Gap (GAP) Gross Margin (2009 - 2026)
Gap (GAP) reported Gross Margin of 40.52% for Q2 2026, down 129.0% on a YoY basis from 139.73% in Q2 2025, and up 6.35% sequentially from 38.1% in Q1 2026.
Gap (GAP) Gross Margin (2009 - 2026) Analysis & Trends
Gap (GAP) has 18 years of Gross Margin data on file, last reported at 40.52% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 129.0% year-over-year to 40.52%; the trailing twelve-month figure through May 2026 stood at 40.5% (down 91.0% YoY), and the FY2026 full-year result was 40.79%, down 49.0% from the prior year.
- Gross Margin climbed to 40.52% in Q2 2026, from 38.1% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 42.7% in Q4 2024 to a low of 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.
- Across the five-year window, Gross Margin slumped 932 bps in 2022 and soared 554 bps in 2023, its largest moves.
- Tracing GAP's Gross Margin over 5 years: stood at 37.36% in 2022, then rose by 11 bps to 41.31% in 2023, then advanced by 3 bps to 42.7% in 2024, then declined by 1 bps to 42.36% in 2025, then declined by 4 bps to 40.52% in 2026.
- Business Quant data shows GAP's Gross Margin at 40.52% in Q2 2026, 38.1% in Q1 2026, and 42.36% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 169.48 Bn | 163.90 Bn | 4.48 Bn | 31.28% |
| 2 | Ross Stores | 74.91 Bn | 70.31 Bn | 1.80 Bn | 27.19% |
| 3 | Burlington Stores | 21.30 Bn | 20.55 Bn | 1.26 Bn | 44.09% |
| 4 | Lululemon Athletica | 12.32 Bn | 10.51 Bn | 2.00 Bn | 54.87% |
| 5 | Gap | 6.81 Bn | 4.25 Bn | 1.42 Bn | 40.52% |
| 6 | Victoria's Secret | 6.71 Bn | 6.55 Bn | 585.00 Mn | 37.50% |
| 7 | Urban Outfitters | 5.96 Bn | 5.55 Bn | 542.57 Mn | 36.63% |
| 8 | Boot Barn Holdings | 4.50 Bn | 4.30 Bn | 281.24 Mn | 39.86% |
| 9 | Abercrombie & Fitch | 4.04 Bn | 3.43 Bn | 682.63 Mn | 61.29% |
| 10 | American Eagle Outfitters | 2.94 Bn | 2.70 Bn | 651.06 Mn | 35.95% |
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% |