In Q2 of fiscal 2026, the quarter ended Aug 1, 2026, Gap, Inc reported revenue of $3.7 billion, down 2.0% from the same quarter a year earlier. Net income was $501.0 million, a profit margin of 13.7%. Operating income came to $676.0 million, an operating margin of 18.5%. Diluted earnings per share were $1.38.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.
| Line |
TTM
Aug 1, 2026
|
Q2 FY2026
Aug 1, 2026
|
Q1 FY2026
May 2, 2026
|
Q4 FY2025
Jan 31, 2026
|
Q3 FY2025
Nov 1, 2025
|
Q2 FY2025
Aug 2, 2025
|
Q1 FY2025
May 3, 2025
|
Q4 FY2024
Feb 1, 2025
|
Q3 FY2024
Nov 2, 2024
|
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
15,326
+1.1%
|
3,651
-2.0%
|
3,497
+1.0%
|
4,236
+2.1%
|
3,942
+3.0%
|
3,725
+0.1%
|
3,463
+2.2%
|
4,149
-3.5%
|
3,829
+1.6%
|
| Cost of revenue |
8,696
-2.7%
|
1,722
-21.3%
|
2,080
+3.2%
|
2,622
+3.4%
|
2,272
+3.6%
|
2,189
+2.4%
|
2,015
+1.2%
|
2,537
-3.4%
|
2,194
-0.8%
|
| Gross profit |
6,630
+6.4%
|
1,929
+25.6%
|
1,417
-2.1%
|
1,614
+0.1%
|
1,670
+2.1%
|
1,536
-3.0%
|
1,448
+3.7%
|
1,612
-3.6%
|
1,635
+5.1%
|
| Operating income |
1,684
+44.4%
|
676
+131.5%
|
445
+71.2%
|
229
-11.6%
|
334
-5.9%
|
292
-0.3%
|
260
+26.8%
|
259
+21.0%
|
355
+42.0%
|
| Interest income |
112
-1.8%
|
28
+3.7%
|
27
+3.8%
|
31
-3.1%
|
26
-10.3%
|
27
+0.0%
|
26
+8.3%
|
32
+14.3%
|
29
+3.6%
|
| Interest expense |
93
+5.7%
|
24
+4.3%
|
22
-4.3%
|
24
+26.3%
|
23
+0.0%
|
23
-4.2%
|
23
+9.5%
|
19
-20.8%
|
23
-17.9%
|
| Pretax income |
1,703
+42.9%
|
680
+129.7%
|
450
+71.1%
|
236
-13.2%
|
337
-6.6%
|
296
+0.0%
|
263
+26.4%
|
272
+24.8%
|
361
+44.4%
|
| Income tax |
456
+50.5%
|
179
+123.8%
|
111
+58.6%
|
65
-1.5%
|
101
+16.1%
|
80
-11.1%
|
70
+40.0%
|
66
+100.0%
|
87
+171.9%
|
| Net income |
1,247
+40.3%
|
501
+131.9%
|
339
+75.6%
|
171
-17.0%
|
236
-13.9%
|
216
+4.9%
|
193
+22.2%
|
206
+11.4%
|
274
+25.7%
|
| Basic EPS |
3.40
+43.7%
|
1.41
+143.1%
|
0.92
+80.4%
|
0.46
-16.3%
|
0.63
-13.7%
|
0.58
+5.5%
|
0.51
+21.4%
|
0.55
+10.4%
|
0.73
+23.7%
|
| Diluted EPS |
3.29
+41.7%
|
1.38
+142.1%
|
0.90
+76.5%
|
0.44
-17.6%
|
0.62
-13.9%
|
0.57
+5.6%
|
0.51
+24.4%
|
0.53
+10.6%
|
0.72
+24.1%
|
| Weighted average shares, basic |
367
-2.4%
|
355
-4.8%
|
367
-2.1%
|
373
-0.8%
|
372
-1.3%
|
373
-0.8%
|
375
+0.3%
|
376
+0.9%
|
377
+1.6%
|
| Weighted average shares, diluted |
379
-1.0%
|
362
-4.5%
|
378
-1.0%
|
390
+0.8%
|
380
-0.8%
|
379
-1.0%
|
382
-0.3%
|
387
+0.7%
|
383
+2.1%
|
| Other measures | |||||||||
| Depreciation and amortization |
512
+3.2%
|
131
+7.4%
|
128
+5.8%
|
128
-0.8%
|
125
+0.8%
|
122
-0.8%
|
121
-2.4%
|
129
+0.8%
|
124
-2.4%
|
| EBITDA |
2,196
+32.1%
|
807
+94.9%
|
573
+50.4%
|
357
-8.0%
|
459
-4.2%
|
414
-0.5%
|
381
+15.8%
|
388
+13.5%
|
479
+27.1%
|
| Interest coverage |
18.11x
|
28.17x
|
20.23x
|
9.54x
|
14.52x
|
12.70x
|
11.30x
|
13.63x
|
15.43x
|
| Margins | |||||||||
| Gross margin |
43.26%
|
52.83%
|
40.52%
|
38.10%
|
42.36%
|
41.23%
|
41.81%
|
38.85%
|
42.70%
|
| Operating margin |
10.99%
|
18.52%
|
12.73%
|
5.41%
|
8.47%
|
7.84%
|
7.51%
|
6.24%
|
9.27%
|
| Pretax margin |
11.11%
|
18.63%
|
12.87%
|
5.57%
|
8.55%
|
7.95%
|
7.59%
|
6.56%
|
9.43%
|
| Profit margin |
8.14%
|
13.72%
|
9.69%
|
4.04%
|
5.99%
|
5.80%
|
5.57%
|
4.97%
|
7.16%
|
| EBITDA margin |
14.33%
|
22.10%
|
16.39%
|
8.43%
|
11.64%
|
11.11%
|
11.00%
|
9.35%
|
12.51%
|
| Effective tax rate |
26.78%
|
26.32%
|
24.67%
|
27.54%
|
29.97%
|
27.03%
|
26.62%
|
24.26%
|
24.10%
|
How these figures are calculated
Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Retail-Family Clothing Stores (SIC 5651)
- Listed as
- GAP (NYSE)
- Fiscal year ends
- February 1
- Incorporated in
- DE
- Headquarters
- San Francisco, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 39911
Other Retail-Family Clothing Stores companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.