GAP (The Gap, Inc.) Stock Financials & Earnings | Market Cap Arena

GAP (The Gap, Inc.) Stock Financials & Earnings | Market Cap Arena

GAPThe Gap, Inc.

Mkt Cap$9B

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NYSE

Revenue (TTM)$15.4B

Net Income (TTM)$816M

EPS (TTM)$2.15

Free Cash Flow (TTM)$976M

Gross Margin40.8%

Op. Margin7.3%

Net Margin5.3%

FCF Margin6.4%

P/S Ratio (TTM)0.6x

P/E Ratio (TTM)10.7x

YoY Rev Growth+1.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$3.3B	$1.2B	-$10M
Q2 23	$3.5B	$1.3B	$106M
Q3 23	$3.8B	$1.6B	$250M
Q4 23	$4.3B	$1.7B	$214M
Q1 24	$3.4B	$1.4B	$205M
Q2 24	$3.7B	$1.6B	$293M
Q3 24	$3.8B	$1.6B	$355M
Q4 24	$4.1B	$1.6B	$259M
Q1 25	$3.5B	$1.4B	$260M
Q2 25	$3.7B	$1.5B	$292M
Q3 25	$3.9B	$1.7B	$334M
Q4 25	$4.2B	$1.6B	$229M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	0.6x	—
Q2 23	0.6x	80.8x
Q3 23	0.6x	198.4x
Q4 23	0.6x	17.4x
Q1 24	0.6x	12.9x
Q2 24	0.6x	11.4x
Q3 24	0.6x	10.6x
Q4 24	0.6x	10.3x
Q1 25	0.6x	9.9x
Q2 25	0.6x	9.8x
Q3 25	0.6x	10.3x
Q4 25	0.6x	10.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$15M	-$102M
Q2 23	$513M	$431M
Q3 23	$304M	$215M
Q4 23	$700M	$568M
Q1 24	$30M	-$63M
Q2 24	$549M	$460M
Q3 24	$291M	$143M
Q4 24	$616M	$499M
Q1 25	-$140M	-$223M
Q2 25	$448M	$350M
Q3 25	$299M	$153M
Q4 25	$985M	$696M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$117M
Q2 23	$82M
Q3 23	$89M
Q4 23	$132M
Q1 24	$93M
Q2 24	$89M
Q3 24	$148M
Q4 24	$117M
Q1 25	$83M
Q2 25	$98M
Q3 25	$146M
Q4 25	$289M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-5.8%	-10.6%
Q2 23	-8.0%	-11.4%
Q3 23	-6.7%	-8.7%
Q4 23	+1.3%	-4.4%
Q1 24	+3.4%	-3.1%
Q2 24	+4.8%	-0.4%
Q3 24	+1.6%	-1.2%
Q4 24	-3.5%	-4.8%
Q1 25	+2.2%	+0.6%
Q2 25	+0.1%	+0.2%
Q3 25	+3.0%	+3.9%
Q4 25	+2.1%	+3.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$23M	0.7%
Q2 23	$21M	0.6%
Q3 23	$20M	0.5%
Q4 23	$16M	0.4%
Q1 24	$27M	0.8%
Q2 24	$31M	0.8%
Q3 24	$27M	0.7%
Q4 24	$41M	1.0%
Q1 25	$37M	1.1%
Q2 25	$34M	0.9%
Q3 25	$37M	0.9%
Q4 25	$44M	1.0%

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.2B	$0	$1.2B
Q2 23	$1.4B	$0	$1.4B
Q3 23	$1.4B	$0	$1.4B
Q4 23	$1.9B	$1M	$1.9B
Q1 24	$1.5B	$199M	$1.7B
Q2 24	$1.9B	$246M	$2.1B
Q3 24	$2.0B	$250M	$2.2B
Q4 24	$2.3B	$253M	$2.6B
Q1 25	$2.0B	$244M	$2.2B
Q2 25	$2.2B	$238M	$2.4B
Q3 25	$2.3B	$255M	$2.5B
Q4 25	$2.6B	$386M	$3.0B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	367M	+0.3%
Q2 23	371M	+1.1%
Q3 23	375M	+1.1%
Q4 23	376M	+0.3%
Q1 24	383M	+1.9%
Q2 24	383M	+0.0%
Q3 24	383M	+0.0%
Q4 24	384M	+0.3%
Q1 25	382M	-0.5%
Q2 25	379M	-0.8%
Q3 25	380M	+0.3%
Q4 25	384M	+1.1%