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Tapestry, Inc.

TPR Consumer Cyclical Luxury Goods

Tapestry, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $8.0 billion, up 14.2% from fiscal 2025.

Revenue
+11.1%
EPS
+37.1%
Free cash flow
+3.79%
Total debt
−2.97%

Quarter to September 2026, against a year earlier

134.56 9.25 +7.38%
Market cap
$26.6B
P/E
16.8×
Fwd P/E
14.7×
Dividend yield
1.24%
F-score
7/9
Altman Z
4.68
Beneish M
−2.79
Dividend safety
78/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Coach
  • Kate Spade
  • Stuart Weitzman
  • Stuart Weitzman

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 36.29
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 7 1 — 2 — — 1 1 — —
Insider Ownership 0.87%

Capital & Financial Ratios $m

Size
Market Cap 26,620.00
Revenue ttm 8,193.60
Net income ttm 1,612.90
Free cash flow ttm 2,062.90
Net debt Q 1,775.00
Valuation
P/E 16.84
Forward P/E 14.70
Price / sales 3.27
Forward P/S Powerpack
Price / FCF 14.12
Price / book 77.96 (above 6: high)
Financial health
Current ratio Q 1.24
Debt / equity Q 7.43 (above 2: weak)
Interest coverage Q 32.62
Growth
Revenue growth Q +11.11% (above 0%: growing)
Operating income growth Q +29.19% (above 0%: growing)
EPS, this year +16.12% (at or above 15%: strong)
EPS, next year A +11.36%
Revenue, next year A +6.67%
EPS, past 5 yrs +19.77% (at or above 15%: strong)
EPS, next 5 yrs A +13.43%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.5×, against a ten-year median of 2.0×; over the ten years it ranged from 0.7× in 2020 to 4.4× in 2026.
P/E against its own 10 years 49.82%
10-year low 10-year high
P/S against its own 10 years 91.60%
10-year low 10-year high
P/B against its own 10 years 100.00%
10-year low 10-year high
EV/Sales against its own 10 years 91.82%
10-year low 10-year high
EV/FCF against its own 10 years 42.43%
10-year low 10-year high

Dividends raised 5 years running

Yield
1.24%
Annual rate
1.66
Payout ratio
21.4%
Growth, 2017–25
+1.33%/yr
  1. 1.35 ’17
  2. 1.35 ’18 +0
  3. 1.35 ’19 +0
  4. 0.34 ’20 −75
  5. 0.50 ’21 +48
  6. 1.10 ’22 +120
  7. 1.30 ’23 +18
  8. 1.40 ’24 +8
  9. 1.50 ’25 +7
  10. 1.60 ’26e +6
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 7,204 1,120 1,152 782
Receivables 464 517 506 650
Inventory 825 861 826 1,055
Other 140 275 243 —
8,804 2,906 2,882 2,741
2024 2025 2026 Q'26
Payables 452 456 582 679
ST’ Debt 303 17 — 597
Other — 48 — —
1,712 1,557 1,645 2,210

Compound Annual Growth %

10y 5y 3y
Sales 5.95% 6.85% 6.32%
Cash Flow 10.06% 8.37% 26.59%
Earnings 12.74% 12.86% 17.74%
Book Value (12.67%) (26.65%) (32.77%)

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 1.26 Actual 1.32

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 1.25 1.38 Beat by 0.13
Q2 FY26 2.20 2.69 Beat by 0.49
Q3 FY26 1.31 1.66 Beat by 0.35
Q4 FY26 1.26 1.32 Beat by 0.06
Q1 FY27 1.56 — Reports 5 November 2026

EPS $

Sep Dec Mar Jun Year
’26 1.76 — — — —
’26 1.28 2.68 1.65 1.68 7.27
’25 0.79 1.38 0.95 (2.49) 0.82
’24 0.84 1.39 0.60 0.68 3.50
’23 0.79 1.36 0.78 0.95 3.88
’22 0.80 1.15 0.46 0.75 3.17
’21 0.83 1.11 0.32 0.69 2.95
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 1,894 — — — —
’26 1,705 2,502 1,921 1,877 8,004
’25 1,508 2,195 1,585 1,723 7,011
’24 1,513 2,085 1,482 1,591 6,671
’23 1,507 2,025 1,510 1,620 6,661
’22 1,481 2,141 1,438 1,625 6,685
’21 1,172 1,685 1,273 1,615 5,746
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 197 — — — —
’26 113 1,081 263 522 1,979
’25 120 506 144 447 1,217
’24 75 827 98 256 1,256
’23 (170) 633 112 400 975
’22 22 646 (52) 237 853
’21 90 656 198 379 1,324
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 197 — — — —
’26 190 1,038 225 360 1,813
’25 94 475 113 412 1,094
’24 54 804 79 210 1,147
’23 (198) 551 72 366 791
’22 (12) 608 (55) 218 759
’21 88 633 179 332 1,232
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 2.1% a year for ten years. It grew 13.2% a year over the last ten.

