GPS · Gap Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $3.94B | $3.73B | $3.46B | $3.83B | $3.72B | $3.39B | $3.77B | $3.55B | $3.28B |
| Cost of Revenue | - | $2.27B | $2.19B | $2.02B | $2.19B | $2.14B | $1.99B | $2.21B | $2.21B | $2.06B |
| Gross Profit | - | $1.67B | $1.54B | $1.45B | $1.64B | $1.58B | $1.40B | $1.56B | $1.33B | $1.21B |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | $1.34B | $1.24B | $1.19B | $1.28B | $1.29B | $1.19B | $1.31B | $1.23B | $1.22B |
| D&A | - | - | - | $121.00M | - | - | $124.00M | - | - | $137.00M |
| Operating Income | - | $334.00M | $292.00M | $260.00M | $355.00M | $293.00M | $205.00M | $250.00M | $106.00M | ($10.00M) |
| Interest Expense | - | $23.00M | $23.00M | $23.00M | $23.00M | $24.00M | $21.00M | $28.00M | $15.00M | $23.00M |
| Income Tax | - | $101.00M | $80.00M | $70.00M | $87.00M | $90.00M | $50.00M | $32.00M | ($9.00M) | ($2.00M) |
| Net Income | - | $236.00M | $216.00M | $193.00M | $274.00M | $206.00M | $158.00M | $218.00M | $117.00M | ($18.00M) |
| EPS - Basic | - | $0.63 | $0.58 | $0.51 | $0.73 | $0.55 | $0.42 | $0.59 | $0.32 | ($0.05) |
| EPS - Diluted | - | $0.62 | $0.57 | $0.51 | $0.72 | $0.54 | $0.41 | $0.58 | $0.32 | ($0.05) |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.62B | $2.26B | $2.19B | $1.98B | $1.97B | $1.90B | $1.53B | $1.35B | $1.35B | $1.17B |
| Accounts Receivable | $316.00M | - | - | $301.00M | - | - | $289.00M | - | - | $340.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.57B | $1.54B | $1.66B | $1.29B | $1.52B | $1.52B | $1.20B | $1.43B | $1.41B | $1.20B |
| Current Assets | $5.78B | $5.64B | $5.38B | $4.88B | $5.13B | $4.81B | $4.20B | $4.37B | $4.24B | $4.28B |
| Total Assets | $12.63B | $12.37B | $12.15B | $11.56B | $11.85B | $11.51B | $10.91B | $11.05B | $10.85B | $10.93B |
| Current Liabilities | $3.30B | $3.28B | $3.20B | $2.85B | $3.33B | $3.22B | $2.81B | $3.14B | $3.01B | $2.92B |
| Long-term Debt | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $3.80B | $3.65B | $3.43B | $3.32B | $3.13B | $2.90B | $2.71B | $2.46B | $2.26B | $2.19B |
| Retained Earnings | $3.61B | $3.50B | $3.33B | $3.17B | $2.89B | $2.67B | $2.52B | $2.29B | $2.13B | $2.07B |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($140.00M) | - | - | $30.00M | - | - | $15.00M |
| Investing Cash Flow | - | - | - | ($73.00M) | - | - | ($291.00M) | - | - | ($30.00M) |
| Financing Cash Flow | - | - | - | ($153.00M) | - | - | ($77.00M) | - | - | ($58.00M) |
| CapEx | - | - | - | $83.00M | - | - | $93.00M | - | - | $117.00M |
| Free Cash Flow | - | - | - | ($223.00M) | - | - | ($63.00M) | - | - | ($102.00M) |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 42.4% | 41.2% | 41.8% | 42.7% | 42.6% | 41.2% | 41.3% | 37.6% | 37.1% |
| Operating margin | - | 8.5% | 7.8% | 7.5% | 9.3% | 7.9% | 6.1% | 6.6% | 3.0% | -0.3% |
| EBITDA margin | - | - | - | 11.0% | - | - | 9.7% | - | - | 3.9% |
