Tapestry (TPR) Operating Margin (2009 - 2026)

Tapestry's (TPR) quarterly Operating Margin came in at 22.26% in Q1 2026, up 625.0% year-on-year from 3.07% in Q1 2025, and down 22.25% quarter-over-quarter from 28.63% in Q4 2025.

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

Tapestry has disclosed Operating Margin across 18 years of filings, most recently posting 22.26% for Q1 2026.

  • Operating Margin for Q1 2026 came in at 22.26%, up 625.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.32% (down 661.0% YoY), and the FY2025 annual result was 5.92%, down 1117.0% from the prior year.
  • Operating Margin came in at 22.26% for Q1 2026 at Tapestry, down from 28.63% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 28.63% in Q4 2025 to a low of 33.86% in Q2 2025.
  • The 5-year median for Operating Margin is 16.81% (2022), against an average of 15.35%.
  • Across the five-year window, Operating Margin slumped 4863 bps in 2025 and soared 625 bps in 2026, its largest moves.
  • Tapestry's Operating Margin stood at 20.65% in 2022, then gained by 4 bps to 21.47% in 2023, then advanced by 5 bps to 22.45% in 2024, then climbed by 28 bps to 28.63% in 2025, then dropped by 22 bps to 22.26% in 2026.
  • The last three Operating Margin figures came in at 22.26% (Q1 2026), 28.63% (Q4 2025), and 19.25% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Tapestry 29.56 Bn 28.49 Bn 1.48 Bn 22.26%
2 Signet Jewelers 3.64 Bn 2.76 Bn 985.10 Mn 13.57%
3 Capri Holdings 2.42 Bn 2.27 Bn 623.00 Mn 4.49%
4 TheRealReal 1.48 Bn 1.36 Bn 141.33 Mn -1.20%
5 Movado 851.68 Mn 622.56 Mn 103.63 Mn 7.21%
6 Envela 711.92 Mn 673.30 Mn 20.62 Mn 11.40%
7 LuxExperience B.V 18.43 Mn -337.64 Mn 329.37 Mn -4,806,546.49%
8 Brilliant Earth 17.08 Mn 18.33 Mn 54.07 Mn -8.93%
9 Lanvin Group Holdings 212,903.55 -35.02 Mn - -
10 Birks - - - -

Historic Data

Download Data
DateValue
Mar 28, 2026 22.26%
Dec 27, 2025 28.63%
Sep 27, 2025 19.25%
Jun 28, 2025 -33.86%
Mar 29, 2025 16.01%
Dec 28, 2024 22.45%
Sep 28, 2024 16.72%
Jun 29, 2024 14.77%
Mar 30, 2024 13.78%
Dec 30, 2023 21.47%
Sep 30, 2023 16.73%
Jul 1, 2023 16.89%
Apr 1, 2023 14.99%
Dec 31, 2022 20.65%
Oct 1, 2022 16.88%
Jul 2, 2022 15.29%
Apr 2, 2022 11.79%
Jan 1, 2022 21.61%
Oct 2, 2021 19.92%
Jul 3, 2021 16.08%