Gap Inc. (GAP) reported $15.33B of revenue for the twelve months ended Aug 1, 2026. That is up 1.1% from the year before. Revenue for fiscal 2025 was $15.37B.

Yes. Gap Inc. earned $1.25B in net income for the twelve months ended Aug 1, 2026, a net margin of 8.1%.

How much cash and debt does GAP have?

Gap Inc. reported $2.10B in cash and cash equivalents and $1.49B of debt on its most recent balance sheet in SEC filings.

How fast is GAP revenue growing?

Gap Inc.'s revenue changed +1.9% in fiscal 2025, to $15.37B. Its compound annual growth rate was +2.2% over 5 years and -0.3% over 10 years.

What is GAP gross margin?

Gap Inc.'s gross profit was $6.63B on $15.33B of revenue for the twelve months ended Aug 1, 2026, a gross margin of 43.3%.

What is GAP free cash flow?

Gap Inc. generated $957.00M of free cash flow for the twelve months ended Aug 1, 2026, which is operating cash flow of $1.53B less capital expenditures.

What is GAP earnings per share?

Diluted earnings per share were $3.33 for the twelve months ended Aug 1, 2026, from SEC filings, restated for any stock split those filings show.

When did GAP last report financial results?

The latest statements here come from Gap Inc.'s 10-Q filed on Aug 28, 2026, covering the period ended Aug 1, 2026.

Where does this GAP financial data come from?

Quantisnow builds these statements from the structured XBRL data Gap Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · GAP

Gap Inc. (GAP) financials

For the twelve months ended Aug 1, 2026, Gap Inc. reported $15.33B of revenue and $1.25B of net income.

Revenue, TTM: $15.33B
Revenue growth, YoY: +1.1%
Net income, TTM: $1.25B
Net income growth, YoY: +40.3%
Net margin: 8.1%
Free cash flow, TTM: $957.00M
EPS, diluted, TTM: $3.33
EPS growth, YoY: +42.9%
Cash: $2.10B
Total debt: $1.49B
P/E: 6.05
P/S: 0.49
Market cap: $7.54B

Annual revenue$15.37B

FY2016FY2025

Annual net income$816.00M

FY2016FY2025

Annual free cash flow$823.00M

FY2016FY2025

GAP revenue and earnings growth

GAP revenueQ2 2026$3.65B

Quarter YoY: -2.0%
QoQ: +4.4%
FY YoY: +1.9%
5Y CAGR: +2.2%
10Y CAGR: -0.3%

GAP revenue was $3.65B in fiscal Q2 2026 (ended Aug 1, 2026), down 2.0% from a year earlier and up 4.4% from the prior quarter. For the full fiscal 2025 it was $15.37B, up 1.9% from fiscal 2024. Compound annual growth was +2.2% over 5 years and -0.3% over 10 years. It rose in 5 of the last 10 fiscal years.

GAP net incomeQ2 2026$501.00M

Quarter YoY: +131.9%
QoQ: +47.8%
FY YoY: -3.3%
10Y CAGR: -1.2%

GAP net income was $501.00M in fiscal Q2 2026 (ended Aug 1, 2026), up 131.9% from a year earlier and up 47.8% from the prior quarter. For the full fiscal 2025 it was $816.00M, down 3.3% from fiscal 2024. Compound annual growth was -1.2% over 10 years.

GAP EPSQ2 2026$1.38

Quarter YoY: +142.1%
QoQ: +53.3%
FY YoY: -3.2%
10Y CAGR: -0.5%

GAP diluted EPS was $1.38 in fiscal Q2 2026 (ended Aug 1, 2026), up 142.1% from a year earlier and up 53.3% from the prior quarter. For the full fiscal 2025 it was $2.13, down 3.2% from fiscal 2024. Compound annual growth was -0.5% over 10 years.

GAP free cash flowQ2 2026$183.00M

Quarter YoY: -47.7%
QoQ: +134.6%
FY YoY: -20.8%
10Y CAGR: -0.5%

GAP free cash flow was $183.00M in fiscal Q2 2026 (ended Aug 1, 2026), down 47.7% from a year earlier and up 134.6% from the prior quarter. For the full fiscal 2025 it was $823.00M, down 20.8% from fiscal 2024. Compound annual growth was -0.5% over 10 years.

