Every 10-Q that The Gap, Inc. (GAP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GAP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GAP filings page.
GAP INC (GAP) reported significantly stronger profitability for the quarter ended August 1, 2026, despite slightly lower sales. Net sales were $3.65 billion, down 2% year over year, but gross margin expanded to 52.8% from 41.2%, driven largely by about $417 million in net IEEPA tariff recoveries that reduced cost of goods sold.
Operating income rose to $676 million from $292 million, and net income more than doubled to $501 million, with diluted EPS at $1.38 versus $0.57. For the first half, results also reflect a $313 million interchange-fee litigation gain and a $50 million charitable contribution. Comp sales performance was mixed (Gap Global up 10%, Athleta Global down double digits) and total company comps were flat year-to-date. Liquidity remained solid with $2.10 billion in cash, $382 million in short-term investments, and an undrawn $2.2 billion ABL facility, even after $601 million of share repurchases and ongoing dividends.
The Gap, Inc. reported first‑quarter fiscal 2026 net sales of $3,497 million, slightly above the prior year’s $3,463 million. Net income rose to $339 million, with diluted EPS of $0.90 versus $0.51, helped by a $313 million credit card interchange fee litigation settlement and a concurrent $50 million charitable contribution.
Gross margin was 40.5% compared with 41.8% a year ago, as higher tariff costs more than offset lower promotions. Comparable sales increased 2% overall, including 10% growth at Gap Global and an 11% decline at Athleta Global.
Gap ended the quarter with cash and cash equivalents of $2,162 million and short‑term investments of $399 million, against long‑term debt of $1,492 million and an undrawn $2.2 billion ABL Facility. Free cash flow was $78 million. The company repurchased 15 million shares for $361 million, including a $200 million accelerated share repurchase, under a $1.0 billion authorization with $599 million remaining, and paid a quarterly dividend of $0.175 per share.
The Gap, Inc. reported modest top-line growth but lower profits for the third quarter of fiscal 2025. Net sales rose to $3.94 billion from $3.83 billion, driven by a 3% increase in store and franchise sales and a 2% rise in online sales. Comparable sales grew 5% overall, with Old Navy and Gap both up mid‑single digits, while Athleta declined 11%.
Gross profit edged up to $1.67 billion, but gross margin slipped to 42.4% from 42.7% as higher U.S. tariffs increased cost of goods sold. Operating income fell to $334 million from $355 million, and net income declined to $236 million from $274 million. Diluted EPS was $0.62 versus $0.72 a year ago, partly reflecting a higher effective tax rate of 30.0%.
The company ended the quarter with $2.26 billion in cash and cash equivalents and $255 million in short-term investments, against $1.49 billion of long-term debt, plus an undrawn $2.2 billion ABL facility. Free cash flow for the first 39 weeks was $280 million, down from $540 million, as operating cash flow decreased. Gap repurchased $152 million of stock year-to-date, continues to pay a quarterly dividend of $0.165 per share, and highlights that recently enacted and potential tariffs are pressuring current and future gross margins.