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Gap Inc. (GAP)

NYSE Consumer Discretionary Apparel Retail S&P MidCap 400
$21.48
-0.93 (-4.15%)
Close of Nov 06, 2026 · end-of-day data
Source: Gap Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue$15.52B$15.86B$16.58B$16.38B$13.80B$16.67B$15.62B$14.89B$15.09B$15.37B
Cost of revenue—$9.79B$10.26B$10.25B$9.10B$10.03B$10.26B$9.11B$8.86B$9.10B
Gross profit$5.64B$6.07B$6.32B$6.13B$4.71B$6.64B$5.36B$5.78B$6.23B$6.27B
Research & development$46.00M$51.00M$50.00M$41.00M$46.00M$41.00M$46.00M$37.00M$40.00M$60.00M
Operating income$1.19B$1.48B$1.36B$574.00M-$862.00M$810.00M-$69.00M$560.00M$1.11B$1.11B
Interest expense$75.00M$74.00M$73.00M$76.00M$192.00M$167.00M$88.00M$90.00M$87.00M$93.00M
Pre-tax income$1.12B$1.42B$1.32B$528.00M-$1.10B$323.00M-$139.00M$556.00M$1.14B$1.13B
Income tax$448.00M$576.00M$319.00M$177.00M-$437.00M$67.00M$63.00M$54.00M$293.00M$316.00M
Net income$676.00M$848.00M$1.00B$351.00M-$665.00M$256.00M-$202.00M$502.00M$844.00M$816.00M
EBITDA$1.78B$2.04B$1.94B$1.13B-$355.00M$1.31B$471.00M$1.08B$1.61B$1.61B
EPS (basic)$1.69$2.16$2.61$0.93$-1.78$0.68$-0.55$1.36$2.24$2.19
EPS (diluted)$1.69$2.14$2.59$0.93$-1.78$0.67$-0.55$1.34$2.20$2.13
Diluted shares400.00M396.00M388.00M378.00M374.00M383.00M367.00M376.00M384.00M384.00M
Gross margin36.3%38.3%38.1%37.4%34.1%39.8%34.3%38.8%41.3%40.8%
Operating margin7.7%9.3%8.2%3.5%-6.2%4.9%-0.4%3.8%7.4%7.3%
Net margin4.4%5.3%6.0%2.1%-4.8%1.5%-1.3%3.4%5.6%5.3%

Balance sheet

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash & equivalents$1.78B$1.78B$1.08B$1.36B$1.99B$877.00M$1.22B$1.87B$2.33B$2.62B
Short-term investments—$0$288.00M$290.00M$410.00M$0—$0$253.00M$386.00M
Receivables$335.00M$282.00M$321.00M$316.00M$363.00M$399.00M$340.00M$289.00M$301.00M$316.00M
Total current assets$4.32B$4.57B$4.25B$4.52B$6.01B$5.17B$4.62B$4.39B$5.20B$5.78B
Goodwill$109.00M$109.00M$109.00M$109.00M$109.00M$207.00M$207.00M$207.00M$207.00M$207.00M
Total assets$7.61B$7.99B$8.05B$13.68B$13.77B$12.76B$11.39B$11.04B$11.88B$12.63B
Total current liabilities$2.45B$2.46B$2.17B$3.21B$3.88B$4.08B$3.26B$3.10B$3.26B$3.30B
Short-term debt$65.00M$0—$0——————
Long-term debt$1.25B$1.25B$1.25B$1.25B$2.22B$1.48B$1.49B$1.49B$1.49B$1.49B
Total debt$1.31B$1.25B$1.25B$1.25B$2.22B$1.48B$1.49B$1.49B$1.49B$1.49B
Total liabilities$4.71B$4.84B$4.50B$10.36B$11.15B$10.04B$9.15B$8.45B$8.62B$8.83B
Shareholders' equity$2.90B$3.14B$3.55B$3.32B$2.61B$2.72B$2.23B$2.60B$3.26B$3.80B

Cash flow

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow$1.72B$1.38B$1.38B$1.41B$237.00M$809.00M$607.00M$1.53B$1.49B$1.29B
Capital expenditures$524.00M$731.00M$705.00M$702.00M$392.00M$694.00M$685.00M$420.00M$447.00M$470.00M
Free cash flow$1.20B$649.00M$676.00M$709.00M-$155.00M$115.00M-$78.00M$1.11B$1.04B$823.00M
Investing cash flow-$529.00M-$666.00M-$1.00B-$894.00M-$510.00M-$446.00M-$227.00M-$334.00M-$692.00M-$600.00M
Financing cash flow-$777.00M-$731.00M-$749.00M-$560.00M$895.00M-$1.47B$6.00M-$567.00M-$321.00M-$419.00M
Dividends paid$367.00M$361.00M$373.00M$364.00M$0$226.00M$220.00M$222.00M$225.00M$247.00M
Share buybacks$0$315.00M$398.00M$200.00M$0$201.00M$123.00M$0$75.00M$155.00M
Stock-based compensation$76.00M$87.00M$91.00M$68.00M$77.00M$139.00M$37.00M$80.00M$126.00M$162.00M
Depreciation & amortization$593.00M$559.00M$578.00M$557.00M$507.00M$504.00M$540.00M$522.00M$500.00M$496.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.