The Gap (GAP) Income Statement: Revenue & Earnings

The Gap Income Statement Analysis

Revenue, earnings, and profit margins in billions USD

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The Gap, Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Feb 2025	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019
Revenue & Gross Profit
Revenue	15.09	15.09	14.89	15.62	16.67	13.80	16.38	16.58
Cost of Revenue	8.86	8.86	9.11	10.26	10.03	9.10	10.25	10.26
Gross Profit	6.23	6.23	5.78	5.36	6.64	4.71	6.13	6.32
Operating Expenses
Research & Development	0.04	0.00	0.04	0.05	0.04	0.05	0.04	0.00
Selling, General & Administrative	5.07	5.07	5.38	5.72	4.94	0.00	0.00	0.00
Operating Expenses	5.11	5.12	5.22	5.43	5.83	5.57	5.56	4.96
Operating Income	1.12	1.11	0.56	-0.07	0.81	-0.86	0.57	1.36
Other Income/Expense
Interest Income	0.11	0.11	0.02	0.01	0.01	0.00	0.00	0.03
Interest Expense	-0.09	0.09	0.09	0.17	-0.19	0.00	0.00	0.07
Other Income/Expense	0.00	0.03	-0.05	-0.05	-0.33	0.06	-0.19	0.00
Income
Income Before Tax	1.14	1.14	0.56	-0.14	0.32	-1.10	0.53	1.32
Income Tax Expense	0.29	0.29	0.05	0.06	0.07	-0.44	0.18	0.32
Net Income	0.84	0.84	0.50	-0.20	0.26	-0.67	0.35	1.00
Net Income - Continuous Operations	0.84	0.84	-0.20	0.26	0.00	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	1.62	1.72	1.17	0.49	0.99	-0.40	1.16	1.97
EBIT	1.12	1.22	0.65	-0.05	0.49	-0.91	0.60	1.40
Depreciation & Amortization	0.50	0.50	0.51	0.53	0.50	0.51	0.55	0.00
Earnings Per Share
Basic EPS	2.00	2.00	1.00	-1.00	1.00	-2.00	1.00	3.00
Diluted EPS	2.00	2.00	1.00	-1.00	1.00	-2.00	1.00	3.00
Basic Shares Outstanding	0.38	0.38	0.37	0.37	0.38	0.37	0.38	0.39
Diluted Shares Outstanding	0.38	0.38	0.38	0.37	0.38	0.37	0.38	0.39