Jul 2026 (Q2 FY27) — Aug 27, 2026
The Gap, Inc. Q2 FY27 — Mixed Sales, Strong Profitability & Shareholder Returns
Read the full callGAP (GAP) earnings
- Aug 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
GAP earnings: last reported Thu, 27 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,651 | −2.0% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 18.5 | +10.7 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 501 | +131.9% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Price
$23.54 +1.82% · +$0.42
Performance +9.0% 1Y
1Y: $21.6 on 17 Oct 2025 → $23.54. High $29.13 (6 Feb 2026), low $18.35 (8 Jul 2026).
- Previous close
- $23.12
- 52-week range
- $18.35 – $29.13
- One year
- +7.10%
Overview
- Symbol
- GAP
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
Apr 2026 (Q1 FY27) — May 28, 2026
The Gap, Inc. Q1 FY27 — Gap brand +10% comp offsets Old Navy seasonal miss; EPS outlook raised, revenue trimmed
Read the full callJan 2026 (Q4 FY26) — Mar 5, 2026
The Gap, Inc. Q4 FY26 — Strong Performance Across Core Brands and Strategic Growth Accelerators
Read the full callEvery analysed call
GAP earnings calls (GAP)
Financials
What the filings say
Net profit, year on year: +132% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Jan 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,829 | 4,149 | 3,463 | 3,725 | 3,942 | 4,236 | 3,497 | 3,651 |
| Operating profit | 355 | 259 | 260 | 292 | 334 | 229 | 445 | 676 |
| Operating margin | 9.3% | 6.2% | 7.5% | 7.8% | 8.5% | 5.4% | 12.7% | 18.5% |
| Interest | 23 | 19 | 23 | 23 | 23 | 24 | 22 | 24 |
| Profit before tax | 361 | 272 | 263 | 296 | 337 | 236 | 450 | 680 |
| Tax rate | 24.1% | 24.3% | 26.6% | 27.0% | 30.0% | 27.5% | 24.7% | 26.3% |
| Net profit | 274 | 206 | 193 | 216 | 236 | 171 | 339 | 501 |
| EPS ($ per share) | 0.73 | — | 0.51 | 0.58 | 0.63 | — | 0.92 | 1.41 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 19 | 19 | 19 | 19 | 18 | 19 | 19 | 19 |
| Reserves | 3,481 | 3,257 | 2,501 | 2,622 | 2,140 | 2,420 | 3,039 | 3,608 |
| Total liabilities | 4,496 | 10,363 | 11,155 | 10,039 | 9,153 | 8,449 | 8,621 | 8,831 |
| Fixed assets | 2,912 | 3,122 | 2,841 | 3,037 | 2,688 | 2,566 | 2,496 | 2,507 |
| Investments | 288 | 290 | 410 | 0 | — | 0 | 253 | 386 |
| Total assets | 8,049 | 13,679 | 13,769 | 12,761 | 11,386 | 11,044 | 11,885 | 12,632 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,381 | 1,411 | 237 | 809 | 607 | 1,532 | 1,486 | 1,293 |
| Cash from investing | -1,001 | -894 | -510 | -446 | -227 | -334 | -692 | -600 |
| Cash from financing | -749 | -560 | 895 | -1,471 | 6 | -567 | -321 | -419 |
| Net cash flow | -379 | -39 | 635 | -1,114 | 371 | 628 | 464 | 279 |
| Capital expenditure | -705 | -702 | -392 | -694 | -685 | -420 | -447 | -470 |
| Free cash flow | 676 | 709 | -155 | 115 | -78 | 1,112 | 1,039 | 823 |
GAP operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|
| Loyalty program members | <40Mhas one of the largest programs in US apparel retail with nearly 40 million active members.Source: earnings call transcript | ~40MIn the first quarter, we also relaunched our loyalty program, Encore, transitioning our house file of around 40 million customers from a traditional transaction-based program to a broader customer engagement platform.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
151 filings between Nov 8, 2025 and Oct 6, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$84.32M
32 sales by 11 insiders
53% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 7
- Award — granted as compensation
- 52
- Option exercise — converted options into shares
- 38
- Tax withheld — shares kept back by the company to cover tax
Also filed: 16 gifts, 6 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| FISHER WILLIAM SYDNEY | — | $37.09M | Oct 6, 2026 |
| FISHER JOHN J | — | $14.67M | Apr 8, 2026 |
| FISHER ROBERT J | — | $13.72M | Dec 1, 2025 |
| Gruber Julie | — | $5.08M | Oct 6, 2026 |
| O'Connell Katrina | — | $4.52M | Mar 19, 2026 |
| Breitbard Mark | — | $3.71M | Mar 19, 2026 |
| Barbeito Horacio | — | $2.73M | Mar 20, 2026 |
| Gilligan Sarah | — | $1.75M | Mar 23, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 6, 2026 | FISHER WILLIAM SYDNEY Director | Sale | 500,000 | $11.95M |
