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NYSE · Consumer Discretionary

TAPESTRY, INC. (TPR)

As-reported financials and recent SEC filings for TAPESTRY, INC., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About TAPESTRY, INC.

Tapestry, Inc. is a global company that designs, manufactures, and sells accessories and lifestyle products under its brands Coach and kate spade new york. It offers handbags, footwear, small leather goods, and other fashion items through direct-to-consumer channels, wholesale partners, and licensing agreements. The company serves customers worldwide with a focus on North America, China, Southeast Asia, and Europe.

Snapshot

Revenue
$7.01B
Revenue growth (YoY)
5.1%
Net income
$183.2M
Diluted EPS
$0.82
Gross margin
75.4%
Operating margin
5.9%
Net margin
2.6%
FCF margin
15.6%
ROE
21.4%
P/E (TTM)
44.9×
Market cap
$29.79B
Debt / equity
2.8×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Tapestry

  • Revenue grew 5.1% to $7.0B in FY2025, faster than the 0.2% the year before.
  • Operating margin is 5.9% in FY2025, -10.9 pp against 16.8% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $1.9B, up 21.2% from Q3 FY2025.
  • Free cash flow was $1.1B in FY2025, 15.6% of revenue.
  • Net income fell 77.5% to $183M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Tapestry’s fundamentals sit among the 403 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin75.4%
98th percentile of 275
Operating margin5.9%
60th percentile of 348
Net margin2.6%
51st percentile of 377
FCF margin15.6%
93rd percentile of 350
Revenue growth (YoY)+5.1%
59th percentile of 394
ROE21.4%
78th percentile of 343
P/E (TTM)44.9×
90th percentile of 249
Debt / equity2.79×
89th percentile of 232
Short interest7.41d
79th percentile of 401

Tapestry’s gross margin of 75.4% ranks in the 98th percentile of the 275 Consumer Discretionary companies reporting it. Tapestry’s FCF margin of 15.6% ranks in the 93rd percentile of the 350 Consumer Discretionary companies reporting it. Tapestry’s P/E of 44.9 ranks in the 90th percentile of the 249 peers with a meaningful P/E.

No open-market insider buys in the last 90 days; 3 insider sales totaling $6.4M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
6
0 new, 6 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$1.23B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$525.2M3.7MAdded
Citadel AdvisorsquantQ1 2026$156.8M1.1MAdded
D. E. ShawquantQ1 2026$123.0M871.9KAdded
Point72 Asset ManagementquantQ1 2026$93.5M662.3KAdded
Gotham Asset ManagementQ1 2026$90.0M638.0KAdded
Two Sigma InvestmentsquantQ1 2026$82.9M587.8KAdded
Renaissance TechnologiesquantQ1 2026$67.2M476.5KReduced
Millennium ManagementquantQ1 2026$50.2M355.7KReduced
Bridgewater AssociatesQ1 2026$45.2M320.3KReduced

No longer held by: Maverick Capital (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
3
$6.4M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-26
filed 2026-05-27
Kahn ToddCEO and Brand President, CoachSell19.6K$140.02$2.7M
2026-05-13
filed 2026-05-14
Crevoiserat Joanne C.Chief Executive OfficerSell14.7K$132.88$2.0M
2026-05-13
filed 2026-05-14
Crevoiserat Joanne C.Chief Executive OfficerSell13.0K$132.90$1.7M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
17.1M
settled 2026-07-15
Change vs prior
+3.1%
vs previous settlement
Days to cover
7.41
at avg daily volume
Avg daily volume
2.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1517.1M+3.1%7.41
2026-06-3016.6M-5.9%4.97
2026-06-1517.6M+13.3%6.50
2026-05-2915.6M-0.6%6.77
2026-05-1515.7M+15.9%4.95
2026-04-3013.5M+8.1%7.83
2026-04-1512.5M+5.8%8.28
2026-03-3111.8M-1.4%6.25

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$7.01B$6.67B$6.66B$6.68B$5.75B
Gross profit$5.29B$4.89B$4.71B$4.65B$4.08B
Operating income$415.0M$1.14B$1.17B$1.18B$968.0M
Net income$183.2M$816.0M$936.0M$856.3M$834.2M
Diluted EPS$0.82$3.50$3.88$3.17$2.95

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.22B$1.26B$975.2M$853.2M$1.32B
Capital expenditure$122.7M$108.9M$184.2M$93.9M$116.0M
Free cash flow$1.09B$1.15B$791.0M$759.3M$1.21B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$1.92B21.2%$343.8M$1.65
Q2 FY2026$2.50B14.0%$561.3M$2.68
Q1 FY2026$1.70B13.1%$274.8M$1.28
Q4 FY2025$1.72B8.3%$-517.1M$-2.40
Q3 FY2025$1.58B6.9%$203.3M$0.95
Q2 FY2025$2.20B5.3%$310.4M$1.38
Q1 FY2025$1.51B-0.4%$186.6M$0.79
Q4 FY2024$1.59B-1.8%$159.3M$0.68

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryLeather & Leather Products
Fiscal year endJune 27
Latest fiscal periodFY2025
SEC filings since2014
SEC CIK1116132

Recent SEC filings

10-K2025-08-14
View on EDGAR →
10-K2024-08-15
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2026-02-05
View on EDGAR →
10-Q2025-11-06
View on EDGAR →
10-Q2025-05-08
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-04-06
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.