GAP
$23.12-1.45%
Gap Inc. (The)Stock · Consumer DiscretionaryRussell 1000 0.006%US Stock Market 0.006%Russell 3000 0.006%
GAP financial statements
The full income statement, balance sheet, and cash-flow statement for Gap Inc. (The) (GAP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-08 376.3M2024-11 377.1M2025-02 374.9M2025-05 373.1M2025-08 371.0M2025-11 371.9M2026-01 372.6M2026-05 360.0M2026-08 351.3M-6.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofJan 31 ’26 | as ofFeb 1 ’25 | as ofFeb 3 ’24 | as ofJan 28 ’23 | as ofJan 29 ’22 | |
| Revenue | 15.4B+1.9% | 15.1B+1.3% | 14.9B-4.7% | 15.6B-6.3% | 16.7B+20.8% | |
| 6.27B+0.7% | 6.23B+7.8% | 5.78B+7.8% | 5.36B-19.3% | 6.64B+41.1% | ||
| Cost of revenue | 9.10B+2.7% | 8.86B-2.8% | 9.11B-11.1% | 10.3B+2.2% | 10.0B+10.3% | |
| 5.15B+0.7% | 5.12B-1.9% | 5.21B-3.9% | 5.43B-6.8% | 5.83B+4.7% | ||
| Research & development | 60.0M+50.0% | 40.0M+8.1% | 37.0M-19.6% | 46.0M+12.2% | 41.0M-10.9% | |
| Restructuring | — | — | 93.0M | — | — | |
| Amortization of intangibles | 6.00M-25.0% | 8.00M-11.1% | 9.00M+0.0% | 9.00M+350.0% | 2.00M+0.0% | |
| Operating income | 1.11B+0.3% | 1.11B+98.6% | 560M+911.6% | -69.0M-108.5% | 810M+194.0% | |
| Interest expense | 93.0M+6.9% | 87.0M-3.3% | 90.0M+2.3% | 88.0M-47.3% | 167M-13.0% | |
| Interest & investment income | 110M-1.8% | 112M+30.2% | 86.0M+377.8% | 18.0M+260.0% | 5.00M-50.0% | |
| Pre-tax income | 1.13B-0.4% | 1.14B+104.5% | 556M+500.0% | -139M-143.0% | 323M+129.3% | |
| Income tax | 316M+7.8% | 293M+442.6% | 54.0M-14.3% | 63.0M-6.0% | 67.0M+115.3% | |
| Net income | 816M-3.3% | 844M+68.1% | 502M+348.5% | -202M-178.9% | 256M+138.5% | |
| $2.13-3.2% | $2.20+64.2% | $1.34+343.6% | -$0.55-182.1% | $0.67+137.6% | ||
| EPS (basic) | $2.19-2.2% | $2.24+64.7% | $1.36+347.3% | -$0.55-180.9% | $0.68+138.2% | |
| Weighted-avg shares (basic) | 373M-0.8% | 376M+1.6% | 370M+0.8% | 367M-2.4% | 376M+0.5% | |
| Weighted-avg shares (diluted) | 384M+0.0% | 384M+2.1% | 376M+2.5% | 367M-4.2% | 383M+2.4% | |
| Dividends per share | $0.66+10.0% | $0.60+0.0% | $0.60+0.0% | $0.60+66.7% | $0.36+48.5% | |
| Balance Sheet | as ofJan 31 ’26 | as ofFeb 1 ’25 | as ofFeb 3 ’24 | as ofJan 28 ’23 | as ofJan 29 ’22 | |
| 5.78B+11.0% | 5.20B+18.4% | 4.39B-4.8% | 4.62B-10.6% | 5.17B-14.0% | ||
| Cash & equivalents | 2.62B+12.0% | 2.33B+24.7% | 1.87B+54.2% | 1.22B+38.5% | 877M-55.9% | |
| Short-term investments | 386M+52.6% | 253M | 0.00 | — | 0.00-100.0% | |
| Accounts receivable | 316M+5.0% | 301M+4.2% | 289M-15.0% | 340M-14.8% | 399M+9.9% | |
| Other current assets | 568M+3.6% | 548M+4.0% | 527M-48.0% | 1.01B-20.2% | 1.27B+9.6% | |
