Tapestry, Inc.
Consumer CyclicalNYSE:TPR · New York Stock Exchange
+$3.34 today
Vol 0.81M · Avg 2.19M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$7.9B of revenue converted into $662.8M of net income for the selected period. Gross margin is 76.2% and net margin is 6.6%, showing how much revenue survives after costs and taxes. EPS is $3.12, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0B +5.1% | $6.7B +0.2% | $6.7B -0.4% | $6.7B +16.3% | $5.7B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.7B -3.4% | $1.8B -8.4% | $1.9B -4.3% | $2.0B +22.2% | $1.7B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $5.3B +8.2% | $4.9B +3.7% | $4.7B +1.4% | $4.7B +13.9% | $4.1B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 75.4% +2.1pp | 73.3% +2.5pp | 70.8% +1.2pp | 69.6% -1.5pp | 71.0% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $4.0B +7.2% | $3.7B +5.8% | $3.5B +2.0% | $3.5B +11.6% | $3.1B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $4.9B +30.0% | $3.7B +5.8% | $3.5B +2.0% | $3.5B +11.6% | $3.1B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $224.9M -1.8% | $229.0M +2.1% | $224.2M +8.8% | $206.0M -5.8% | $218.7M | $374.2M | $1.2B | $631.8M |
| EBITDA | $526.4M -61.5% | $1.4B -2.1% | $1.4B +6.3% | $1.3B +10.5% | $1.2B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 7.5% -13.0pp | 20.5% -0.5pp | 20.9% +1.3pp | 19.6% -1.0pp | 20.7% | 5.6% | 46.3% | 42.0% |
| Operating Income | $415.0M -63.6% | $1.1B -2.8% | $1.2B -0.3% | $1.2B +21.5% | $968.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 5.9% -11.2pp | 17.1% -0.5pp | 17.6% +0.0pp | 17.6% +0.7pp | 16.8% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $85.4M -31.7% | $125.0M +352.9% | $27.6M -53.0% | $58.7M -17.8% | $71.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$198.9M -55.1% | -$128.2M -337.5% | -$29.3M +77.3% | -$128.8M -82.2% | -$70.7M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $216.1M -78.6% | $1.0B -11.5% | $1.1B +9.2% | $1.0B +16.7% | $897.3M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 3.1% -12.1pp | 15.2% -2.0pp | 17.2% +1.5pp | 15.7% +0.0pp | 15.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $32.9M -83.2% | $195.9M -5.4% | $207.1M +8.6% | $190.7M +202.2% | $63.1M | $1.3B | -$1.6B | $745.2M |
| Net Income | $183.2M -77.5% | $816.0M -12.8% | $936.0M +9.3% | $856.3M +2.6% | $834.2M | $4.9B | $4.8B | $4.7B |
| Net Margin | 2.6% -9.6pp | 12.2% -1.8pp | 14.1% +1.2pp | 12.8% -1.7pp | 14.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -76.1% | $4 -10.1% | $4 +22.2% | $3 +8.0% | $3 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -76.6% | $4 -9.8% | $4 +22.4% | $3 +7.5% | $3 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $216.8M -5.4% | $229.2M -3.0% | $236.4M -10.6% | $264.3M -4.9% | $277.9M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $222.5M -4.6% | $233.2M -3.4% | $241.3M -10.7% | $270.1M -4.6% | $283.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Geely Automobile Holdings Limited
GELHY
$28.03B
Williams-Sonoma, Inc.
NYSE:WSM
$26.30B
Restaurant Brands International Inc.
NYSE:QSR
$25.98B
Ralph Lauren Corporation
NYSE:RL
$24.65B
Darden Restaurants, Inc.
NYSE:DRI
$24.35B
PulteGroup, Inc.
NYSE:PHM
$23.59B
Ulta Beauty, Inc.
NASDAQ:ULTA
$20.09B
NVR, Inc.
NYSE:NVR
$17.32B
Li Auto Inc.
NASDAQ:LI
$14.49B
XPeng Inc.
NYSE:XPEV
$13.82B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does TPR generate?
Tapestry, Inc. (TPR) reported $7.01B of revenue in fiscal 2025.
Is TPR profitable?
Tapestry, Inc. (TPR) reported $183.20M of net income, with a net margin of 2.6%.
Explore More
Continue the stock analysis
Jump to another research area for this company.