Export CSV

Income statement

Income statement
Line item	FY2025 Jan 31, 2026	FY2024 Feb 1, 2025	FY2023 Feb 3, 2024	FY2022 Jan 28, 2023	FY2021 Jan 29, 2022	FY2020 Jan 30, 2021	FY2019 Feb 1, 2020	FY2018 Feb 2, 2019	FY2017 Feb 3, 2018	FY2016 Jan 28, 2017
Revenue	$15.37B	$15.09B	$14.89B	$15.62B	$16.67B	$13.80B	$16.38B	$16.58B	$15.86B	$15.52B
Cost of revenue	$9.10B	$8.86B	$9.11B	$10.26B	$10.03B	$9.10B	$10.25B	$10.26B	$9.79B	-
Gross profit	$6.27B	$6.23B	$5.78B	$5.36B	$6.64B	$4.71B	$6.13B	$6.32B	$6.07B	$5.64B
Research and development	$60.00M	$40.00M	$37.00M	$46.00M	$41.00M	$46.00M	$41.00M	$50.00M	$51.00M	$46.00M
Operating income	$1.11B	$1.11B	$560.00M	-$69.00M	$810.00M	-$862.00M	$574.00M	$1.36B	$1.48B	$1.19B
Interest expense	$93.00M	$87.00M	$90.00M	$88.00M	$167.00M	$192.00M	$76.00M	$73.00M	$74.00M	$75.00M
Pre-tax income	$1.13B	$1.14B	$556.00M	-$139.00M	$323.00M	-$1.10B	$528.00M	$1.32B	$1.42B	$1.12B
Income tax	$316.00M	$293.00M	$54.00M	$63.00M	$67.00M	-$437.00M	$177.00M	$319.00M	$576.00M	$448.00M
Net income	$816.00M	$844.00M	$502.00M	-$202.00M	$256.00M	-$665.00M	$351.00M	$1.00B	$848.00M	$676.00M
EPS, basic	$2.19	$2.24	$1.36	-$0.55	$0.68	-$1.78	$0.93	$2.61	$2.16	$1.69
EPS, diluted	$2.13	$2.20	$1.34	-$0.55	$0.67	-$1.78	$0.93	$2.59	$2.14	$1.69
Diluted shares	384.0M	384.0M	376.0M	367.0M	383.0M	374.0M	378.0M	388.0M	396.0M	400.0M

Balance sheet

Balance sheet
Line item	FY2025 Jan 31, 2026	FY2024 Feb 1, 2025	FY2023 Feb 3, 2024	FY2022 Jan 28, 2023	FY2021 Jan 29, 2022	FY2020 Jan 30, 2021	FY2019 Feb 1, 2020	FY2018 Feb 2, 2019	FY2017 Feb 3, 2018	FY2016 Jan 28, 2017
Cash and equivalents	$2.62B	$2.37B	$1.87B	$1.27B	$902.00M	$2.02B	$1.38B	$1.42B	$1.80B	$1.80B
Short-term investments	$386.00M	$253.00M	$0	-	$0	$410.00M	$290.00M	$288.00M	$0	-
Receivables	$316.00M	$301.00M	$289.00M	$340.00M	$399.00M	$363.00M	$316.00M	$321.00M	$282.00M	$335.00M
Current assets	$5.78B	$5.20B	$4.39B	$4.62B	$5.17B	$6.01B	$4.52B	$4.25B	$4.57B	$4.32B
Goodwill	$207.00M	$207.00M	$207.00M	$207.00M	$207.00M	$109.00M	$109.00M	$109.00M	$109.00M	$109.00M
Total assets	$12.63B	$11.88B	$11.04B	$11.39B	$12.76B	$13.77B	$13.68B	$8.05B	$7.99B	$7.61B
Current liabilities	$3.30B	$3.26B	$3.10B	$3.26B	$4.08B	$3.88B	$3.21B	$2.17B	$2.46B	$2.45B
Short-term debt	-	-	-	-	-	-	$0	-	$0	$65.00M
Long-term debt	$1.49B	$1.49B	$1.49B	$1.49B	$1.48B	$2.22B	$1.25B	$1.25B	$1.25B	$1.25B
Total debt	$1.49B	$1.49B	$1.49B	$1.49B	$1.48B	$2.22B	$1.25B	$1.25B	$1.25B	$1.31B
Shareholders' equity	$3.80B	$3.26B	$2.60B	$2.23B	$2.72B	$2.61B	$3.32B	$3.55B	$3.14B	$2.90B

