The Gap, Inc. (GAP) Financial Statements

Income statement

Metric	TTM	2026	2025	2024	2023
Revenue
Total Revenue	15.3B	15.4B	15.1B	14.9B	15.6B
Cost of Revenue	8.7B	9.1B	8.9B	9.1B	10.3B
Gross Profit	6.6B	6.3B	6.2B	5.8B	5.4B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	—	—	5.1B	—	—
General & Admin Expense	—	—	4.3B	—	—
Selling & Marketing Expense	—	—	780.0M	—	—
Other Expenses	4.9B	5.2B	43.0M	5.2B	5.4B
Total Operating Expenses	4.9B	5.2B	5.1B	5.2B	5.4B
Cost and Expenses	13.6B	14.3B	14.0B	14.3B	15.7B
Operating Income (EBIT)	1.7B	1.1B	1.1B	560.0M	(69.0M)
Non-Operating
Interest Income	112.0M	26.0M	112.0M	86.0M	18.0M
Interest Expense	93.0M	23.0M	87.0M	90.0M	88.0M
Net Interest Income	19.0M	3.0M	25.0M	(4.0M)	(70.0M)
Other Non-Op Income/Expense	19.0M	17.0M	25.0M	(4.0M)	(70.0M)
Non-Operating Income (excl Interest)	416.0M	(40.0M)	(112.0M)	(86.0M)	(18.0M)
EBT (Pre-Tax Income)	1.7B	1.1B	1.1B	556.0M	(139.0M)
Income Tax Expense	456.0M	316.0M	293.0M	54.0M	63.0M
Bottom Line
Net Income	1.2B	816.0M	844.0M	502.0M	(202.0M)
Earnings from Cont. Ops	1.2B	816.0M	844.0M	502.0M	(202.0M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	1.2B	816.0M	844.0M	502.0M	(202.0M)
Per Share
Basic EPS	$3.42	$2.18	$2.24	$1.36	($0.55)
Diluted EPS	$3.35	$2.14	$2.20	$1.34	($0.55)
Revenue Per Share	$42.45	$41.20	$40.12	$40.24	$42.55
Shares
Basic Shares Outstanding	361.0M	373.0M	376.0M	370.0M	367.0M
Diluted Shares Outstanding	371.0M	384.0M	384.0M	376.0M	367.0M
Profitability Metrics
EBITDA	1.8B	1.7B	1.7B	1.2B	489.4M
D&A	512.0M	496.0M	500.0M	522.0M	540.0M
EBIT	1.3B	1.2B	1.2B	646.0M	(51.0M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Aug 1, 2026