The Gap, Inc.

The Gap, Inc.

GPS
The Gap, Inc.US flagNew York Stock Exchange
24.55
USD
+1.03
- -
9.21BMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
27.5
32.47
35.03
37.78
38.44
38.89
40.34
43.06
43.57
36.9
44.34
42.55
40.24
40.65
Basic EPS, GAAP
1.57
2.35
2.78
2.9
2.24
1.69
2.16
2.61
0.93
-1.78
0.68
-0.55
1.36
2.05
Free Cash Flow per Basic Share
1.54
2.65
2.25
3.25
2.11
2.99
1.65
1.76
0.97
-0.41
0.31
-0.21
3.01
3.16
Dividend per Share
0.45
0.5
0.7
0.88
0.92
0.92
0.92
0.97
0.97
- -
0.6
0.6
0.6
0.6
Book Value per Share
23.48
27.62
30.96
6.48
5.99
6.94
7.89
9.09
8.71
6.74
7.02
5.88
6.59
7.21
Tangible Book Value per Share
4.88
5.35
6.05
6.23
5.53
6.77
7.48
8.71
8.21
6.53
6.45
5.3
6.26
7.77
Basic Weighted Avg Shares
529
482
461
435
411
399
393
385
376
374
376
367
370
373
Sales/Revenue/Turnover
14,549
15,651
16,148
16,435
15,797
15,516
15,855
16,580
16,383
13,800
16,670
15,616
14,889
15,173
Operating Margin (%)
9.88
12.41
13.31
12.67
9.65
7.68
9.33
8.21
3.5
-6.25
4.86
-0.44
3.76
6.34
Depreciation Expense
592
559
536
564
592
593
559
578
557
507
504
540
522
502
Net Income, GAAP
833
1,135
1,280
1,262
920
676
848
1,003
351
-665
256
-202
502
767
Effective Tax Rate (%)
39.15
39.01
38.84
37.31
37.46
39.86
40.45
24.13
33.52
- -
20.74
- -
9.71
21.09
Profit Margin (%)
5.73
7.25
7.93
7.68
5.82
4.36
5.35
6.05
2.14
-4.82
1.54
-1.29
3.37
5.06
Working Capital
2,181
1,788
1,985
2,083
1,450
1,862
2,107
2,077
1,307
2,124
1,088
1,361
1,299
1,585
LT Debt
1,606
1,246
1,369
1,332
1,310
1,248
1,249
1,249
6,757
6,833
5,517
5,353
4,841
4,846
Total Equity
2,755
2,894
3,062
2,983
2,545
2,904
3,144
3,553
3,316
2,614
2,722
2,233
2,595
2,901
Return on Invested Capital (%)
18.52
27.31
30.07
29.52
22.03
16.76
20.36
22.39
4.81
- -
6.65
- -
6.17
9.29
Return on Capital (%)
6.55
8.3
8.72
13.2
22.89
17.43
21.16
23.27
5.11
- -
4.07
- -
7.26
10.58
Return on Common Equity (%)
6.87
8.82
9.28
14.77
34.86
25.86
28.9
30.39
10.36
-22.95
9.92
-8.42
21.84
31.71

Capital Structure

FRC

in mil. unless spec.
Jan'24
Apr'25
Jul'25
ST Debt
600
624
613
LT Borrowings
1,488
1,489
1,489
LT Finance Leases
3,353
3,387
3,357
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
372
375
376
Market Capitalization
6,822
7,575
8,764

Working Capital

FRC

in mil. unless spec.
Jan'24
Apr'25
Jul'25
Total Current Assets
4,395
4,197
4,809
Cash, Cash Equivalents & STI
1,873
1,731
2,146
Accounts Receivable, Net
289
- -
- -
Inventories
1,995
1,952
2,107
Total Current Liabilities
3,096
2,806
3,224
Payables & Accruals
1,449
2,182
2,611
ST Debt
600
624
613
Deferred Revenue
337
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.73%
-5.09%
16.21%
Free Cash Flow
-206.17%
-411.17%
-1,525.64%
Net Income, GAAP
-103.17%
-204.08%
-348.51%
Sales/Revenue/Turnover
-0.43%
-1.43%
-4.66%
Total Cash Common Dividend
- -
- -
0.91%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3,477
3,857
4,039
4,243
15,616
2024
3,276
3,548
3,767
4,298
14,889
2025
3,388
3,720
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.44
-0.13
0.77
-0.75
-0.55
2024
-0.05
0.32
0.59
0.5
1.36
2025
0.42
0.55
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.15
0.15
0.15
0.15
0.6
2024
0.15
0.15
0.15
0.15
0.6
2025
0.15
0.15
- -
- -
- -

Company Description

CEO
Richard Dickson
Full Time Employees
85,000
Sector
Consumer Cyclical
Industry
Apparel - Retail
Address
Two Folsom Street San Francisco CA United States of America 94105
IPO Date
Mar 17, 1980
Website
gapinc.com
Business
Gap, Inc. (NYSE: GPS) operates as the largest specialty apparel retailer in the United States, offering clothing, accessories, and lifestyle products for men, women, and children through its portfolio of iconic brands including Old Navy, Gap, Banana Republic, and Athleta; these brands provide casual wear, activewear, premium apparel, and family-oriented fashion via company-operated stores, franchise locations, and e-commerce platforms. Founded in 1969 and headquartered in San Francisco, California, the company maintains global operations with approximately 3,500 stores across more than 35 countries, primarily in North America, Europe, Asia, Latin America, and the Middle East, supported by extensive distribution centers and supply chain networks. Gap Inc. targets diverse customer segments from value-conscious families at Old Navy to premium shoppers at Banana Republic, emphasizing omnichannel retail and digital personalization. The company's core offerings span fast-fashion basics and denim at Old Navy; iconic casual staples, jeans, and updated heritage styles at Gap; elevated workwear, suiting, and luxury essentials at Banana Republic; and performance activewear, sportswear, and athleisure at Athleta, with online sales representing around 34% of total revenue and a focus on sustainable materials integration. Geographically, Gap Inc. generates the majority of sales in North America while expanding internationally through franchises and e-commerce in key markets. In recent developments, Gap Inc. announced a multi-year partnership with Google Cloud in October 2025 to deploy AI technologies including Gemini, Vertex AI, and BigQuery for unified retail platforms enhancing product innovation, hyper-personalized experiences, and employee workflows across its brands. The company entered a strategic alliance with Syre in September 2025 to source 10,000 metric tons annually of circular recycled polyester chip, advancing sustainability goals for Old Navy, Gap, Banana Republic, and Athleta. Fiscal 2025 results reflect ongoing brand reinvigoration, with positive comparable sales for seven consecutive quarters, net sales growth, and raised full-year operating margin outlook amid disciplined inventory management and tariff mitigation efforts.

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