GAP INCGAPEarnings & Financial Report
The Gap, Inc., commonly known as Gap Inc., is an American multinational clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: the namesake Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is one of the largest apparel retailers in the United States, and is third in total international locations, behind Inditex Group and H&M. As of early 2023, Gap emplo...
Revenue
$3.4B
Gross Profit
$1.4B
Operating Profit
$205.0M
Net Profit
$158.0M
Gross Margin
41.2%
Operating Margin
6.1%
Net Margin
4.7%
YoY Growth
3.4%
EPS
$0.41
GAP INC Q1 FY2025 Financial Summary
GAP INC reported revenue of $3.4B (up 3.4% YoY) for Q1 FY2025, with a net profit of $158.0M (up 977.8% YoY) (4.7% margin). Cost of goods sold was $2.0B, operating expenses totaled $1.2B.
Key Financial Metrics
| Total Revenue | $3.4B |
|---|---|
| Net Profit | $158.0M |
| Gross Margin | 41.2% |
| Operating Margin | 6.1% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
GAP INC Q1 FY2025 revenue of $3.4B breaks down across 3 segments, led by Store And Franchise Sales at $2.1B (62.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Store And Franchise Sales | $2.1B | 62.2% |
| Online Sales | $1.3B | 37.8% |
| Other Regions | $9.0M | 0.3% |
GAP INC Revenue by Segment — Quarterly Trend
GAP INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Store And Franchise Sales and Online Sales) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Store And Franchise Sales | — | $2.4B | $2.5B | $2.5B |
| Online Sales | $1.6B | $1.3B | — | $1.7B |
| Other Regions | $13.0M | $15.0M | — | $15.0M |
GAP INC Annual Revenue by Year
GAP INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $15.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $15.1B |
| 2024 | $14.9B |
| 2023 | $15.6B |
| 2022 | $16.7B |
GAP INC Quarterly Revenue & Net Profit History
GAP INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $3.9B | +3.0% | $236.0M | 6.0% |
| Q2 FY2026 | $3.7B | +0.1% | $216.0M | 5.8% |
| Q1 FY2026 | $3.5B | +2.2% | $193.0M | 5.6% |
| Q4 FY2025 | $4.1B | -3.5% | $206.0M | 5.0% |
| Q3 FY2025 | $3.8B | +1.6% | $274.0M | 7.2% |
| Q2 FY2025 | $3.7B | +4.8% | $206.0M | 5.5% |
| Q1 FY2025 | $3.4B | +3.4% | $158.0M | 4.7% |
| Q4 FY2024 | $4.3B | +1.3% | $185.0M | 4.3% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.30B | $3.39B | $3.72B | $3.83B | $4.15B | $3.46B | $3.73B | $3.94B |
| YoY Growth | 1.3% | 3.4% | 4.8% | 1.6% | -3.5% | 2.2% | 0.1% | 3.0% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.04B | $10.91B | $11.51B | $11.85B | $11.88B | $11.56B | $12.15B | $12.37B |
| Liabilities | $8.45B | $8.20B | $8.61B | $8.72B | $8.62B | N/A | N/A | N/A |
| Equity | $2.60B | $2.71B | $2.90B | $3.13B | $3.26B | $3.32B | $3.43B | $3.65B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $700.0M | $30.0M | $549.0M | $291.0M | $616.0M | $-140.0M | $448.0M | $299.0M |