Company file · TPR

Tapestry

Accessories was Tapestry's fastest-growing product or service in FY2026, up 23.4%

Revenue rose 14.2% to $8.0B in FY2026, from $7.0B in FY2025. Net income rose 733.9% to $1.5B. Handbags was the largest product or service, at 58% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2026 (filed Aug 13, 2026) · Latest quarter: 10-Q for the quarter ended Sep 26, 2026 (filed Nov 5, 2026) · Data pulled Nov 11, 2026

Key facts

Tapestry (NYSE: TPR) reported revenue of $8.0B for fiscal 2026, the year ended Jun 27, 2026, up 14.2% from fiscal 2025. Net income was $1.5B, up 733.9%. In its latest 10-Q, for the quarter ended Sep 26, 2026, revenue was $1.9B, up 11.1% from the same quarter a year earlier, and net income was $360M. The largest piece by product or service was Handbags, at 58% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed Aug 13, 2026) and 10-Q for the quarter ended Sep 26, 2026 (filed Nov 5, 2026).

Revenue$8.0BFY2026 · +14.2% vs FY2025

Net income$1.5BFY2026 · +733.9% vs FY2025

Operating cash flow$2.0BFY2026 · +62.6% vs FY2025

Cash & equivalents$599Mat Sep 26, 2026 · −38.6% vs FY2026 end

Total debt$2.6Bat Sep 26, 2026 · +8.3% vs FY2026 end

Diluted shares210MFY2026 avg · −5.5% vs FY2025

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

RevenueNet income

Source: 10-K FY2026, filed Aug 13, 2026

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

FY2026FY2027

Source: 10-Q filed Nov 5, 2026

How it makes money

By product or service, FY2026

LineAmountSharevs FY2025
Handbags$4.6B58%+19.9%
Accessories$2.2B28%+23.4%
Other$689M9%−7.2%
Footwear$471M6%−23.1%

Source: 10-K FY2026, XBRL breakdown

By product or service in FY2026: Handbags (58%), Accessories (28%), Other (9%) and Footwear (6%), as shares of total revenue. Total revenue was $8.0B.

By product or service: three-year mixShare of the total each fiscal year

FY2024

54%26%11%9%

FY2025

55%26%11%9%

FY2026

58%28%9%

HandbagsAccessoriesOtherFootwear

Source: 10-K FY2026

By region, FY2026

North America$5.0B63%+11.7%

Greater China$1.4B17%+32.0%

Other Asia$907M11%+1.4%

Non-US$655M8%+21.4%

Share is of the FY2026 total; 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 Q1 FY2027 (Jul to Sep 2026) compared with Q1 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.

Q1 FY2027Q1 FY2026

Company

Revenue

$1.9B Q1 FY2027

$1.7B Q1 FY2026

11.1% increase

Net income

$360M Q1 FY2027

$275M Q1 FY2026

30.9% increase

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

Cash & equivalents $599M at Sep 26, 2026, vs $975M at FY2026 end.
Total debt $2.6B at Sep 26, 2026, vs $2.4B at FY2026 end.
Operating cash flow, first 3 months of fiscal 2027: $197M vs $113M a year earlier.

The bull case and the bear case

The bull case

Revenue rose 14.2% in FY2026 to $8.0B, from $7.0B a year earlier. 10-K, FY2026
Net income rose 733.9% in FY2026 to $1.5B, from $183M. 10-K, FY2026
Operating cash flow rose 62.6% in FY2026 to $2.0B. 10-K, FY2026
Diluted shares fell 5.5% in FY2026, so each share represents a larger slice of profit. 10-K, FY2026

The bear case

Footwear revenue fell 23.1% in FY2026 to $471M. 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

Tapestry is in the apparel, accessories & luxury goods industry, part of the consumer discretionary sector. The SEC files it under Leather & Leather Products.

The full description of Tapestry's business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service and region.

Its fiscal year ends in June; the latest, FY2026, ended Jun 27, 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 Tapestry’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	$6.7B	$7.0B	$8.0B
Net income	$816M	$183M	$1.5B
Operating cash flow	$1.3B	$1.2B	$2.0B
Cash & equivalents (year end)	$6.1B	$1.1B	$975M
Total debt (year end)	$7.3B	$2.4B	$2.4B
Diluted shares	233M	222M	210M

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: The current part of long-term debt plus long-term debt, at carrying value.
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

Tapestry names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Jun 27, 2026.

Recent filings

Form	Filed	Period
10-Q	Nov 5, 2026	Sep 26, 2026
DEF 14A	Sep 25, 2026	Nov 11, 2026
10-K	Aug 13, 2026	Jun 27, 2026

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

Common questions about Tapestry

How does Tapestry make money?

Tapestry's revenue was $8.0B in fiscal 2026. By product or service in FY2026: Handbags (58%), Accessories (28%), Other (9%) and Footwear (6%), as shares of total revenue. Total revenue was $8.0B. Source: 10-K for fiscal 2026, filed Aug 13, 2026.

What was Tapestry's revenue in fiscal 2026?

$8.0B of revenue for the fiscal year ended Jun 27, 2026, up 14.2% from $7.0B in fiscal 2025. Fiscal 2024 was $6.7B. Source: 10-K for fiscal 2026, filed Aug 13, 2026.

Is Tapestry profitable?

Tapestry reported net income of $1.5B for fiscal 2026, up 733.9% from $183M in fiscal 2025. That is a profit under US accounting rules (GAAP). In the quarter ended Sep 26, 2026, net income was $360M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Aug 13, 2026.

What did Tapestry report in its latest quarterly filing?

Revenue was $1.9B in the quarter ended Sep 26, 2026, up 11.1% from $1.7B a year earlier. Net income was $360M, up 30.9% from $275M. Source: 10-Q for the quarter ended Sep 26, 2026, filed Nov 5, 2026.

How much cash and debt does Tapestry have?

Tapestry had $599M in cash and cash equivalents and $2.6B of total debt on Sep 26, 2026. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Nov 5, 2026.

What are the main risks Tapestry faces?

Tapestry's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Aug 13, 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 Tapestry numbers come from?

From Tapestry's own SEC filings: the 10-K for fiscal 2026 (filed Aug 13, 2026) and the 10-Q for the quarter ended Sep 26, 2026 (filed Nov 5, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Tapestry

Millennium Management: 1,423,542 shares, reported value $208.4M at Jun 30, 2026 (+300.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Point72 Asset Management: 1,411,786 shares, reported value $206.7M at Jun 30, 2026 (+113.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Citadel Advisors: 1,079,051 shares, reported value $158.0M at Jun 30, 2026 (−2.9% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Two Sigma Investments: 1,008,180 shares, reported value $147.6M at Jun 30, 2026 (+71.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Bridgewater Associates: 539,444 shares, reported value $79.0M at Jun 30, 2026 (+68.4% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 463,494 shares, reported value $67.8M at Jun 30, 2026 (−2.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 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 TPR: The editor holds no position in Tapestry (TPR). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell TPR 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 TPR, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
TapestryTPR	FY2026	$8.0B	+14.2%	$1.5B
NikeNKE	FY2026	$46.4B	+0.2%	$3.1B
Ralph LaurenRL	FY2026	$8.1B	+14.6%	$941M
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.