Tapestry Inc. (TPR) financial statements: income statement, balance sheet and cash flow
Tapestry Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 27, 2026 · FY), Tapestry Inc. reported revenue of $8.0B (+14.2% year on year) and net income of $1.5B (+733.9% year on year).
Income statement
Tapestry Inc. income statement, fiscal years
Line item
Jun 27, 2026 · FY
Jun 28, 2025 · FY
Jun 29, 2024 · FY
Jul 1, 2023 · FY
Net sales
$8.0B
$7.0B
$6.7B
$6.7B
Cost of sales
$1.8B
$1.7B
$1.8B
$1.9B
Gross profit
$6.2B
$5.3B
$4.9B
$4.7B
Other selling, general and administrative expenses
$4.3B
$4.0B
$3.7B
$3.5B
Impairment of goodwill and intangible assets
$0
$854.8M
—
—
Operating income (loss)
$1.9B
$415.0M
$1.1B
$1.2B
Loss on extinguishment of debt
$0
$120.1M
$0
$0
Interest expense, net
$55.2M
$85.4M
$125.0M
$27.6M
Other expense (income)
($1.4M)
($6.6M)
$3.2M
$1.7M
Income (loss) before provision for income taxes
$1.9B
$216.1M
$1.0B
$1.1B
Provision (benefit) for income taxes
$332.9M
$32.9M
$195.9M
$207.1M
Net income (loss)
$1.5B
$183.2M
$816.0M
$936.0M
Basic (USD per share)
$7.49
$0.84
$3.56
$3.96
Diluted (USD per share)
$7.27
$0.82
$3.50
$3.88
Basic (shares)
204.0M
216.8M
229.2M
236.4M
Diluted (shares)
210.2M
222.5M
233.2M
241.3M
Tapestry Inc. income statement, quarters
Line item
Mar 28, 2026 · Q3
Dec 27, 2025 · Q2
Sep 27, 2025 · Q1
Mar 29, 2025 · Q3
Net sales
$1.9B
$2.5B
$1.7B
$1.6B
Cost of sales
$444.1M
$614.0M
$404.1M
$378.8M
Gross profit
$1.5B
$1.9B
$1.3B
$1.2B
Selling, general and administrative expenses
$1.0B
$1.2B
$972.3M
$952.1M
Operating income (loss)
$427.5M
$716.4M
$328.2M
$253.7M
Loss on extinguishment of debt
$0
$0
—
$0
Interest expense, net
$13.1M
$17.4M
$12.8M
$15.4M
Other expense (income)
($1.6M)
$1.9M
($3.3M)
($800.0K)
Income (loss) before provision for income taxes
$416.0M
$697.1M
$318.7M
$239.1M
Provision (benefit) for income taxes
$72.2M
$135.8M
$43.9M
$35.8M
Net income (loss)
$343.8M
$561.3M
$274.8M
$203.3M
Basic (USD per share)
$1.70
$2.75
$1.32
$0.98
Diluted (USD per share)
$1.65
$2.68
$1.28
$0.95
Basic (shares)
202.5M
204.1M
207.6M
207.3M
Diluted (shares)
208.3M
209.8M
215.5M
213.9M
Balance sheet
Tapestry Inc. balance sheet, fiscal years
Line item
Jun 27, 2026 · FY
Jun 28, 2025 · FY
Jun 29, 2024 · FY
Jul 1, 2023 · FY
Cash and cash equivalents
$974.7M
$1.1B
$6.1B
$726.1M
Short-term investments
$177.3M
$19.6M
$1.1B
$15.4M
Trade accounts receivable, less allowances for credit losses of $6.1 and $5.7, respectively
$237.1M
$239.3M
$228.2M
$211.5M
Inventories
$826.2M
$860.7M
$824.8M
$919.5M
Income tax receivable
$269.3M
$277.3M
$236.2M
$231.1M
Prepaid expenses
$155.2M
$133.8M
$170.9M
$126.3M
Other current assets
$242.5M
$98.5M
$139.8M
$133.6M
Assets held for sale
$0
$176.4M
—
—
Total current assets
$2.9B
$2.9B
$8.8B
$2.4B
Property and equipment, net of accumulated depreciation of $1,264.2 and $1,215.0, respectively
$502.1M
$489.5M
$514.7M
$564.5M
Operating lease right-of-use assets
$1.4B
$1.3B
$1.3B
$1.4B
Goodwill
$957.7M
$983.3M
$1.2B
$1.2B
Intangible assets
$716.5M
$719.6M
$1.4B
$1.4B
Deferred income taxes
$35.7M
$33.8M
$44.1M
$40.4M
Other assets
$180.2M
$117.7M
