Filing Flows › Ralph Lauren (RL) › Q1 FY26
Ralph Lauren (RL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 7, 2025
Ralph Lauren (RL) reported revenue of $1.7B for the first quarter fiscal 2026 (Q1 FY26), +14% from a year earlier and +1% from the quarter before. Operating margin was 15.9%, net earnings $220M (12.8% of revenue).
Ralph Lauren, Q1 FY26: revenue $1.7B (+14% year over year), operating margin 15.9%, net earnings $220M, operating cash flow $176M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +1% | +14% |
| Gross profit | $1.2B | +7% | +17% |
| Operating profit | $274M | +77% | +31% |
| Net earnings | $220M | +71% | +31% |
| Operating cash flow | $176M | +44% | -36% |
What changed
Revenue was $1.7B in Q1 FY26, up 14% year over year and up 1% from the previous quarter. North America segment was the largest line at 38% of revenue. Asia segment added $0.08B year over year (up 21%), 40% of the total change.
Gross margin was 72.3%, up 1.8 points from a year earlier. Operating profit was $0.27B, a 15.9% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 14% margin then. Operating expenses grew 13% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+161%). Net earnings were $0.22B, up 31% year over year. The effective tax rate was 20.7%.
Operating cash flow was $0.18B (down 36% year over year), 80% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.19B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Ralph Lauren's revenue in the first quarter fiscal 2026?
Ralph Lauren (RL) reported revenue of $1.7B for the first quarter fiscal 2026 (Q1 FY26), +14% from a year earlier and +1% from the quarter before.
Was Ralph Lauren profitable in the first quarter fiscal 2026?
Operating profit was $274M (15.9% of revenue) and net earnings $220M.
Source: Ralph Lauren 10-Q on SEC EDGAR.