Cash flow

Cash flow
Line item	FY2025 Jan 31, 2026	FY2024 Feb 1, 2025	FY2023 Feb 3, 2024	FY2022 Jan 28, 2023	FY2021 Jan 29, 2022	FY2020 Jan 30, 2021	FY2019 Feb 1, 2020	FY2018 Feb 2, 2019	FY2017 Feb 3, 2018	FY2016 Jan 28, 2017
Operating cash flow	$1.29B	$1.49B	$1.53B	$607.00M	$809.00M	$237.00M	$1.41B	$1.38B	$1.38B	$1.72B
Capital expenditures	$470.00M	$447.00M	$420.00M	$685.00M	$694.00M	$392.00M	$702.00M	$705.00M	$731.00M	$524.00M
Free cash flow	$823.00M	$1.04B	$1.11B	-$78.00M	$115.00M	-$155.00M	$709.00M	$676.00M	$649.00M	$1.20B
Investing cash flow	-$600.00M	-$692.00M	-$334.00M	-$227.00M	-$446.00M	-$510.00M	-$894.00M	-$1.00B	-$666.00M	-$529.00M
Financing cash flow	-$419.00M	-$321.00M	-$567.00M	$6.00M	-$1.47B	$895.00M	-$560.00M	-$749.00M	-$731.00M	-$777.00M
Dividends paid	$247.00M	$225.00M	$222.00M	$220.00M	$226.00M	$0	$364.00M	$373.00M	$361.00M	$367.00M
Share repurchases	$155.00M	$75.00M	$0	$123.00M	$201.00M	$0	$200.00M	$398.00M	$315.00M	$0
Stock-based compensation	$162.00M	$126.00M	$80.00M	$37.00M	$139.00M	$77.00M	$68.00M	$91.00M	$87.00M	$76.00M
Depreciation and amortization	$496.00M	$500.00M	$522.00M	$540.00M	$504.00M	$507.00M	$557.00M	$578.00M	$559.00M	$593.00M

Key ratios

Key ratios
Line item	FY2025 Jan 31, 2026	FY2024 Feb 1, 2025	FY2023 Feb 3, 2024	FY2022 Jan 28, 2023	FY2021 Jan 29, 2022	FY2020 Jan 30, 2021	FY2019 Feb 1, 2020	FY2018 Feb 2, 2019	FY2017 Feb 3, 2018	FY2016 Jan 28, 2017
Revenue growth, YoY	1.9%	1.3%	-4.7%	-6.3%	20.8%	-15.8%	-1.2%	4.6%	2.2%	-1.8%
Net income growth, YoY	-3.3%	68.1%	-	-	-	-	-65.0%	18.3%	25.4%	-26.5%
EPS growth, YoY	-3.2%	64.2%	-	-	-	-	-64.1%	21.0%	26.6%	-24.2%
Gross margin	40.8%	41.3%	38.8%	34.3%	39.8%	34.1%	37.4%	38.1%	38.3%	36.3%
Operating margin	7.3%	7.4%	3.8%	-0.4%	4.9%	-6.2%	3.5%	8.2%	9.3%	7.7%
Net margin	5.3%	5.6%	3.4%	-1.3%	1.5%	-4.8%	2.1%	6.0%	5.3%	4.4%
Free cash flow margin	5.4%	6.9%	7.5%	-0.5%	0.7%	-1.1%	4.3%	4.1%	4.1%	7.7%
Return on equity	21.5%	25.9%	19.3%	-9.0%	9.4%	-25.4%	10.6%	28.2%	27.0%	23.3%
Return on assets	6.5%	7.1%	4.5%	-1.8%	2.0%	-4.8%	2.6%	12.5%	10.6%	8.9%
Current ratio	1.75	1.60	1.42	1.42	1.27	1.55	1.41	1.96	1.86	1.76
Debt to equity	0.39	0.46	0.57	0.67	0.55	0.85	0.38	0.35	0.40	0.45

