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V F (VFC) Q1 FY26 earnings results (first quarter fiscal 2026)

10-Q filed Jul 30, 2025

V F (VFC) reported revenue of $1.8B for the first quarter fiscal 2026 (Q1 FY26), -0.5% from a year earlier and -18% from the quarter before. Operating margin was -4.9%, net loss $116M (6.6% of revenue).

Revenue$1.8B
Year over year-0.5%
Quarter over quarter-18%
Operating margin-4.9%
Net earnings−$116M

V F, Q1 FY26: revenue $1.8B (-0.5% year over year), operating margin -4.9%, net loss $116M, operating cash flow −$145M. The chart follows the revenue to costs, profit and cash.

Q1 FY26AmountQ/QY/Y
Revenue$1.8B-18%-0.5%
Operating profit−$86.6M——
Net earnings−$116M——
Operating cash flow−$145M——

What changed

Revenue was $1.8B in Q1 FY26, roughly flat year over year and down 18% from the previous quarter.

Operating costs exceeded revenue by $0.09B, an operating margin of -4.9%. Total costs fell 2% while revenue was flat. The quarter ended with a net loss of $0.12B, narrower than the previous quarter's $0.15B loss.

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 $0.11B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.17B.

Questions

What was V F's revenue in the first quarter fiscal 2026?

V F (VFC) reported revenue of $1.8B for the first quarter fiscal 2026 (Q1 FY26), -0.5% from a year earlier and -18% from the quarter before.

Was V F profitable in the first quarter fiscal 2026?

Operating loss was $86.6M (-4.9% of revenue) and net loss $116M.

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Source: V F 10-Q on SEC EDGAR.