The Gap, Inc. (GAP) Earnings History
Profitable37 years of earnings data (1989–2025) · Positive TTM net income
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The Gap, Inc. (GAP) Earnings Overview
As of June 20, 2026, The Gap, Inc. (GAP) reported trailing twelve-month net income of $962M, reflecting -2.7% year-over-year growth. The company earned $2.54 per diluted share over the past four quarters, with a net profit margin of 5.3%.
Looking at the long-term picture, GAP's historical earnings data spans multiple years. The company achieved its highest annual net income of $1.28B in fiscal 2013.
The Gap, Inc. maintains positive profitability with a gross margin of 40.8%, operating margin of 7.3%, and net margin of 5.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including ANF ($494M net income, 9.6% margin), AEO ($280M net income, 3.5% margin), URBN ($472M net income, 7.5% margin), GAP has room to improve margins relative to the peer group. Compare GAP vs ANF →
GAP Earnings vs Peers
Earnings metrics vs comparable public companies
GAP Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $816M | -3.3% | $1.11B | $2.14 | 5.3% | 7.3% |
| 2024 | $844M | +68.1% | $1.11B | $2.20 | 5.6% | 7.4% |
| 2023 | $502M | +348.5% | $560M | $1.34 | 3.4% | 3.8% |
| 2022 | -$202M | -178.9% | -$69M | $-0.55 | -1.3% | -0.4% |
| 2021 | $256M | +138.5% | $810M | $0.67 | 1.5% | 4.9% |
| 2020 | -$665M | -289.5% | -$862M | $-1.78 | -4.8% | -6.2% |
| 2019 | $351M | -65.0% | $574M | $0.93 | 2.1% | 3.5% |
| 2018 | $1.00B | +18.3% | $1.36B | $2.59 | 6.0% | 8.2% |
| 2017 | $848M | +25.4% | $1.48B | $2.14 | 5.3% | 9.3% |
| 2016 | $676M | -26.5% | $1.19B | $1.69 | 4.4% | 7.7% |
| 2015 | $920M | -27.1% | $1.52B | $2.23 | 5.8% | 9.6% |
| 2014 | $1.26B | -1.4% | $2.08B | $2.87 | 7.7% | 12.7% |
| 2013 | $1.28B | +12.8% | $2.15B | $2.74 | 7.9% | 13.3% |
| 2012 | $1.14B | +36.3% | $1.94B | $2.33 | 7.3% | 12.4% |
| 2011 | $833M | -30.8% | $1.44B | $1.56 | 5.7% | 9.9% |
| 2010 | $1.20B | +9.3% | $1.97B | $1.88 | 8.2% | 13.4% |
| 2009 | $1.10B | +0.0% | $1.81B | $1.58 | 7.8% | 12.8% |
| 2008 | $1.10B | +32.3% | $1.81B | $1.58 | 7.6% | 12.5% |
| 2007 | $833M | +7.1% | $1.31B | $1.05 | 5.3% | 8.3% |
| 2006 | $778M | -30.1% | $1.20B | $0.93 | 4.9% | 7.5% |
| 2005 | $1.11B | -3.2% | $1.77B | $1.24 | 6.9% | 11.1% |
| 2004 | $1.15B | +11.7% | $2.08B | $1.21 | 7.1% | 12.8% |
| 2003 | $1.03B | +115.7% | $1.88B | $1.09 | 6.5% | 11.9% |
| 2002 | $477M | +6249.6% | $1.01B | $0.54 | 3.3% | 7.0% |
| 2001 | -$8M | -100.9% | $338M | $-0.01 | -0.1% | 2.4% |
| 2000 | $877M | -22.1% | $1.44B | $1.00 | 6.4% | 10.6% |
| 1999 | $1.13B | +36.7% | $1.82B | $1.26 | 9.7% | 15.6% |
| 1998 | $825M | +54.4% | $1.33B | $0.91 | 9.1% | 14.7% |
| 1997 | $534M | +17.9% | $851M | $0.58 | 8.2% | 13.1% |
| 1996 | $453M | +27.9% | $729M | $0.47 | 8.6% | 13.8% |
| 1995 | $354M | +10.6% | $569M | $0.37 | 8.1% | 13.0% |
| 1994 | $320M | +23.9% | $518M | $0.33 | 8.6% | 13.9% |
| 1993 | $258M | +22.6% | $426M | $0.27 | 7.8% | 12.9% |
| 1992 | $211M | -8.4% | $344M | $0.22 | 7.1% | 11.6% |
| 1991 | $230M | +59.1% | $374M | $0.24 | 9.1% | 14.9% |
| 1990 | $145M | +48.1% | $238M | $0.15 | 7.5% | 12.3% |
| 1989 | $98M | - | $176M | $0.10 | 6.2% | 11.1% |
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GAP — Frequently Asked Questions
Quick answers to the most common questions about buying GAP stock.
What is GAP earnings per share (EPS)?
GAP trailing twelve-month (TTM) diluted EPS is $2.54, reflecting -2.7% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is The Gap, Inc.'s net income?
The Gap, Inc. (GAP) trailing twelve-month net income is $962M as of 2025. Earnings declined -2.7% year-over-year. The Gap, Inc. has been profitable for 3 consecutive years.
Is GAP profitable?
Yes, GAP is profitable with a TTM net income of $962M and a net profit margin of +5.3%. The Gap, Inc. has generated profits for 3 consecutive years.
What is GAP's earnings growth rate?
GAP compound annual EPS growth rates (CAGR): 1-Year: -2.7%, 3-Year: N/A, 5-Year: N/A, 10-Year: -0.4%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are GAP's profit margins?
The Gap, Inc. net profit margin is +5.3%, operating margin is +7.3%, and gross margin is +40.8%. Margins are within a typical range for the sector. Return on Equity is +23.1%.
Is GAP growing earnings?
GAP earnings growth is slowing. Current YoY EPS growth of -2.7% trails the 5-year CAGR of N/A. TTM net income is $962M.
What was GAP's best earnings year?
The Gap, Inc.'s highest annual net income on record is $1.3B, achieved in fiscal year 2013. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were GAP's earnings last quarter?
GAP's most recent reported quarter was Q1 2026. Net income was $339M with diluted EPS of $0.90. For a full breakdown of all quarters, see the quarterly earnings table on this page.