Income statement

Income statement
Line item	Q2 2026 Aug 1, 2026	Q1 2026 May 2, 2026	Q4 2025* Jan 31, 2026	Q3 2025 Nov 1, 2025	Q2 2025 Aug 2, 2025	Q1 2025 May 3, 2025	Q4 2024* Feb 1, 2025	Q3 2024 Nov 2, 2024	Q2 2024 Aug 3, 2024	Q1 2024 May 4, 2024	Q4 2023* Feb 3, 2024	Q3 2023 Oct 28, 2023
Revenue	$3.65B	$3.50B	$4.24B	$3.94B	$3.73B	$3.46B	$4.15B	$3.83B	$3.72B	$3.39B	$4.30B	$3.77B
Cost of revenue	$1.72B	$2.08B	$2.62B	$2.27B	$2.19B	$2.02B	$2.54B	$2.19B	$2.14B	$1.99B	$2.63B	$2.21B
Gross profit	$1.93B	$1.42B	$1.61B	$1.67B	$1.54B	$1.45B	$1.61B	$1.64B	$1.58B	$1.40B	$1.67B	$1.56B
Operating income	$676.00M	$445.00M	$229.00M	$334.00M	$292.00M	$260.00M	$259.00M	$355.00M	$293.00M	$205.00M	$214.00M	$250.00M
Interest expense	$24.00M	$22.00M	$24.00M	$23.00M	$23.00M	$23.00M	$19.00M	$23.00M	$24.00M	$21.00M	$24.00M	$28.00M
Pre-tax income	$680.00M	$450.00M	$236.00M	$337.00M	$296.00M	$263.00M	$272.00M	$361.00M	$296.00M	$208.00M	$218.00M	$250.00M
Income tax	$179.00M	$111.00M	$65.00M	$101.00M	$80.00M	$70.00M	$66.00M	$87.00M	$90.00M	$50.00M	$33.00M	$32.00M
Net income	$501.00M	$339.00M	$171.00M	$236.00M	$216.00M	$193.00M	$206.00M	$274.00M	$206.00M	$158.00M	$185.00M	$218.00M
EPS, basic	$1.41	$0.92	$0.47	$0.63	$0.58	$0.51	$0.54	$0.73	$0.55	$0.42	$0.50	$0.59
EPS, diluted	$1.38	$0.90	$0.43	$0.62	$0.57	$0.51	$0.53	$0.72	$0.54	$0.41	$0.49	$0.58
Diluted shares	362.0M	378.0M	-	380.0M	379.0M	382.0M	-	383.0M	383.0M	383.0M	-	375.0M

