Company file · RL

Ralph Lauren

Asia was Ralph Lauren's fastest-growing region in FY2026, up 23.1%

Revenue rose 14.6% to $8.1B in FY2026, from $7.1B in FY2025. Net income rose 26.7% to $941M. Americas was the largest region, at 43% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2026 (filed May 21, 2026) · Latest quarter: 10-Q for the quarter ended Sep 26, 2026 (filed Nov 5, 2026) · Data pulled Nov 11, 2026

Key facts

Ralph Lauren (NYSE: RL) closed fiscal 2026 on Mar 28, 2026 with revenue of $8.1B, up 14.6% from a year before; net income came to $941M, up 26.7%. Its newest quarterly report covers the three months to Sep 26, 2026: revenue of $2.2B, up 9.1% on the same stretch of the prior year, and net income of $297M. Broken down by region, Americas led with 43% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed May 21, 2026) and 10-Q for the quarter ended Sep 26, 2026 (filed Nov 5, 2026).

Revenue$8.1BFY2026 · +14.6% vs FY2025

Net income$941MFY2026 · +26.7% vs FY2025

Operating cash flow$1.2BFY2026 · −6.6% vs FY2025

Cash & equivalents$1.4Bat Sep 26, 2026 · −28.3% vs FY2026 end

Total debt$1.2BFY2026 end · +8.4% vs FY2025

Diluted shares62MFY2026 avg · −2.7% vs FY2025

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2026, filed May 21, 2026

Quarterly revenue: fiscal 2027 vs a year earlierFiscal Q1–Q2, $bn (each quarter from that quarter's 10-Q)

FY2026FY2027

Source: 10-Q filed Aug 6, 2026 · 10-Q filed Nov 5, 2026

How it makes money

By region, FY2026

LineAmountSharevs FY2025
Americas$3.5B43%+8.7%
Europe$2.5B31%+16.8%
Asia$2.1B26%+23.1%

Source: 10-K FY2026, XBRL breakdown

By region in FY2026: Americas (43%), Europe (31%) and Asia (26%), as shares of total revenue. Total revenue was $8.1B.

By region: three-year mixShare of the total each fiscal year

FY2024

47%29%24%

FY2025

45%30%24%

FY2026

43%31%26%

AmericasEuropeAsia

Source: 10-K FY2026

By segment, FY2026

North America$3.3B41%+9.2%

Europe$2.5B31%+16.7%

Asia$2.1B26%+23.1%

Share is of FY2026 revenue; the items listed don't cover all of it. The last column is the change from FY2025.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q2 FY2027 (Jul to Sep 2026) compared with Q2 FY2026 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q2 FY2027Q2 FY2026

Company

Revenue

$2.2B Q2 FY2027

$2.0B Q2 FY2026

9.1% increase

Net income

$297M Q2 FY2027

$208M Q2 FY2026

42.9% increase

Source: Ralph Lauren 10-Q for the quarter ended Sep 26, 2026, filed Nov 5, 2026

By region

Americas

$931M Q2 FY2027

$882M Q2 FY2026

5.6% increase

Europe

$691M Q2 FY2027

$684M Q2 FY2026

1.0% increase

Asia

$571M Q2 FY2027

$446M Q2 FY2026

28.2% increase

Source: Ralph Lauren 10-Q for the quarter ended Sep 26, 2026, filed Nov 5, 2026

Cash & equivalents $1.4B at Sep 26, 2026, vs $2.0B at FY2026 end.
Operating cash flow, first 6 months of fiscal 2027: $618M vs $229M a year earlier.

The bull case and the bear case

The bull case

Revenue rose 14.6% in FY2026 to $8.1B, from $7.1B a year earlier. 10-K, FY2026
Net income rose 26.7% in FY2026 to $941M, from $743M. 10-K, FY2026
Diluted shares fell 2.7% in FY2026, so each share represents a larger slice of profit. 10-K, FY2026
Revenue in the quarter ended Sep 26, 2026 was $2.2B, up 9.1% on a year earlier. 10-Q, quarter ended Sep 26, 2026

The bear case

Operating cash flow fell 6.6% in FY2026 to $1.2B. 10-K, FY2026
Total debt rose 8.4% in FY2026 to $1.2B. 10-K, FY2026
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include consumer spending; competition; costs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Ralph Lauren is in the apparel, accessories & luxury goods industry, part of the consumer discretionary sector. The SEC files it under Men'S & Boys' Furnishgs, Work Clothg, & Allied Garments.

