Growth Metrics

Gap (GAP) Gross Margin (2016 - 2026)

Gap (GAP) has disclosed Gross Margin for 18 consecutive years, with 38.1% as the latest value for Q1 2026.

  • Quarterly Gross Margin fell 75.0% to 38.1% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 40.79% through Jan 2026, down 49.0% year-over-year, with the annual reading at 40.79% for FY2026, 49.0% down from the prior year.
  • Gross Margin hit 38.1% in Q1 2026 for Gap, down from 42.36% 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.
  • Historically, Gross Margin has averaged 38.49% across 5 years, with a median of 38.85% in 2025.
  • Biggest five-year swings in Gross Margin: tumbled -932bps in 2022 and later surged 554bps in 2023.
  • Year by year, Gross Margin stood at 37.36% in 2022, then rose by 11bps to 41.31% in 2023, then increased by 3bps to 42.7% in 2024, then decreased by -1bps to 42.36% in 2025, then dropped by -10bps to 38.1% in 2026.
  • Business Quant data shows Gross Margin for GAP at 38.1% in Q1 2026, 42.36% in Q4 2025, and 41.23% in Q3 2025.