InsiderClue
Stocks · Consumer discretionary · Retail-Family Clothing Stores

GAP INC

GAP Clue Score48
United States Fiscal year ends February CIK 0000039911
$23.23 -0.56% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $23.23 +5.21% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue15.52Operating income1.19Net income0.68EPS, diluted1.69Fiscal year 2018Revenue15.86 +2.2%Operating income1.48Net income0.85 +25.4%EPS, diluted2.14 +26.6%Fiscal year 2019Revenue16.58 +4.6%Operating income1.36Net income1.00 +18.3%EPS, diluted2.59 +21.0%Fiscal year 2020Revenue16.38 −1.2%Operating income0.57Net income0.35 −65.0%EPS, diluted0.93 −64.1%Fiscal year 2021Revenue13.80 −15.8%Operating income−0.86Net income−0.67 −289.5%EPS, diluted−1.78 −291.4%Fiscal year 2022Revenue16.67 +20.8%Operating income0.81Net income0.26EPS, diluted0.67Fiscal year 2023Revenue15.62 −6.3%Operating income−0.07Net income−0.20 −178.9%EPS, diluted−0.55 −182.1%Fiscal year 2024Revenue14.89 −4.7%Operating income0.56Net income0.50EPS, diluted1.34Fiscal year 2025Revenue15.09 +1.3%Operating income1.11Net income0.84 +68.1%EPS, diluted2.20 +64.2%Fiscal year 2026Revenue15.37 +1.9%Operating income1.12Net income0.82 −3.3%EPS, diluted2.13 −3.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 15.52 15.86 16.58 16.38 13.80 16.67 15.62 14.89 15.09 15.37
Growth +2.2% +4.6% −1.2% −15.8% +20.8% −6.3% −4.7% +1.3% +1.9%
Operating income 1.19 1.48 1.36 0.57 −0.86 0.81 −0.07 0.56 1.11 1.12
Net income 0.68 0.85 1.00 0.35 −0.67 0.26 −0.20 0.50 0.84 0.82
Growth +25.4% +18.3% −65.0% −289.5% −178.9% +68.1% −3.3%
EPS, diluted 1.69 2.14 2.59 0.93 −1.78 0.67 −0.55 1.34 2.20 2.13
Growth +26.6% +21.0% −64.1% −291.4% −182.1% +64.2% −3.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin36.3%Operating margin7.7%Net margin4.4%Free cash flow margin7.7%Fiscal year 2018Gross margin38.3%Operating margin9.3%Net margin5.3%Free cash flow margin4.1%Fiscal year 2019Gross margin38.1%Operating margin8.2%Net margin6.0%Free cash flow margin4.1%Fiscal year 2020Gross margin37.4%Operating margin3.5%Net margin2.1%Free cash flow margin4.3%Fiscal year 2021Gross margin34.1%Operating margin−6.2%Net margin−4.8%Free cash flow margin−1.1%Fiscal year 2022Gross margin39.8%Operating margin4.9%Net margin1.5%Free cash flow margin0.7%Fiscal year 2023Gross margin34.3%Operating margin−0.4%Net margin−1.3%Free cash flow margin−0.5%Fiscal year 2024Gross margin38.8%Operating margin3.8%Net margin3.4%Free cash flow margin7.5%Fiscal year 2025Gross margin41.3%Operating margin7.4%Net margin5.6%Free cash flow margin6.9%Fiscal year 2026Gross margin40.8%Operating margin7.3%Net margin5.3%Free cash flow margin5.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 36.3% 38.3% 38.1% 37.4% 34.1% 39.8% 34.3% 38.8% 41.3% 40.8%
Operating margin 7.7% 9.3% 8.2% 3.5% −6.2% 4.9% −0.4% 3.8% 7.4% 7.3%
Net margin 4.4% 5.3% 6.0% 2.1% −4.8% 1.5% −1.3% 3.4% 5.6% 5.3%
Free cash flow margin 7.7% 4.1% 4.1% 4.3% −1.1% 0.7% −0.5% 7.5% 6.9% 5.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow1.72Capital expenditure−0.52Free cash flow1.20Buybacks0.00Dividends paid−0.37Fiscal year 2018Operating cash flow1.38Capital expenditure−0.73Free cash flow0.65 −45.7%Buybacks−0.32Dividends paid−0.36Fiscal year 2019Operating cash flow1.38Capital expenditure−0.71Free cash flow0.68 +4.2%Buybacks−0.40Dividends paid−0.37Fiscal year 2020Operating cash flow1.41Capital expenditure−0.70Free cash flow0.71 +4.9%Buybacks−0.20Dividends paid−0.36Fiscal year 2021Operating cash flow0.24Capital expenditure−0.39Free cash flow−0.16 −121.9%Buybacks0.00Dividends paid0.00Fiscal year 2022Operating cash flow0.81Capital expenditure−0.69Free cash flow0.12Buybacks−0.20Dividends paid−0.23Fiscal year 2023Operating cash flow0.61Capital expenditure−0.69Free cash flow−0.08 −167.8%Buybacks−0.12Dividends paid−0.22Fiscal year 2024Operating cash flow1.53Capital expenditure−0.42Free cash flow1.11Buybacks0.00Dividends paid−0.22Fiscal year 2025Operating cash flow1.49Capital expenditure−0.45Free cash flow1.04 −6.6%Buybacks−0.08Dividends paid−0.23Fiscal year 2026Operating cash flow1.29Capital expenditure−0.47Free cash flow0.82 −20.8%Buybacks−0.16Dividends paid−0.25
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 1.72 1.38 1.38 1.41 0.24 0.81 0.61 1.53 1.49 1.29
Capital expenditure −0.52 −0.73 −0.71 −0.70 −0.39 −0.69 −0.69 −0.42 −0.45 −0.47
Free cash flow 1.20 0.65 0.68 0.71 −0.16 0.12 −0.08 1.11 1.04 0.82
Growth −45.7% +4.2% +4.9% −121.9% −167.8% −6.6% −20.8%
Buybacks 0.00 −0.32 −0.40 −0.20 0.00 −0.20 −0.12 0.00 −0.08 −0.16
Dividends paid −0.37 −0.36 −0.37 −0.36 0.00 −0.23 −0.22 −0.22 −0.23 −0.25

