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 Aug 30, 2026, 10:12 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2026	$15.4B	$816M	40.8%	7.3%	21.5%	6.5%	$823M	$1.5B	$2.6B
2025	$15.1B	$844M	41.3%	7.4%	25.9%	7.1%	$1.0B	$1.5B	$2.3B
2024	$14.9B	$502M	38.8%	3.8%	19.3%	4.5%	$1.1B	$1.5B	$1.9B
2023	$15.6B	-$202M	34.3%	-0.4%	-9.0%	-1.8%	-$78M	$1.5B	$1.2B
2022	$16.7B	$256M	39.8%	4.9%	9.4%	2.0%	$115M	$1.5B	$877M
2021	$13.8B	-$665M	34.1%	-6.2%	-25.4%	-4.8%	-$155M	$2.2B	$2.0B
2020	$16.4B	$351M	37.4%	3.5%	10.6%	2.6%	$709M	$1.3B	$1.4B
2019	$16.6B	$1.0B	38.1%	8.2%	28.2%	12.5%	$676M	$1.3B	$1.1B
2018	$15.9B	$848M	38.3%	9.3%	27.0%	10.6%	$649M	$1.2B	$1.8B
2017	$15.5B	$676M	36.3%	7.7%	23.3%	8.9%	$1.2B	$1.3B	$1.8B
2016	—	$920M	—	—	36.1%	12.3%	$868M	$1.3B	$1.4B
2015	—	$1.3B	—	—	42.3%	16.4%	$1.4B	$1.4B	$1.5B
2014	—	$1.3B	—	—	41.8%	16.3%	$1.0B	$1.4B	$1.5B
2013	—	$1.1B	—	—	39.2%	15.2%	$1.3B	$1.3B	$1.5B
2012	—	$833M	—	—	30.2%	11.2%	$815M	$1.7B	$1.9B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Aug '26	$3.7B	$501M	52.8%	18.5%	12.7%	3.9%	$183M	$1.5B	$2.1B
May '26	$3.5B	$339M	40.5%	12.7%	9.3%	2.8%	$78M	$1.5B	$2.2B
Jan '26	$4.2B	$171M	38.1%	5.4%	4.5%	1.4%	$543M	$1.5B	$2.6B
Nov '25	$3.9B	$236M	42.4%	8.5%	6.5%	1.9%	$153M	$1.5B	$2.3B
Aug '25	$3.7B	$216M	41.2%	7.8%	6.3%	1.8%	$350M	$1.5B	$2.2B
May '25	$3.5B	$193M	41.8%	7.5%	5.8%	1.7%	-$223M	$1.5B	$2.0B
Feb '25	$4.1B	$206M	38.9%	6.2%	6.3%	1.7%	$499M	$1.5B	$2.3B
Nov '24	$3.8B	$274M	42.7%	9.3%	8.7%	2.3%	$143M	$1.5B	$2.0B
Aug '24	$3.7B	$206M	42.6%	7.9%	7.1%	1.8%	$460M	$1.5B	$1.9B
May '24	$3.4B	$158M	41.2%	6.1%	5.8%	1.4%	-$63M	$1.5B	$1.5B
Feb '24	$4.3B	$185M	38.9%	5.0%	7.1%	1.7%	$568M	$1.5B	$1.9B
Oct '23	$3.8B	$218M	41.3%	6.6%	8.9%	2.0%	$215M	$1.5B	$1.4B
Jul '23	$3.5B	$117M	37.6%	3.0%	5.2%	1.1%	$431M	$1.5B	$1.4B
Apr '23	$3.3B	-$18M	37.1%	-0.3%	-0.8%	-0.2%	-$102M	$1.5B	$1.2B
Jan '23	$4.2B	-$273M	33.6%	-0.7%	-12.2%	-2.4%	$611M	$1.5B	$1.2B
Oct '22	$4.0B	$282M	37.4%	4.6%	11.0%	2.4%	-$76M	$1.5B	$679M
Jul '22	$3.9B	-$49M	34.5%	-0.7%	-2.1%	-0.4%	-$23M	$1.5B	$708M
Apr '22	$3.5B	-$162M	31.5%	-5.7%	-6.6%	-1.3%	-$590M	$1.5B	$845M
Jan '22	$4.5B	-$16M	33.7%	0.2%	-0.6%	-0.1%	-$81M	$1.5B	$877M
Oct '21	$3.9B	-$152M	42.1%	3.9%	-5.5%	-1.2%	-$327M	$1.5B	$801M

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 15.6× (Aug '24) to 9.5× (Nov '26).
The price-to-sales ratio has fallen from 0.5× (Aug '24) to 0.5× (Nov '26).
The dividend yield has risen from 2.8% (Aug '24) to 3.2% (Nov '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?

Gap Inc's P/E (TTM) is 6.20 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the GAP stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 9.5× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.