GAP Inc income statement

In fiscal 2026, GAP Inc reported revenue of $15.37bn, up 1.9% on the year before, operating income of $1.11bn (a 7.3% margin) and net income of $816m, or $2.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

GAP Inc: income statement, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Feb 2013	2014Feb 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Feb 2024	2025Feb 2025	2026Jan 2026	LTMAug 2026
Revenue	14.2	14.7	14.5	15.7	16.1	16.4	15.8	15.5	15.9	16.6	16.4	13.8	16.7	15.6	14.9	15.1	15.4	15.3
Cost of revenue	8.5	—	—	—	—	—	—	—	9.8	10.3	10.3	9.1	10.0	10.3	9.1	8.9	9.1	8.7
Gross profit	5.7	5.9	5.3	6.2	6.3	6.3	5.7	5.6	6.1	6.3	6.1	4.7	6.6	5.4	5.8	6.2	6.3	6.6
Research and development	—	—	—	—	—	—	—	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.1	—
Operating income	1.8	2.0	1.4	1.9	2.1	2.1	1.5	1.2	1.5	1.4	0.6	−0.9	0.8	−0.1	0.6	1.1	1.1	1.7
Interest expense	0.0	−0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.1	0.1	0.1	0.1	0.1
Income before tax	1.8	2.0	1.4	1.9	2.1	2.0	1.5	1.1	1.4	1.3	0.5	−1.1	0.3	−0.1	0.6	1.1	1.1	1.7
Income tax	0.7	0.8	0.5	0.7	0.8	0.8	0.6	0.4	0.6	0.3	0.2	−0.4	0.1	0.1	0.1	0.3	0.3	0.5
Net income	1.1	1.2	0.8	1.1	1.3	1.3	0.9	0.7	0.8	1.0	0.4	−0.7	0.3	−0.2	0.5	0.8	0.8	1.2
Diluted EPS	$1.58	$1.88	$1.56	$2.33	$2.74	$2.87	$2.23	$1.69	$2.14	$2.59	$0.93	−$1.78	$0.67	−$0.55	$1.34	$2.20	$2.13	$3.29
Diluted shares (average)	699m	641m	533m	488m	467m	440m	413m	400m	396m	388m	378m	374m	383m	367m	376m	384m	384m	379m
EBITDA	2.5	2.6	2.0	2.5	2.7	2.6	2.1	1.8	2.0	1.9	1.1	−0.4	1.3	0.5	1.1	1.6	1.6	2.2

US$ millions unless shown otherwise. Fiscal quarters.

GAP Inc: income statement, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Jan 2026	2027 Q1May 2026	2027 Q2Aug 2026
Revenue	3,829	4,149	3,463	3,725	3,942	4,236	3,497	3,651
Cost of revenue	2,194	2,537	2,015	2,189	2,272	2,622	2,080	1,722
Gross profit	1,635	1,612	1,448	1,536	1,670	1,614	1,417	1,929
Operating income	355	259	260	292	334	229	445	676
Interest expense	23	19	23	23	23	24	22	24
Income before tax	361	272	263	296	337	236	450	680
Income tax	87	66	70	80	101	65	111	179
Net income	274	206	193	216	236	171	339	501
Diluted EPS	$0.72	$0.53	$0.51	$0.57	$0.62	$0.44	$0.90	$1.38
EBITDA	479	388	381	414	459	357	573	807

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from GAP Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to GAP Inc.