Tapestry (TPR) Gross Margin (2009 - 2026)

Tapestry (TPR) posted Gross Margin of 76.88% for Q1 2026, up 1.87% sequentially from 75.46% in Q4 2025, and up 78.0% YoY from 43.19% in Q1 2025.

Analysis

Tapestry (TPR) Gross Margin (2009 - 2026) Analysis & Trends

Tapestry has reported Gross Margin for 18 years, with the latest figure at 76.88% in Q1 2026.

Quarterly Gross Margin rose 78.0% year-over-year to 76.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 76.18% (up 109.0% YoY) and the FY2025 annual result came in at 75.44%, up 215.0% from the prior year.
Gross Margin grew to 76.88% in Q1 2026 per TPR's latest filing, from 75.46% in the prior quarter.
Over five years, Gross Margin peaked at 76.88% in Q1 2026 and troughed at 68.06% in Q1 2022.
A 5-year average of 73.06% and a median of 73.57% in 2024 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 331 bps in 2022, then jumped 353 bps in 2023.
Over 5 years, Gross Margin stood at 68.59% in 2022, then advanced by 4 bps to 71.63% in 2023, then increased by 4 bps to 74.39% in 2024, then increased by 1 bps to 75.46% in 2025, then advanced by 2 bps to 76.88% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 76.88%, 75.46%, and 76.29% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Tapestry	24.93 Bn	23.77 Bn	1.56 Bn	83.32%
2	Signet Jewelers	3.32 Bn	2.71 Bn	556.50 Mn	35.82%
3	Capri Holdings	1.54 Bn	1.40 Bn	-	-
4	TheRealReal	1.23 Bn	1.11 Bn	143.20 Mn	74.36%
5	Movado	753.32 Mn	541.71 Mn	100.83 Mn	59.40%
6	LuxExperience B.V	732.78 Mn	368.56 Mn	329.37 Mn	45.49%
7	Envela	359.33 Mn	315.89 Mn	13.38 Mn	23.56%
8	Lanvin Group Holdings	118.30 Mn	87.58 Mn	-	-
9	AsiaStrategy	61.21 Mn	42.12 Mn	-	-
10	Brilliant Earth	21.64 Mn	-53.44 Mn	66.64 Mn	57.90%

Historic Data

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