Ralph Lauren Corporation stock research
FY2026 Q4
Ralph Lauren (RL) Gross Margin & Quarterly History
Explore Ralph Lauren Corporation (RL) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 28, 2026 · FY2026 Q4
Revenue and gross profit were lower than the preceding quarter but higher than the same quarter last year, while cost of revenue decreased sequentially and increased year over year. Gross margin improved compared to a year earlier, though it was slightly weaker than the prior quarter.
- Gross margin benefited from a lower proportion of cost relative to revenue compared with the same quarter a year ago, as revenue grew at a faster pace than cost of revenue.
- Compared with the preceding quarter, revenue and gross profit both declined, while gross margin was nearly stable. Versus the same quarter last year, revenue, gross profit, and gross margin were all higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
69.7%
Gross profit
$1.4B
Revenue
$2.0B
Cost of revenue
$599.9M
Quarter-over-quarter change
-0.2 pts
Year-over-year change
+1.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 28, 2025 | $1.7B | $1.2B | $476.8M | 72.3% |
| Sep 27, 2025 | $2.0B | $1.4B | $644.3M | 68.0% |
| Dec 27, 2025 | $2.4B | $1.7B | $724.3M | 69.9% |
| Mar 28, 2026 | $2.0B | $1.4B | $599.9M | 69.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 27, 2025
-0.2 pts
Year-over-year change
Mar 29, 2025
+1.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin benefited from a lower proportion of cost relative to revenue compared with the same quarter a year ago, as revenue grew at a faster pace than cost of revenue.
Compared with the preceding quarter, revenue and gross profit both declined, while gross margin was nearly stable. Versus the same quarter last year, revenue, gross profit, and gross margin were all higher.
Monitor whether the gross margin can maintain its year-over-year improvement if revenue continues to decline sequentially.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Ralph Lauren Corporation (RL) | 69.7% |