See more : AngioDynamics, Inc. (ANGO) Income Statement Analysis – Financial Results
Complete financial analysis of The Gap, Inc. (GAP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Gap, Inc., a leading company in the Apparel – Retail industry within the Consumer Cyclical sector.
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The Gap, Inc. (GAP)
About The Gap, Inc.
The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The company offers its products through company-operated stores, franchise stores, Websites, third-party arrangements, and catalogs. It has franchise agreements with unaffiliated franchisees to operate Old Navy, Gap, Athleta, and Banana Republic stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. As of December 31, 2021, the company had 2,835 company-operated stores and 564 franchise stores. It also provides its products through e-commerce sites. The Gap, Inc. was incorporated in 1969 and is headquartered in San Francisco, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.89B | 15.62B | 16.67B | 13.80B | 16.38B | 16.58B | 15.86B | 15.52B | 15.80B | 16.44B | 16.15B | 15.65B | 14.55B | 14.66B | 14.20B | 14.53B | 15.76B | 15.94B | 16.02B | 16.27B | 15.85B | 14.45B | 13.85B | 13.67B | 11.64B | 9.05B | 6.51B | 5.28B | 4.40B | 3.72B | 3.30B | 2.96B | 2.52B | 1.93B | 1.59B | 1.25B | 1.06B | 848.00M | 647.30M |
| Cost of Revenue | 9.11B | 10.26B | 10.03B | 9.10B | 10.25B | 10.26B | 9.79B | 9.88B | 10.08B | 10.15B | 9.86B | 9.48B | 9.28B | 8.78B | 8.47B | 9.08B | 10.07B | 10.29B | 10.15B | 9.89B | 9.89B | 9.54B | 9.70B | 8.01B | 6.34B | 4.99B | 3.75B | 3.07B | 2.62B | 2.18B | 1.98B | 1.84B | 1.49B | 1.18B | 1.00B | 815.40M | 655.40M | 478.30M | 396.10M |
| Gross Profit | 5.78B | 5.36B | 6.64B | 4.71B | 6.13B | 6.32B | 6.07B | 5.64B | 5.72B | 6.29B | 6.29B | 6.17B | 5.27B | 5.89B | 5.72B | 5.45B | 5.69B | 5.65B | 5.87B | 6.38B | 5.97B | 4.91B | 4.14B | 5.66B | 5.30B | 4.06B | 2.76B | 2.21B | 1.77B | 1.54B | 1.32B | 1.12B | 1.03B | 754.00M | 584.10M | 436.70M | 406.60M | 369.70M | 251.20M |
| Gross Profit Ratio | 38.79% | 34.32% | 39.81% | 34.09% | 37.44% | 38.13% | 38.26% | 36.35% | 36.21% | 38.27% | 38.97% | 39.43% | 36.25% | 40.16% | 40.32% | 37.50% | 36.11% | 35.43% | 36.63% | 39.23% | 37.64% | 33.99% | 29.92% | 41.43% | 45.52% | 44.87% | 42.35% | 41.90% | 40.30% | 41.37% | 39.92% | 37.79% | 40.97% | 38.99% | 36.81% | 34.88% | 38.29% | 43.60% | 38.81% |
| Research & Development | 37.00M | 46.00M | 41.00M | 46.00M | 41.00M | 50.00M | 51.00M | 46.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 4.33B | 4.70B | 4.14B | 4.39B | 966.00M | 970.00M | 855.00M | 832.00M | 3.59B | 880.00M | 884.00M | 770.00M | 738.00M | 744.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.64B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 882.00M | 1.04B | 1.12B | 816.00M | 687.00M | 650.00M | 673.00M | 601.00M | 578.00M | 639.00M | 637.00M | 653.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 882.00M | 5.37B | 5.81B | 4.96B | 5.08B | 966.00M | 970.00M | 855.00M | 832.00M | 4.23B | 880.00M | 884.00M | 770.00M | 738.00M | 744.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.04B | 2.40B | 1.64B | 1.27B | 1.00B | 853.50M | 748.20M | 661.30M | 575.70M | 454.20M | 364.10M | 277.40M | 254.20M | 209.20M | 162.80M |
