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Side-by-side financial comparison of Tapestry, Inc. (TPR) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $2.4B, roughly 1.0× Workday, Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs 10.4%, a 12.1% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 12.6%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $550.0M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% CAGR vs 12.5%).
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
Workday, Inc. is a leading global enterprise cloud software provider that develops and distributes human capital management, financial management, and enterprise resource planning solutions. It caters primarily to mid-sized and large organizations across sectors including education, healthcare, finance, and technology, with operations spanning North America, Europe, and Asia Pacific.
TPR vs WDAY — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $2.4B |
| Net Profit | $561.3M | $252.0M |
| Gross Margin | 75.5% | — |
| Operating Margin | 28.6% | 10.6% |
| Net Margin | 22.4% | 10.4% |
| Revenue YoY | 14.0% | 12.6% |
| Net Profit YoY | 80.8% | 30.6% |
| EPS (diluted) | $2.68 | $0.94 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.6B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
| Q4 25 | $561.3M | $252.0M | ||
| Q3 25 | $274.8M | $228.0M | ||
| Q2 25 | $-517.1M | $68.0M | ||
| Q1 25 | $203.3M | $94.0M | ||
| Q4 24 | $310.4M | $193.0M | ||
| Q3 24 | $186.6M | $132.0M | ||
| Q2 24 | $159.3M | $107.0M | ||
| Q1 24 | $139.4M | $1.2B |
| Q4 25 | 75.5% | — | ||
| Q3 25 | 76.3% | — | ||
| Q2 25 | 76.3% | — | ||
| Q1 25 | 76.1% | — | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 75.3% | — | ||
| Q2 24 | 74.9% | — | ||
| Q1 24 | 74.7% | — |
| Q4 25 | 28.6% | 10.6% | ||
| Q3 25 | 19.3% | 10.6% | ||
| Q2 25 | -33.9% | 1.7% | ||
| Q1 25 | 16.0% | 3.4% | ||
| Q4 24 | 22.4% | 7.6% | ||
| Q3 24 | 16.7% | 5.3% | ||
| Q2 24 | 14.8% | 3.2% | ||
| Q1 24 | 13.8% | 4.1% |
| Q4 25 | 22.4% | 10.4% | ||
| Q3 25 | 16.1% | 9.7% | ||
| Q2 25 | -30.0% | 3.0% | ||
| Q1 25 | 12.8% | 4.3% | ||
| Q4 24 | 14.1% | 8.9% | ||
| Q3 24 | 12.4% | 6.3% | ||
| Q2 24 | 10.0% | 5.4% | ||
| Q1 24 | 9.4% | 61.8% |
| Q4 25 | $2.68 | $0.94 | ||
| Q3 25 | $1.28 | $0.84 | ||
| Q2 25 | $-2.30 | $0.25 | ||
| Q1 25 | $0.95 | $0.34 | ||
| Q4 24 | $1.38 | $0.72 | ||
| Q3 24 | $0.79 | $0.49 | ||
| Q2 24 | $0.67 | $0.40 | ||
| Q1 24 | $0.60 | $4.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $6.8B |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $551.2M | $8.9B |
| Total Assets | $6.5B | $17.8B |
| Debt / EquityLower = less leverage | 4.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $6.8B | ||
| Q3 25 | $743.2M | $8.2B | ||
| Q2 25 | $1.1B | $8.0B | ||
| Q1 25 | $1.1B | $8.0B | ||
| Q4 24 | $1.0B | $7.2B | ||
| Q3 24 | $7.3B | $7.4B | ||
| Q2 24 | $7.2B | $7.2B | ||
| Q1 24 | $7.4B | $7.8B |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $6.9B | $3.0B | ||
| Q1 24 | $7.7B | $3.0B |
| Q4 25 | $551.2M | $8.9B | ||
| Q3 25 | $399.5M | $9.2B | ||
| Q2 25 | $857.8M | $8.9B | ||
| Q1 25 | $1.5B | $9.0B | ||
| Q4 24 | $1.3B | $8.6B | ||
| Q3 24 | $3.0B | $8.3B | ||
| Q2 24 | $2.9B | $8.2B | ||
| Q1 24 | $2.8B | $8.1B |
| Q4 25 | $6.5B | $17.8B | ||
| Q3 25 | $6.4B | $18.0B | ||
| Q2 25 | $6.6B | $17.2B | ||
| Q1 25 | $7.3B | $18.0B | ||
| Q4 24 | $7.3B | $16.4B | ||
| Q3 24 | $13.7B | $16.2B | ||
| Q2 24 | $13.4B | $15.9B | ||
| Q1 24 | $13.7B | $16.5B |
| Q4 25 | 4.32× | — | ||
| Q3 25 | 5.95× | — | ||
| Q2 25 | 2.77× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 2.35× | — | ||
| Q2 24 | 2.39× | 0.37× | ||
| Q1 24 | 2.77× | 0.37× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $588.0M |
| Free Cash FlowOCF − Capex | $1.0B | $550.0M |
| FCF MarginFCF / Revenue | 41.5% | 22.6% |
| Capex IntensityCapex / Revenue | 1.7% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.93× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $1.6B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $588.0M | ||
| Q3 25 | $112.6M | $616.0M | ||
| Q2 25 | $446.8M | $457.0M | ||
| Q1 25 | $144.3M | $1.1B | ||
| Q4 24 | $506.0M | $406.0M | ||
| Q3 24 | $119.5M | $571.0M | ||
| Q2 24 | $256.0M | $372.0M | ||
| Q1 24 | $97.8M | $995.6M |
| Q4 25 | $1.0B | $550.0M | ||
| Q3 25 | $80.2M | $588.0M | ||
| Q2 25 | $411.5M | $421.0M | ||
| Q1 25 | $113.4M | $1.0B | ||
| Q4 24 | $475.1M | $359.0M | ||
| Q3 24 | $93.9M | $516.0M | ||
| Q2 24 | $209.8M | $291.0M | ||
| Q1 24 | $78.8M | $947.6M |
| Q4 25 | 41.5% | 22.6% | ||
| Q3 25 | 4.7% | 25.0% | ||
| Q2 25 | 23.9% | 18.8% | ||
| Q1 25 | 7.2% | 46.4% | ||
| Q4 24 | 21.6% | 16.6% | ||
| Q3 24 | 6.2% | 24.7% | ||
| Q2 24 | 13.2% | 14.6% | ||
| Q1 24 | 5.3% | 49.3% |
| Q4 25 | 1.7% | 1.6% | ||
| Q3 25 | 1.9% | 1.2% | ||
| Q2 25 | 2.0% | 1.6% | ||
| Q1 25 | 2.0% | 3.9% | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 1.7% | 2.6% | ||
| Q2 24 | 2.9% | 4.1% | ||
| Q1 24 | 1.3% | 2.5% |
| Q4 25 | 1.93× | 2.33× | ||
| Q3 25 | 0.41× | 2.70× | ||
| Q2 25 | — | 6.72× | ||
| Q1 25 | 0.71× | 11.83× | ||
| Q4 24 | 1.63× | 2.10× | ||
| Q3 24 | 0.64× | 4.33× | ||
| Q2 24 | 1.61× | 3.48× | ||
| Q1 24 | 0.70× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
