VF Corporation income statement
In fiscal 2026, VF Corporation reported revenue of $9.61bn, up 1.1% on the year before, operating income of $577m (a 6.0% margin) and net income of $255m, or $0.64 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 | 2010Jan 2010 | 2011Jan 2011 | 2012Dec 2011 | 2013Dec 2012 | 2014Dec 2013 | 2015Jan 2015 | 2016Jan 2016 | 2017Dec 2016 | 2018Dec 2017 | 2019Mar 2019 | 2020Mar 2020 | 2021Apr 2021 | 2022Apr 2022 | 2023Apr 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.2 | 7.7 | 9.5 | 10.9 | 11.4 | 11.9 | 11.0 | 11.0 | 8.4 | 10.3 | 10.5 | 9.2 | 11.8 | 11.1 | 9.9 | 9.5 | 9.6 | 9.4 |
| Cost of revenue | — | — | — | — | — | — | — | 5.6 | 3.8 | 4.7 | 4.7 | 4.4 | 5.4 | 5.3 | 4.8 | 4.4 | 4.3 | 4.1 |
| Gross profit | — | — | — | — | — | — | — | 5.4 | 4.5 | 5.6 | 5.8 | 4.9 | 6.5 | 5.8 | 5.1 | 5.1 | 5.3 | 5.3 |
| Selling, general and administrative | 2.3 | 2.6 | 3.1 | 3.6 | 3.8 | 4.0 | 3.7 | 3.9 | 3.7 | 4.4 | 4.5 | 4.2 | 4.8 | 4.8 | 4.7 | 4.7 | 4.7 | 4.6 |
| Operating income | 0.7 | 0.8 | 1.2 | 1.5 | 1.6 | 1.8 | 1.6 | 1.5 | 0.9 | 1.2 | 0.9 | 0.6 | 1.6 | 1.0 | −0.1 | 0.3 | 0.6 | 0.6 |
| Interest expense | — | — | — | — | — | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
| Net interest income | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | −0.1 | — | — | — | — | — | — | — |
| Income before tax | 1.1 | 1.2 | 1.5 | 1.8 | 1.6 | 1.7 | 1.6 | 1.3 | 0.8 | 1.0 | 0.7 | 0.5 | 1.5 | 0.7 | −0.3 | 0.1 | 0.3 | 0.4 |
| Income tax | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0.2 | 0.5 | 0.2 | 0.1 | 0.1 | 0.3 | −0.0 | 0.7 | 0.1 | 0.1 | 0.1 |
| Net income | 0.5 | 0.6 | 0.9 | 1.1 | 1.2 | 1.0 | 1.2 | 1.1 | 0.6 | 1.3 | 0.7 | 0.4 | 1.4 | 0.1 | −1.0 | −0.2 | 0.3 | 0.4 |
| Diluted EPS | $1.03 | $1.29 | $2.00 | $2.43 | $2.71 | $2.38 | $2.85 | $2.54 | $1.52 | $3.15 | $1.70 | $1.04 | $3.53 | $0.31 | −$2.49 | −$0.48 | $0.64 | $0.93 |
| Diluted shares (average) | 446m | 441m | 445m | 448m | 447m | 433m | 425m | 422m | 404m | 400m | 400m | 392m | 392m | 388m | 388m | 393m | 396m | 398m |
| EBITDA | 0.9 | 1.0 | 1.4 | 1.7 | 1.9 | 2.1 | 1.9 | 1.7 | 1.1 | 1.4 | 1.2 | 0.9 | 1.9 | 1.3 | 0.2 | 0.6 | 0.9 | 0.9 |
| Quarter | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 | 2027 Q2Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,834 | 2,144 | 1,761 | 2,803 | 2,876 | 2,166 | 1,669 | 2,695 |
| Cost of revenue | 1,239 | 1,001 | 812 | 1,340 | 1,247 | 944 | 752 | 1,202 |
| Gross profit | 1,595 | 1,142 | 949 | 1,462 | 1,628 | 1,222 | 917 | 1,493 |
| Selling, general and administrative | 1,318 | 1,177 | 1,036 | 1,150 | 1,309 | 1,160 | 1,000 | 1,125 |
| Operating income | 226 | −73 | −87 | 313 | 289 | 62 | −83 | 368 |
| Interest expense | 43 | 40 | 44 | 50 | 40 | 34 | 30 | 32 |
| Income before tax | 197 | −117 | −127 | 268 | 363 | −163 | −107 | 347 |
| Income tax | 28 | 34 | −10 | 79 | 62 | −44 | −10 | 62 |
| Net income | 168 | −151 | −116 | 190 | 301 | −119 | −97 | 285 |
| Diluted EPS | $0.43 | −$0.38 | −$0.30 | $0.48 | $0.76 | −$0.31 | — | — |
| EBITDA | 286 | 0 | −22 | 382 | 368 | 129 | −25 | 426 |
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