Implied
2.1%
10 years, reported
13.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 4,488 5,880 6,027 4,961 5,746 6,685 6,661 6,671 7,011 8,004 8,194 +6.6% 8,538 8,999 9,638 +6.4%
Gross margin, % 68.65 65.45 67.26 65.29 71.04 69.57 70.78 73.29 75.44 77.82 78.31 +9.2 pt
EBT 759 597 766 (624) 897 1,047 1,143 1,012 216 1,861 1,953 +10.5%
EBT margin, % 16.91 10.15 12.71 (12.58) 15.62 15.66 17.16 15.17 3.08 23.25 23.83 +6.3 pt
Net income 591 398 643 (652) 834 856 936 816 183 1,528 1,613 +11.1%
Per share, $
Per share, $ Revenue 16.00 20.60 20.83 17.81 20.68 25.29 28.18 29.11 32.34 39.24 41.11 +10.5%
Earnings 2.11 1.39 2.22 (2.34) 3.00 3.24 3.96 3.56 0.84 7.49 7.99 +15.1%
Cash flow 3.04 3.50 2.74 1.46 4.76 3.23 4.13 5.48 5.61 9.70 10.35 +13.7%
Capex (0.55) (0.94) (0.95) (0.74) (0.33) (0.36) (0.78) (0.48) (0.57) (0.81) 0.00 +4.4%
Free cash flow 2.49 2.56 1.79 0.72 4.43 2.87 3.35 5.00 5.05 8.88 10.35 +15.2%
Book value 10.70 11.37 12.14 8.17 11.73 8.65 9.64 12.64 3.96 3.39 1.73 (12.0%)
Shares, m 281 285 289 279 278 264 236 229 217 204 202 (3.5%)
Valuation, ×
Valuation, × P/E 22.44 33.36 14.16 0.00 14.45 9.48 10.81 11.79 123.68 19.52 16.84 26.0
P/S 2.96 2.25 1.50 0.75 2.10 1.21 1.52 1.44 2.72 3.73 3.27 2.0
P/B 4.43 4.08 2.58 1.63 3.71 3.53 4.44 3.32 22.19 43.15 77.96 9.3
EV/Sales 2.63 2.31 1.56 0.92 2.08 1.32 1.66 1.45 2.90 3.89 3.49 2.1
EV/FCF 16.89 18.56 18.13 22.48 9.71 11.57 13.92 8.41 18.54 17.14 15.06 15.5
Cash, $m
Cash, $m Operating cash flow 854 998 792 407 1,324 853 975 1,256 1,217 1,979 2,063 +9.8%
Capex (155) (267) (274) (205) (92) (94) (184) (109) (123) (166) (166) +0.7%
Free cash flow 699 730 518 202 1,232 759 791 1,147 1,094 1,813 2,063 +11.2%
Balance, $m
Balance, $m Working capital 3,200 1,494 1,639 811 1,950 1,105 1,077 7,092 1,349 1,237 531 (10.0%)
Net debt (1,504) 351 369 873 (105) 737 919 37 1,275 1,227 1,775 n/m
Shareholders’ equity 3,002 3,245 3,513 2,276 3,259 2,286 2,278 2,897 858 692 344 (15.0%)
Returns, %
Returns, % ROA 11.02 6.35 9.49 (8.81) 10.23 10.94 13.02 7.96 1.83 23.02 24.86 +12.0 pt
ROIC 32.86 11.68 13.20 (10.93) 19.18 24.31 22.92 24.29 12.16 62.35 59.29 +29.5 pt
ROE 20.79 12.73 19.04 (22.53) 30.14 30.89 41.02 31.54 9.76 197.14 433.87 +176.4 pt
People
People Employees 14,400 20,800 21,000 17,300 16,400 18,100 18,500 18,600 19,000 20,600 — +4.1%
Revenue/emp, $m 0.31 0.28 0.29 0.29 0.35 0.37 0.36 0.36 0.37 0.39 — +2.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jun 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Tapestry is a global house of accessories and lifestyle brands built around Coach and Kate Spade. It sells primarily handbags, small leather goods and other accessories, with footwear, ready-to-wear, jewelry, watches, eyewear, fragrance and other categories extending the assortment.

