The Gap Income Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Feb '25 Feb 1, 2025	Feb '24 Feb 3, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022
Revenue	15,366	15,086	14,889	15,616	16,670
Revenue Growth (YoY)	1.86%	1.32%	-4.66%	-6.32%	20.80%
Cost of Revenue	9,098	8,859	9,114	10,257	10,033
Gross Profit	6,268	6,227	5,775	5,359	6,637
Selling, General & Admin	5,153	5,115	5,215	5,428	5,827
Total Operating Expenses	5,153	5,115	5,215	5,428	5,827
Operating Income	1,115	1,112	560	-69	810
Interest Income	110	112	86	18	5
Interest Expense	-93	-87	-90	-88	-167
Other Non-Operating Income (Expense)	-	-	-	-	-325
Total Non-Operating Income (Expense)	17	25	-4	-70	-487
Pretax Income	1,132	1,137	556	-139	323
Provision for Income Taxes	316	293	54	63	67
Net Income	816	844	502	-202	256
Net Income to Common	816	844	502	-202	256
Net Income Growth	-3.32%	68.13%	-	-	-
Shares Outstanding (Basic)	373	376	370	367	376
Shares Outstanding (Diluted)	384	384	376	367	383
Shares Change (YoY)	-	2.13%	2.45%	-4.18%	2.52%
EPS (Basic)	2.19	2.24	1.36	-0.55	0.68
EPS (Diluted)	2.13	2.20	1.34	-0.55	0.67
EPS Growth	-3.18%	64.18%	-	-	-
Shares Outstanding	372	374	372	366	371
Free Cash Flow	823	1,039	1,112	-78	115
Free Cash Flow Growth	-20.79%	-6.57%	-	-	-
Free Cash Flow Per Share	2.14	2.71	2.96	-0.21	0.30
Dividends Per Share	0.660	0.600	0.600	0.600	0.360
Dividend Growth	10.00%	-	-	66.67%	48.45%
Gross Margin	40.79%	41.28%	38.79%	34.32%	39.81%
Operating Margin	7.26%	7.37%	3.76%	-0.44%	4.86%
Profit Margin	5.31%	5.59%	3.37%	-1.29%	1.54%
FCF Margin	5.36%	6.89%	7.47%	-0.50%	0.69%
EBITDA	1,611	1,612	1,082	471	1,314
EBITDA Margin	10.48%	10.69%	7.27%	3.02%	7.88%
EBIT	1,115	1,112	560	-69	810
EBIT Margin	7.26%	7.37%	3.76%	-0.44%	4.86%
Effective Tax Rate	27.92%	25.77%	9.71%	-45.32%	20.74%

Updated Mar 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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