Filing Flows › Ralph Lauren (RL) › Q3 FY26
Ralph Lauren (RL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 5, 2026
Ralph Lauren (RL) reported revenue of $2.4B for the third quarter fiscal 2026 (Q3 FY26), +12% from a year earlier and +20% from the quarter before. Operating margin was 19.6%, net earnings $362M (15.0% of revenue).
Ralph Lauren, Q3 FY26: revenue $2.4B (+12% year over year), operating margin 19.6%, net earnings $362M, operating cash flow $780M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +20% | +12% |
| Gross profit | $1.7B | +23% | +15% |
| Operating profit | $471M | +92% | +21% |
| Net earnings | $362M | +74% | +22% |
| Operating cash flow | $780M | 15× | +6% |
| Free cash flow | $704M | — | +4% |
What changed
Revenue was $2.4B in Q3 FY26, up 12% year over year and up 20% from the previous quarter. North America segment was the largest line at 45% of revenue. Asia segment added $0.11B year over year (up 22%), 43% of the total change. Other Non-Reportable Segment-Related declined 11%.
Gross margin was 69.9%, up 1.5 points from a year earlier. Operating profit was $0.47B, a 19.6% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 18% margin then. Operating expenses grew 12% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+161%). Net earnings were $0.36B, up 22% year over year. The effective tax rate was 22.0%.
Operating cash flow was $0.78B (up 6% year over year), 216% 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 added $0.33B. Capital expenditures of $0.08B left free cash flow of $0.70B.
Questions
What was Ralph Lauren's revenue in the third quarter fiscal 2026?
Ralph Lauren (RL) reported revenue of $2.4B for the third quarter fiscal 2026 (Q3 FY26), +12% from a year earlier and +20% from the quarter before.
Was Ralph Lauren profitable in the third quarter fiscal 2026?
Operating profit was $471M (19.6% of revenue) and net earnings $362M.
Source: Ralph Lauren 10-Q on SEC EDGAR.