Filing Flows › Capri Holdings (CPRI) › Q3 FY26
Capri Holdings (CPRI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 3, 2026
Capri Holdings (CPRI) reported revenue of $1.0B for the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier and +20% from the quarter before. Operating margin was 4.5%, net earnings $116M (11.3% of revenue).
Capri Holdings, Q3 FY26: revenue $1.0B (-4% year over year), operating margin 4.5%, net earnings $116M, operating cash flow $202M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +20% | -4% |
| Gross profit | $623M | +19% | -8% |
| Operating profit | $46.0M | — | +77% |
| Net earnings | $116M | — | — |
| Operating cash flow | $202M | — | -35% |
| Free cash flow | $183M | — | -36% |
What changed
Revenue was $1.0B in Q3 FY26, down 4% year over year and up 20% from the previous quarter. Michael Kors was the largest line at 84% of revenue. Michael Kors lost $0.05B year over year (down 6%), 119% of the total change.
Gross margin was 60.8%, down 2.3 points from a year earlier. Operating profit was $0.05B, a 4.5% margin (up 2.1 points year over year). Operating expenses fell 11% while revenue fell 4%. Net earnings were $0.12B. The effective tax rate was -1.8%. Non-operating items added $0.07B, 60% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.20B (down 35% year over year), 174% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.02B left free cash flow of $0.18B.
Questions
What was Capri Holdings' revenue in the third quarter fiscal 2026?
Capri Holdings (CPRI) reported revenue of $1.0B for the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier and +20% from the quarter before.
Was Capri Holdings profitable in the third quarter fiscal 2026?
Operating profit was $46.0M (4.5% of revenue) and net earnings $116M.
Source: Capri Holdings 10-Q on SEC EDGAR.