MARKETS / NYSE / Consumer discretionary / Apparel retail / GAP

NYSE · RETAIL-FAMILY CLOTHING STORES · LARGE CAP

GAP Inc. GAP

19 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$15.4B

▲ 1.9% YoY

Net income

$816.0M

▼ 3.3% YoY

Free cash flow

$823.0M

▼ 20.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Gap, Inc. offers apparel, accessories and personal care products for men, women and children under the Old Navy, Gap, Banana Republic and Athleta brands. It operates as an omni-channel retailer, selling to customers in stores and online through Company-operated and franchise stores, websites and third-party arrangements. It ended fiscal 2025 with 2,474 Company-operated stores and approximately 1,000 franchise store locations. As of January 31, 2026, it had a global workforce of approximately 79,000 employees. It purchases merchandise from approximately 200 vendors with factories in about 30 countries, and its two largest vendors accounted for approximately 9 percent and 8 percent of the dollar amount of its total fiscal 2025 purchases. It has franchise agreements to operate Old Navy, Gap, Banana Republic and Athleta in about 35 countries around the world. Gap, the Company's namesake brand, was founded in San Francisco in 1969.

Written from the business description in GAP, INC's annual report to the U.S. Securities and Exchange Commission, filed 17 March 2026. Every sentence was checked against that document before publication.

Growth

USD 15.4B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 15.4 · Net income 0.8

10B20B

2007201020132016201920222025

Compound annual growth

Revenue

−0.5%

+2.2%

−0.3%

+0.3%

Net income

−1.2%

−2.6%

EPS, diluted

−0.5%

+0.8%

Dividend / share

+3.2%

+22.2%

−3.3%

Returned to shareholders

+5.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +2.2% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 7.3% · Net 5.3%

5%10%-2%-4%-6%

200720162025

ROE

FY2025 · ROE 23.1%

20%40%-10%-20%

200720162025

Three returns, three denominators.

Return on equity23.1%

Return on assets6.7%

Return on capital employed12.4%

Gross margin40.8%

Operating margin7.3%

Net margin5.3%

EBITDAUSD 1.6B

Each USD of equity produced 23 cents of profit this year.

Cash & shareholders

USD 402.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.8

1B2B

200720162025

Net buybacks $B Dividends $B

FY2025 · Dividends 0.2 · Net buybacks 0.2

1B2BDividendsNet buybacks

2007201020132016201920222025

Dividends paidUSD 247.0M

Net buybacksUSD 155.0M

Share of profit49.3%

Consecutive raises1 year

USD 247.0M in dividends and USD 155.0M in buybacks — 49% of the year's profit went back to shareholders.

Total assetsUSD 12.6B

EquityUSD 3.8B

CashUSD 2.6B

Gross debtUSD 1.5B

Net debtUSD -1.1B

Current ratio1.75×

The company holds more cash than debt.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

GAP, 19-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	15.4	15.1	14.9	15.6	16.7	13.8	16.4	16.6	15.9	15.5	15.8	16.4	16.1	15.7	14.5	14.7	14.2	14.5	15.8
Operating income $B	1.1	1.1	0.6	−0.1	0.8	−0.9	0.6	1.4	1.5	1.2	1.5	2.1	2.1	1.9	1.4	2.0	1.8	1.5	1.3
EBITDA $B	1.6	1.6	1.1	0.5	1.3	−0.4	1.1	1.9	2.0	1.8	2.1	2.6	2.7	2.5	2.0	2.6	2.5	◌	◌
Income tax $B	0.3	0.3	0.1	0.1	0.1	−0.4	0.2	0.3	0.6	0.4	0.6	0.8	0.8	0.7	0.5	0.8	0.7	0.6	0.5
Net income $B	0.8	0.8	0.5	−0.2	0.3	−0.7	0.4	1.0	0.8	0.7	0.9	1.3	1.3	1.1	0.8	1.2	1.1	1.0	0.8
Free cash flow $B	0.8	1.0	1.1	−0.1	0.1	−0.2	0.7	0.7	0.6	1.2	0.9	1.4	1.0	1.3	0.8	1.2	1.6	1.0	1.4
EPS, diluted $	2.13	2.20	1.34	−0.55	0.67	−1.78	0.93	2.59	2.14	1.69	2.23	2.87	2.74	2.33	1.56	1.88	1.58	1.34	1.05
Dividend / sh $	0.66	0.60	0.60	0.60	0.36	0.24	0.97	0.97	0.92	0.92	0.92	0.88	0.70	◌	◌	◌	◌	◌	◌
Payout %	30	27	44	−109	88	−0	104	37	43	54	41	30	25	21	28	21	21	25	30
ROE %	23.1	28.8	20.8	−8.2	9.6	−22.4	10.2	30.0	28.0	24.8	33.3	41.8	43.0	40.2	24.4	26.8	23.8	22.3	19.5
Shares out B	0.37	0.37	0.37	0.37	0.37	0.37	0.37	0.38	0.39	0.40	0.40	0.42	0.45	0.46	0.48	0.59	0.68	0.69	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

GAP Inc.vsTJX Companies Inc.Same industry: Retail-Family Clothing Stores GAP Inc.vsRoss Stores, Inc.Same industry: Retail-Family Clothing Stores GAP Inc.vsVictoria's Secret & Co.Same industry: Retail-Family Clothing Stores GAP Inc.vsUrban Outfitters Inc.Same industry: Retail-Family Clothing Stores GAP Inc.vsAmerican Eagle Outfitters Inc.Same industry: Retail-Family Clothing Stores GAP Inc.vsAbercrombie & Fitch Co.Same industry: Retail-Family Clothing Stores GAP Inc.vsBoot Barn Holdings, Inc.Same industry: Retail-Family Clothing Stores

Other companies filing in the same sector

AMZN · WMT · COST · HD · TGT · DIS

Provenance

Company facts, as filed

How we verify · 0 failures in 86 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityRetail-Family Clothing Stores

Listed onNYSE

Incorporated inDelaware

Fiscal year endsFebruary 1

Data on record since2007

GAP Inc. GAP

What this company does

Growth↗ Share

Profitability↗ Share

Cash & shareholders↗ Share

The 19-year record

This company against its peers

Other companies filing in the same sector

Company facts, as filed

Growth

Profitability

Cash & shareholders