Filing Flows › Tapestry (TPR) › Q2 FY26
Tapestry (TPR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
Tapestry (TPR) reported revenue of $2.5B for the second quarter fiscal 2026 (Q2 FY26), +14% from a year earlier and +47% from the quarter before. Operating margin was 28.6%, net earnings $561M (22.4% of revenue).
Tapestry, Q2 FY26: revenue $2.5B (+14% year over year), operating margin 28.6%, net earnings $561M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +47% | +14% |
| Gross profit | $1.9B | +45% | +16% |
| Operating profit | $716M | +118% | +45% |
| Net earnings | $561M | +104% | +81% |
| Operating cash flow | $1.1B | +856% | +114% |
| Free cash flow | $1.0B | 13× | +118% |
What changed
Revenue was $2.5B in Q2 FY26, up 14% year over year and up 47% from the previous quarter. Coach was the largest line at 86% of revenue. Coach added $0.43B year over year (up 25%), 141% of the total change. Kate Spade declined 14%.
Gross margin was 75.5%, up 1.1 points from a year earlier. Operating profit was $0.72B, a 28.6% margin (up 6.2 points year over year). Of the extra revenue versus a year earlier, 73% reached operating profit, above the 22% margin then. Operating expenses grew 3% against revenue growth of 14%. Net earnings were $0.56B, up 81% year over year. The effective tax rate was 19.5%.
Operating cash flow was $1.1B (up 114% year over year), 193% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.45B. Capital expenditures of $0.04B left free cash flow of $1.0B.
Questions
What was Tapestry's revenue in the second quarter fiscal 2026?
Tapestry (TPR) reported revenue of $2.5B for the second quarter fiscal 2026 (Q2 FY26), +14% from a year earlier and +47% from the quarter before.
Was Tapestry profitable in the second quarter fiscal 2026?
Operating profit was $716M (28.6% of revenue) and net earnings $561M.
Source: Tapestry 10-Q on SEC EDGAR.