Tapestry (TPR) Operating Expenses (2009 - 2026)

Tapestry's (TPR) quarterly Operating Expenses came in at $1.0 billion in Q1 2026, up 10.18% year-on-year from $952.1 million in Q1 2025, and down 10.49% quarter-over-quarter from $1.2 billion in Q4 2025.

Tapestry (TPR) Operating Expenses (2009 - 2026) Analysis & Trends

Tapestry has disclosed Operating Expenses across 18 years of filings, most recently posting $1.0 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $1.0 billion, up 10.18% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.2 billion (up 7.77% YoY), and the FY2025 annual result was $4.0 billion, up 7.19% from the prior year.
  • Operating Expenses came in at $1.0 billion for Q1 2026 at Tapestry, down from $1.2 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q4 2025 to a low of -$154.2 million in Q4 2023.
  • The 5-year median for Operating Expenses is $901.1 million (2023), against an average of $721.0 million.
  • Across the five-year window, Operating Expenses tumbled 115.09% in 2022 and jumped 839.49% in 2024, its largest moves.
  • Tapestry's Operating Expenses stood at -$104.7 million in 2022, then tumbled by 47.28% to -$154.2 million in 2023, then surged by 839.49% to $1.1 billion in 2024, then climbed by 2.78% to $1.2 billion in 2025, then decreased by 10.49% to $1.0 billion in 2026.
  • The last three Operating Expenses figures came in at $1.0 billion (Q1 2026), $1.2 billion (Q4 2025), and $972.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tapestry 29.56 Bn 28.49 Bn 1.48 Bn 1.05 Bn
2 Signet Jewelers 3.64 Bn 2.76 Bn 985.10 Mn 656.60 Mn
3 Capri Holdings 2.42 Bn 2.27 Bn 623.00 Mn 577.00 Mn
4 TheRealReal 1.48 Bn 1.36 Bn 141.33 Mn 143.61 Mn
5 Movado 851.68 Mn 622.56 Mn 103.63 Mn 89.83 Mn
6 Envela 711.92 Mn 673.30 Mn 20.62 Mn 9.41 Mn
7 LuxExperience B.V 18.43 Mn -337.64 Mn 329.37 Mn -153.55 Mn
8 Brilliant Earth 17.08 Mn 18.33 Mn 54.07 Mn 62.95 Mn
9 Lanvin Group Holdings 212,903.55 -35.02 Mn - -
10 Birks - - - -

Historic Data

Download Data
DateValue
Mar 28, 2026 1.05 Bn
Dec 27, 2025 1.17 Bn
Sep 27, 2025 972.30 Mn
Jun 28, 2025 1.04 Bn
Mar 29, 2025 952.10 Mn
Dec 28, 2024 1.14 Bn
Sep 28, 2024 882.90 Mn
Jun 29, 2024 956.20 Mn
Mar 30, 2024 903.10 Mn
Dec 30, 2023 -154.20 Mn
Sep 30, 2023 844.50 Mn
Jul 1, 2023 899.10 Mn
Apr 1, 2023 -124.70 Mn
Dec 31, 2022 -104.70 Mn
Oct 1, 2022 800.30 Mn
Jul 2, 2022 870.70 Mn
Apr 2, 2022 -120.00 Mn
Jan 1, 2022 994.60 Mn
Oct 2, 2021 773.70 Mn
Jul 3, 2021 906.40 Mn