The Gap Income Statement

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

Millions USD. Fiscal year is Mar - Feb.

Quarter Ended	2024-02-03	2023-10-28	2023-07-29	2023-04-29	2023-01-28	2022-10-29	2022-07-30	2022-04-30	2022-01-29	2021-10-30	2021-07-31	2021-05-01	2021-01-30	2020-10-31	2020-08-01	2020-05-02	2020-02-01	2019-11-02	2019-08-03	2019-05-04	2019-02-02	2018-11-03	2018-08-04	2018-05-05	2018-02-03	2017-10-28	2017-07-29	2017-04-29	2017-01-28	2016-10-29	2016-07-30	2016-04-30	2016-01-30	2015-10-31	2015-08-01	2015-05-02	2015-01-31	2014-11-01	2014-08-02	2014-05-03	+75 Quarters
Revenue	4,298	3,767	3,548	3,276	4,243	4,039	3,857	3,477	4,525	3,943	4,211	3,991	4,424	3,994	3,275	2,107	4,674	3,998	4,005	3,706	4,623	4,089	4,085	3,783	4,778	3,838	3,799	3,440	4,429	3,798	3,851	3,438	4,385	3,857	3,898	3,657	4,708	3,972	3,981	3,774	Upgrade
Revenue Growth (YoY)	1.30%	-6.73%	-8.01%	-5.78%	-6.23%	2.43%	-8.41%	-12.88%	2.28%	-1.28%	28.58%	89.42%	-5.35%	-0.10%	-18.23%	-43.15%	1.10%	-2.23%	-1.96%	-2.04%	-3.24%	6.54%	7.53%	9.97%	7.88%	1.05%	-1.35%	0.06%	1.00%	-1.53%	-1.21%	-5.99%	-6.86%	-2.90%	-2.08%	-3.10%	2.91%	-0.10%	2.92%	1.21%	Upgrade
Cost of Revenue	2,626	2,211	2,215	2,062	2,819	2,530	2,527	2,381	3,002	2,282	2,388	2,361	2,756	2,374	2,126	1,839	3,000	2,439	2,449	2,362	2,978	2,466	2,458	2,356	3,019	2,313	2,320	2,137	2,928	2,305	2,414	2,229	2,945	2,417	2,440	2,275	3,050	2,376	2,412	2,308	Upgrade
Gross Profit	1,672	1,556	1,333	1,214	1,424	1,509	1,330	1,096	1,523	1,661	1,823	1,630	1,668	1,620	1,149	268	1,674	1,559	1,556	1,344	1,645	1,623	1,627	1,427	1,759	1,525	1,479	1,303	1,501	1,493	1,437	1,209	1,440	1,440	1,458	1,382	1,658	1,596	1,569	1,466	Upgrade
Selling, General & Admin	1,458	1,306	1,227	1,224	1,454	1,323	1,358	1,293	1,515	1,508	1,414	1,390	1,534	1,445	1,076	1,512	1,919	1,338	1,274	1,028	1,273	1,260	1,229	1,198	1,363	1,147	1,028	1,049	1,200	1,104	1,158	987	1,085	1,026	1,089	996	1,139	1,042	1,002	1,023	Upgrade
Operating Expenses	1,458	1,306	1,227	1,224	1,454	1,323	1,358	1,293	1,515	1,508	1,414	1,390	1,534	1,445	1,076	1,512	1,919	1,338	1,274	1,028	1,273	1,260	1,229	1,198	1,363	1,147	1,028	1,049	1,200	1,104	1,158	987	1,085	1,026	1,089	996	1,139	1,042	1,002	1,023	Upgrade
Operating Income	214	250	106	-10	-30	186	-28	-197	8	153	409	240	134	175	73	-1,244	-245	221	282	316	372	363	398	229	396	378	451	254	301	389	279	222	355	414	369	386	519	554	567	443	Upgrade
Interest Expense / Income	24	28	15	23	25	22	21	20	18	44	51	54	60	55	58	19	18	19	19	20	19	21	17	16	21	18	16	19	18	20	18	19	18	19	17	5	20	19	19	17	Upgrade
Other Expense / Income	-28	-28	-17	-13	-12	-4	-1	-1	-2	324	-1	-1	-3	-1	56	-4	-9	-7	-8	-6	-12	-8	-7	-6	-8	-4	-4	-3	-2	-3	-2	-1	-3	-1	-1	-1	-3	-1	-1	-	Upgrade