Balance sheet

Balance sheet
Line item	Q2 2026 Aug 1, 2026	Q1 2026 May 2, 2026	Q4 2025* Jan 31, 2026	Q3 2025 Nov 1, 2025	Q2 2025 Aug 2, 2025	Q1 2025 May 3, 2025	Q4 2024* Feb 1, 2025	Q3 2024 Nov 2, 2024	Q2 2024 Aug 3, 2024	Q1 2024 May 4, 2024	Q4 2023* Feb 3, 2024	Q3 2023 Oct 28, 2023
Cash and equivalents	$2.10B	$2.16B	$2.62B	$2.26B	$2.19B	$1.98B	$2.37B	$1.97B	$1.90B	$1.53B	$1.87B	$1.35B
Short-term investments	$382.00M	$399.00M	$386.00M	$255.00M	$238.00M	$244.00M	$253.00M	$250.00M	$246.00M	$199.00M	$0	$0
Receivables	-	-	$316.00M	-	-	-	$301.00M	-	-	-	$289.00M	-
Current assets	$5.87B	$5.24B	$5.78B	$5.64B	$5.38B	$4.88B	$5.20B	$5.13B	$4.81B	$4.20B	$4.39B	$4.37B
Goodwill	-	-	$207.00M	-	-	-	$207.00M	-	-	-	$207.00M	-
Total assets	$12.86B	$12.14B	$12.63B	$12.37B	$12.15B	$11.56B	$11.88B	$11.85B	$11.51B	$10.91B	$11.04B	$11.05B
Current liabilities	$3.22B	$2.90B	$3.30B	$3.28B	$3.20B	$2.85B	$3.26B	$3.33B	$3.22B	$2.81B	$3.10B	$3.14B
Long-term debt	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B
Total debt	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B
Shareholders' equity	$3.95B	$3.65B	$3.80B	$3.65B	$3.43B	$3.32B	$3.26B	$3.13B	$2.90B	$2.71B	$2.60B	$2.46B

Cash flow

Cash flow
Line item	Q2 2026 Aug 1, 2026	Q1 2026 May 2, 2026	Q4 2025* Jan 31, 2026	Q3 2025 Nov 1, 2025	Q2 2025 Aug 2, 2025	Q1 2025 May 3, 2025	Q4 2024* Feb 1, 2025	Q3 2024 Nov 2, 2024	Q2 2024 Aug 3, 2024	Q1 2024 May 4, 2024	Q4 2023* Feb 3, 2024	Q3 2023 Oct 28, 2023
Operating cash flow	$337.00M	$213.00M	$686.00M	$299.00M	$448.00M	-$140.00M	$616.00M	$291.00M	$549.00M	$30.00M	$700.00M	$304.00M
Capital expenditures	$154.00M	$135.00M	$143.00M	$146.00M	$98.00M	$83.00M	$117.00M	$148.00M	$89.00M	$93.00M	$132.00M	$89.00M
Free cash flow	$183.00M	$78.00M	$543.00M	$153.00M	$350.00M	-$223.00M	$499.00M	$143.00M	$460.00M	-$63.00M	$568.00M	$215.00M
Investing cash flow	-$136.00M	-$149.00M	-$273.00M	-$163.00M	-$91.00M	-$73.00M	-$116.00M	-$151.00M	-$134.00M	-$291.00M	-$131.00M	-$91.00M
Financing cash flow	-$258.00M	-$519.00M	-$61.00M	-$66.00M	-$139.00M	-$153.00M	-$128.00M	-$69.00M	-$47.00M	-$77.00M	-$51.00M	-$207.00M
Dividends paid	$62.00M	$63.00M	$62.00M	$62.00M	$62.00M	$61.00M	$56.00M	$57.00M	$56.00M	$56.00M	$56.00M	$55.00M
Share repurchases	$200.00M	$401.00M	$3.00M	$0	$82.00M	$70.00M	$75.00M	$0	$0	$0	$0	$0
Stock-based compensation	$45.00M	$40.00M	$54.00M	$37.00M	$34.00M	$37.00M	$41.00M	$27.00M	$31.00M	$27.00M	$16.00M	$20.00M
Depreciation and amortization	$131.00M	$128.00M	$128.00M	$125.00M	$122.00M	$121.00M	$129.00M	$124.00M	$123.00M	$124.00M	$128.00M	$127.00M

