Tapestry, Inc. income statement
In fiscal 2026, Tapestry, Inc. reported revenue of $8.00bn, up 14.2% on the year before, operating income of $1.91bn (a 23.9% margin) and net income of $1.53bn, or $7.27 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Jul 2010 | 2011Jul 2011 | 2012Jun 2012 | 2013Jun 2013 | 2014Jun 2014 | 2015Jun 2015 | 2016Jul 2016 | 2017Jul 2017 | 2018Jun 2018 | 2019Jun 2019 | 2020Jun 2020 | 2021Jul 2021 | 2022Jul 2022 | 2023Jul 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,608 | 4,159 | 4,763 | 5,075 | 4,806 | 4,192 | 4,492 | 4,488 | 5,880 | 6,027 | 4,961 | 5,746 | 6,685 | 6,661 | 6,671 | 7,011 | 8,004 |
| Cost of revenue | 974 | 1,135 | 1,297 | 1,377 | 1,509 | 1,283 | 1,441 | 1,407 | 2,032 | 1,973 | 1,722 | 1,664 | 2,034 | 1,946 | 1,782 | 1,722 | 1,775 |
| Gross profit | 2,634 | 3,024 | 3,466 | 3,698 | 3,297 | 2,909 | 3,051 | 3,081 | 3,849 | 4,054 | 3,239 | 4,082 | 4,650 | 4,715 | 4,890 | 5,289 | 6,229 |
| Selling, general and administrative | 1,484 | 1,719 | 1,954 | 2,174 | 2,177 | 2,291 | 2,398 | 2,294 | 3,178 | 3,234 | — | 3,114 | 3,475 | 3,543 | 3,749 | 4,019 | 4,315 |
| Operating income | 1,150 | 1,305 | 1,512 | 1,525 | 1,120 | 618 | 654 | 787 | 672 | 820 | −551 | 968 | 1,176 | 1,172 | 1,140 | 415 | 1,914 |
| Interest expense | — | — | — | 1 | 2 | 12 | 33 | 27 | 86 | 67 | 72 | 74 | 69 | 73 | 370 | 271 | 119 |
| Net interest income | 8 | 1 | 1 | 2 | 2 | −6 | −27 | −28 | −74 | −48 | −60 | −71 | −59 | −28 | −125 | −85 | −55 |
| Income before tax | 1,158 | 1,301 | 1,506 | 1,521 | 1,122 | 627 | 627 | 759 | 597 | 766 | −624 | 897 | 1,047 | 1,143 | 1,012 | 216 | 1,861 |
| Income tax | 423 | 420 | 467 | 486 | 341 | 166 | 166 | 168 | 199 | 123 | 28 | 63 | 191 | 207 | 196 | 33 | 333 |
| Net income | 735 | 881 | 1,039 | 1,034 | 781 | 402 | 461 | 591 | 398 | 643 | −652 | 834 | 856 | 936 | 816 | 183 | 1,528 |
| Diluted EPS | $2.33 | $2.92 | $3.53 | $3.61 | $2.79 | $1.45 | $1.65 | $2.09 | $1.38 | $2.21 | −$2.34 | $2.95 | $3.17 | $3.88 | $3.50 | $0.82 | $7.27 |
| Diluted shares (average) | 316m | 302m | 294m | 286m | 280m | 277m | 279m | 283m | 289m | 291m | 279m | 283m | 270m | 241m | 233m | 223m | 210m |
| EBITDA | 1,277 | 1,430 | 1,645 | 1,688 | 1,310 | 859 | 873 | 1,006 | 943 | 1,090 | 278 | 1,189 | 1,371 | 1,355 | 1,314 | 578 | 2,075 |
| Quarter | 2025 Q1Sept 2024 | 2025 Q2Dec 2024 | 2025 Q3Mar 2025 | 2025 Q4Jun 2025 | 2026 Q1Sept 2025 | 2026 Q2Dec 2025 | 2026 Q3Mar 2026 | 2026 Q4Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,508 | 2,195 | 1,585 | 1,723 | 1,705 | 2,502 | 1,921 | 1,877 |
| Cost of revenue | 373 | 562 | 379 | 408 | 404 | 614 | 444 | 313 |
| Gross profit | 1,135 | 1,633 | 1,206 | 1,315 | 1,301 | 1,888 | 1,477 | 1,564 |
| Selling, general and administrative | 883 | 1,140 | 952 | 1,044 | 972 | 1,172 | 1,049 | 1,121 |
| Operating income | 252 | 493 | 254 | −584 | 328 | 716 | 428 | 442 |
| Interest expense | 123 | 86 | 33 | 29 | 30 | 31 | 29 | 29 |
| Net interest income | −31 | −25 | −15 | −15 | −13 | −17 | −13 | −12 |
| Income before tax | 226 | 345 | 239 | −594 | 319 | 697 | 416 | 429 |
| Income tax | 39 | 35 | 36 | −77 | 44 | 136 | 72 | 81 |
| Net income | 187 | 310 | 203 | −517 | 275 | 561 | 344 | 348 |
| Diluted EPS | $0.79 | $1.38 | $0.95 | −$2.30 | $1.28 | $2.68 | $1.65 | $1.69 |
| EBITDA | 293 | 534 | 295 | −540 | 365 | 757 | 469 | 488 |
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