Pretax Income	218	250	108	-20	-43	168	-48	-216	-8	-215	359	187	77	121	-41	-1,259	-254	209	271	302	365	350	388	219	383	364	439	238	285	372	263	204	340	396	353	382	502	536	549	426	Upgrade
Income Tax	33	32	-9	-2	230	-114	1	-54	8	-63	101	21	-157	26	21	-327	-70	69	103	75	89	84	91	55	178	135	168	95	65	168	138	77	126	148	134	143	183	185	217	166	Upgrade
Net Income	185	218	117	-18	-273	282	-49	-162	-16	-152	258	166	234	95	-62	-932	-184	140	168	227	276	266	297	164	205	229	271	143	220	204	125	127	214	248	219	239	319	351	332	260	Upgrade
Net Income Growth	-	-22.70%	-	-	-	-	-	-	-	-	-	-	-	-32.14%	-	-	-	-47.37%	-43.43%	38.41%	34.63%	16.16%	9.59%	14.69%	-6.82%	12.25%	116.80%	12.60%	2.80%	-17.74%	-42.92%	-46.86%	-32.92%	-29.34%	-34.04%	-8.08%	3.91%	4.15%	9.57%	-21.92%	Upgrade
Shares Outstanding (Basic)	373	371	369	367	367	365	367	370	373	376	378	376	377	374	374	372	373	375	378	379	379	384	387	389	387	391	395	399	402	399	398	398	399	406	417	421	423	432	439	445	Upgrade
Shares Outstanding (Diluted)	385	375	371	367	358	366	367	370	377	376	386	385	377	380	374	372	375	376	379	381	382	387	390	393	393	393	396	400	400	400	399	399	401	408	418	424	428	437	443	451	Upgrade
Shares Change	7.54%	2.46%	1.09%	-0.81%	-5.04%	-2.66%	-4.92%	-3.90%	-	-1.05%	3.21%	3.49%	0.53%	1.06%	-1.32%	-2.36%	-1.83%	-2.84%	-2.82%	-3.05%	-2.80%	-1.53%	-1.52%	-1.75%	-1.75%	-1.75%	-0.75%	0.25%	-0.25%	-1.96%	-4.55%	-5.90%	-6.31%	-6.64%	-5.64%	-5.99%	-5.93%	-6.62%	-6.34%	-4.25%	Upgrade
EPS (Basic)	0.50	0.59	0.32	-0.05	-0.74	0.77	-0.13	-0.44	-0.04	-0.40	0.68	0.44	0.63	0.25	-0.17	-2.51	-0.49	0.37	0.44	0.60	0.73	0.69	0.77	0.42	0.53	0.59	0.69	0.36	0.54	0.51	0.31	0.32	0.54	0.61	0.53	0.57	0.75	0.81	0.76	0.58	Upgrade
EPS (Diluted)	0.49	0.58	0.32	-0.05	-0.74	0.77	-0.13	-0.44	-0.04	-0.40	0.67	0.43	0.63	0.25	-0.17	-2.51	-0.48	0.37	0.44	0.60	0.73	0.69	0.76	0.42	0.52	0.58	0.68	0.36	0.55	0.51	0.31	0.32	0.54	0.61	0.52	0.56	0.75	0.80	0.75	0.58	Upgrade
EPS Growth	-	-24.68%	-	-	-	-	-	-	-	-	-	-	-	-32.43%	-	-	-	-46.38%	-42.11%	42.86%	40.38%	18.97%	11.76%	16.67%	-5.45%	13.73%	119.35%	12.50%	1.85%	-16.39%	-40.38%	-42.86%	-28.00%	-23.75%	-30.67%	-3.45%	11.94%	11.11%	17.19%	-18.31%	Upgrade
Free Cash Flow	568	215	431	-26	611	49	-23	-257	-81	-327	307	216	-266	406	767	-1,062	704	-254	395	-259	619	-163	424	-204	512	-74	230	-19	778	-47	435	29	639	-112	280	61	809	-62	438	351	Upgrade
Free Cash Flow Per Share	1.52	0.58	1.17	-0.07	1.67	0.13	-0.06	-0.69	-0.22	-0.87	0.81	0.57	-0.71	1.09	2.05	-2.85	1.89	-0.68	1.04	-0.68	1.63	-0.42	1.10	-0.52	1.32	-0.19	0.58	-0.05	1.94	-0.12	1.09	0.07	1.60	-0.28	0.67	0.14	1.91	-0.14	1.00	0.79	Upgrade
Dividend Per Share	0.150	0.150	0.150	0.150	0.150	0.150	0.150	0.150	0.120	0.120	0.120	0.242	-	-	-	-	0.242	0.242	0.242	0.242	0.243	0.242	0.242	0.242	0.230	0.230	0.230	0.230	0.230	0.230	0.230	0.230	0.230	0.230	0.230	0.230	0.220	0.220	0.220	0.220	Upgrade
