The Gap, Inc. (GAP) Quarterly Financials

120+ quarters historyFree accessUpdated daily

The Gap, Inc. (GAP) quarterly income statement — complete revenue, gross profit & net income history

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23

Sales/Revenue	3.5B	4.24B	3.94B	3.73B	3.46B	4.15B	3.83B	3.72B	3.39B	4.3B	3.77B	3.55B
Revenue Growth %	0.98%	2.1%	2.95%	0.13%	2.21%	-3.47%	1.65%	4.85%	3.42%	1.3%	-6.73%	-8.01%
Cost of Goods Sold	2.08B	2.62B	2.27B	2.19B	2.02B	2.54B	2.19B	2.14B	1.99B	2.63B	2.21B	2.21B
COGS % of Revenue	59.48%	61.9%	57.64%	58.77%	58.19%	61.15%	57.3%	57.45%	58.77%	61.1%	58.69%	62.43%
Gross Profit	1.42B	1.61B	1.67B	1.54B	1.45B	1.61B	1.64B	1.58B	1.4B	1.67B	1.56B	1.33B
Gross Margin %	40.52%	38.1%	42.36%	41.23%	41.81%	38.85%	42.7%	42.55%	41.23%	38.9%	41.31%	37.57%
Gross Profit Growth %	-2.14%	0.12%	2.14%	-2.97%	3.65%	-3.59%	5.08%	18.75%	15.07%	17.42%	3.11%	0.23%
Operating Expenses	972M	1.39B	1.34B	1.24B	1.19B	1.35B	1.28B	1.29B	1.19B	1.46B	1.31B	1.23B
OpEx % of Revenue	27.8%	32.7%	33.89%	33.4%	34.31%	32.61%	33.43%	34.68%	35.18%	33.92%	34.67%	34.58%
Selling, General & Admin	0	0	0	0	0	0	0	0	0	0	0	0
SG&A % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	445M	229M	334M	292M	260M	259M	355M	293M	205M	214M	250M	106M
Operating Margin %	12.73%	5.41%	8.47%	7.84%	7.51%	6.24%	9.27%	7.88%	6.05%	4.98%	6.64%	2.99%
Operating Income Growth %	71.15%	-11.58%	-5.92%	-0.34%	26.83%	21.03%	42%	176.42%	2150%	813.33%	34.41%	478.57%
EBITDA	573M	357M	459M	414M	381M	388M	479M	416M	329M	342M	377M	236M
EBITDA Margin %	16.39%	8.43%	11.64%	11.11%	11%	9.35%	12.51%	11.18%	9.71%	7.96%	10.01%	6.65%
EBITDA Growth %	50.39%	-7.99%	-4.18%	-0.48%	15.81%	13.45%	27.06%	76.27%	159.06%	216.67%	15.64%	126.92%
D&A (Non-Cash Add-back)	128M	128M	125M	122M	121M	129M	124M	123M	124M	128M	127M	130M
EBIT	445M	229M	337M	319M	286M	279M	384M	320M	229M	242M	278M	123M
Net Interest Income	5M	7M	3M	4M	3M	13M	6M	3M	3M	4M	0	2M
Interest Income	5M	7M	3M	27M	26M	32M	29M	27M	24M	28M	28M	17M
Interest Expense	0	0	0	23M	23M	19M	23M	24M	21M	24M	28M	15M
Other Income/Expense	5M	7M	3M	4M	3M	13M	6M	3M	3M	4M	0	2M
Pretax Income	450M	236M	337M	296M	263M	272M	361M	296M	208M	218M	250M	108M
Pretax Margin %	12.87%	5.57%	8.55%	7.95%	7.59%	6.56%	9.43%	7.96%	6.14%	5.07%	6.64%	3.04%
Income Tax	111M	65M	101M	80M	70M	66M	87M	90M	50M	33M	32M	-9M
Effective Tax Rate %	24.67%	27.54%	29.97%	27.03%	26.62%	24.26%	24.1%	30.41%	24.04%	15.14%	12.8%	-8.33%
Net Income	339M	171M	236M	216M	193M	206M	274M	206M	158M	185M	218M	117M
Net Margin %	9.69%	4.04%	5.99%	5.8%	5.57%	4.97%	7.16%	5.54%	4.66%	4.3%	5.79%	3.3%
Net Income Growth %	75.65%	-16.99%	-13.87%	4.85%	22.15%	11.35%	25.69%	76.07%	977.78%	167.77%	-22.7%	338.78%
Net Income (Continuing)	339M	171M	236M	216M	193M	206M	274M	206M	158M	185M	218M	117M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.90	0.45	0.62	0.57	0.51	0.54	0.72	0.54	0.41	0.49	0.58	0.32
EPS Growth %	76.47%	-16.67%	-13.89%	5.56%	24.39%	10.2%	24.14%	68.75%	920%	165.33%	-24.68%	346.15%
EPS (Basic)	0.92	0.46	0.63	0.58	0.51	0.53	0.73	0.55	0.42	0.50	0.59	0.32
Diluted Shares Outstanding	378M	384M	380M	379M	382M	384M	383M	383M	383M	376M	375M	371M
Basic Shares Outstanding	367M	373M	372M	373M	375M	377M	377M	376M	374M	372M	371M	369M
Dividend Payout Ratio	18.58%	36.26%	26.27%	28.7%	31.61%	27.18%	20.8%	27.18%	35.44%	30.27%	25.23%	47.86%

