Tapestry (TPR) Operating Margin (2009 - 2026)
Tapestry's Operating Margin came in at 23.57% for fiscal Q4 2026 (quarter ended Jun 27, 2026), up 57.43 percentage points from -33.86% a year earlier and up 1.31 percentage points from the prior quarter.
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Analysis
Tapestry (TPR) Operating Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Jun 27, 2026), Tapestry's Operating Margin was 23.92%, up 18.00 percentage points from FY2025.
- Operating Margin carries a five-year change of +7.07 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Operating Margin was 5.92% in FY2025 (-11.17 pp), 17.09% in FY2024 (-0.51 pp), 17.60% in FY2023 (+0.01 pp) and 17.59% in FY2022 (+0.74 pp).
- The five-year range for quarterly Operating Margin is -33.86% (fiscal Q4 2025) to 28.63% (fiscal Q2 2026).
- Year-over-year, Operating Margin has increased for four consecutive quarters, with an average year-over-year change of +3.37 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in fiscal Q4 2026 (a gain of 57.43 percentage points), and the weakest in fiscal Q4 2025 (a drop of 48.63 percentage points).
- Business Quant data shows TPR's Operating Margin at 22.26% (Q3 2026), 28.63% (Q2 2026) and 19.25% (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 53.14 Bn | 19.13 Bn | 5.39 Bn | 11.95% |
| 2 | Tapestry | 22.87 Bn | 18.83 Bn | 1.56 Bn | 23.57% |
| 3 | Ralph Lauren | 21.39 Bn | 13.49 Bn | 1.44 Bn | 17.47% |
| 4 | Deckers Outdoor | 11.06 Bn | 3.93 Bn | - | - |
| 5 | Lululemon Athletica | 10.32 Bn | 4.58 Bn | 1.46 Bn | 18.78% |
| 6 | Levi Strauss | 7.62 Bn | 4.28 Bn | 979.10 Mn | 7.82% |
| 7 | Gildan Activewear | 6.55 Bn | 5.54 Bn | 459.76 Mn | 11.12% |
| 8 | Birkenstock Holding | 6.07 Bn | 4.38 Bn | 493.89 Mn | 28.22% |
| 9 | Crocs | 5.90 Bn | 5.31 Bn | 700.71 Mn | 24.22% |
| 10 | V F | 5.70 Bn | 2.32 Bn | 917.04 Mn | -4.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 23.57% |
| 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% |
API Access
Tapestry Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=TPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "TPR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=TPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();