Gap (GAP) Operating Expenses (2009 - 2026)
Gap (GAP) posted Operating Expenses of $972.0 million for Q2 2026, down 29.82% sequentially from $1.4 billion in Q1 2026, and down 18.18% YoY from $1.2 billion in Q2 2025.
Gap (GAP) Operating Expenses (2009 - 2026) Analysis & Trends
Gap has reported Operating Expenses for 18 years, with the latest figure at $972.0 million in Q2 2026.
- Quarterly Operating Expenses fell 18.18% year-over-year to $972.0 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $4.9 billion (down 3.4% YoY) and the FY2026 annual result came in at $5.2 billion, up 0.74% from the prior year.
- Operating Expenses declined to $972.0 million in Q2 2026 per GAP's latest filing, from $1.4 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.5 billion in Q1 2022 and troughed at $972.0 million in Q2 2026.
- A 5-year average of $1.3 billion and a median of $1.3 billion in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses gained 5.13% in 2024, then retreated 18.18% in 2026.
- Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then slipped by 1.28% to $1.3 billion in 2023, then dropped by 1.99% to $1.3 billion in 2024, then rose by 4.38% to $1.3 billion in 2025, then decreased by 27.25% to $972.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $972.0 million, $1.4 billion, and $1.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 155.79 Bn | 150.21 Bn | 4.48 Bn | 2.79 Bn |
| 2 | Ross Stores | 73.01 Bn | 68.88 Bn | 1.78 Bn | 975.86 Mn |
| 3 | Burlington Stores | 20.93 Bn | 20.19 Bn | 1.26 Bn | 2.71 Bn |
| 4 | Lululemon Athletica | 13.36 Bn | 11.84 Bn | 1.34 Bn | 1.06 Bn |
| 5 | Gap | 7.23 Bn | 4.67 Bn | 1.42 Bn | 972.00 Mn |
| 6 | Victoria's Secret | 7.03 Bn | 6.82 Bn | 585.00 Mn | 509.00 Mn |
| 7 | Urban Outfitters | 6.38 Bn | 5.97 Bn | 542.57 Mn | 402.89 Mn |
| 8 | Boot Barn Holdings | 4.90 Bn | 4.76 Bn | - | - |
| 9 | Abercrombie & Fitch | 4.70 Bn | 4.08 Bn | 682.63 Mn | 182.75 Mn |
| 10 | American Eagle Outfitters | 2.69 Bn | 2.58 Bn | 456.17 Mn | 376.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 31, 2021 | 1.41 Bn |