Gap
Runs four apparel brands across value, casual, lifestyle, and women's performance markets.
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Profile
Sells apparel, accessories, and personal-care products through Old Navy, Gap, Banana Republic, and Athleta, using stores, websites, franchise partners, and third-party arrangements. Distinct brand identities sit on shared sourcing, digital, distribution, real-estate, and corporate infrastructure.
Operates Old Navy, Gap, Banana Republic, and Athleta as distinct apparel brands spanning value family fashion, casual essentials, lifestyle products, and women's performance wear. The portfolio also sells accessories and personal-care products for men, women, and children through stores and websites.
Reaches customers through company-operated and franchise stores, digital channels, and third-party arrangements. Its company-operated footprint is concentrated in the United States, Canada, Japan, and Taiwan, while franchise partners extend distribution into additional regions.
Uses separate merchandise and marketing to maintain each brand's identity while sharing sourcing, digital, distribution, real-estate, and corporate infrastructure. Execution depends on apparel demand, inventory and size allocation, store economics, partner performance, global sourcing, and human-rights controls.
Company facts
Categories
Key statistics
Year to date −6.7% · Average volume (30d) 7.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Morgan Stanley | Target | $21 | $23 | ||
| Aug 28, 2026 | BTIG | Reiterate | Buy | $26 | $27 | |
| Aug 28, 2026 | UBS | Reiterate | Buy | $41 | $42 | |
| Aug 28, 2026 | Wells Fargo | Reiterate | Cautious | $30 | $23 | |
| Aug 28, 2026 | Barclays | Target | $20 | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 27, 2026Q2 FY26 | $0.48 | $0.52 | +8.2% | $3.69B | $3.65B | −1.0% | +12.94% |
| May 28, 2026Q1 FY26 | $0.37 | $0.38 | +1.8% | $3.52B | $3.50B | −0.5% | −15.40% |
| Mar 5, 2026Q4 FY25 | $0.45 | $0.45 | 0.0% | $4.24B | $4.24B | −0.2% | −14.41% |
| Nov 20, 2025Q3 FY25 | $0.59 | $0.62 | +5.6% | $3.90B | $3.94B | +1.0% | +8.24% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.46B | $3.73B | $3.94B | $4.24B | $3.50B | $3.65B | |
| Gross profit | $1.45B | $1.54B | $1.67B | $1.61B | $1.42B | $1.93B | |
| Operating income | $260.0M | $292.0M | $334.0M | $229.0M | $445.0M | $676.0M | |
| Net income | $193.0M | $216.0M | $236.0M | $171.0M | $339.0M | $501.0M | |
| Diluted EPS | $0.51 | $0.57 | $0.62 | $0.45 | $0.90 | $1.36 | |
| Gross margin | 41.8% | 41.2% | 42.4% | 38.1% | 40.5% | 52.8% | |
| Operating margin | 7.5% | 7.8% | 8.5% | 5.4% | 12.7% | 18.5% |
Fiscal years (4-quarter sums)FY21 $16.67B · FY22 $15.62B · FY23 $14.89B · FY24 $15.09B · FY25 $15.37B
Balance sheet, Aug 1, 2026Cash & short-term investments $2.49B · Total debt $5.72B · Total assets $12.86B · Shareholders' equity $3.95B
Dividends
Raised for 4 straight years — most recently to $0.175 from $0.165 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 8, 2026 | Jul 8 | Jul 29 | $0.175 | |
| Apr 8, 2026 | Apr 8 | Apr 29 | $0.175 | raised from $0.165 |
| Jan 7, 2026 | Jan 7 | Jan 28 | $0.165 | |
| Oct 8, 2025 | Oct 8 | Oct 29 | $0.165 | |
| Jul 9, 2025 | Jul 9 | Jul 30 | $0.165 | |
| Apr 9, 2025 | Apr 9 | Apr 30 | $0.165 | raised from $0.15 |
| Jan 8, 2025 | Jan 8 | Jan 29 | $0.15 | |
| Oct 9, 2024 | Oct 9 | Oct 30 | $0.15 |
Ownership
Shares outstanding 359.98M · Float 227.89M · 63.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| William Sydney Fisher · director, 10 percent owner: | 18.67M | 5.19% | Form 4 | Jul 2, 2026 |
| Robert J. Fisher · director, 10 percent owner: | 14.99M | 4.16% | Form 4 | Jul 2, 2026 |
| Fisher John J · 10 percent owner | 14.70M | 4.08% | Form 4 | Jun 9, 2026 |
| Richard Dickson · director, officer: President & CEO, Gap Inc. | 790.6K | 0.22% | Form 4 | Aug 25, 2026 |
| Mayo A. Iii Shattuck · director | 181.1K | 0.05% | Form 4 | Jul 1, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 17, 2026 | Julie Gruber | officer: Chief Legal&Compliance Officer | −5,302 | $27.00 |
| Apr 10, 2026 | Eric Kayen Chan | officer: Chief Business & Strat Officer | −13,377 | $26.18 |
| Apr 8, 2026 | John J. Fisher | 10 percent owner | −300,000 | $25.40 |
| Apr 6, 2026 | Amanda J. Thompson | officer: Chief People Officer | −25,000 | $25.14 |
| Mar 23, 2026 | Sarah Gilligan | officer: Chief Sup Chn & Transform Ofcr | −69,912 | $25.00 |
Peers
- Abercrombie & Fitch
Specialty apparel rival in casual lifestyle, kids, and activewear
- American Eagle Outfitters
Denim-led casualwear plus a fast-growing women's activewear platform
- Lululemon Athletica
Premium technical activewear benchmark against Athleta
- Levi's
Denim leader overlapping casual bottoms and women's activewear
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Gap | $23.48 | −0.04% | $8.45B | 7.1 | 9.8 | 0.6 | −2.0% |
| Abercrombie & Fitch | $148.54 | +0.09% | $6.59B | 12.7 | 12.3 | 1.2 | +4.8% |
| American Eagle Outfitters | $16.91 | +0.30% | $2.83B | 10.4 | 9.5 | 0.5 | +9.7% |
| Lululemon Athletica | $121.20 | +0.33% | $13.72B | 9.8 | 11.2 | 1.2 | +4.3% |
| Levi's | $21.29 | 0.00% | $8.33B | 13.1 | 13.3 | 1.3 | +8.0% |
| Median | 11.6 | 11.7 | 1.2 | +6.4% |