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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 |
Gap Stock Is Halted From Trading on News Pending
The retailer is scheduled to report earnings after the close of trading Thursday.
Is it Worth Adding the GAP Stock to Your Portfolio Pre-Q2 Earnings?
Momentum across brands, market share expansion and improved margins to aid Gap's Q2 results. We assess if the stock is a good buy before Q2.
Why Gap (GAP) is a Top Value Stock for the Long-Term
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Will Gap (GAP) Beat Estimates Again in Its Next Earnings Report?
Gap (GAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Source: https://incomestatements.info
Category: Stock Reports