$161.7M
$182.1M
Total assets
$6.7B
$6.6B
$13.4B
$7.1B
Accounts payable
$582.3M
$456.1M
$452.2M
$416.9M
Accrued liabilities
$754.9M
$736.9M
$656.3M
$547.1M
Current portion of operating lease liabilities
$307.8M
$299.0M
$299.7M
$297.5M
Current debt
$0
$16.7M
$303.4M
$25.0M
Liabilities held for sale
$0
$48.2M
—
—
Total current liabilities
$1.6B
$1.6B
$1.7B
$1.3B
Long-term debt
$2.4B
$2.4B
$6.9B
$1.6B
Long-term operating lease liabilities
$1.3B
$1.2B
$1.2B
$1.3B
Deferred income taxes
$172.8M
$79.8M
$251.3M
$240.0M
Other liabilities
$536.6M
$502.5M
$375.1M
$299.5M
Total liabilities
$6.0B
$5.7B
$10.5B
$4.8B
Preferred stock: (authorized 25.0 million shares; $0.01 par value) none issued
0
0
0
0
Common stock: (authorized 1.00 billion shares; $0.01 par value) issued and outstanding – 200.4 million and 208.1 million shares, respectively
2.0M
2.1M
2.3M
2.3M
Additional paid-in-capital
$4.1B
$3.7B
$3.8B
$3.7B
Retained earnings (accumulated deficit)
($3.2B)
($2.6B)
($722.2M)
($1.2B)
Accumulated other comprehensive income (loss)
($218.6M)
($261.2M)
($145.9M)
($189.9M)
Total stockholders’ equity
$692.1M
$857.8M
$2.9B
$2.3B
Total liabilities and stockholders’ equity
$6.7B
$6.6B
$13.4B
$7.1B
Tapestry Inc. balance sheet, quarters
Line item
Mar 28, 2026
Dec 27, 2025
Sep 27, 2025
Mar 29, 2025
Cash and cash equivalents
$1.0B
$1.1B
$719.5M
$1.0B
Short-term investments
$22.1M
$24.4M
$23.7M
$19.3M
Trade accounts receivable, less allowances for credit losses of $6.2 and $5.7, respectively
$305.0M
$338.0M
$289.5M
$255.8M
Inventories
$843.9M
$896.4M
$1.0B
$873.5M
Income tax receivable
$260.9M
$231.5M
$321.2M
$276.4M
Prepaid expenses
$135.2M
$139.4M
$142.9M
$132.9M
Other current assets
$103.7M
$107.8M
$105.3M
$92.1M
Assets held for sale
$0
$0
$0
$173.7M
Total current assets
$2.7B
$2.8B
$2.6B
$2.9B
Property and equipment, net of accumulated depreciation of $1,285.4 and $1,215.0, respectively
$492.7M
$492.0M
$487.5M
$485.2M
Operating lease right-of-use assets
$1.4B
$1.4B
$1.4B
$1.2B
Goodwill
$960.4M
$966.7M
$975.4M
$1.2B
Intangible assets
$717.2M
$718.0M
$718.8M
$1.3B
Deferred income taxes
$31.8M
$33.8M
$33.1M
$43.3M
Other assets
$162.5M
$146.8M
$132.9M
$137.6M
Total assets
$6.5B
$6.5B
$6.4B
$7.3B
Accounts payable
$499.7M
$564.6M
$495.5M
$393.3M
Accrued liabilities
$666.0M
$821.0M
$657.9M
$584.4M
Current portion of operating lease liabilities
$310.3M
$313.9M
$308.6M
$280.6M
Current debt
$0
$17.1M
$256.8M
$319.9M
Liabilities held for sale
$0
$0
$0
$49.7M
Total current liabilities
$1.5B
$1.7B
$1.7B
$1.6B
Long-term debt
$2.4B
$2.4B
$2.4B
$2.4B
Long-term operating lease liabilities
$1.2B
$1.2B
$1.3B
$1.1B
Deferred income taxes
$204.9M
$198.3M
$151.2M
$286.2M
Other liabilities
$490.5M
$452.2M
$459.9M
$391.1M
Total liabilities
$5.8B
$6.0B
$6.0B
$5.8B
Preferred stock: (authorized 25.0 million shares; $0.01 par value per share) none issued
$0.00
$0.00
$0.00
$0.00
Common stock: (authorized 1.00 billion shares; $0.01 par value per share) issued and outstanding - 202.3 million and 208.1 million shares, respectively
$2000000.00
$2000000.00
$2100000.00
$2100000.00
Additional paid-in-capital
$4.1B
$4.0B
$4.0B