| Other Expenses | 5.22B | 5.43B | 5.83B | 5.57B | 5.56B | 4.96B | 4.59B | 4.45B | 4.23B | 4.21B | 4.14B | 4.23B | 3.84B | 3.92B | 3.91B | 3.90B | 4.38B | 4.39B | 4.08B | 4.51B | 4.09B | 4.11B | 3.90B | 3.69B | 31.60M | 13.60M | 269.70M | -19.10M | -15.40M | -10.50M | 141.80M | 114.00M | 82.10M | 61.50M | 43.80M | 30.00M | 23.80M | 21.70M | 17.10M |
| Operating Expenses | 5.22B | 5.43B | 5.83B | 5.57B | 5.56B | 4.96B | 4.59B | 4.45B | 4.20B | 4.21B | 4.14B | 4.23B | 3.84B | 3.92B | 3.91B | 3.90B | 4.38B | 4.48B | 4.12B | 4.30B | 4.09B | 3.90B | 3.81B | 4.22B | 3.48B | 2.73B | 1.90B | 1.49B | 1.20B | 1.02B | 890.00M | 775.30M | 657.80M | 515.70M | 407.90M | 307.40M | 278.00M | 230.90M | 179.90M |
| Cost & Expenses | 14.33B | 15.69B | 15.86B | 14.66B | 15.81B | 15.22B | 14.38B | 14.33B | 14.27B | 14.35B | 14.00B | 13.71B | 13.11B | 12.70B | 12.38B | 12.98B | 14.45B | 14.77B | 14.28B | 14.18B | 13.98B | 13.44B | 13.51B | 12.23B | 9.82B | 7.72B | 5.66B | 4.56B | 3.83B | 3.20B | 2.87B | 2.62B | 2.14B | 1.70B | 1.41B | 1.12B | 933.40M | 709.20M | 576.00M |
| Interest Income | 86.00M | 18.00M | 5.00M | 10.00M | 30.00M | 33.00M | 19.00M | 8.00M | 6.00M | 5.00M | 5.00M | 6.00M | 5.00M | 14.00M | 7.00M | 7.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 90.00M | 88.00M | 167.00M | 192.00M | 76.00M | 40.00M | 55.00M | 67.00M | 53.00M | 70.00M | 56.00M | 81.00M | 74.00M | 14.00M | 1.00M | 1.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 62.88M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 522.00M | 540.00M | 504.00M | 507.00M | 557.00M | 578.00M | 559.00M | 593.00M | 527.00M | 500.00M | 470.00M | 483.00M | 506.00M | 562.00M | 573.00M | 568.00M | 547.00M | 530.00M | 625.00M | 620.00M | 664.00M | 780.88M | 810.49M | 590.37M | 436.20M | 326.40M | 269.70M | 214.90M | 197.40M | 168.20M | 141.80M | 114.00M | 82.10M | 61.50M | 43.80M | 30.00M | 23.80M | 21.70M | 17.10M |
| EBITDA | 1.17B | 489.43M | 994.00M | -403.00M | 1.16B | 1.97B | 2.06B | 1.79B | 2.14B | 2.65B | 2.70B | 2.51B | 2.04B | 1.97B | 2.49B | 2.12B | 1.86B | 1.70B | 2.37B | 2.66B | 2.54B | 1.79B | 1.15B | 2.04B | 2.25B | 1.66B | 1.12B | 944.00M | 766.80M | 686.60M | 567.50M | 457.50M | 456.40M | 299.80M | 220.00M | 159.30M | 152.40M | 160.50M | 88.40M |
| EBITDA Ratio | 7.84% | 3.02% | 9.83% | -2.15% | 6.90% | 11.33% | 12.48% | 11.10% | 12.98% | 15.72% | 16.22% | 15.49% | 13.36% | 17.44% | 16.83% | 14.57% | 11.81% | 10.69% | 14.79% | 17.27% | 16.04% | 12.41% | 8.29% | 14.88% | 19.36% | 18.33% | 17.18% | 17.49% | 17.09% | 18.15% | 17.22% | 15.45% | 18.12% | 15.50% | 14.55% | 12.72% | 14.35% | 18.93% | 13.66% |
