Tapestry profit margin TPR
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 19.1%
- Operating margin, 12 months
- 23.9%
- Net margin on a year earlier
- +16.5 pts
- Peer median
- 6.0%
Over the twelve months to Jun 27, 2026, Tapestry kept 19.1% of its revenue as net profit, with an operating margin of 23.9% and a gross margin of 77.8%.
Five years earlier its net margin was 14.5%.
The median for 10 consumer cyclical stocks of a similar size is 6.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 19.1% | 23.9% | 77.8% |
| FY2025 | 2.6% | 5.9% | 75.4% |
| FY2024 | 12.2% | 17.1% | 73.3% |
| FY2023 | 14.1% | 17.6% | 70.8% |
| FY2022 | 12.8% | 17.6% | 69.6% |
| FY2021 | 14.5% | 16.8% | 71.0% |
| FY2020 | −13.1% | −11.1% | 65.3% |
| FY2019 | 10.7% | 13.6% | 67.3% |
| FY2018 | 6.8% | 11.4% | 65.5% |
| FY2017 | 13.2% | 17.5% | 68.6% |
| FY2016 | 10.3% | 14.5% | 67.9% |
| FY2015 | 9.6% | 14.7% | 69.4% |
| FY2014 | 16.3% | 23.3% | 68.6% |
| FY2013 | 20.4% | 30.0% | 72.9% |
| FY2012 | 21.8% | 31.7% | 72.8% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q4 FY26 | 19.1% | +16.5 pts | 23.9% | |
| Q3 FY26 | 8.4% | −4.1 pts | 11.3% | |
| Q2 FY26 | 7.0% | −4.8 pts | 9.5% | |
| Q1 FY26 | 3.8% | −8.4 pts | 6.8% | |
| Q4 FY25 | 2.6% | −9.6 pts | 5.9% | |
| Q3 FY25 | 12.5% | −0.7 pts | 17.9% | |
| Q2 FY25 | 11.7% | −2.1 pts | 17.5% | |
| Q1 FY25 | 12.1% | −1.9 pts | 17.1% | |
| Q4 FY24 | 12.2% | −1.8 pts | 17.1% | |
| Q3 FY24 | 13.1% | −0.4 pts | 17.6% | |
| Q2 FY24 | 13.8% | +1.1 pts | 17.8% | |
| Q1 FY24 | 14.0% | +1.7 pts | 17.6% |
Against its peers
Companies in Consumer Cyclical nearest Tapestry's size, closest first, today.
| Company | Profit margin |
|---|---|
| TPRTapestry | 19.1% |
| PKGPackaging Corporation of America | 7.3% |
| SWSmurfit Westrock | 1.6% |
| RLRalph Lauren | 11.8% |
| AMCRAmcor | 4.7% |
| PHMPulteGroup | 11.6% |
| LVSLas Vegas Sands | 12.6% |
| BBYBest Buy | 3.0% |
| DRIDarden Restaurants | 8.8% |
| CPNGCoupang | −2.2% |
| CASYCasey's General Stores | 4.1% |
| Peer median | 6.0% |
Where Tapestry ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Tapestry
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.