Key ratios

Key ratios
Line item	Q2 2026 Aug 1, 2026	Q1 2026 May 2, 2026	Q4 2025* Jan 31, 2026	Q3 2025 Nov 1, 2025	Q2 2025 Aug 2, 2025	Q1 2025 May 3, 2025	Q4 2024* Feb 1, 2025	Q3 2024 Nov 2, 2024	Q2 2024 Aug 3, 2024	Q1 2024 May 4, 2024	Q4 2023* Feb 3, 2024	Q3 2023 Oct 28, 2023
Revenue growth, YoY	-2.0%	1.0%	2.1%	3.0%	0.1%	2.2%	-3.5%	1.6%	4.8%	3.4%	1.3%	-6.7%
Net income growth, YoY	131.9%	75.6%	-17.0%	-13.9%	4.9%	22.2%	11.4%	25.7%	76.1%	-	-	-22.7%
EPS growth, YoY	142.1%	76.5%	-18.9%	-13.9%	5.6%	24.4%	8.2%	24.1%	68.8%	-	-	-24.7%
Gross margin	52.8%	40.5%	38.1%	42.4%	41.2%	41.8%	38.9%	42.7%	42.6%	41.2%	38.9%	41.3%
Operating margin	18.5%	12.7%	5.4%	8.5%	7.8%	7.5%	6.2%	9.3%	7.9%	6.1%	5.0%	6.6%
Net margin	13.7%	9.7%	4.0%	6.0%	5.8%	5.6%	5.0%	7.2%	5.5%	4.7%	4.3%	5.8%
Free cash flow margin	5.0%	2.2%	12.8%	3.9%	9.4%	-6.4%	12.0%	3.7%	12.4%	-1.9%	13.2%	5.7%
Current ratio	1.82	1.81	1.75	1.72	1.68	1.71	1.60	1.54	1.49	1.50	1.42	1.39
Debt to equity	0.38	0.41	0.39	0.41	0.43	0.45	0.46	0.47	0.51	0.55	0.57	0.60

Source: XBRL data Gap Inc. files with the SEC, latest filing dated Aug 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

GAP peers

Company	Revenue	Growth	Net income	Net margin	Market cap
GAP	$15.33B	+1.1%	$1.25B	8.1%	$7.54B
TJXTJX Companies Inc.	$62.36B	+7.7%	$6.07B	9.7%	$148.83B
ROSTRoss Stores Inc.	$24.51B	+14.0%	$2.66B	10.8%	$73.82B
VSXYVictorias Secret & Co.	$6.91B	+10.3%	$378.00M	5.5%	$8.62B
URBNUrban Outfitters Inc.	$6.47B	+11.0%	$569.06M	8.8%	$7.26B
ANFAbercrombie & Fitch Company	$5.34B	+4.7%	$535.98M	10.0%	$6.35B
BOOTBoot Barn Holdings Inc.	$2.42B	+16.8%	$252.86M	10.4%	$3.92B
AEOAmerican Eagle Outfitters Inc.	$5.75B	+9.2%	$336.86M	5.9%	$3.34B
BKEBuckle Inc.	$1.33B	+6.2%	$220.84M	16.6%	$2.16B

GAP FAQ

9 questions

What is GAP revenue?
Gap Inc. (GAP) reported $15.33B of revenue for the twelve months ended Aug 1, 2026. That is up 1.1% from the year before. Revenue for fiscal 2025 was $15.37B.
Is GAP profitable?
Yes. Gap Inc. earned $1.25B in net income for the twelve months ended Aug 1, 2026, a net margin of 8.1%.
How much cash and debt does GAP have?
Gap Inc. reported $2.10B in cash and cash equivalents and $1.49B of debt on its most recent balance sheet in SEC filings.
How fast is GAP revenue growing?
Gap Inc.'s revenue changed +1.9% in fiscal 2025, to $15.37B. Its compound annual growth rate was +2.2% over 5 years and -0.3% over 10 years.
What is GAP gross margin?
Gap Inc.'s gross profit was $6.63B on $15.33B of revenue for the twelve months ended Aug 1, 2026, a gross margin of 43.3%.
What is GAP free cash flow?
Gap Inc. generated $957.00M of free cash flow for the twelve months ended Aug 1, 2026, which is operating cash flow of $1.53B less capital expenditures.
What is GAP earnings per share?
Diluted earnings per share were $3.33 for the twelve months ended Aug 1, 2026, from SEC filings, restated for any stock split those filings show.
When did GAP last report financial results?
The latest statements here come from Gap Inc.'s 10-Q filed on Aug 28, 2026, covering the period ended Aug 1, 2026.
Where does this GAP financial data come from?
Quantisnow builds these statements from the structured XBRL data Gap Inc. files with the SEC. It is provided for information only and is not investment advice.