Gap (GAP) Operating Expenses (2009 - 2026)

Gap's (GAP) quarterly Operating Expenses came in at $972.0 million in Q2 2026, down 18.18% year-on-year from $1.2 billion in Q2 2025, and down 29.82% quarter-over-quarter from $1.4 billion in Q1 2026.

Gap (GAP) Operating Expenses (2009 - 2026) Analysis & Trends

Gap has disclosed Operating Expenses across 18 years of filings, most recently posting $972.0 million for Q2 2026.

  • Operating Expenses for Q2 2026 came in at $972.0 million, down 18.18% year-over-year; the trailing twelve-month figure through May 2026 was $4.9 billion (down 3.4% YoY), and the FY2026 annual result was $5.2 billion, up 0.74% from the prior year.
  • Operating Expenses came in at $972.0 million for Q2 2026 at Gap, down from $1.4 billion 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.
  • The 5-year median for Operating Expenses is $1.3 billion (2022), against an average of $1.3 billion.
  • Across the five-year window, Operating Expenses increased 5.13% in 2024 and declined 18.18% in 2026, its largest moves.
  • Gap's 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 27.25% to $972.0 million in 2026.
  • The last three Operating Expenses figures came in at $972.0 million (Q2 2026), $1.4 billion (Q1 2026), and $1.3 billion (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tjx Companies 177.75 Bn 172.17 Bn 4.48 Bn 2.79 Bn
2 Ross Stores 74.23 Bn 69.64 Bn 1.80 Bn 990.10 Mn
3 Burlington Stores 19.90 Bn 19.15 Bn 1.26 Bn 773.83 Mn
4 Lululemon Athletica 13.59 Bn 11.78 Bn 2.00 Bn 1.18 Bn
5 Gap 7.91 Bn 5.35 Bn 1.42 Bn 972.00 Mn
6 Urban Outfitters 6.43 Bn 5.73 Bn 599.20 Mn 440.50 Mn
7 Boot Barn Holdings 5.12 Bn 4.92 Bn 281.24 Mn 166.46 Mn
8 Victoria's Secret 4.37 Bn 3.90 Bn 855.00 Mn 959.00 Mn
9 Abercrombie & Fitch 3.57 Bn 2.80 Bn 1.10 Bn 181.82 Mn
10 American Eagle Outfitters 2.83 Bn 2.59 Bn 651.06 Mn 418.20 Mn

Historic Data

Download Data
DateValue
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