GAP
The Gap, Inc.
NYSE: GAP · CONSUMER CYCLICAL · APPAREL RETAIL
$24.59
+1.36% today
Updated 2026-04-30
Market cap
$8.86B
P/E ratio
11.39
P/S ratio
0.58x
EPS (TTM)
$2.13
Dividend yield
2.70%
52W range
$18 – $29
Volume
8.1M
The Gap, Inc. (GAP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.94B | $15.76B | $14.53B | $14.20B | $14.66B | $14.55B | $15.65B | $16.15B | $16.43B | $15.80B | $15.52B | $15.86B | $16.58B | $16.38B | $13.80B | $16.67B | $15.62B | $14.89B | $15.09B | $15.37B |
| Revenue growth (YoY) | — | -1.1% | -7.8% | -2.3% | +3.3% | -0.8% | +7.6% | +3.2% | +1.8% | -3.9% | -1.8% | +2.2% | +4.6% | -1.2% | -15.8% | +20.8% | -6.3% | -4.7% | +1.3% | +1.9% |
| Cost of revenue | $10.27B | $10.07B | $8.47B | $8.47B | $8.78B | $9.28B | $9.48B | $9.86B | $10.15B | $10.08B | $9.88B | $9.79B | $10.26B | $10.25B | $9.10B | $10.03B | $10.26B | $9.11B | $8.86B | $9.10B |
| Gross profit | $5.66B | $5.69B | $5.72B | $5.72B | $5.89B | $5.27B | $6.17B | $6.29B | $6.29B | $5.72B | $5.64B | $6.07B | $6.32B | $6.13B | $4.71B | $6.64B | $5.36B | $5.78B | $6.23B | $6.27B |
| Gross margin | 35.5% | 36.1% | 39.4% | 40.3% | 40.2% | 36.2% | 39.4% | 39.0% | 38.3% | 36.2% | 36.3% | 38.3% | 38.1% | 37.4% | 34.1% | 39.8% | 34.3% | 38.8% | 41.3% | 40.8% |
| R&D | — | — | — | — | — | — | — | — | — | — | $46.00M | $51.00M | $50.00M | $41.00M | $46.00M | $41.00M | $46.00M | $37.00M | $40.00M | — |
| SG&A | — | — | — | $744.00M | $738.00M | $770.00M | $884.00M | $880.00M | $3.59B | $3.52B | $3.55B | $3.90B | $4.21B | $4.39B | $4.14B | $4.70B | $4.33B | $4.22B | $4.29B | $1.10B |
| Operating income | $1.20B | $1.31B | $1.81B | $1.81B | $1.97B | $1.44B | $1.94B | $2.15B | $2.08B | $1.52B | $1.19B | $1.48B | $1.36B | $574.00M | $-862.00M | $810.00M | $-69.00M | $560.00M | $1.11B | $1.11B |
| Operating margin | 7.5% | 8.3% | 12.5% | 12.8% | 13.4% | 9.9% | 12.4% | 13.3% | 12.7% | 9.6% | 7.7% | 9.3% | 8.2% | 3.5% | -6.2% | 4.9% | -0.4% | 3.8% | 7.4% | 7.3% |
| EBITDA | $1.75B | $1.86B | $2.48B | $2.49B | $2.62B | $2.04B | $2.51B | $2.70B | $2.65B | $2.14B | $1.79B | $2.06B | $1.97B | $1.16B | $-403.00M | $994.00M | $489.43M | $1.17B | $1.72B | $1.61B |
| EBITDA margin | 11.0% | 11.8% | 17.1% | 17.5% | 17.8% | 14.0% | 16.0% | 16.7% | 16.1% | 13.5% | 11.5% | 13.0% | 11.9% | 7.1% | -2.9% | 6.0% | 3.1% | 7.8% | 11.4% | 10.5% |
| EBIT | $1.23B | $1.31B | $1.82B | $1.83B | $1.97B | $1.53B | $2.02B | $2.17B | $2.15B | $1.61B | $1.20B | $1.50B | $1.40B | $604.00M | $-910.00M | $490.00M | $-50.57M | $646.00M | $1.22B | $1.11B |
| Interest expense | — | — | $6.00M | $6.00M | $7.00M | $74.00M | $87.00M | $61.00M | $75.00M | $59.00M | $75.00M | $74.00M | $73.00M | $76.00M | $192.00M | $167.00M | $88.00M | $90.00M | $87.00M | $23.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $778.00M | $833.00M | $1.10B | $1.10B | $1.20B | $833.00M | $1.14B | $1.28B | $1.26B | $920.00M | $676.00M | $848.00M | $1.00B | $351.00M | $-665.00M | $256.00M | $-202.00M | $502.00M | $844.00M | $816.00M |
| Net income growth (YoY) | — | +7.1% | +32.3% | +0.0% | +9.3% | -30.8% | +36.3% | +12.8% | -1.4% | -27.1% | -26.5% | +25.4% | +18.3% | -65.0% | -289.5% | +138.5% | -178.9% | +348.5% | +68.1% | -3.3% |
| Profit margin | 4.9% | 5.3% | 7.6% | 7.8% | 8.2% | 5.7% | 7.3% | 7.9% | 7.7% | 5.8% | 4.4% | 5.3% | 6.0% | 2.1% | -4.8% | 1.5% | -1.3% | 3.4% | 5.6% | 5.3% |