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V F (VFC) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Oct 28, 2026 · V F (VFC) Q2 FY27 earnings results →

Q2 FY27 Revenue down 4% year over year to $2.7B · 11¢ of every $1 of revenue kept as net profit · operating margin 13.7%

V F made $2.7B in Q2 FY27 (-4% Y/Y). Operating margin 13.7%, net earnings $285M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$2.7B
Year over year-4%
Operating margin13.7%
Net earnings$285M
Operating cash flow−$152M

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V F Q2 FY27 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
V F Q2 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.7B in Q2 FY27, down 4% year over year and up 61% from the previous quarter.

Operating profit was $0.37B, a 13.7% margin (up 2.5 points year over year). Total costs fell 7% while revenue fell 4%. Net earnings were $0.29B, up 50% year over year. The effective tax rate was 17.8%.

Operating cash flow was −$0.15B. Non-cash charges added back $0.06B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.51B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.19B.

Quarterly history

V F revenue by quarterV F revenue by quarter$2.1BQ4 FY25$1.8BQ1 FY26$2.8BQ2 FY26$2.9BQ3 FY26$2.2BQ4 FY26$1.7BQ1 FY27$2.7BQ2 FY27
V F net earnings by quarterV F net earnings by quarter−$151MQ4 FY25−$116MQ1 FY26$190MQ2 FY26$301MQ3 FY26−$119MQ4 FY26−$97.2MQ1 FY27$285MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QOct 28, 2026$2.7B-4%13.7%$285M−$152M
Q1 FY2710-QJul 29, 2026$1.7B-5%-5.0%−$97.2M−$62.5M
Q4 FY2610-KMay 20, 2026$2.2B+1%2.8%−$119M$33.3M
Q3 FY2610-QJan 28, 2026$2.9B+2%10.1%$301M$1.0B
Q2 FY2610-QOct 28, 2025$2.8B+2%11.2%$190M−$227M
Q1 FY2610-QJul 30, 2025$1.8B-0.5%-4.9%−$116M−$145M
Q4 FY2510-KMay 22, 2025$2.1B-5%-3.4%−$151M−$171M

Charts

V F: revenue growth, year over year and quarter over quarterV F: revenue growth, year over year and quarter over quarterY/YQ/Q-5%Q4 FY250%-18%Q1 FY26+2%+59%Q2 FY26+2%+3%Q3 FY26+1%-25%Q4 FY26-5%-23%Q1 FY27-4%+61%Q2 FY27
Latest (Q2 FY27): Y/Y -4%, Q/Q +61%.
V F: where the cash came from (+) and went (−), TTM to Q2 FY27V F: where the cash came from (+) and went (−), TTM to Q2 FY27Net borrowing (+) / repaid (−)−$1.1BOperating cash flow$830MOther investing$509MDividends−$141MCapital spending−$139MAsset & business sales$22.6MCash drawn (+) / kept (−)−$17.0MExchange rates−$10.2MOther financing−$4.2M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
V F: profit against cash, quarter by quarterV F: profit against cash, quarter by quarterNet incomeOperating cash flow$168M$918MQ3 FY25−$151M−$171MQ4 FY25−$116M−$145MQ1 FY26$190M−$227MQ2 FY26$301M$1.0BQ3 FY26−$119M$33.3MQ4 FY26−$97.2M−$62.5MQ1 FY27$285M−$152MQ2 FY27
Latest (Q2 FY27): Net income $285M, Operating cash flow −$152M.
V F: diluted shares by fiscal yearV F: diluted shares by fiscal year392MFY21392MFY22388MFY23388MFY24393MFY25396MFY26
+1.0% since FY21: more shares outstanding (issuance, stock pay).
V F: long-term debt falling due (FY26)V F: long-term debt falling due (FY26)$1.1B2028$576M2029$750M2031$1.1BLater
Cash $824M, short-term investments —, long-term debt $3.5B at 2026-03-28.
V F in its industry: growth against margin (7 companies, SIC 2320)V F in its industry: growth against margin (7 companies, SIC 2320)revenue growth, year over year →↑ operating marginmedian +3%median 14%CTASRLPVHKTBOXMLSEBVFC (-4%, 14%)
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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V F against its Men's & Boys' Furnishgs, Work Clothg, & Allied Garments peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -4% against the peers' median +3%. Operating margin: 13.7% against the peers' median 13.7%.

CompanyQuarterRevenueY/YOp. margin
VFC V FQ2 FY27$2.7B-4%13.7%
CTAS CintasQ1 FY27$3.0B+11%23.6%
RL Ralph LaurenQ2 FY27$2.2B+9%16.6%
PVH PVHQ2 FY27$2.1B-3%-9.1%
KTB Kontoor BrandsQ3 2026$685M+3%11.2%
OXM Oxford IndustriesQ2 FY27$394M-2%17.4%
LSEB Lseb CreativeQ1 FY27$5K+269%-404.4%

Source: V F 10-Q on SEC EDGAR · CIK 103379 · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

Guidance and outlook

V F: what its forward-looking statements are about (10-Q filed 2026-07-29)V F: what its forward-looking statements are about (10-Q filed 2026-07-29)Costs1
1 statements; tone -1.00 (−1 all cautious, +1 all confident); 1 hedged.
V F: outlook statements against the filing beforeV F: outlook statements against the filing beforeCautious1

13F: who owns VFC and who is buying

Largest holders of VFC (13F)Largest holders of VFC (13F)Vanguard Group$667MBlackRock$511MM&G$439MDodge & COX$374MNorthern Trust$330MVanguard Portfolio Management LLC$306MVanguard Capital Management LLC$282MAQR Capital Management LLC$201MState Street$188MFMR LLC$178M
Funds' net buying of VFC by quarter (13F)Funds' net buying of VFC by quarter (13F)$225M2024-09−$12.1M2024-12−$125M2025-03−$17.0M2025-06−$184M2025-09−$21.8M2025-12$69.2M2026-03$96.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on VFC

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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中文版：V F（VFC）财报

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