Gap Cash Flow Statement
NYSE: GAPConsumer DiscretionaryClothing/Shoe/Accessory StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Gap free cash flow
In fiscal 2025, Gap generated $1.29 billion of operating cash flow and spent $470.0 million on capital expenditures. That left free cash flow of $823.0 million, a free-cash-flow margin of 5.4% of revenue. Free cash flow was down 20.8% from the prior year's $1.04 billion.
Gap returned $402.0 million to shareholders: $247.0 million in dividends and $155.0 million in share repurchases, equal to 49% of free cash flow. Free cash flow covered dividend payments 3.3 times.
Summary generated from market data by MetaCap's automated system. Methodology
Gap cash flow statement (annual)
| Fiscal year (USD) | FY 20252026-01-31 | FY 20242025-02-01 | FY 20232024-02-03 | FY 20222023-01-28 | FY 20212022-01-29 | FY 20202021-01-30 | FY 20192020-02-01 | FY 20182019-02-02 | FY 20172018-02-03 | FY 20162017-01-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 816.00M | 844.00M | 502.00M | -202.00M | 256.00M | -665.00M | 351.00M | 1.00B | 848.00M | 676.00M |
| Net Income growth (YoY) | -3.32% | +68.13% | — | -178.91% | — | -289.46% | -65.00% | +18.28% | +25.44% | -26.52% |
| Depreciation & Amortization | 496.00M | 500.00M | 522.00M | 540.00M | 504.00M | 507.00M | 557.00M | 578.00M | 559.00M | 593.00M |
| Stock-Based Compensation | 162.00M | 126.00M | 80.00M | 37.00M | 139.00M | 77.00M | 68.00M | 91.00M | 87.00M | 76.00M |
| Change in Working Capital | -74.00M | 143.00M | 233.00M | -622.00M | 316.00M | 614.00M | 281.00M | -292.00M | -23.00M | 276.00M |
| 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 |
| Investing Cash Flow | -600.00M | -692.00M | -334.00M | -227.00M | -446.00M | -510.00M | -894.00M | -1.00B | -666.00M | -529.00M |
| 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 |
| Debt Issued | — | — | 0 | 0 | 1.50B | 2.25B | 0 | 0 | — | — |
| Debt Repaid | — | — | 0 | 0 | -2.55B | -1.31B | 0 | 0 | — | -21.00M |
| Financing Cash Flow | -419.00M | -321.00M | -567.00M | 6.00M | -1.47B | 895.00M | -560.00M | -749.00M | -731.00M | -777.00M |
| Net Change in Cash | 279.00M | 464.00M | 628.00M | 371.00M | -1.11B | 635.00M | -39.00M | -379.00M | 2.00M | 413.00M |
| Free Cash Flow | 823.00M | 1.04B | 1.11B | -78.00M | 115.00M | -155.00M | 709.00M | 676.00M | 649.00M | 1.20B |
This table shows 10 annual periods of Gap's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow GAP's reporting calendar. What is a cash flow statement?