| Operating Income | 622.00M | -69.00M | 1.14B | -862.00M | 574.00M | 1.36B | 1.48B | 1.19B | 1.52B | 2.08B | 2.15B | 1.94B | 1.44B | 1.97B | 1.82B | 1.55B | 1.32B | 1.17B | 1.75B | 2.09B | 1.88B | 1.01B | 337.52M | 1.44B | 1.82B | 1.33B | 851.30M | 729.10M | 569.40M | 518.40M | 425.70M | 343.50M | 374.30M | 238.30M | 176.20M | 129.30M | 128.60M | 138.80M | 71.30M |
| Operating Income Ratio | 4.18% | -0.44% | 6.81% | -6.25% | 3.50% | 8.21% | 9.33% | 7.68% | 9.65% | 12.67% | 13.31% | 12.41% | 9.88% | 13.42% | 12.78% | 10.66% | 8.34% | 7.36% | 10.89% | 12.82% | 11.85% | 7.01% | 2.44% | 10.57% | 15.61% | 14.72% | 13.08% | 13.80% | 12.95% | 13.92% | 12.92% | 11.60% | 14.86% | 12.32% | 11.11% | 10.33% | 12.11% | 16.37% | 11.01% |
| Total Other Income/Expenses | -66.00M | -70.00M | -487.00M | -240.00M | -46.00M | -40.00M | -55.00M | -67.00M | -53.00M | -70.00M | -56.00M | -81.00M | -69.00M | 14.00M | 1.00M | -231.00M | 91.00M | 61.00M | 48.00M | -213.00M | -196.00M | -211.13M | -95.88M | -62.88M | -31.70M | -13.70M | 2.90M | 19.50M | 15.80M | 10.90M | -800.00K | -3.70M | -3.50M | -1.40M | -13.50M | -3.50M | -3.90M | -1.60M | -3.40M |
| Income Before Tax | 556.00M | -139.00M | 323.00M | -1.10B | 528.00M | 1.32B | 1.42B | 1.12B | 1.47B | 2.01B | 2.09B | 1.86B | 1.37B | 1.98B | 1.82B | 1.58B | 1.41B | 1.26B | 1.79B | 1.87B | 1.68B | 800.88M | 241.64M | 1.38B | 1.79B | 1.32B | 854.20M | 748.60M | 585.20M | 529.30M | 424.90M | 339.80M | 370.80M | 236.90M | 162.70M | 125.80M | 124.70M | 137.20M | 67.90M |
| Income Before Tax Ratio | 3.73% | -0.89% | 1.94% | -7.99% | 3.22% | 7.97% | 8.98% | 7.24% | 9.31% | 12.25% | 12.96% | 11.89% | 9.41% | 13.52% | 12.79% | 10.90% | 8.92% | 7.93% | 11.19% | 11.51% | 10.62% | 5.54% | 1.74% | 10.11% | 15.34% | 14.57% | 13.13% | 14.17% | 13.31% | 14.22% | 12.89% | 11.48% | 14.72% | 12.25% | 10.25% | 10.05% | 11.74% | 16.18% | 10.49% |
| Income Tax Expense | 54.00M | 63.00M | 67.00M | -437.00M | 177.00M | 319.00M | 576.00M | 448.00M | 551.00M | 751.00M | 813.00M | 726.00M | 536.00M | 778.00M | 714.00M | 617.00M | 539.00M | 486.00M | 680.00M | 722.00M | 653.00M | 323.42M | 249.41M | 504.39M | 657.90M | 494.70M | 320.30M | 295.70M | 231.20M | 209.10M | 166.50M | 129.10M | 140.90M | 92.40M | 65.10M | 51.60M | 55.10M | 69.10M | 33.50M |
| Net Income | 502.00M | -202.00M | 256.00M | -665.00M | 351.00M | 1.00B | 848.00M | 676.00M | 920.00M | 1.26B | 1.28B | 1.14B | 833.00M | 1.20B | 1.10B | 967.00M | 833.00M | 778.00M | 1.11B | 1.15B | 1.03B | 477.46M | -7.76M | 877.50M | 1.13B | 824.50M | 533.90M | 452.90M | 354.00M | 320.20M | 258.40M | 210.70M | 229.90M | 144.50M | 97.60M | 74.20M | 69.60M | 68.10M | 27.70M |
| Net Income Ratio | 3.37% | -1.29% | 1.54% | -4.82% | 2.14% | 6.05% | 5.35% | 4.36% | 5.82% | 7.68% | 7.93% | 7.25% | 5.73% | 8.21% | 7.76% | 6.66% | 5.28% | 4.88% | 6.95% | 7.07% | 6.50% | 3.30% | -0.06% | 6.42% | 9.69% | 9.11% | 8.20% | 8.57% | 8.05% | 8.60% | 7.84% | 7.12% | 9.13% | 7.47% | 6.15% | 5.93% | 6.55% | 8.03% | 4.28% |
| EPS | 1.36 | -0.55 | 0.68 | -1.78 | 0.93 | 2.61 | 2.16 | 1.69 | 2.24 | 2.90 | 2.78 | 2.35 | 1.57 | 1.89 | 1.59 | 1.59 | 1.05 | 0.94 | 1.26 | 1.29 | 1.15 | 0.55 | -0.01 | 1.03 | 1.32 | 0.95 | 0.60 | 0.49 | 0.38 | 0.34 | 0.27 | 0.23 | 0.25 | 0.16 | 0.11 | 0.08 | 0.07 | 0.07 | 0.03 |
