TPR TAPESTRY, INC.

Overview and Growth

TAPESTRY, INC. generated $8.00B of revenue in fiscal 2026, with net income of $1.53B and an operating cash inflow of $1.98B. The $8.00B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 14.2% above fiscal 2025 revenue of $7.01B, marking a year-over-year increase. On a per-share basis, diluted EPS was $7.27, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $0.82 in fiscal 2025, the current result was 786.6% higher. Revenue equaled 1.2x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $6.23B as gross profit before recognizing operating expenses and other items. Gross profit represented 77.8% of revenue, showing how much of the top line remained after direct costs. Operating income was $1.91B, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 23.9%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $1.53B, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 19.1% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $1.86B of earnings, providing a bridge between the operating result and final net income. The pretax margin was 23.2%, relating income before taxes directly to revenue. The reported income-tax provision was $332.90M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 17.9%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

Total assets were $6.69B, supported by $6.00B of liabilities and $692.10M of shareholder equity. The near-term balance sheet paired $2.88B of current assets with $1.65B of current liabilities at the reporting date. The current ratio was 1.75x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $974.70M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 59.3%, excluding receivables and other current assets. The company carried $2.40B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 3.46x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 35.8%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 89.7%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 14.6%, comparing reported cash and equivalents with the full positive asset balance.

Cash Flow and Earnings Quality

Cash flow from operations was $1.98B, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 1.3x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $166.00M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 8.4% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $1.81B of positive free cash flow for the period. Relative to revenue, free cash flow equaled 22.6%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 27.1%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Jun 27, 2026. Analysis generated Oct 21, 2026.