| Net margin | - | 6.0% | 5.8% | 5.6% | 7.2% | 5.5% | 4.7% | 5.8% | 3.3% | -0.5% |
| Free cash flow margin | - | - | - | -6.4% | - | - | -1.9% | - | - | -3.1% |
| FCF / Net income | - | - | - | -1.16 | - | - | -0.40 | - | - | 5.67 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | 30.0% | 27.0% | 26.6% | 24.1% | 30.4% | 24.0% | 12.8% | -8.3% | - |
| Return on assets | - | 1.9% | 1.8% | 1.7% | 2.3% | 1.8% | 1.4% | 2.0% | 1.1% | -0.2% |
| Return on equity | - | 6.5% | 6.3% | 5.8% | 8.7% | 7.1% | 5.8% | 8.9% | 5.2% | -0.8% |
| Return on invested capital | - | 4.6% | 4.3% | 4.0% | 5.8% | 4.6% | 3.7% | 5.5% | 2.8% | -0.2% |
| Liquidity | ||||||||||
| Current ratio | 1.75 | 1.72 | 1.68 | 1.71 | 1.54 | 1.49 | 1.50 | 1.39 | 1.41 | 1.47 |
| Quick ratio | 1.75 | 1.72 | 1.68 | 1.71 | 1.54 | 1.49 | 1.50 | 1.39 | 1.41 | 1.47 |
| Cash ratio | 0.79 | 0.69 | 0.69 | 0.69 | 0.59 | 0.59 | 0.55 | 0.43 | 0.45 | 0.40 |
| Leverage | ||||||||||
| Debt / Equity | 0.39 | 0.41 | 0.43 | 0.45 | 0.47 | 0.51 | 0.55 | 0.60 | 0.66 | 0.68 |
| Debt / Assets | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.13 | 0.14 | 0.14 |
| Debt / EBITDA | - | - | - | 3.91 | - | - | 4.53 | - | - | 11.71 |
| Interest coverage | - | 14.5x | 12.7x | 11.3x | 15.4x | 12.2x | 9.8x | 8.9x | 7.1x | -0.4x |
| Equity multiplier | 3.32 | 3.39 | 3.54 | 3.48 | 3.78 | 3.97 | 4.03 | 4.49 | 4.79 | 5.00 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | - | 0.32 | 0.31 | 0.30 | 0.32 | 0.32 | 0.31 | 0.34 | 0.33 | 0.30 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | 32d | - | - | 31d | - | - | 38d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | 248d | 276d | 234d | 253d | 260d | 219d | 237d | 232d | 212d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 3.0% | 0.1% | 2.2% | 1.6% | 4.8% | 3.4% | -6.7% | -8.0% | -5.8% |
| Revenue CAGR (3y) | - | -0.8% | -1.2% | -0.1% | -1.0% | -4.0% | -5.3% | -1.9% | 2.7% | 15.8% |
| Revenue CAGR (5y) | - | -0.3% | 2.6% | 10.4% | -0.9% | -1.5% | -1.8% | -1.6% | -2.8% | -2.8% |
| Gross profit growth (YoY) | - | 2.1% | -3.0% | 3.7% | 5.1% | 18.8% | 15.1% | 3.1% | 0.2% | 10.8% |
| Operating income growth (YoY) | - | -5.9% | -0.3% | 26.8% | 42.0% | 176.4% | - | 34.4% | - | 94.9% |
| Net income growth (YoY) | - | -13.9% | 4.9% | 22.2% | 25.7% | 76.1% | - | -22.7% | - | 88.9% |
| EPS growth (YoY) | - | -13.9% | 5.6% | 24.4% | 24.1% | 68.8% | - | -24.7% | - | 88.6% |
| EPS CAGR (3y) | - | -7.0% | - | - | - | -6.9% | -1.6% | 32.4% | - | - |
| EPS CAGR (5y) | - | 19.9% | - | - | 14.2% | 4.2% | -7.3% | -3.4% | -15.9% | - |
| FCF growth (YoY) | - | - | - | -254.0% | - | - | 38.2% | - | - | 82.7% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 14.5% | 16.3% | 18.3% | 22.7% | 27.4% | 28.2% | 23.9% | -4.3% | -1.8% | -11.0% |
Peer comparison
Same SIC group: Retail-Family Clothing Stores
Comparing GAP INC against the 5 most active filers in the same SIC group.