| EPS Diluted | 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 | 1.58 | 1.05 | 0.93 | 1.24 | 1.21 | 1.09 | 0.54 | -0.01 | 1.00 | 1.26 | 0.91 | 0.58 | 0.47 | 0.37 | 0.33 | 0.27 | 0.22 | 0.24 | 0.15 | 0.10 | 0.07 | 0.07 | 0.07 | 0.03 |
| Weighted Avg Shares Out | 370.00M | 367.00M | 376.00M | 373.60M | 376.00M | 385.00M | 393.00M | 399.00M | 411.00M | 435.00M | 461.00M | 482.00M | 529.00M | 636.00M | 694.00M | 694.00M | 791.00M | 831.00M | 881.00M | 893.00M | 892.55M | 867.27M | 860.26M | 849.81M | 853.86M | 867.89M | 891.40M | 924.29M | 931.58M | 941.76M | 957.04M | 916.09M | 919.60M | 903.13M | 887.27M | 927.50M | 994.29M | 972.86M | 923.33M |
| Weighted Avg Shares Out (Dil) | 376.00M | 367.00M | 383.00M | 374.00M | 378.00M | 388.00M | 396.00M | 400.00M | 413.00M | 440.00M | 467.00M | 488.00M | 533.00M | 641.00M | 699.00M | 699.00M | 794.00M | 836.00M | 902.00M | 991.00M | 988.18M | 883.33M | 860.26M | 879.14M | 894.52M | 906.04M | 922.95M | 963.62M | 956.76M | 970.30M | 957.04M | 957.73M | 957.92M | 963.33M | 976.00M | 1.06B | 994.29M | 972.86M | 923.33M |
Are Investors Undervaluing The Gap (GAP) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Fast-paced Momentum Stock Gap (GAP) Is Still Trading at a Bargain
Gap (GAP) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum...
Gap shares move higher on JPMorgan upgrade
Gap Inc (NYSE:GPS) shares added almost 7% after the clothing retailer was upgraded to ‘Overweight' from ‘Neutral' by analysts at JPMorgan. Analysts also boosted their price target on the stock to $30 from $28.
Gap Stock Jumps on JPMorgan Upgrade, Price Target Raise
Gap (GAP) shares jumped roughly 7% Monday when JPMorgan upgraded the stock and lifted the price target, pointing to positive comments from the apparel retailer's CEO and CFO after a meeting with the bank's analysts.
Gap's CEO gets praise for turnaround as retailer's stock rises on analyst upgrade
Gap's stock wins an upgrade to outperform from JPMorgan as an analyst praises CEO Richard Dickson's “reinvigoration” of store brands.
Gap Analyst Praises Turnaround Strategy As Stock Climbs
Shares of Gap Inc GAP were climbing on Monday, a week after the company reported upbeat quarterly earnings.
Analyst: Gap Stock Has Multi-Year Growth Setup
Shares of Gap Inc (NYSE:GAP) are 4.7% higher at $25.40 this morning, after a bull note at JPMorgan Securities.
Gap Stock Is Upgraded. Retailer Is at ‘Inflection Point' to Continuous Improvement.
Global apparel retailer Gap has laid the foundations for ‘improved merchandising and marketing,' says J.P. Morgan analysts.
Bull of the Day: Gap Inc. (GAP)
Gap Inc. GAP is back and is bullish on the 2024 holiday season. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by the double digits this year.
Gap (GAP) Upgraded to Strong Buy: Here's Why
Gap (GAP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Source: https://incomestatements.info
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