Filing Flows › Ralph Lauren (RL) › Q2 FY26
Ralph Lauren (RL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 6, 2025
Ralph Lauren (RL) reported revenue of $2.0B for the second quarter fiscal 2026 (Q2 FY26), +16% from a year earlier and +17% from the quarter before. Operating margin was 12.2%, net earnings $208M (10.3% of revenue).
Ralph Lauren, Q2 FY26: revenue $2.0B (+16% year over year), operating margin 12.2%, net earnings $208M, operating cash flow $53.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +17% | +16% |
| Gross profit | $1.4B | +10% | +18% |
| Operating profit | $246M | -10% | +37% |
| Net earnings | $208M | -6% | +40% |
| Operating cash flow | $53.2M | -70% | -45% |
What changed
Revenue was $2.0B in Q2 FY26, up 16% year over year and up 17% from the previous quarter. North America segment was the largest line at 41% of revenue. Europe segment added $0.12B year over year (up 22%), 43% of the total change.
Gross margin was 68.0%, up 1.0 points from a year earlier. Operating profit was $0.25B, a 12.2% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 10% margin then. Operating expenses grew 15% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+103%). Net earnings were $0.21B, up 40% year over year. The effective tax rate was 14.5%.
Operating cash flow was $0.05B (down 45% year over year), 26% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $0.09B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Ralph Lauren's revenue in the second quarter fiscal 2026?
Ralph Lauren (RL) reported revenue of $2.0B for the second quarter fiscal 2026 (Q2 FY26), +16% from a year earlier and +17% from the quarter before.
Was Ralph Lauren profitable in the second quarter fiscal 2026?
Operating profit was $246M (12.2% of revenue) and net earnings $208M.
Source: Ralph Lauren 10-Q on SEC EDGAR.