Dividend Growth	0%	0%	0%	0%	25.00%	25.00%	25.00%	-38.02%	-	-	-	-	-	-	-	-	-0.41%	0%	0%	0%	5.65%	5.22%	5.22%	5.22%	0%	0%	0%	0%	0%	0%	0%	0%	4.55%	4.55%	4.55%	4.55%	10.00%	10.00%	46.67%	46.67%	Upgrade
Gross Margin	38.90%	41.31%	37.57%	37.06%	33.56%	37.36%	34.48%	31.52%	33.66%	42.13%	43.29%	40.84%	37.70%	40.56%	35.08%	12.72%	35.82%	38.99%	38.85%	36.27%	35.58%	39.69%	39.83%	37.72%	36.81%	39.73%	38.93%	37.88%	33.89%	39.31%	37.31%	35.17%	32.84%	37.33%	37.40%	37.79%	35.22%	40.18%	39.41%	38.84%	Upgrade
Operating Margin	4.98%	6.64%	2.99%	-0.31%	-0.71%	4.61%	-0.73%	-5.67%	0.18%	3.88%	9.71%	6.01%	3.03%	4.38%	2.23%	-59.04%	-5.24%	5.53%	7.04%	8.53%	8.05%	8.88%	9.74%	6.05%	8.29%	9.85%	11.87%	7.38%	6.80%	10.24%	7.24%	6.46%	8.10%	10.73%	9.47%	10.56%	11.02%	13.95%	14.24%	11.74%	Upgrade
Profit Margin	4.30%	5.79%	3.30%	-0.55%	-6.43%	6.98%	-1.27%	-4.66%	-0.35%	-3.85%	6.13%	4.16%	5.29%	2.38%	-1.89%	-44.23%	-3.94%	3.50%	4.19%	6.13%	5.97%	6.51%	7.27%	4.34%	4.29%	5.97%	7.13%	4.16%	4.97%	5.37%	3.25%	3.69%	4.88%	6.43%	5.62%	6.54%	6.78%	8.84%	8.34%	6.89%	Upgrade
Free Cash Flow Margin	13.22%	5.71%	12.15%	-0.79%	14.40%	1.21%	-0.60%	-7.39%	-1.79%	-8.29%	7.29%	5.41%	-6.01%	10.17%	23.42%	-50.40%	15.06%	-6.35%	9.86%	-6.99%	13.39%	-3.99%	10.38%	-5.39%	10.72%	-1.93%	6.05%	-0.55%	17.57%	-1.24%	11.30%	0.84%	14.57%	-2.90%	7.18%	1.67%	17.18%	-1.56%	11.00%	9.30%	Upgrade
Effective Tax Rate	15.14%	12.80%	-8.33%	-	-	-67.86%	-	-	-	-	28.13%	11.23%	-203.90%	21.49%	-	-	-	33.01%	38.01%	24.83%	24.38%	24.00%	23.45%	25.11%	46.48%	37.09%	38.27%	39.92%	22.81%	45.16%	52.47%	37.75%	37.06%	37.37%	37.96%	37.43%	36.45%	34.51%	39.53%	38.97%	Upgrade
EBITDA	370	405	253	140	120	330	105	-66	142	-43	534	361	263	301	143	-1,110	-96	368	429	460	537	516	545	375	545	521	596	395	447	538	436	371	512	559	516	535	674	696	706	576	Upgrade
EBITDA Margin	8.61%	10.75%	7.13%	4.27%	2.83%	8.17%	2.72%	-1.90%	3.14%	-1.09%	12.68%	9.05%	5.94%	7.54%	4.37%	-52.68%	-2.05%	9.20%	10.71%	12.41%	11.62%	12.62%	13.34%	9.91%	11.41%	13.57%	15.69%	11.48%	10.09%	14.17%	11.32%	10.79%	11.68%	14.49%	13.24%	14.63%	14.32%	17.52%	17.73%	15.26%	Upgrade
Depreciation & Amortization	128	127	130	137	138	140	132	130	132	128	124	120	126	125	126	130	140	140	139	138	153	145	140	140	141	139	141	138	144	146	155	148	154	144	146	148	152	141	138	133	Upgrade
EBIT	242	278	123	3	-18	190	-27	-196	10	-171	410	241	137	176	17	-1,240	-236	228	290	322	384	371	405	235	404	382	455	257	303	392	281	223	358	415	370	387	522	555	568	443	Upgrade
EBIT Margin	5.63%	7.38%	3.47%	0.09%	-0.42%	4.70%	-0.70%	-5.64%	0.22%	-4.34%	9.74%	6.04%	3.10%	4.41%	0.52%	-58.85%	-5.05%	5.70%	7.24%	8.69%	8.31%	9.07%	9.91%	6.21%	8.46%	9.95%	11.98%	7.47%	6.84%	10.32%	7.30%	6.49%	8.16%	10.76%	9.49%	10.58%	11.09%	13.97%	14.27%	11.74%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).