$3.6B
Retained earnings (accumulated deficit)
($3.2B)
($3.3B)
($3.4B)
($1.9B)
Accumulated other comprehensive income (loss)
($230.3M)
($201.6M)
($228.1M)
($180.2M)
Total stockholders' equity
$682.4M
$551.2M
$399.5M
$1.5B
Total liabilities and stockholders' equity
$6.5B
$6.5B
$6.4B
$7.3B
Cash flow statement
Tapestry Inc. cash flow statement, fiscal years
Line item
Jun 27, 2026 · FY
Jun 28, 2025 · FY
Jun 29, 2024 · FY
Jul 1, 2023 · FY
Net income (loss)
$1.5B
$183.2M
$816.0M
$936.0M
Depreciation and amortization
$160.8M
$162.9M
$174.0M
$182.2M
Amortization of cloud computing arrangements
$56.4M
$62.0M
$55.0M
—
Impairment charges
$0
$854.8M
—
$0
Provision for bad debt
$6.1M
$3.6M
$4.3M
$5.7M
Loss on extinguishment of debt
$0
$120.1M
$0
$0
Share-based compensation
$104.5M
$87.3M
$85.9M
$78.8M
Deferred income taxes
$50.8M
($139.8M)
$2.5M
$41.2M
Changes to lease related balances, net
($19.3M)
($35.0M)
($42.6M)
($36.0M)
Other non-cash charges, net
($27.7M)
($43.2M)
($7.4M)
($15.8M)
Trade accounts receivable
($12.0M)
$8.8M
($37.3M)
$44.1M
Inventories
$35.4M
($108.2M)
$85.8M
$49.9M
Accounts payable
$131.6M
($15.0M)
$49.1M
($98.1M)
Accrued liabilities
$29.9M
$56.0M
$91.6M
($93.0M)
Other liabilities
$75.8M
$3.9M
($21.2M)
($61.1M)
Other assets
($141.5M)
$15.2M
($100.0K)
($58.7M)
Net cash provided by (used in) operating activities
$2.0B
$1.2B
$1.3B
$975.2M
Purchases of investments
($163.0M)
($1.9B)
($2.7B)
($6.7M)
Proceeds from maturities and sales of investments
$1.6M
$2.9B
$1.7B
$154.7M
Purchases of property and equipment
($166.0M)
($122.7M)
($108.9M)
($184.2M)
Proceeds from sale of business, net of cash divested
$109.1M
—
—
—
Settlement of net investment hedge
$0
$0
$103.7M
$41.9M
Net cash provided by (used in) investing activities
($218.3M)
$914.0M
($1.0B)
$5.7M
Payment of dividends
($326.1M)
($299.3M)
($321.4M)
($283.3M)
Repurchase of common stock
($1.6B)
($1.7B)
$0
($703.5M)
Share repurchase not yet settled
$0
($300.0M)
—
—
Proceeds from issuance of debt, net of discount
$0
$2.2B
$6.1B
$0
Payment of debt issuance costs
($500.0K)
($13.4M)
($78.3M)
$0
Payment of debt extinguishment costs
$0
($63.5M)
$0
$0
Repayment of debt
$0
($7.2B)
($468.8M)
($31.2M)
Proceeds from share-based awards
118.9M
156.1M
27.3M
38.8M
Taxes paid to net settle share-based awards
($81.6M)
($36.5M)
($32.7M)
($55.6M)
Proceeds from revolving credit facility
$0
$1.0B
—
—
Repayment of revolving credit facility
($17.0M)
($1.0B)
—
$0
Other financing activities
$0
($1.2M)
($1.2M)
($1.1M)
Net cash provided by (used in) financing activities
($1.9B)
($7.2B)
$5.2B
($1.0B)
Effect of exchange rate changes on cash and cash equivalents
($24.6M)
$26.3M
($12.2M)
($8.7M)
Net increase (decrease) in cash and cash equivalents, including cash classified within assets held for sale
($125.3M)
($5.0B)
—
—
Less: net increase (decrease) in cash classified within current assets held for sale
$0
($23.7M)
—
—
Net increase (decrease) in cash and cash equivalents
($125.3M)
($5.0B)
$5.4B
($63.7M)
Cash and cash equivalents at beginning of year
$1.1B
$6.1B
$726.1M
$789.8M
Cash and cash equivalents at end of year
$974.7M
$1.1B
$6.1B
