Ralph Lauren (RL) FY2025 results: revenue $7.1 billion, up 6.7% on the year
Ralph Lauren Corp. (RL) reported revenue of $7.1 billion for fiscal 2025, the year ended 29 March 2025, up 6.7% on the year before. Net income was $743 million, up 14.9%, and diluted earnings per share $11.61. The figures are the company's own, from the 10-K it filed with the SEC on 22 May 2025.
Revenue
$7.1 billion
+6.7% on the year
FY2018FY2025
Operating margin
13.2%
11.4% a year earlier
FY2018FY2025
Net income
$743 million
+14.9% on the year
FY2018FY2025
Diluted EPS
$11.61
+19.6% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
1,235
1,070
411
+15.5%
Capital expenditure
216
165
218
+31.2%
Free cash flow
1,019
905
194
+12.6%
Free cash flow margin
14.4%
13.6%
3.0%
Cash from investing
-264
-257
472
Cash from financing
-704
-666
-1,209
Depreciation and amortisation
220
229
220
-4.1%
Share-based compensation
108
99.5
75.5
+8.4%
Buybacks
481
450
489
+6.9%
Dividends paid
201
195
198
+3.3%
Dividend per share
$3.30
$3.00
$3.00
+10.0%
Diluted shares, weighted
64m
66m
69m
-3.8%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
2,588
2,450
2,430
+5.6%
Debt
1,143
1,140
1,138
+0.2%
Operating lease liabilities
1,045
1,014
1,141
+3.0%
Finance lease liabilities
235
256
315
-8.3%
Other liabilities
2,037
1,742
1,764
+16.9%
Total liabilities and equity
7,047
6,603
6,790
+6.7%
Fixed assets
846
850
956
-0.5%
Goodwill
888
888
899
+0.0%
Intangible assets
62.8
75.7
88.9
-17.0%
Investments
160
121
36.4
+32.6%
Cash and equivalents
1,922
1,662
1,529
+15.7%
Receivables
460
446
448
+2.9%
Inventory
950
902
1,071
+5.3%
Other assets
1,758
1,656
1,762
+6.1%
Total assets
7,047
6,603
6,790
+6.7%
10-K for the year ended 29 March 2025, filed 22 May 2025: the filing.