Tapestry (TPR) FY2025 results: revenue $7.0 billion, up 5.1% on the year
Tapestry, Inc. (TPR) reported revenue of $7.0 billion for fiscal 2025, the year ended 28 June 2025, up 5.1% on the year before. Net income was $183 million, down 77.5%, and diluted earnings per share $0.82. The figures are the company's own, from the 10-K it filed with the SEC on 14 August 2025.
Revenue
$7.0 billion
+5.1% on the year
FY2018FY2025
Operating margin
5.9%
17.1% a year earlier
FY2018FY2025
Net income
$183 million
-77.5% on the year
FY2018FY2025
Diluted EPS
$0.82
-76.6% 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
1,217
1,256
975
-3.1%
Capital expenditure
123
109
184
+12.7%
Free cash flow
1,094
1,147
791
-4.6%
Free cash flow margin
15.6%
17.2%
11.9%
Cash from investing
914
-1,042
5.7
Cash from financing
-7,175
5,214
-1,036
Depreciation and amortisation
163
174
182
-6.4%
Share-based compensation
87.3
85.9
78.8
+1.6%
Buybacks
1,719
0.0
704
Dividends paid
299
321
283
-6.9%
Dividend per share
$1.40
$1.40
$1.20
0.0%
Diluted shares, weighted
222m
233m
241m
-4.6%
Shares outstanding at period end
208m
230m
227m
-9.6%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
858
2,897
2,278
-70.4%
Debt
2,395
7,241
1,661
-66.9%
Operating lease liabilities
1,206
1,224
1,334
-1.5%
Finance lease liabilities
0.0
0.0
1.2
Other liabilities
2,122
2,035
1,843
+4.3%
Total liabilities and equity
6,580
13,396
7,117
-50.9%
Goodwill
983
1,204
1,228
-18.3%
Intangible assets
720
1,354
1,360
-46.8%
Investments
21.0
1,063
16.7
-98.0%
Cash and equivalents
1,100
6,142
726
-82.1%
Receivables
239
228
212
+4.9%
Inventory
861
825
920
+4.4%
Other assets
2,657
2,580
2,655
+2.9%
Total assets
6,580
13,396
7,117
-50.9%
10-K for the year ended 28 June 2025, filed 14 August 2025: the filing.