Gap (GAP) Operating Expenses (2009 - 2026)
Gap's (GAP) quarterly Operating Expenses came in at $1.3 billion in Q3 2026, up 0.72% year-over-year from $1.2 billion in Q3 2025, and up 28.91% quarter-over-quarter from $972.0 million in Q2 2026.
Analysis
Gap (GAP) Operating Expenses (2009 - 2026) Analysis & Trends
Gap has disclosed Operating Expenses across 18 years of filings, most recently posting $1.3 billion for Q3 2026.
- In Q3 2026, Operating Expenses rose 0.72% year-over-year to $1.3 billion; the TTM figure through Aug 2026 stood at $4.9 billion (down 2.35% YoY), while the FY2026 annual figure was $5.2 billion, up 0.74% from the prior year.
- Operating Expenses came in at $1.3 billion for Q3 2026 at Gap, up from $972.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.5 billion in Q1 2022 to a low of $972.0 million in Q2 2026.
- Average Operating Expenses over 5 years is $1.3 billion, with a median of $1.3 billion recorded in 2022.
- Year-over-year, Operating Expenses rose 5.13% in 2024 and fell 18.18% in 2026.
- Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then retreated by 1.28% to $1.3 billion in 2023, then decreased by 1.99% to $1.3 billion in 2024, then grew by 4.38% to $1.3 billion in 2025, then fell by 6.21% to $1.3 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.3 billion in Q3 2026, $972.0 million in Q2 2026, and $1.4 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 139.36 Bn | 133.35 Bn | 5.07 Bn | 3.09 Bn |
| 2 | Ross Stores | 71.50 Bn | 67.21 Bn | 2.12 Bn | 1.02 Bn |
| 3 | Burlington Stores | 15.08 Bn | 14.38 Bn | 1.39 Bn | 2.76 Bn |
| 4 | Gap | 7.60 Bn | 5.11 Bn | 1.93 Bn | 1.25 Bn |
| 5 | Urban Outfitters | 6.79 Bn | 6.38 Bn | 542.57 Mn | 402.89 Mn |
| 6 | Abercrombie & Fitch | 6.67 Bn | 6.03 Bn | 822.65 Mn | 204.78 Mn |
| 7 | Victoria's Secret | 6.15 Bn | 5.62 Bn | 759.00 Mn | 502.00 Mn |
| 8 | Boot Barn Holdings | 4.38 Bn | 4.24 Bn | - | - |
| 9 | American Eagle Outfitters | 2.85 Bn | 2.75 Bn | 456.17 Mn | 376.49 Mn |
| 10 | Buckle | 2.08 Bn | 1.79 Bn | 133.48 Mn | 129.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 1.25 Bn |
| May 2, 2026 | 972.00 Mn |
| Jan 31, 2026 | 1.39 Bn |
| Nov 1, 2025 | 1.34 Bn |
| Aug 2, 2025 | 1.24 Bn |
| May 3, 2025 | 1.19 Bn |
| Feb 1, 2025 | 1.35 Bn |
| Nov 2, 2024 | 1.28 Bn |
| Aug 3, 2024 | 1.29 Bn |
| May 4, 2024 | 1.19 Bn |
| Feb 3, 2024 | 1.46 Bn |
| Oct 28, 2023 | 1.31 Bn |
| Jul 29, 2023 | 1.23 Bn |
| Apr 29, 2023 | 1.22 Bn |
| Jan 28, 2023 | 1.45 Bn |
| Oct 29, 2022 | 1.32 Bn |
| Jul 30, 2022 | 1.36 Bn |
| Apr 30, 2022 | 1.29 Bn |
| Jan 29, 2022 | 1.52 Bn |
| Oct 30, 2021 | 1.51 Bn |