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash1.78Total debt1.31Net cash (debt)0.47Shareholders’ equity2.90Debt to equity0.45Fiscal year 2018Cash1.78Total debt1.25Net cash (debt)0.53Shareholders’ equity3.14Debt to equity0.40Fiscal year 2019Cash1.08Total debt1.25Net cash (debt)−0.17Shareholders’ equity3.55Debt to equity0.35Fiscal year 2020Cash1.36Total debt1.25Net cash (debt)0.12Shareholders’ equity3.32Debt to equity0.38Fiscal year 2021Cash1.99Total debt2.22Net cash (debt)−0.23Shareholders’ equity2.61Debt to equity0.85Fiscal year 2022Cash0.88Total debt1.48Net cash (debt)−0.61Shareholders’ equity2.72Debt to equity0.55Fiscal year 2023Cash1.22Total debt1.49Net cash (debt)−0.27Shareholders’ equity2.23Debt to equity0.67Fiscal year 2024Cash1.87Total debt1.49Net cash (debt)0.39Shareholders’ equity2.60Debt to equity0.57Fiscal year 2025Cash2.34Total debt1.49Net cash (debt)0.85Shareholders’ equity3.26Debt to equity0.46Fiscal year 2026Cash2.62Total debt1.49Net cash (debt)1.12Shareholders’ equity3.80Debt to equity0.39
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 1.78 1.78 1.08 1.36 1.99 0.88 1.22 1.87 2.34 2.62
Total debt 1.31 1.25 1.25 1.25 2.22 1.48 1.49 1.49 1.49 1.49
Net cash (debt) 0.47 0.53 −0.17 0.12 −0.23 −0.61 −0.27 0.39 0.85 1.12
Shareholders’ equity 2.90 3.14 3.55 3.32 2.61 2.72 2.23 2.60 3.26 3.80
Debt to equity 0.45 0.40 0.35 0.38 0.85 0.55 0.67 0.57 0.46 0.39

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 28 Jan 2017 FY2018 3 Feb 2018 FY2019 2 Feb 2019 FY2020 1 Feb 2020 FY2021 30 Jan 2021 FY2022 29 Jan 2022 FY2023 28 Jan 2023 FY2024 3 Feb 2024 FY2025 1 Feb 2025 FY2026 31 Jan 2026
Assets
1.78 1.78 1.08 1.36 1.99 0.88 1.22 1.87 2.34 2.62
0.34 0.28 0.32 0.32 0.36 0.40 0.34 0.29 0.30 0.32
2.62 2.81 2.91 3.12 2.84 3.04 2.69 2.57 2.50 2.51
0.11 0.11 0.11 0.11 0.11 0.21 0.21 0.21 0.21 0.21
7.61 7.99 8.05 13.68 13.77 12.76 11.39 11.04 11.89 12.63
Growth +5.0% +0.8% +69.9% +0.7% −7.3% −10.8% −3.0% +7.6% +6.3%
Liabilities
0.07 0.00 n/a n/a n/a n/a n/a n/a n/a n/a
1.25 1.25 1.25 1.25 2.22 1.48 1.49 1.49 1.49 1.49
calc 1.31 1.25 1.25 1.25 2.22 1.48 1.49 1.49 1.49 1.49
Equity
2.75 3.08 3.48 3.26 2.50 2.62 2.14 2.42 3.04 3.61
2.90 3.14 3.55 3.32 2.61 2.72 2.23 2.60 3.26 3.80
Growth +8.3% +13.0% −6.7% −21.2% +4.1% −18.0% +16.2% +25.8% +16.5%
Per share and net cash
calc 0.47 0.53 −0.17 0.12 −0.23 −0.61 −0.27 0.39 0.85 1.12
399.0 389.0 378.0 371.0 374.0 371.0 366.0 372.0 374.0 372.0
calc 7.28 8.08 9.40 8.94 6.99 7.34 6.10 6.98 8.73 10.22

Lines marked calc are worked out here from filed figures; point at one for how.