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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Tjx Companies	155.36 Bn	149.78 Bn	4.48 Bn	31.28%
2	Ross Stores	76.11 Bn	71.98 Bn	1.78 Bn	29.61%
3	Burlington Stores	20.65 Bn	19.90 Bn	1.26 Bn	44.17%
4	Lululemon Athletica	13.82 Bn	12.30 Bn	1.34 Bn	54.17%
5	Gap	7.34 Bn	4.78 Bn	1.42 Bn	40.52%
6	Victoria's Secret	6.99 Bn	6.79 Bn	585.00 Mn	37.50%
7	Urban Outfitters	6.55 Bn	6.13 Bn	542.57 Mn	36.63%
8	Boot Barn Holdings	5.03 Bn	4.89 Bn	-	-
9	Abercrombie & Fitch	4.85 Bn	4.23 Bn	682.63 Mn	61.29%
10	American Eagle Outfitters	2.73 Bn	2.63 Bn	456.17 Mn	38.16%

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