue

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Total cost of revenue$562.3M$378.8M$408.1M$404.1M$614M$444.1M