Welcome to our dedicated page for GAP SEC filings (Ticker: GAP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Gap, Inc. SEC filings document formal disclosures for a specialty apparel retailer operating the Old Navy, Gap, Banana Republic and Athleta brands. Recent Form 8-K filings report results of operations and financial condition, Regulation FD updates, share repurchase authorization activity, and material corporate events related to the company’s public disclosures.
The company’s proxy and governance filings cover board composition, director elections and compensation, executive pay disclosures, equity awards and shareholder voting matters. Other filings include long-term incentive plan award agreement forms, director stock unit arrangements and compensatory disclosures tied to the company’s common stock and corporate governance framework.
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.
GAP INC (GAP) reported second quarter fiscal 2026 results with net sales of $3.65 billion, down 2% year-over-year, and comparable sales down 1%. Despite softer revenue, gross margin reached 52.8%, boosted by a large IEEPA tariff recovery, and operating margin was 18.5%. Excluding this benefit, adjusted gross margin was 41.4% and adjusted operating margin 7.1%. Net income was $501 million (diluted EPS $1.38), while adjusted net income was $190 million (adjusted diluted EPS $0.52).
Brand performance was mixed: Old Navy net sales fell 4% and comps declined 4%, and Athleta net sales and comps declined 12%, while Gap brand net sales grew 9% with 10% comp growth and Banana Republic net sales grew 1% with 3% comp growth. The company ended the quarter with $2.5 billion in cash, cash equivalents and short-term investments and generated year-to-date free cash flow of $261 million. Year-to-date, $726 million was returned to shareholders via dividends and share repurchases.
Gap updated its fiscal 2026 outlook to net sales up 1% to 1.5% and raised adjusted diluted EPS guidance to $2.35–$2.45, while reported EPS is expected at $3.77–$3.87 including one-time items such as tariff refunds and a legal settlement. The company also announced that Michael Francis will become President and CEO of Old Navy on November 2, 2026, succeeding Haio Barbeito, who will move to an advisory role through January 30, 2027.
GAP INC (GAP) reported insider equity activity by President & CEO Richard Dickson. On August 22, 2026, he exercised or converted 109,649 and 116,502 restricted stock units into an equal number of shares of common stock. These RSUs, each representing a contingent right to one Gap Inc. share, were originally granted on August 22, 2023 under two vesting schedules. In related transactions, a total of 122,007 common shares were delivered or withheld at $19.80 per share for payment of exercise price or tax liability.
The Gap, Inc. entered into an amendment to its $2.2 billion asset-based revolving credit facility, extending the prior July 13, 2027 maturity to 2031 while keeping maximum availability unchanged. The facility continues to support working capital, capital expenditures and other general corporate purposes for the company and its subsidiaries.
The facility provides revolving loans in U.S. dollars and Alternative Currencies, including a $300 million letter of credit sublimit, a $200 million swingline sublimit and a $200 million sublimit for Canadian borrowers. U.S. dollar loans bear interest at SOFR plus 125–150 basis points, or at a defined base rate plus 25–50 basis points, with a 25 basis point fee on undrawn commitments. The agreement allows increases in availability, subject to caps, and remains secured by a first lien on specified U.S. and Canadian assets and governed by customary covenants and events of default.
GAP INC director and more than 10% owner William Sydney Fisher reported a mix of stock unit settlements and a share gift. On June 30, 2026, he received 19,036 shares of common stock from stock units granted on June 30, 2023, and 1,743 shares from related dividend equivalent rights, for a total of 20,779 shares issued in settlement. He also made a bona fide gift of 23,000 common shares. After these transactions, he held 15,943,734 GAP INC common shares directly, plus additional indirect holdings through limited partnerships, a trust, and his spouse. The filing notes that the transactions were made under a plan adopted on March 19, 2026 intended to satisfy Rule 10b5-1(c) affirmative defense conditions.
GAP INC director and 10% owner Robert J. Fisher reported routine equity movements involving GAP common stock. He exercised derivative awards, converting stock units and dividend equivalent rights into 19,036 and 1,743 shares of common stock, respectively, as part of compensation previously granted on June 30, 2023. The filing also shows a bona fide gift of 23,000 common shares made at no consideration. Following these updates, the report lists substantial direct and indirect holdings, including 22,015,000 shares held by limited partnerships and 2,329,502 shares held by a trust. These transactions were effected under a plan adopted on March 19, 2026 intended to satisfy Rule 10b5-1(c) conditions.
Gap Inc. director Mayo A. Shattuck III reported compensation-related equity activity on June 30, 2026. He exercised stock units and related dividend equivalent rights into common stock, acquiring 19,036 shares and an additional 1,743 shares of Gap common stock with no cash price shown.
Following these exercises, his direct common stock holdings reported in this filing are 200,118 shares. He also received new awards of 9,903 stock units and 1,282.7261 dividend equivalent rights, each economically tied to one share of Gap common stock. The footnotes state these units are immediately vested but share delivery is generally deferred for three years from grant or until Board service ends.
MILES AMY E reported acquisition or exercise transactions in this Form 4 filing.
GAP INC director Amy E. Miles received new equity awards. She was granted 9,903 stock units and 2,328.6023 dividend equivalent rights, each tied to one share of Gap Inc. common stock. These awards are immediately vested, but delivery of the underlying shares is deferred under the company’s director compensation terms.
Gerson Jody reported acquisition or exercise transactions in this Form 4 filing.
GAP Inc. director Jody Gerson received a grant of 7,814 stock units, each representing a right to one share of common stock. The units are immediately vested, but share delivery is deferred for three years or until Board service ends earlier. Following this grant, Gerson holds 15,548 stock units directly.
FISHER WILLIAM SYDNEY reported acquisition or exercise transactions in this Form 4 filing.
GAP Inc. director and 10% owner William Sydney Fisher reported compensation-related equity awards rather than open-market trades. On June 30, 2026, he received 9,903 stock units and 1,282.7261 dividend equivalent rights, each economically equivalent to one share of GAP Inc. common stock.
The footnotes explain that each stock unit and dividend equivalent right is immediately vested but represents a contingent right to receive common shares. Actual share delivery is generally deferred until three years from the grant date, unless further deferred, or accelerates upon ending service on the Board.