$726.1M
Cash paid for income taxes, net
$200.7M
$189.5M
$200.1M
$231.9M
Cash paid for interest
$241.6M
$394.9M
$262.8M
$82.6M
Non-cash investing activity – property and equipment obligations
$35.2M
$25.7M
$15.1M
$11.0M
Tapestry Inc. cash flow statement, quarters
Line item
Mar 28, 2026 · YTD
Dec 27, 2025 · YTD
Sep 27, 2025 · Q1
Mar 29, 2025 · YTD
Net income (loss)
$1.2B
$836.1M
$274.8M
$700.3M
Depreciation and amortization
$115.6M
$76.2M
$37.2M
$119.8M
Amortization of cloud computing arrangements
$43.0M
$28.5M
$14.4M
$43.6M
Provision for bad debt
$5.1M
$4.3M
$900.0K
$3.0M
Loss on extinguishment of debt
$0
$0
—
$120.1M
Share-based compensation
$79.0M
$51.4M
$22.4M
$65.1M
Deferred income taxes
$109.2M
$98.8M
$58.5M
$41.7M
Changes to lease related balances, net
($15.0M)
($11.8M)
($6.4M)
($26.8M)
Other non-cash charges, net
($18.3M)
($6.6M)
$2.7M
($34.4M)
Trade accounts receivable
($81.8M)
($100.7M)
($46.2M)
($43.8M)
Inventories
$16.3M
($36.1M)
($160.6M)
($132.7M)
Accounts payable
$52.5M
$109.4M
$33.8M
($45.6M)
Accrued liabilities
($69.9M)
$63.5M
($71.1M)
($68.9M)
Other liabilities
$19.8M
$34.8M
$6.2M
$5.8M
Other assets
$20.9M
$45.9M
($54.0M)
$22.6M
Net cash provided by (used in) operating activities
$1.5B
$1.2B
$112.6M
$769.8M
Purchases of investments
($9.3M)
($8.7M)
($8.4M)
($1.9B)
Proceeds from maturities and sales of investments
$2.6M
$1.0M
$500.0K
$2.9B
Purchases of property and equipment
($112.8M)
($76.0M)
($32.4M)
($87.4M)
Proceeds from sale of business, net of cash divested
$109.1M
$109.6M
$109.6M
—
Net cash provided by (used in) investing activities
($10.4M)
$25.9M
$69.3M
$948.2M
Payment of dividends
($245.6M)
($164.6M)
($83.3M)
($226.5M)
Repurchase of common stock
($1.3B)
($1.1B)
($698.2M)
($1.7B)
Share repurchase not yet settled
$0
$0
—
($350.0M)
Proceeds from issuance of debt, net of discount
$0
$0
—
$2.2B
Payment of debt issuance costs
($500.0K)
($500.0K)
($500.0K)
($13.4M)
Payment of debt extinguishment costs
$0
$0
—
($63.5M)
Repayment of debt
$0
$0
—
($6.9B)
Proceeds from share-based awards
110.9M
91.1M
69.9M
142.3M
Taxes paid to net settle share-based awards
($81.2M)
($80.8M)
($78.7M)
($35.7M)
Proceeds from revolving credit facility
$0
$0
—
$1.0B
Repayment of revolving credit facility
($17.0M)
$0
—
($1.0B)
Payments of finance lease liabilities
$0
$0
$0
($1.0M)
Net cash provided by (used in) financing activities
($1.5B)
($1.3B)
($550.8M)
($6.8B)
Effect of exchange rate changes on cash and cash equivalents
($14.1M)
($9.8M)
($11.6M)
$15.4M
Net increase (decrease) in cash and cash equivalents, including cash classified within assets held for sale
($53.5M)
—
—
—
Less: net increase (decrease) in cash classified within current assets held for sale
$0
—
—
($29.3M)
Net increase (decrease) in cash and cash equivalents
($53.5M)
($46.7M)
($380.5M)
($5.1B)
Cash and cash equivalents at beginning of period
$1.1B
$1.1B
$1.1B
$6.1B
Cash and cash equivalents at end of period
$1.0B
$1.1B
$719.5M
$1.0B
Cash paid for income taxes, net
$153.9M
$51.4M
$35.0M
$151.2M
Cash paid for interest
$210.3M
$124.1M
$83.3M
$349.8M
Noncash investing activity - property and equipment obligations