Filing Flows › Tapestry (TPR) › Q3 FY26
Tapestry (TPR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 7, 2026
Tapestry (TPR) reported revenue of $1.9B for the third quarter fiscal 2026 (Q3 FY26), +21% from a year earlier and -23% from the quarter before. Operating margin was 22.3%, net earnings $344M (17.9% of revenue).
Tapestry, Q3 FY26: revenue $1.9B (+21% year over year), operating margin 22.3%, net earnings $344M, operating cash flow $263M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -23% | +21% |
| Gross profit | $1.5B | -22% | +22% |
| Operating profit | $428M | -40% | +69% |
| Net earnings | $344M | -39% | +69% |
| Operating cash flow | $263M | -76% | +82% |
| Free cash flow | $226M | -78% | +99% |
What changed
Revenue was $1.9B in Q3 FY26, up 21% year over year and down 23% from the previous quarter. Coach was the largest line at 89% of revenue. Coach added $0.41B year over year (up 32%), 121% of the total change. Kate Spade declined 10%.
Gross margin was 76.9%, up 0.8 points from Q3 FY25. Operating profit was $0.43B, a 22.3% margin (up 6.2 points year over year). Of the extra revenue versus Q3 FY25, 52% reached operating profit, above the 16% margin then. Operating expenses grew 10% against revenue growth of 21%. Net earnings were $0.34B, up 69% year over year. The effective tax rate was 17.4%.
Operating cash flow was $0.26B (up 82% year over year), 76% 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 used $0.15B. Capital expenditures of $0.04B left free cash flow of $0.23B.
Questions
What was Tapestry's revenue in the third quarter fiscal 2026?
Tapestry (TPR) reported revenue of $1.9B for the third quarter fiscal 2026 (Q3 FY26), +21% from a year earlier and -23% from the quarter before.
Was Tapestry profitable in the third quarter fiscal 2026?
Operating profit was $428M (22.3% of revenue) and net earnings $344M.
Source: Tapestry 10-Q on SEC EDGAR.