| Oct 6, 2026 | Gruber Julie Chief Legal&Compliance Officer | Sale 10b5-1 plan | 27,538 | $648.7K |
| Oct 5, 2026 | FISHER WILLIAM SYDNEY Director | Sale | 433,656 | $10.13M |
| Sep 30, 2026 | FISHER WILLIAM SYDNEY Director | Sale | 66,344 | $1.53M |
| Sep 29, 2026 | FISHER WILLIAM SYDNEY Director | Gift | 21,625 | $0 |
| Sep 29, 2026 | FISHER ROBERT J Director | Gift | 43,250 | $0 |
| Sep 2, 2026 | FISHER ROBERT J Director | Other | 4,089 | $0 |
| Sep 2, 2026 | FISHER JOHN J 10% owner | Other | 4,003,636 | $0 |
| Sep 2, 2026 | FISHER ROBERT J Director | Other | 6,004,089 | $0 |
| Sep 2, 2026 | FISHER JOHN J 10% owner | Other | 3,636 | $0 |
| Aug 31, 2026 | FISHER WILLIAM SYDNEY Director | Other | 4,089 | $0 |
| Aug 31, 2026 | FISHER WILLIAM SYDNEY Director | Other | 6,004,089 | $0 |
| Aug 22, 2026 | DICKSON RICHARD President & CEO, Gap Inc. | Option exercise | 109,649 | $0 |
| Aug 22, 2026 | DICKSON RICHARD President & CEO, Gap Inc. | Tax withheld | 62,852 | $1.24M |
| Aug 22, 2026 | DICKSON RICHARD President & CEO, Gap Inc. | Option exercise | 116,502 | $0 |
| Aug 22, 2026 | DICKSON RICHARD President & CEO, Gap Inc. | Tax withheld | 59,155 | $1.17M |
| Jun 30, 2026 | FISHER WILLIAM SYDNEY Director | Option exercise 10b5-1 plan | 1,743 | $0 |
| Jun 30, 2026 | FISHER WILLIAM SYDNEY Director | Option exercise 10b5-1 plan | 19,036 | $0 |
| Jun 30, 2026 | FISHER ROBERT J Director | Gift 10b5-1 plan | 23,000 | $0 |
| Jun 30, 2026 | FISHER ROBERT J Director | Option exercise 10b5-1 plan | 1,743 | $0 |
| Jun 30, 2026 | FISHER ROBERT J Director | Option exercise 10b5-1 plan | 19,036 | $0 |
| Jun 30, 2026 | FISHER WILLIAM SYDNEY Director | Gift 10b5-1 plan | 23,000 | $0 |
| Jun 30, 2026 | O'Neill Chris Director | Option exercise | 19,036 | $0 |
| Jun 30, 2026 | Shaukat Tariq M Director | Option exercise | 1,743 | $0 |
| Jun 30, 2026 | Hall Kathryn A. Director | Option exercise | 19,036 | $0 |
| Jun 30, 2026 | Hall Kathryn A. Director | Option exercise | 1,743 | $0 |
| Jun 30, 2026 | SHATTUCK MAYO A III Director | Option exercise | 19,036 | $0 |
| Jun 30, 2026 | O'Neill Chris Director | Option exercise | 1,743 | $0 |
| Jun 30, 2026 | SHATTUCK MAYO A III Director | Option exercise | 1,743 | $0 |
| Jun 30, 2026 | DICKSON RICHARD President & CEO, Gap Inc. | Option exercise | 12,204 | $0 |
| Jun 30, 2026 | DICKSON RICHARD President & CEO, Gap Inc. | Option exercise | 1,117 | $0 |
| Jun 30, 2026 | Shaukat Tariq M Director | Option exercise | 19,036 | $0 |
| Jun 8, 2026 | FISHER JOHN J 10% owner | Gift | 273,596 | $0 |
| Apr 17, 2026 | Gruber Julie Chief Legal&Compliance Officer | Option exercise 10b5-1 plan | 5,302 | $73.9K |
| Apr 17, 2026 | Gruber Julie Chief Legal&Compliance Officer | Sale 10b5-1 plan | 5,302 | $143.2K |
| Apr 10, 2026 | Chan Eric Kayen Chief Business & Strat Officer | Sale | 936 | $24.5K |
| Apr 10, 2026 | Chan Eric Kayen Chief Business & Strat Officer | Sale | 12,441 | $325.8K |
| Apr 8, 2026 | FISHER JOHN J 10% owner | Sale | 300,000 | $7.62M |
| Apr 6, 2026 | Thompson Amanda J Chief People Officer | Sale | 1,788 | $44.9K |
| Apr 6, 2026 | Thompson Amanda J Chief People Officer | Sale | 23,212 | $583.4K |
| Apr 2, 2026 | FISHER ROBERT J Director | Gift | 150,000 | $0 |
| Apr 2, 2026 | FISHER JOHN J 10% owner | Gift | 56,870 | $0 |
| Mar 23, 2026 | Gilligan Sarah Chief Sup Chn & Transform Ofcr | Sale 10b5-1 plan | 69,912 | $1.75M |
| Mar 20, 2026 | Barbeito Horacio President & CEO, Old Navy | Sale 10b5-1 plan | 113,684 | $2.73M |
| Mar 19, 2026 | O'Connell Katrina Chief Financial Officer | Sale 10b5-1 plan | 8,486 | $201.4K |
| Mar 19, 2026 | Breitbard Mark President & CEO, Gap Brand | Sale 10b5-1 plan | 8,486 | $201.4K |
| Mar 18, 2026 | O'Connell Katrina Chief Financial Officer | Sale 10b5-1 plan | 11,503 | $278.5K |
| Mar 18, 2026 | Breitbard Mark President & CEO, Gap Brand | Sale 10b5-1 plan | 11,899 | $288.1K |
| Mar 18, 2026 | Thompson Amanda J Chief People Officer | Tax withheld | 4,017 | $95.8K |
| Mar 18, 2026 | Thompson Amanda J Chief People Officer | Option exercise | 7,897 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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