| 12.6B+6.3% | 11.9B+7.6% | 11.0B-3.0% | 11.4B-10.8% | 12.8B-7.3% | ||
| Property, plant & equipment | 2.51B+0.4% | 2.50B-2.7% | 2.57B-4.5% | 2.69B-11.5% | 3.04B+6.9% | |
| Operating lease right-of-use | 3.44B+6.3% | 3.24B+4.0% | 3.12B-1.8% | 3.17B-13.7% | 3.67B-12.9% | |
| Goodwill | 207M+0.0% | 207M+0.0% | 207M+0.0% | 207M+0.0% | 207M+89.9% | |
| Intangible assets | 4.00M-60.0% | 10.0M-44.4% | 18.0M-33.3% | 27.0M-25.0% | 36.0M | |
| Other non-current assets | 905M-4.3% | 946M-2.3% | 968M+6.6% | 908M+2.7% | 884M+25.7% | |
| 3.30B+1.4% | 3.26B+5.2% | 3.10B-4.9% | 3.26B-20.1% | 4.08B+5.0% | ||
| Accounts payable | 1.57B+5.3% | 1.49B+10.3% | 1.35B+2.2% | 1.32B-32.3% | 1.95B+11.9% | |
| Accrued liabilities | 1.04B-3.6% | 1.08B-2.3% | 1.11B-9.1% | 1.22B-10.8% | 1.37B+7.1% | |
| Deferred revenue | 272M-0.4% | 273M-19.0% | 337M-4.8% | 354M+2.6% | 345M | |
| Current lease liability | 634M+0.3% | 632M+5.3% | 600M-10.0% | 667M-9.1% | 734M-11.7% | |
| Long-term debt | 1.49B+0.1% | 1.49B+0.1% | 1.49B+0.1% | 1.49B+0.1% | 1.48B-33.0% | |
| Non-current lease liability | 3.48B+3.9% | 3.35B+0.0% | 3.35B-4.7% | 3.52B-12.8% | 4.03B-12.6% | |
| Operating lease liability (total) | 4.12B+3.4% | 3.98B+0.8% | 3.95B-5.5% | 4.18B-12.2% | 4.77B-12.5% | |
| Finance lease liability (total) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other non-current liabilities | 144M-4.6% | 151M-8.5% | 165M+8.6% | 152M-7.9% | 165M+7.8% | |
| Total non-current liabilities | 5.53B+3.1% | 5.37B+0.2% | 5.35B-9.2% | 5.90B-1.1% | 5.96B-18.0% | |
| 3.80B+16.5% | 3.26B+25.8% | 2.60B+16.2% | 2.23B-18.0% | 2.72B+4.1% | ||
| Common stock | 19.0M+0.0% | 19.0M+0.0% | 19.0M+5.6% | 18.0M-5.3% | 19.0M+0.0% | |
| Additional paid-in capital | 136M-6.8% | 146M+29.2% | 113M+318.5% | 27.0M-37.2% | 43.0M-49.4% | |
| Retained earnings | 3.61B+18.7% | 3.04B+25.6% | 2.42B+13.1% | 2.14B-18.4% | 2.62B+4.8% | |
| Accumulated other comprehensive income | 38.0M-36.7% | 60.0M+39.5% | 43.0M-10.4% | 48.0M+26.3% | 38.0M+322.2% | |
| Total liabilities & equity | 12.6B+6.3% | 11.9B+7.6% | 11.0B-3.0% | 11.4B-10.8% | 12.8B-7.3% | |
| Common shares issued | 372M-0.5% | 374M+0.5% | 372M+1.6% | 366M-1.3% | 371M-0.8% | |
| Common shares outstanding | 372M-0.5% | 374M+0.5% | 372M+1.6% | 366M-1.3% | 371M-0.8% | |
| Shares outstanding (cover) | 373M-0.6% | 375M+0.4% | 374M+2.0% | 366M-1.0% | 370M-1.4% | |
| Cash Flow | as ofJan 31 ’26 | as ofFeb 1 ’25 | as ofFeb 3 ’24 | as ofJan 28 ’23 | as ofJan 29 ’22 | |
| 1.29B-13.0% | 1.49B-3.0% | 1.53B+152.4% | 607M-25.0% | 809M+241.4% | ||
| Depreciation & amortization | 496M-0.8% | 500M-4.2% | 522M-3.3% | 540M+7.1% | 504M-0.6% | |
