Gap Quarterly Income Statement
NYSE: GAPConsumer DiscretionaryClothing/Shoe/Accessory StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Gap revenue and earnings
In the quarter ended Aug 1, 2026, Gap generated $3.65 billion in revenue, down 2.0% from the same quarter a year earlier. Net income was $501.0 million (+131.9% year over year), for a net margin of 13.7% versus a median of 5.8% in the prior 5 quarters. Gross margin was 52.8% (up from 41.2%) and operating margin 18.5%.
Diluted earnings per share came in at $1.38, up from $0.57.
Summary generated from market data by MetaCap's automated system. Methodology
Gap income statement (quarterly)
| Quarter (USD) | Q2 20262026-08-01 | Q1 20262026-05-02 | Q4 20252026-01-31 | Q3 20252025-11-01 | Q2 20252025-08-02 | Q1 20252025-05-03 | Q4 20242025-02-01 | Q3 20242024-11-02 | Q2 20242024-08-03 | Q1 20242024-05-04 | Q4 20232024-02-03 | Q3 20232023-10-28 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.65B | 3.50B | 4.24B | 3.94B | 3.73B | 3.46B | 4.15B | 3.83B | 3.72B | 3.39B | 4.30B | 3.77B |
| Revenue growth (YoY) | -1.99% | +0.98% | +2.10% | +2.95% | +0.13% | +2.21% | -3.47% | +1.65% | +4.85% | +3.42% | +1.30% | -6.73% |
| Cost of Revenue | 1.72B | 2.08B | 2.62B | 2.27B | 2.19B | 2.02B | 2.54B | 2.19B | 2.14B | 1.99B | 2.63B | 2.21B |
| Gross Profit | 1.93B | 1.42B | 1.61B | 1.67B | 1.54B | 1.45B | 1.61B | 1.64B | 1.58B | 1.40B | 1.67B | 1.56B |
| Operating Expenses | 1.25B | 972.00M | 1.39B | 1.34B | 1.24B | 1.19B | 1.35B | 1.28B | 1.29B | 1.19B | 1.46B | 1.31B |
| Operating Income | 676.00M | 445.00M | 229.00M | 334.00M | 292.00M | 260.00M | 259.00M | 355.00M | 293.00M | 205.00M | 214.00M | 250.00M |
| Interest Expense | 24.00M | 22.00M | 24.00M | 23.00M | 23.00M | 23.00M | 19.00M | 23.00M | 24.00M | 21.00M | 24.00M | 28.00M |
| Pretax Income | 680.00M | 450.00M | 236.00M | 337.00M | 296.00M | 263.00M | 272.00M | 361.00M | 296.00M | 208.00M | 218.00M | 250.00M |
| Income Tax | 179.00M | 111.00M | 65.00M | 101.00M | 80.00M | 70.00M | 66.00M | 87.00M | 90.00M | 50.00M | 33.00M | 32.00M |
| Net Income | 501.00M | 339.00M | 171.00M | 236.00M | 216.00M | 193.00M | 206.00M | 274.00M | 206.00M | 158.00M | 185.00M | 218.00M |
| Net Income growth (YoY) | +131.94% | +75.65% | -16.99% | -13.87% | +4.85% | +22.15% | +11.35% | +25.69% | +76.07% | — | — | -22.70% |
| EPS (Basic) | 1.41 | 0.92 | 0.47 | 0.63 | 0.58 | 0.51 | 0.54 | 0.73 | 0.55 | 0.42 | 0.50 | 0.59 |
| EPS (Diluted) | 1.38 | 0.90 | 0.43 | 0.62 | 0.57 | 0.51 | 0.53 | 0.72 | 0.54 | 0.41 | 0.49 | 0.58 |
| Shares Outstanding (Basic) | 355.00M | 367.00M | — | 372.00M | 373.00M | 375.00M | — | 377.00M | 376.00M | 374.00M | — | 371.00M |
| Shares Outstanding (Diluted) | 362.00M | 378.00M | — | 380.00M | 379.00M | 382.00M | — | 383.00M | 383.00M | 383.00M | — | 375.00M |
| EBITDA | 807.00M | 573.00M | 357.00M | 459.00M | 414.00M | 381.00M | 388.00M | 479.00M | 416.00M | 329.00M | 342.00M | 377.00M |
| Gross Margin | 52.83% | 40.52% | 38.10% | 42.36% | 41.23% | 41.81% | 38.85% | 42.70% | 42.55% | 41.23% | 38.90% | 41.31% |
| Operating Margin | 18.52% | 12.73% | 5.41% | 8.47% | 7.84% | 7.51% | 6.24% | 9.27% | 7.88% | 6.05% | 4.98% | 6.64% |
| Net Margin | 13.72% | 9.69% | 4.04% | 5.99% | 5.80% | 5.57% | 4.97% | 7.16% | 5.54% | 4.66% | 4.30% | 5.79% |
This table shows 12 quarterly periods of Gap's income statement, from Q2 2026 back to Q3 2023, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow GAP's reporting calendar. What is a income statement?