Gap Inc (GAP) stock

GAPNYSERetail-Family Clothing StoresFiscal year ends February 1

Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Aug 28, 2026Score 17/3043% below fair value

$21.53−0.44 (-2.00%)

Close on Nov 11, 2026Market cap $7.56BP/E 6.4Yield 3.07%

Earnings

Gap's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Nov 19, 2026

Q3 FY2026 · estimated, after the close

Revenue, Q2 FY2026

$3.70B

0.0% on a year earlier

adjusted diluted earnings per share, Q2 FY2026

$0.52

$0.57 a year earlier

Latest guidance

Raised

Aug 27, 2026 · 9 items

Quarterly results

Revenue and earnings per share from each of Gap's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q3 FY2026ended Nov 1, 2026	Nov 19, 2026Expected	–	–	–	–	–
Q2 FY2026ended Aug 1, 2026	Aug 27, 2026after the close	$3.70B	0.0%	$1.38	$0.52	Release
Q1 FY2026ended May 2, 2026	May 28, 2026after the close	$3.50B	0.0%	$0.90	$0.38	Release
Q4 FY2025ended Jan 31, 2026	Mar 5, 2026after the close	$4.20B	+2.4%	$0.45	–	Release
Q3 FY2025ended Nov 1, 2025	Nov 20, 2025after the close	$3.90B	+2.6%	$0.62	–	Release
Q2 FY2025ended Aug 2, 2025	Aug 28, 2025after the close	$3.70B	0.0%	$0.57	–	Release
Q1 FY2025ended May 3, 2025	May 29, 2025after the close	$3.50B	+2.9%	$0.51	–	Release
Q4 FY2024ended Feb 1, 2025	Mar 6, 2025after the close	$4.10B	-4.7%	$0.54	–	Release
Q3 FY2024ended Nov 2, 2024	Nov 21, 2024after the close	$3.80B	0.0%	$0.72	–	Release
Q2 FY2024ended Aug 3, 2024	Aug 29, 2024during market hours	$3.70B	+4.2%	$0.54	–	Release
Q1 FY2024ended May 4, 2024	May 30, 2024after the close	$3.40B	+3.7%	$0.41	–	Release
Q4 FY2023ended Feb 3, 2024	Mar 7, 2024after the close	$4.30B	+1.4%	$0.49	–	Release
Q3 FY2023ended Oct 28, 2023	Nov 16, 2023after the close	$3.80B	-5.9%	$0.58	$0.59	Release
Q2 FY2023ended Jul 29, 2023	Aug 24, 2023after the close	$3.55B	-8.0%	$0.32	$0.34	Release
Q1 FY2023ended Apr 29, 2023	May 25, 2023after the close	$3.28B	-6.3%	-$0.05	$0.01	Release
Q4 FY2022ended Jan 28, 2023	Mar 9, 2023after the close	$4.24B	-5.8%	-$0.75	–	Release
Q3 FY2022ended Oct 29, 2022	Nov 17, 2022after the close	$4.04B	+3.6%	$0.77	$0.71	Release
Q2 FY2022ended Jul 30, 2022	Aug 25, 2022after the close	$3.86B	–	-$0.13	$0.08	Release
Q1 FY2022ended Apr 30, 2022	May 26, 2022after the close	$3.50B	–	-$0.44	–	Release
Q4 FY2021ended Jan 29, 2022	Mar 3, 2022after the close	$4.50B	–	-$0.04	-$0.02	Release
Q3 FY2021ended Oct 30, 2021	Nov 23, 2021after the close	$3.90B	–	-$0.40	$0.27	Release
Q2 FY2021ended Jul 31, 2021	Aug 26, 2021after the close	–	–	–	–	Release
Q1 FY2021ended May 1, 2021	May 27, 2021after the close	–	–	–	–	Release
Q4 FY2020ended Jan 30, 2021	Mar 4, 2021after the close	–	–	–	–	Release
Q3 FY2020ended Oct 31, 2020	Nov 24, 2020after the close	–	–	–	–	Filing
Q2 FY2020ended Aug 1, 2020	Aug 27, 2020after the close	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Gap's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Net salesnon-GAAP	Q3 FY2026	+1.5% – +2.5%	–	New	Aug 27, 2026
net sales	FY2026	+1% – +1.5%	+2% – +3%	Lowered	Aug 27, 2026
Adjusted operating marginnon-GAAP	FY2026	7.4% – 7.6%	7.3% – 7.5%	Raised	Aug 27, 2026
diluted earnings per shareGAAP	FY2026	$3.77 – $3.87	$2.83 – $2.93	Raised	Aug 27, 2026
Adjusted diluted earnings per sharenon-GAAP	FY2026	$2.35 – $2.45	$2.20 – $2.35	Raised	Aug 27, 2026
Capital expendituresnon-GAAP	FY2026	$650.00M	–	New	Aug 27, 2026
Capital expenditures	FY2026	$650.00M	–	New	Mar 5, 2026
Adjusted effective tax ratenon-GAAP	FY2026	25% – 26%	–	New	Aug 27, 2026
Adjusted interest, netnon-GAAP	FY2026	$20.00M	–	New	Aug 27, 2026
Diluted weighted average share countnon-GAAP	FY2026	367	–	New	Aug 27, 2026
Effective tax rate	FY2026	27%	–	New	Mar 5, 2026
Net interest income	FY2026	$10.00M – $15.00M	–	New	Mar 5, 2026