The Gap, Inc. (GAP) Quarterly Financials

120+ quarters historyFree accessUpdated daily

The Gap, Inc. (GAP) quarterly income statement — complete revenue, gross profit & net income history

Annual Quarterly

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23

Sales/Revenue	3.5B	4.24B	3.94B	3.73B	3.46B	4.15B	3.83B	3.72B	3.39B	4.3B	3.77B	3.55B
Revenue Growth %	0.98%	2.1%	2.95%	0.13%	2.21%	-3.47%	1.65%	4.85%	3.42%	1.3%	-6.73%	-8.01%
Cost of Goods Sold	2.08B	2.62B	2.27B	2.19B	2.02B	2.54B	2.19B	2.14B	1.99B	2.63B	2.21B	2.21B
COGS % of Revenue	59.48%	61.9%	57.64%	58.77%	58.19%	61.15%	57.3%	57.45%	58.77%	61.1%	58.69%	62.43%
Gross Profit	1.42B	1.61B	1.67B	1.54B	1.45B	1.61B	1.64B	1.58B	1.4B	1.67B	1.56B	1.33B
Gross Margin %	40.52%	38.1%	42.36%	41.23%	41.81%	38.85%	42.7%	42.55%	41.23%	38.9%	41.31%	37.57%
Gross Profit Growth %	-2.14%	0.12%	2.14%	-2.97%	3.65%	-3.59%	5.08%	18.75%	15.07%	17.42%	3.11%	0.23%
Operating Expenses	972M	1.39B	1.34B	1.24B	1.19B	1.35B	1.28B	1.29B	1.19B	1.46B	1.31B	1.23B
OpEx % of Revenue	27.8%	32.7%	33.89%	33.4%	34.31%	32.61%	33.43%	34.68%	35.18%	33.92%	34.67%	34.58%
Selling, General & Admin	0	0	0	0	0	0	0	0	0	0	0	0
SG&A % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	445M	229M	334M	292M	260M	259M	355M	293M	205M	214M	250M	106M
Operating Margin %	12.73%	5.41%	8.47%	7.84%	7.51%	6.24%	9.27%	7.88%	6.05%	4.98%	6.64%	2.99%
Operating Income Growth %	71.15%	-11.58%	-5.92%	-0.34%	26.83%	21.03%	42%	176.42%	2150%	813.33%	34.41%	478.57%
EBITDA	573M	357M	459M	414M	381M	388M	479M	416M	329M	342M	377M	236M
EBITDA Margin %	16.39%	8.43%	11.64%	11.11%	11%	9.35%	12.51%	11.18%	9.71%	7.96%	10.01%	6.65%
EBITDA Growth %	50.39%	-7.99%	-4.18%	-0.48%	15.81%	13.45%	27.06%	76.27%	159.06%	216.67%	15.64%	126.92%
D&A (Non-Cash Add-back)	128M	128M	125M	122M	121M	129M	124M	123M	124M	128M	127M	130M
EBIT	445M	229M	337M	319M	286M	279M	384M	320M	229M	242M	278M	123M
Net Interest Income	5M	7M	3M	4M	3M	13M	6M	3M	3M	4M	0	2M
Interest Income	5M	7M	3M	27M	26M	32M	29M	27M	24M	28M	28M	17M
Interest Expense	0	0	0	23M	23M	19M	23M	24M	21M	24M	28M	15M
Other Income/Expense	5M	7M	3M	4M	3M	13M	6M	3M	3M	4M	0	2M
Pretax Income	450M	236M	337M	296M	263M	272M	361M	296M	208M	218M	250M	108M
Pretax Margin %	12.87%	5.57%	8.55%	7.95%	7.59%	6.56%	9.43%	7.96%	6.14%	5.07%	6.64%	3.04%
Income Tax	111M	65M	101M	80M	70M	66M	87M	90M	50M	33M	32M	-9M
Effective Tax Rate %	24.67%	27.54%	29.97%	27.03%	26.62%	24.26%	24.1%	30.41%	24.04%	15.14%	12.8%	-8.33%
Net Income	339M	171M	236M	216M	193M	206M	274M	206M	158M	185M	218M	117M
Net Margin %	9.69%	4.04%	5.99%	5.8%	5.57%	4.97%	7.16%	5.54%	4.66%	4.3%	5.79%	3.3%
Net Income Growth %	75.65%	-16.99%	-13.87%	4.85%	22.15%	11.35%	25.69%	76.07%	977.78%	167.77%	-22.7%	338.78%
Net Income (Continuing)	339M	171M	236M	216M	193M	206M	274M	206M	158M	185M	218M	117M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.90	0.45	0.62	0.57	0.51	0.54	0.72	0.54	0.41	0.49	0.58	0.32
EPS Growth %	76.47%	-16.67%	-13.89%	5.56%	24.39%	10.2%	24.14%	68.75%	920%	165.33%	-24.68%	346.15%
EPS (Basic)	0.92	0.46	0.63	0.58	0.51	0.53	0.73	0.55	0.42	0.50	0.59	0.32
Diluted Shares Outstanding	378M	384M	380M	379M	382M	384M	383M	383M	383M	376M	375M	371M
Basic Shares Outstanding	367M	373M	372M	373M	375M	377M	377M	376M	374M	372M	371M	369M
Dividend Payout Ratio	18.58%	36.26%	26.27%	28.7%	31.61%	27.18%	20.8%	27.18%	35.44%	30.27%	25.23%	47.86%

GAP Income Statement

GAP Income Statement