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NYSE · Consumer Discretionary

GAP INC (GAP)

As-reported financials and SEC filings for GAP INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About GAP INC

Gap Inc. is a retailer that designs, markets, and sells apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. The company operates stores and sells products online through company-operated and franchise locations across North America, Asia, Europe, Latin America, the Middle East, and Africa. Gap Inc. serves customers through multiple channels, including physical stores, e-commerce websites, and omni-channel services such as buy online pick-up in store.

Snapshot

Revenue
$15.37B
Revenue growth (YoY)
1.9%
Net income
$816.0M
Diluted EPS
$2.13
Gross margin
40.8%
Operating margin
7.3%
Net margin
5.3%
FCF margin
5.4%
ROE
21.5%
net income / fiscal-year-end equity
P/E
6.7×
trailing when available, otherwise FY EPS
Market cap
$7.84B
Long-term debt / equity
0.39×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended January 31, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Gap

  • Revenue grew 1.9% to $15.4B in FY2025, in line with the 1.3% the year before.
  • Operating margin is 7.3% in FY2025, +2.4 pp against 4.9% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $3.7B, down 2.0% from Q2 FY2025.
  • Free cash flow was $823M in FY2025, 5.4% of revenue.
  • Net income fell 3.3% to $816M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Gap’s fundamentals sit among the 403 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin40.8%
61st percentile of 275
Operating margin7.3%
64th percentile of 348
Net margin5.3%
66th percentile of 377
FCF margin5.4%
59th percentile of 351
Revenue growth (YoY)+1.9%
42nd percentile of 394
ROE21.5%
78th percentile of 343
P/E6.7×
10th percentile of 249
Long-term debt / equity0.39×
44th percentile of 234
Short interest5.73d
70th percentile of 401

Gap’s P/E of 6.7 ranks in the 10th percentile of the 249 peers with a meaningful P/E.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
4
2 new, 2 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$393.9M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$267.2M14.7MAdded
Millennium ManagementquantQ2 2026$47.0M2.5MNew
Two Sigma InvestmentsquantQ2 2026$37.1M2.0MReduced
Citadel AdvisorsquantQ2 2026$22.7M1.2MAdded
Gotham Asset ManagementQ2 2026$14.1M752.7KReduced
Point72 Asset ManagementquantQ2 2026$2.7M146.5KNew
Bridgewater AssociatesQ2 2026$2.3M125.5KReduced
D. E. ShawquantQ2 2026$760,36940.7KReduced

No longer held by: Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-04-17
filed 2026-04-20
Gruber JulieChief Legal&Compliance OfficerSell5.3K$27.00$143K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
29.9M
settled 2026-08-14
Change vs prior
+4.0%
vs previous settlement
Days to cover
5.73
at avg daily volume
Avg daily volume
5.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1429.9M+4.0%5.73
2026-07-3128.7M-4.8%4.63
2026-07-1530.2M+13.3%3.75
2026-06-3026.7M+12.9%2.95
2026-06-1523.6M-6.8%3.18
2026-05-2925.3M-4.1%2.08
2026-05-1526.4M-11.1%3.77
2026-04-3029.7M-5.7%5.35

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$15.37B$15.09B$14.89B$15.62B$16.67B
Gross profit$6.27B$6.23B$5.78B$5.36B$6.64B
Operating income$1.11B$1.11B$560.0M$-69.0M$810.0M
Net income$816.0M$844.0M$502.0M$-202.0M$256.0M
Diluted EPS$2.13$2.20$1.34$-0.55$0.67

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$2.62B$2.33B$1.87B$1.22B$877.0M
Current assets$5.78B$5.20B$4.39B$4.62B$5.17B
Total assets$12.63B$11.88B$11.04B$11.39B$12.76B
Current liabilities$3.30B$3.26B$3.10B$3.26B$4.08B
Long-term debt$1.49B$1.49B$1.49B$1.49B$1.48B
Total liabilities$8.83B$8.62B$8.45B$9.15B$10.04B
Total equity$3.80B$3.26B$2.60B$2.23B$2.72B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.29B$1.49B$1.53B$607.0M$809.0M
Capital expenditure$470.0M$447.0M$420.0M$685.0M$694.0M
Free cash flow$823.0M$1.04B$1.11B$-78.0M$115.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$3.65B-2.0%$501.0M$1.38
Q1 FY2026$3.50B1.0%$339.0M$0.90
Q4 FY2025$4.24B2.1%$171.0M$0.44
Q3 FY2025$3.94B3.0%$236.0M$0.62
Q2 FY2025$3.73B0.1%$216.0M$0.57
Q1 FY2025$3.46B2.2%$193.0M$0.51
Q4 FY2024$4.15B-3.5%$206.0M$0.53
Q3 FY2024$3.83B1.6%$274.0M$0.72

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryRetail-Family Clothing Stores
Latest annual periodFY2025 (ended January 31, 2026)
Latest reported quarterQ2 FY2026 (ended August 1, 2026)
Oldest indexed filing2017
SEC CIK39911

Selected SEC filings

10-Q2026-08-28
View on EDGAR →
10-Q2026-05-29
View on EDGAR →
8-K2026-08-27
View on EDGAR →
8-K2026-07-21
View on EDGAR →
8-K2026-05-28
View on EDGAR →
8-K2026-05-15
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.