Ralph Lauren reports 3 segments: North America, Europe and Asia.

Its fiscal year ends in March; the latest, FY2026, ended Mar 28, 2026.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the apparel, accessories & luxury goods industry. They are not a summary of Ralph Lauren’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Consumer spendingShoppers cut back on non-essentials when budgets are tight.
CompetitionRivals, online sellers and changing tastes pressure prices and traffic.
CostsWages, freight and product costs can squeeze margins.
Supply chain and tariffsImported goods make it sensitive to trade policy and shipping disruptions.
Brand and reputationProduct problems or public criticism can hurt demand.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2024	FY2025	FY2026
Revenue	$6.6B	$7.1B	$8.1B
Net income	$646M	$743M	$941M
Operating cash flow	$1.1B	$1.2B	$1.2B
Cash & equivalents (year end)	$1.7B	$1.9B	$2.0B
Total debt (year end)	$1.1B	$1.1B	$1.2B
Diluted shares	66M	64M	62M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Short-term and long-term debt combined, at carrying value, as the company totals it.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Ralph Lauren names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Mar 28, 2026.
The segment chart covers only part of revenue: the company reports other lines that aren't part of this breakdown.

Recent filings

Form	Filed	Period
10-Q	Nov 5, 2026	Sep 26, 2026
10-Q	Aug 6, 2026	Jun 27, 2026
DEF 14A	Jun 18, 2026	Jul 30, 2026
10-K	May 21, 2026	Mar 28, 2026

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Ralph Lauren

How does Ralph Lauren make money?

Fiscal 2026 revenue: $8.1B. By region in FY2026: Americas (43%), Europe (31%) and Asia (26%), as shares of total revenue. Total revenue was $8.1B. Source: 10-K for fiscal 2026, filed May 21, 2026.

What was Ralph Lauren's revenue in fiscal 2026?

$8.1B, up 14.6% from fiscal 2025 ($7.1B). The year ended Mar 28, 2026; for fiscal 2024 the figure was $6.6B. Source: 10-K for fiscal 2026, filed May 21, 2026.

Is Ralph Lauren profitable?

Net income was $941M in fiscal 2026 (up 26.7%; fiscal 2025 was $743M). That counts as a GAAP profit. The latest quarter, ended Sep 26, 2026: net income was $297M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed May 21, 2026.

What did Ralph Lauren report in its latest quarterly filing?

For the three months to Sep 26, 2026: revenue $2.2B (up 9.1% from $2.0B) and net income $297M (up 42.9% from $208M). Source: 10-Q for the quarter ended Sep 26, 2026, filed Nov 5, 2026.

What are the main risks Ralph Lauren faces?

Ralph Lauren's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed May 21, 2026. Risks that are common among companies in the apparel, accessories & luxury goods industry include Consumer spending; competition; costs; supply chain and tariffs; brand and reputation. The first: Shoppers cut back on non-essentials when budgets are tight. Source: 10-K, Item 1A Risk Factors.

Where do these Ralph Lauren numbers come from?

The 10-K filed May 21, 2026 (fiscal 2026) and the 10-Q filed Nov 5, 2026 (quarter ended Sep 26, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Ralph Lauren

Two Sigma Investments: 1,048,689 shares, reported value $421.0M at Jun 30, 2026 (+16.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Point72 Asset Management: 279,031 shares, reported value $112.0M at Jun 30, 2026 (+4.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Millennium Management: 200,147 shares, reported value $80.3M at Jun 30, 2026 (−33.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 158,860 shares, reported value $63.8M at Jun 30, 2026 (+138.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
Citadel Advisors: 127,216 shares, reported value $51.1M at Jun 30, 2026 (+125.7% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Bridgewater Associates: 28,435 shares, reported value $11.4M at Jun 30, 2026 (+305.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in RL: The editor holds no position in Ralph Lauren (RL). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell RL from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 10, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold RL, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Ralph LaurenRL	FY2026	$8.1B	+14.6%	$941M
NikeNKE	FY2026	$46.4B	+0.2%	$3.1B
TapestryTPR	FY2026	$8.0B	+14.2%	$1.5B
Lululemon AthleticaLULU	FY2025	$11.1B	+4.9%	$1.6B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.