Coach is a fashion house selling accessories and lifestyle collections. Kate Spade sells handbags, ready-to-wear, jewelry, footwear, gifts, home décor and related seasonal collections. Each brand has its own design and merchandising team, while Tapestry provides shared corporate functions, technology, sourcing oversight and distribution infrastructure.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Coach 6,915 86.39%
Kate Spade 1,075 13.43%
Stuart Weitzman 15 0.18%
Stuart Weitzman 15 0.18%
Gross margin 77.82%
Operating margin 23.92%
Pre-tax margin 23.25%

Revenue by segment since 2009

Tapestry, Inc. vs peers in Luxury Goods (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TPR Tapestry, Inc. $26.6B 16.8× 14.7× +11.11% (above 0%: growing) +37.12% (above 0%: growing) +3.79% (above 0%: growing) 78.56% 22.39%
SIG Signet Jewelers Limited $4.6B 13.9× 11.8× −0.46% (below 0%: shrinking) n/m −50.56% (below 0%: shrinking) 39.42% 5.73% Compare
CPRI Capri Holdings Limited $2.2B 11.9× 9.0× −5.49% (below 0%: shrinking) n/m +155.38% (above 0%: growing) 63.29% 1.24% Compare
REAL The RealReal, Inc. $1.6B — (loss-making) 111× +18.75% (above 0%: growing) n/m −17.86% (below 0%: shrinking) 74.91% 0.71% Compare
LUXE LuxExperience B.V. - Sponsored ADR $1.4B — (loss-making) — (loss-making) +17.13% (above 0%: growing) n/m +115.02% (above 0%: growing) 48.18% (5.10%) Compare
MOV Movado Group Inc. $497.7M 17.4× 16.1× +4.90% (above 0%: growing) +307.69% (above 0%: growing) +67.92% (above 0%: growing) 59.40% 8.76% Compare
ELA Envela Corporation $280.7M 12.6× 15.1× +3.46% (above 0%: growing) +45.45% (above 0%: growing) +136.50% (above 0%: growing) 23.56% 8.99% Compare
BRLT Brilliant Earth Group, Inc. $149.7M — (loss-making) — (loss-making) +2.32% (above 0%: growing) n/m +130,800.00% (above 0%: growing) 59.72% 1.70% Compare
LANV Lanvin Group Holdings Limited $93.3M — (loss-making) — (loss-making) — −6,211.67% (below 0%: shrinking) +34.01% (above 0%: growing) 56.34% 0.00% Compare
Median of peers $953.8M 13.2× 15.1× +3.46% +45.45% +91.47% 57.87% 1.47%

All 10 Luxury Goods stocks →

From the latest earnings call

Updated

  • CEO Joanne Crevoiserat said Coach’s fourth-quarter handbag prices rose while units were roughly level, as the brand reduced promotions and attracted new customers.
  • CFO Scott Roe said Tapestry’s fiscal 2027 outlook incorporated growth at Coach and a decline at Kate Spade, alongside investment in both brands.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 99.00%
Held by the ten largest 43.83%
Holder Shares Stake Change
Vanguard 24.93m 12.44% −174.90k
BlackRock 17.84m 8.90% −510.35k
State Street 10.05m 5.02% +657.06k
Schroders 7.42m 3.70% +343.32k
Geode Capital Management 6.59m 3.29% −1.50m
Bank of America 5.27m 2.63% +227.29k
Fidelity (FMR) 4.12m 2.06% −975.11k
SRS Investment Management, LLC 4.06m 2.03% −988.95k
AQR Capital Management 3.81m 1.90% +119.65k
Ameriprise (Columbia Threadneedle) 3.75m 1.87% −150.98k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 25 September 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 33.99m 134.52m 390.00
2025 17.34m 77.66m 229.00
2024 15.43m 16.31m 110.00
2023 14.49m 21.94m 106.00
2022 13.74m 8.27m 74.00

Ownership

Directors and executive officers, together 1.28%
BLACKROCK, INC 8.17%
VANGUARD CAPITAL MANAGEMENT LLC 7.46%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Tapestry, Inc. (TPR) Latest News

5 Nov

Impact 4 · · The Motley Fool transcript
Impact 4 · · TIKR
Impact 4 · · Investing.com
Impact 4 · · Business Wire
Impact 3 · · GuruFocus.com
Impact 3 · · Moby
Impact 3 · · InvestorsHub
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Associated Press
Impact 3 · · wwd.com

29 Oct

Impact 4 · · Zacks

28 Oct

Impact 3 · · Zacks
Impact 3 · · Trefis

27 Oct

Impact 3 · · Barchart
Impact 3 · · Insider Monkey

23 Oct

Impact 3 · · Trefis

22 Oct

Impact 3 · · Business Wire

21 Oct

Impact 4 · · Zacks

20 Oct

Impact 3 · · Trefis

19 Oct

Impact 4 · · Zacks

11 Oct

Impact 4 · · time.com

9 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

8 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · MarketBeat

6 Oct

Impact 3 · · Trefis
Impact 3 · · StockStory

2 Oct

Impact 3 · · Zacks

25 Sep

Impact 3 · · Barchart

TPR metrics, ten years each

stockrow.com/TPR · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com