The Gap, Inc. (GPS) — Financial statements
Income statement, balance sheet, and cash flow for The Gap, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 15,366↑1.9% | 15,086↑1.3% | 14,889↓4.7% | 15,616↓6.3% | 16,670 | |
| Cost of Revenue | 9,098↑2.7% | 8,859↓2.8% | 9,114↓11.1% | 10,257↑2.2% | 10,033 | |
| Gross Profit | 6,268↑0.7% | 6,227↑7.8% | 5,775↑7.8% | 5,359↓19.3% | 6,637 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00↓100.0% | 37↓19.6% | 46↑12.2% | 41 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00↓100.0% | 882↓15.1% | 1,039↓6.8% | 1,115 | |
| SG&A Expenses | 0.00 | 0.00↓100.0% | 882↓15.1% | 1,039↓6.8% | 1,115 | |
| Other Expenses | 5,153↑0.7% | 5,115↑19.1% | 4,296↓1.1% | 4,343↓7.0% | 4,671 | |
| Operating Expenses | 5,153↑0.7% | 5,115↓1.9% | 5,215↓3.9% | 5,428↓6.8% | 5,827 | |
| Total Costs & Expenses | 14,251↑2.0% | 13,974↓2.5% | 14,329↓8.6% | 15,685↓1.1% | 15,860 | |
| Operating Results | ||||||
| Operating Income | 1,115↑0.3% | 1,112↑78.8% | 622↑1001.4% | -69↓108.5% | 810 | |
| Depreciation & Amortization | 0.00↓100.0% | 500↓4.2% | 522↓3.3% | 540↑7.1% | 504 | |
| EBITDA | 1,115↓35.3% | 1,724↑52.2% | 1,133↑131.7% | 489↓50.8% | 994 | |
| EBIT | 0.00↓100.0% | 1,224↑100.3% | 611↑1298.0% | -51↓110.4% | 490 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00↓100.0% | 25↑725.0% | -4↑94.3% | -70↑56.8% | -162 | |
| Interest Income | 0.00↓100.0% | 112↑30.2% | 86↑377.8% | 18↑260.0% | 5 | |
| Interest Expense | 0.00↓100.0% | 87↓3.3% | 90↑2.3% | 88↓47.3% | 167 | |
| Non-Operating Income | 0.00↑100.0% | -112↓366.7% | -24↓33.3% | -18↓105.6% | 320 | |
| Other Income / Expenses | 17↓32.0% | 25↑137.9% | -66↑5.7% | -70↑85.6% | -487 | |
| Income Before Tax | 1,132↓0.4% | 1,137↑104.5% | 556↑500.0% | -139↓143.0% | 323 | |
| Income Tax Expense | 316↑7.8% | 293↑442.6% | 54↓14.3% | 63↓6.0% | 67 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 816↓3.3% | 844↑68.1% | 502↑348.5% | -202↓178.9% | 256 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 816↓3.3% | 844↑68.1% | 502↑348.5% | -202↓178.9% | 256 | |
| Bottom-Line Net Income | 816↓3.3% | 844↑68.1% | 502↑348.5% | -202↓178.9% | 256 | |
| EPS (Basic) | 2.19↓2.2% | 2.24↑64.7% | 1.36↑347.3% | -0.55↓180.9% | 0.68 | |
| EPS (Diluted) | 2.13↓3.2% | 2.20↑64.2% | 1.34↑343.6% | -0.55↓182.1% | 0.67 | |
| Weighted Average Shares | 373↓0.8% | 376↑1.6% | 370↑0.8% | 367↓2.4% | 376 | |
| Weighted Average Diluted Shares | 384↑0.0% | 384↑2.1% | 376↑2.5% | 367↓4.2% | 383 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.