| Intangible amortization | 6.00M-25.0% | 8.00M-11.1% | 9.00M+0.0% | 9.00M+350.0% | 2.00M+0.0% | |
| Share-based compensation | 162M+28.6% | 126M+57.5% | 80.0M+116.2% | 37.0M-73.4% | 139M+80.5% | |
| Deferred income taxes | 69.0M+155.6% | 27.0M+142.2% | -64.0M-252.4% | 42.0M+168.9% | -61.0M+55.5% | |
| Change in payables | 57.0M-58.4% | 137M+226.2% | 42.0M+107.8% | -540M-390.3% | 186M-67.0% | |
| -600M+13.3% | -692M-107.2% | -334M-47.1% | -227M+49.1% | -446M+12.5% | ||
| Capital expenditure | 470M+5.1% | 447M+6.4% | 420M-38.7% | 685M-1.3% | 694M+77.0% | |
| Free cash flow | 823M-20.8% | 1.04B-6.6% | 1.11B+1525.6% | -78.0M-167.8% | 115M+174.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 135M | |
| Sales/maturities of investments | 289M+78.4% | 162M | 0.00 | 0.00-100.0% | 1.16B+199.5% | |
| Proceeds from sale of PP&E | 0.00-100.0% | 7.00M-90.8% | 76.0M-83.4% | 458M | — | |
| Other investing activities | 0.00-100.0% | 5.00M+600.0% | -1.00M | 0.00-100.0% | 5.00M+350.0% | |
| -419M-30.5% | -321M+43.4% | -567M-9550.0% | 6.00M+100.4% | -1.47B-264.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 1.50B-33.3% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 2.55B+94.8% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 155M+106.7% | 75.0M | 0.00-100.0% | 123M-38.8% | 201M | |
| Dividends paid | 247M+9.8% | 225M+1.4% | 222M+0.9% | 220M-2.7% | 226M | |
| Other financing activities | 0.00+100.0% | -3.00M-50.0% | -2.00M+0.0% | -2.00M | 0.00 | |
| FX effect on cash | 5.00M+155.6% | -9.00M-200.0% | -3.00M+80.0% | -15.0M-150.0% | -6.00M-146.2% | |
| Net change in cash | 279M-39.9% | 464M-26.1% | 628M+69.3% | 371M+133.3% | -1.11B-275.4% | |
| Interest paid | 63.0M+0.0% | 63.0M-14.9% | 74.0M-2.6% | 76.0M-57.8% | 180M+24.1% | |
| Income taxes paid | 235M-0.8% | 237M+383.7% | 49.0M+112.6% | -388M-280.5% | 215M+975.0% | |
| Valuation Ratios | as ofJan 31 ’26 | as ofFeb 1 ’25 | as ofFeb 3 ’24 | as ofJan 28 ’23 | as ofJan 29 ’22 | |
| Market cap | 10.4B+14.6% | 9.08B+23.6% | 7.35B+52.5% | 4.82B-27.4% | 6.64B-12.4% | |
| P/E | 12.2×+10.9% | 11.0×-93.4% | 167.0×+90.6% | 87.6×+568.1% | 13.1× | |
| P/S | 0.7×+14.3% | 0.6×+20.3% | 0.5×+63.4% | 0.3×-24.3% | 0.4×-25.7% | |
| P/B | 2.9×-1.5% | 2.9×-3.0% | 3.0×+59.3% | 1.9×-21.3% | 2.4×-25.5% | |
| P/FCF | 13.4×+63.1% | 8.2×+28.8% | 6.4× | — | — | |
| Earnings yield | 8.2%-9.8% | 9.1%+1413.7% | 0.60%-47.5% | 1.1%-85.0% | 7.6% | |
| FCF yield | 7.5%-38.7% | 12.2%-22.4% | 15.7% | — | — | |
| Dividend yield | 2.4%-5.4% | 2.5%-17.7% | 3.0%-33.4% | 4.5%+124.4% | 2.0%+69.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: GAP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GAP filings on SEC EDGAR → Not investment advice.