Gap (GAP) Gross Margin (2009 - 2026)
Gap (GAP) posted Gross Margin of 40.52% for Q2 2026, up 6.35% sequentially from 38.1% in Q1 2026, and down 129.0% YoY from 139.73% in Q2 2025.
Gap (GAP) Gross Margin (2009 - 2026) Analysis & Trends
Gap has reported Gross Margin for 18 years, with the latest figure at 40.52% in Q2 2026.
- Quarterly Gross Margin fell 129.0% year-over-year to 40.52% in Q2 2026, while the trailing twelve-month figure through May 2026 was 40.5% (down 91.0% YoY) and the FY2026 annual result came in at 40.79%, down 49.0% from the prior year.
- Gross Margin climbed to 40.52% in Q2 2026 per GAP's latest filing, from 38.1% in the prior quarter.
- Over five years, Gross Margin peaked at 42.7% in Q4 2024 and troughed at 31.52% in Q2 2022.
- A 5-year average of 38.6% and a median of 38.88% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 932 bps in 2022, then surged 554 bps in 2023.
- Over 5 years, Gross Margin stood at 37.36% in 2022, then climbed by 11 bps to 41.31% in 2023, then increased by 3 bps to 42.7% in 2024, then decreased by 1 bps to 42.36% in 2025, then decreased by 4 bps to 40.52% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 40.52%, 38.1%, and 42.36% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 155.79 Bn | 150.21 Bn | 4.48 Bn | 31.28% |
| 2 | Ross Stores | 73.01 Bn | 68.88 Bn | 1.78 Bn | 29.61% |
| 3 | Burlington Stores | 20.93 Bn | 20.19 Bn | 1.26 Bn | 44.17% |
| 4 | Lululemon Athletica | 13.36 Bn | 11.84 Bn | 1.34 Bn | 54.17% |
| 5 | Gap | 7.23 Bn | 4.67 Bn | 1.42 Bn | 40.52% |
| 6 | Victoria's Secret | 7.03 Bn | 6.82 Bn | 585.00 Mn | 37.50% |
| 7 | Urban Outfitters | 6.38 Bn | 5.97 Bn | 542.57 Mn | 36.63% |
| 8 | Boot Barn Holdings | 4.90 Bn | 4.76 Bn | - | - |
| 9 | Abercrombie & Fitch | 4.70 Bn | 4.08 Bn | 682.63 Mn | 61.29% |
| 10 | American Eagle Outfitters | 2.69 Bn | 2.58 Bn | 456.17 Mn | 38.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 40.52% |
| Jan 31, 2026 | 38.10% |
| Nov 1, 2025 | 42.36% |
| Aug 2, 2025 | 41.23% |
| May 3, 2025 | 41.81% |
| Feb 1, 2025 | 38.85% |
| Nov 2, 2024 | 42.70% |
| Aug 3, 2024 | 42.55% |
| May 4, 2024 | 41.23% |
| Feb 3, 2024 | 38.90% |
| Oct 28, 2023 | 41.31% |
| Jul 29, 2023 | 37.57% |
| Apr 29, 2023 | 37.06% |
| Jan 28, 2023 | 33.56% |
| Oct 29, 2022 | 37.36% |
| Jul 30, 2022 | 34.48% |
| Apr 30, 2022 | 31.52% |
| Jan 29, 2022 | 33.66% |
| Oct 30, 2021 | 42.13% |
| Jul 31, 2021 | 43.29% |