Guidance vs results

The last range Gap gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
Q1 FY2026	Revenue growth	+1% – +2%	0%	Below range
FY2025	Revenue growth	+1.7% – +2%	+2%Σ4Q	Within range
Q3 FY2025	Revenue growth	+1.5% – +2.5%	+2.63%	Above range

Guidance history

Every forecast Gap put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Aug 27, 2026	Capital expenditures	FY2026	$650.00M	New
Aug 27, 2026	Adjusted diluted earnings per share	FY2026	$2.35 – $2.45	Raised
Aug 27, 2026	diluted earnings per share	FY2026	$3.77 – $3.87	Raised
Aug 27, 2026	Adjusted operating margin	FY2026	7.4% – 7.6%	Raised
Aug 27, 2026	Diluted weighted average share count	FY2026	367	New
Aug 27, 2026	Adjusted effective tax rate	FY2026	25% – 26%	New
Aug 27, 2026	Adjusted interest, net	FY2026	$20.00M	New
Aug 27, 2026	net sales	FY2026	+1% – +1.5%	Lowered
Aug 27, 2026	Net sales	Q3 FY2026	+1.5% – +2.5%	New
May 28, 2026	diluted earnings per share	FY2026	$2.83 – $2.93	Raised
Mar 5, 2026	Capital expenditures	FY2026	$650.00M	New
Mar 5, 2026	Adjusted diluted earnings per share	FY2026	$2.20 – $2.35	New
Mar 5, 2026	reported diluted earnings per share	FY2026	$2.71 – $2.86	New
Mar 5, 2026	Adjusted operating margin	FY2026	7.3% – 7.5%	New
Mar 5, 2026	Effective tax rate	FY2026	27%	New
Mar 5, 2026	Net interest income	FY2026	$10.00M – $15.00M	New
Mar 5, 2026	Adjusted operating expense (% of net sales)	Q1 FY2026	35%	New
Mar 5, 2026	Net sales	FY2026	+2% – +3%	New
Mar 5, 2026	Net sales	Q1 FY2026	+1% – +2%	New
Nov 20, 2025	Capital expenditures	FY2025	$500.00M – $550.00M	New
Nov 20, 2025	Operating margin	FY2025	7.2%	New
Nov 20, 2025	Net store closures 1	FY2025	35	New
Nov 20, 2025	Effective tax rate	FY2025	28%	New
Nov 20, 2025	Net interest income	FY2025	$20.00M	New
Nov 20, 2025	Net sales	FY2025	+1.7% – +2%	New
Aug 28, 2025	Capital expenditures	FY2025	$500.00M – $550.00M	Lowered
Aug 28, 2025	Operating margin	FY2025	6.7% – 7%	New
Aug 28, 2025	Net store closures	FY2025	35	Reaffirmed
Aug 28, 2025	Effective tax rate	FY2025	27%	Raised
Aug 28, 2025	Net interest income	FY2025	$15.00M	Reaffirmed
Aug 28, 2025	Net sales	Q3 FY2025	+1.5% – +2.5%	New
Aug 28, 2025	Net sales	FY2025	+1% – +2%	Reaffirmed
May 29, 2025	Capital expenditures	FY2025	$600.00M	Reaffirmed
May 29, 2025	Operating income	FY2025	+8% – +10%	New
May 29, 2025	Net store closures	FY2025	35	Reaffirmed
May 29, 2025	Effective tax rate	FY2025	26%	Reaffirmed
May 29, 2025	Net interest income	FY2025	$15.00M	Reaffirmed
May 29, 2025	Net sales	FY2025	+1% – +2%	Reaffirmed
Mar 6, 2025	Capital expenditures	FY2025	$600.00M	New
Mar 6, 2025	Operating income	FY2025	+8% – +10%	New
Mar 6, 2025	Net store closures 1	FY2025	35	New
Mar 6, 2025	Effective tax rate	FY2025	26%	New
Mar 6, 2025	Net interest income	FY2025	$15.00M	New
Mar 6, 2025	Net sales	FY2025	+1% – +2%	New
Nov 21, 2024	Capital expenditures	FY2024	$500.00M	Reaffirmed
Nov 21, 2024	Gross margin	FY2024	220	Raised
Nov 21, 2024	Effective tax rate	FY2024	26.5%	Lowered
Nov 21, 2024	Operating expense	FY2024	$5.10B	Reaffirmed
Nov 21, 2024	Net sales	FY2024	+1.5% – +2%	New
Aug 29, 2024	Capital expenditures	FY2024	$500.00M	New
Aug 29, 2024	Gross margin	Q3 FY2024	50 – 75	New
Aug 29, 2024	Gross margin	FY2024	200	New
Aug 29, 2024	Operating income	FY2024	+50%	Raised
Aug 29, 2024	Operating expense	Q3 FY2024	$1.30B	New
