GAP Financials Gap Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 2.2% per year over the past 5 years.
Operating margin has expanded, at 7.3% in the latest year.

Financial health

The company holds more cash ($2.6B) than total debt ($1.5B).
Total debt has grown slower than revenue (-7.6% vs 2.2% per year).
Operating income covered interest expense 12× in the latest year, up from -4.5× 5 years ago.
Total debt is 0.9× EBITDA.

Shareholder returns

Dividends have been paid for 5 consecutive years, consuming 30.3% of earnings and 30.0% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2026	$15.4B	$816M	40.8%	7.3%	$823M	$1.5B	$2.6B
2025	$15.1B	$844M	41.3%	7.4%	$1.0B	$1.5B	$2.3B
2024	$14.9B	$502M	38.8%	3.8%	$1.1B	$1.5B	$1.9B
2023	$15.6B	-$202M	34.3%	-0.4%	-$78M	$1.5B	$1.2B
2022	$16.7B	$256M	39.8%	4.9%	$115M	$1.5B	$877M
2021	$13.8B	-$665M	34.1%	-6.2%	-$155M	$2.2B	$2.0B
2020	$16.4B	$351M	37.4%	3.5%	$709M	$1.3B	$1.4B
2019	$16.6B	$1.0B	38.1%	8.2%	$676M	$1.3B	$1.1B
2018	$15.9B	$848M	38.3%	9.3%	$649M	$1.2B	$1.8B
2017	$15.5B	$676M	36.3%	7.7%	$1.2B	$1.3B	$1.8B
2016	—	$920M	—	—	$868M	$1.3B	$1.4B
2015	—	$1.3B	—	—	$1.4B	$1.4B	$1.5B
2014	—	$1.3B	—	—	$1.0B	$1.4B	$1.5B
2013	—	$1.1B	—	—	$1.3B	$1.3B	$1.5B
2012	—	$833M	—	—	$815M	$1.7B	$1.9B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
May '26	$3.5B	$339M	40.5%	12.7%	$78M	$1.5B	$2.2B
Jan '26	$4.2B	$171M	38.1%	5.4%	$543M	$1.5B	$2.6B
Nov '25	$3.9B	$236M	42.4%	8.5%	$153M	$1.5B	$2.3B
Aug '25	$3.7B	$216M	41.2%	7.8%	$350M	$1.5B	$2.2B
May '25	$3.5B	$193M	41.8%	7.5%	-$223M	$1.5B	$2.0B
Feb '25	$4.1B	$206M	38.9%	6.2%	$499M	$1.5B	$2.3B
Nov '24	$3.8B	$274M	42.7%	9.3%	$143M	$1.5B	$2.0B
Aug '24	$3.7B	$206M	42.6%	7.9%	$460M	$1.5B	$1.9B
May '24	$3.4B	$158M	41.2%	6.1%	-$63M	$1.5B	$1.5B
Feb '24	$4.3B	$185M	38.9%	5.0%	$568M	$1.5B	$1.9B
Oct '23	$3.8B	$218M	41.3%	6.6%	$215M	$1.5B	$1.4B
Jul '23	$3.5B	$117M	37.6%	3.0%	$431M	$1.5B	$1.4B
Apr '23	$3.3B	-$18M	37.1%	-0.3%	-$102M	$1.5B	$1.2B
Jan '23	$4.2B	-$273M	33.6%	-0.7%	$611M	$1.5B	$1.2B
Oct '22	$4.0B	$282M	37.4%	4.6%	-$76M	$1.5B	$679M
Jul '22	$3.9B	-$49M	34.5%	-0.7%	-$23M	$1.5B	$708M
Apr '22	$3.5B	-$162M	31.5%	-5.7%	-$590M	$1.5B	$845M
Jan '22	$4.5B	-$16M	33.7%	0.2%	-$81M	$1.5B	$877M
Oct '21	$3.9B	-$152M	42.1%	3.9%	-$327M	$1.5B	$801M
Jul '21	$4.2B	$258M	43.3%	9.7%	$307M	$2.2B	$2.4B

Valuation over time

How the market has priced GAP against its own fundamentals since 2024-08 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 16.0× (Aug '24) to 8.9× (Jun '26).
The price-to-sales ratio has fallen from 0.5× (Aug '24) to 0.5× (Jun '26).
The dividend yield has risen from 2.8% (Aug '24) to 3.4% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is GAP growing its revenue and profit?

Over the past 5 years, Gap Inc's revenue has grown 2.2% per year. These are computed facts, not advice.

How much debt does GAP have?

As of FY2026, Gap Inc reported $1.5B of total debt against $2.6B of cash; operating income covered interest expense 12×.

What is GAP's profit margin?

In FY2026, gross margin was 40.8%, operating margin 7.3%, and net margin 5.3%.

What is GAP's P/E ratio?

As of Jun '26, Gap Inc traded at a price-to-earnings ratio of about 8.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.