GAP · NYSE · Apparel - Retail

Gap (GAP)

Runs four apparel brands across value, casual, lifestyle, and women's performance markets.

$21.47
After hours−0.01 (−0.02%)
At close$21.48(+1.06%)
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The Gap, Inc.GAP
Consumer Discretionary

Sells apparel, accessories, and personal-care products through Old Navy, Gap, Banana Republic, and Athleta, using stores, websites, franchise partners, and third-party arrangements. Distinct brand identities sit on shared sourcing, digital, distribution, real-estate, and corporate infrastructure.

Operates Old Navy, Gap, Banana Republic, and Athleta as distinct apparel brands spanning value family fashion, casual essentials, lifestyle products, and women's performance wear. The portfolio also sells accessories and personal-care products for men, women, and children through stores and websites.

Reaches customers through company-operated and franchise stores, digital channels, and third-party arrangements. Its company-operated footprint is concentrated in the United States, Canada, Japan, and Taiwan, while franchise partners extend distribution into additional regions.

Uses separate merchandise and marketing to maintain each brand's identity while sharing sourcing, digital, distribution, real-estate, and corporate infrastructure. Execution depends on apparel demand, inventory and size allocation, store economics, partner performance, global sourcing, and human-rights controls.

Company facts

CEORichard Dickson
ListedJul 30, 1976
ExchangeNYSE
HeadquartersSan Francisco, CA
CountryUnited States
Employees79,000
CIK0000039911
ISINUS3647601083

Market cap$7.65B
EPS (ttm)$3.35
P/E (ttm)6.34
ROE33.1%
P/B1.94
P/S0.4991
Dividend yieldDiv yield3.20%
Beta1.26vs XLY 1.32

Price target$23.00+7.0%Average of 48 analysts
ConsensusHold31 of 48 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 8, 2026BMO CapitalInitiate
Rating: Target:
Rating: Market PerformTarget: $23
Aug 31, 2026Goldman SachsReiterate
Rating: Target: $25
Rating: BuyTarget: $27
Aug 28, 2026Morgan StanleyReiterate
Rating: Target: $21
Rating: Equal WeightTarget: $23
Aug 28, 2026BTIGReiterate
Rating: Target: $26
Rating: BuyTarget: $27
Aug 28, 2026UBSReiterate
Rating: Target: $41
Rating: BuyTarget: $42

Next report
Nov 19, 26
in 58 days
EPS estimate
$0.79
Revenue estimate
$4.02B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$0.54$0.51$0.57$0.62$0.45$0.38$0.52Pending
Estimate$0.36$0.45$0.55$0.59$0.45$0.37$0.48$0.79
Surprise+50.0%+12.9%+3.4%+5.6%0.0%+1.8%+8.2%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$4.15B$3.46B$3.73B$3.94B$4.24B$3.50B$3.65BPending
Estimate$4.07B$3.42B$3.73B$3.90B$4.24B$3.52B$3.69B$4.02B
Surprise+1.9%+1.3%−0.2%+1.0%−0.2%−0.5%−1.0%
Estimate$0.79
ReportedDue Nov 19, 2026
Estimate$4.02B
ReportedDue Nov 19, 2026
View details

Debt to equity144.80%
Current ratio182.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.83B$4.15B$3.46B$3.73B$3.94B$4.24B$3.50B$3.65B
Net income$274.0M$206.0M$193.0M$216.0M$236.0M$171.0M$339.0M$501.0M
Net margin7.2%5.0%5.6%5.8%6.0%4.0%9.7%13.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$355.0M$259.0M$260.0M$292.0M$334.0M$229.0M$445.0M$676.0M
YoY growth+42.0%+21.0%+26.8%−0.3%−5.9%−11.6%+71.2%+131.5%

Balance sheet, Aug 1, 2026Cash & short-term investments $2.49B · Total debt $5.72B · Total assets $12.86B · Shareholders' equity $3.95B

Revenue
$3.65B
Operating income
$676.0M
Net income
$501.0M
View details

Dividend yield
3.20%
Next ex-date
Oct 7, 26
in 15 days
Annual dividend
$0.68
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Dividend$0.15$0.165$0.165$0.165$0.165$0.175$0.175$0.175
Annual yield2.52%3.03%2.78%3.12%2.48%2.63%3.71%3.21%
Ex-dateJan 8Apr 9Jul 9Oct 8Jan 7Apr 8Jul 8Oct 7
Payment dateJan 29Apr 30Jul 30Oct 29Jan 28Apr 29Jul 29Oct 28
View details

Insiders50.16%176.20M shares
18 holders · as of Sep 4, 2026
Other49.84%175.07M shares
remainder

351.27M company shares as of Sep 22, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
William S. FisherInsider
14.58%51.21Mfiled Aug 31, 2026
John J. Fisher1Insider10 percent owner
13.04%45.80Mfiled Sep 4, 2026
Robert J. Fisher2,3Insiderdirector, 10 percent owner
12.99%45.62Mfiled Sep 4, 2026
William Sydney FisherInsiderdirector, 10 percent owner
9.09%31.94Mfiled Aug 31, 2026
Richard DicksonInsiderdirector, officer: President & CEO, Gap Inc.
0.23%790,555filed Aug 25, 2026
  1. John J. Fisher's transaction reports restate only vehicles that traded; the 2026 ownership statement (45.80M) is used instead.
  2. Robert J. Fisher's transaction reports restate only vehicles that traded; the 2026 ownership statement (45.62M) is used instead.
  3. Robert J. Fisher reports a block also reported by William Sydney Fisher; it is counted once, under William Sydney Fisher.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Apr 17, 2026Julie Gruberofficer: Chief Legal&Compliance Officer−5,302$27.00
Apr 10, 2026Eric Kayen Chanofficer: Chief Business & Strat Officer−13,377$26.18
Apr 8, 2026John J. Fisher10 percent owner−300,000$25.40
Apr 6, 2026Amanda J. Thompsonofficer: Chief People Officer−25,000$25.14
Mar 23, 2026Sarah Gilliganofficer: Chief Sup Chn & Transform Ofcr−69,912$25.00
View details

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