Tapestry Inc (TPR)
Net profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 183,200 | 859,600 | 795,700 | 807,600 | 816,000 | 880,800 | 928,100 | 935,700 | 936,000 | 900,700 | 836,700 | 824,700 | 856,300 | 867,300 | 836,300 | 829,400 | 834,200 | 340,600 | -428,200 | -440,400 |
| Revenue (ttm) | US$ in thousands | 7,010,700 | 6,878,600 | 6,776,400 | 6,665,500 | 6,671,200 | 6,699,600 | 6,726,700 | 6,667,600 | 6,660,900 | 6,666,300 | 6,594,300 | 6,710,100 | 6,684,500 | 6,675,000 | 6,510,800 | 6,055,000 | 5,746,300 | 4,845,700 | 4,645,100 | 4,775,700 |
| Net profit margin | 2.61% | 12.50% | 11.74% | 12.12% | 12.23% | 13.15% | 13.80% | 14.03% | 14.05% | 13.51% | 12.69% | 12.29% | 12.81% | 12.99% | 12.84% | 13.70% | 14.52% | 7.03% | -9.22% | -9.22% |
June 30, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $183,200K ÷ $7,010,700K
= 2.61%
The net profit margin of Tapestry Inc exhibits notable variability over the specified periods, reflecting significant shifts in profitability. During the fiscal year ending September 30, 2020, the net profit margin was negative at -9.22%, indicating losses relative to revenue, which persisted through December 31, 2020. Starting in the fiscal quarter ending March 31, 2021, the company transitioned into profitability, registering a positive margin of 7.03%. This marked a substantial improvement in net profitability.
Throughout 2021, the net profit margin experienced an upward trend, reaching 14.52% by June 30, 2021, and stabilizing at around 13.70% and 12.84% in subsequent quarters. For the fiscal year ending March 31, 2022, the margin remained healthy at approximately 12.99%, with a slight decline to 12.81% by June 30, 2022, and a marginal drop to 12.29% by September 30, 2022. The overall positive trajectory persisted into 2023, with margins of 12.69% at the end of 2022, climbing to approximately 13.51% and 14.05% in the first two quarters of 2023, before slightly decreasing to 14.03% in September 2023.
Looking into the subsequent periods, a gradual decline is evident, with the net profit margin decreasing to 13.80% at the end of 2023, then to 13.15% by March 31, 2024, and further down to 12.23% in June 2024. The trend continued downward with 12.12% in September 2024, and further to 11.74% in December 2024. For the first half of 2025, the margins fluctuate, with a notable decline to 2.61% in June 2025, suggesting either increased costs, reduced profitability, or a combination of both in this period.
In summary, Tapestry Inc's net profit margin experienced a recovery from negative territory in 2020 to consistently positive margins throughout 2021 and 2022, maintaining levels around the low to mid-teens. However, from late 2023 onward, a downward trend emerges, culminating in a significant decrease in mid-2025, indicating potential challenges in maintaining previous profitability levels or changes in operational conditions.
Peer comparison
Jun 30, 2025