Aug 29, 2024	Effective tax rate	FY2024	28%	New
Aug 29, 2024	Operating expense	FY2024	$5.10B	New
May 30, 2024	Capital expenditures	FY2024	$500.00M	Reaffirmed
May 30, 2024	Gross margin	Q2 FY2024	300	New
May 30, 2024	Gross margin	FY2024	150	New
May 30, 2024	Operating income	FY2024	+40%	New
May 30, 2024	Operating expense	Q2 FY2024	+5%	New
May 30, 2024	Effective tax rate	FY2024	28%	Reaffirmed
May 30, 2024	Operating expense	FY2024	$5.10B	Reaffirmed
Mar 7, 2024	Capital expenditures	FY2024	$500.00M	New
Mar 7, 2024	Operating expense	Q1 FY2024	$1.20B	New
Mar 7, 2024	Effective tax rate	FY2024	28%	New
Mar 7, 2024	Operating expense	FY2024	$5.10B	New
Nov 16, 2023	capital expenditures	FY2023	$475.00M	Lowered
Nov 16, 2023	adjusted operating expenses	Q4 FY2023	$1.40B	New
Nov 16, 2023	open a net total of Old Navy and Athleta stores	FY2023	15 – 20	New
Nov 16, 2023	close a net total of Gap and Banana Republic stores	FY2023	50	Raised
Nov 16, 2023	adjusted operating expenses	FY2023	$5.15B	Reaffirmed
Aug 24, 2023	capital expenditures	FY2023	$500.00M – $525.00M	Reaffirmed
Aug 24, 2023	adjusted operating expenses	Q3 FY2023	$1.30B	New
Aug 24, 2023	adjusted operating expenses	FY2023	$5.15B	Lowered
May 25, 2023	capital expenditures	FY2023	$500.00M – $525.00M	Lowered
May 25, 2023	adjusted SG&A	Q2 FY2023	$1.30B	New
May 25, 2023	adjusted SG&A	FY2023	$5.20B	New
Mar 9, 2023	capital expenditures	FY2023	$500.00M – $550.00M	New
Mar 9, 2023	SG&A	Q1 FY2023	$1.20B	New
Mar 9, 2023	SG&A	FY2023	$5.20B	New
Nov 17, 2022	capital expenditures	FY2022	$650.00M	Reaffirmed
Aug 25, 2022	capital expenditures	FY2022	$650.00M	Lowered
May 26, 2022	Capital expenditures	FY2022	$700.00M	Reaffirmed
May 26, 2022	Adjusted diluted earnings per share	FY2022	$0.30 – $0.60	Lowered
May 26, 2022	Reported diluted earnings per share	FY2022	$0.40 – $0.70	Lowered
May 26, 2022	Gross margin	FY2022	36.5% – 37.5%	New
May 26, 2022	Reported operating margin	FY2022	1.8% – 2.8%	Lowered
May 26, 2022	adjusted operating margin	FY2022	1.5% – 2.5%	Lowered
May 26, 2022	Effective tax rate	FY2022	27%	Reaffirmed
May 26, 2022	Net interest expense	FY2022	$80.00M	Raised
Mar 3, 2022	capital spending	FY2022	$700.00M	New
Mar 3, 2022	adjusted diluted earnings per share	FY2022	$1.85 – $2.05	New
Mar 3, 2022	reported diluted earnings per share	FY2022	$1.95 – $2.15	New
Mar 3, 2022	operating margin	FY2022	6.3% – 6.8%	New
Mar 3, 2022	operating margin	FY2022	6% – 6.5%	New
Mar 3, 2022	effective tax rate	FY2022	27%	New
Mar 3, 2022	net interest expense	FY2022	$70.00M	New
Nov 23, 2021	capital spending	FY2021	$800.00M	New
Nov 23, 2021	adjusted full-year diluted earnings per share	FY2021	$1.25 – $1.40	New
Nov 23, 2021	reported full-year diluted earnings per share	FY2021	$0.45 – $0.60	New
Nov 23, 2021	reported operating margin	FY2021	4.5%	New
Nov 23, 2021	adjusted operating margin	FY2021	5%	New
Nov 23, 2021	operating margin	FY2023	10%	New
Nov 23, 2021	open Old Navy stores	FY2021	30 – 40	New
Nov 23, 2021	open Athleta stores	FY2021	20 – 30	Lowered
Nov 23, 2021	close Gap and Banana Republic stores in North America	FY2021	75	Raised
Nov 23, 2021	reported fiscal year 2021 effective tax rate	FY2021	23%	New
Nov 23, 2021	adjusted fiscal year 2021 effective tax rate	FY2021	26%	New
Nov 23, 2021	net interest expense	FY2021	$163.00M	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.