Gap (GAP) Operating Expenses (2009 - 2026)

Gap (GAP) reported Operating Expenses of $972.0 million for Q2 2026, down 18.18% on a YoY basis from $1.2 billion in Q2 2025, and down 29.82% sequentially from $1.4 billion in Q1 2026.

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

Gap (GAP) has 18 years of Operating Expenses data on file, last reported at $972.0 million in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses fell 18.18% year-over-year to $972.0 million; the trailing twelve-month figure through May 2026 stood at $4.9 billion (down 3.4% YoY), and the FY2026 full-year result was $5.2 billion, up 0.74% from the prior year.
  • Operating Expenses declined to $972.0 million in Q2 2026, 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.
  • A 5-year average of $1.3 billion and a median of $1.3 billion in 2022 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses increased 5.13% in 2024 and declined 18.18% in 2026, its largest moves.
  • Tracing GAP's Operating Expenses over 5 years: stood at $1.3 billion in 2022, then fell by 1.28% to $1.3 billion in 2023, then retreated by 1.99% to $1.3 billion in 2024, then climbed by 4.38% to $1.3 billion in 2025, then declined by 27.25% to $972.0 million in 2026.
  • Business Quant data shows GAP's Operating Expenses at $972.0 million in Q2 2026, $1.4 billion in Q1 2026, and $1.3 billion in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tjx Companies 169.48 Bn 163.90 Bn 4.48 Bn 2.79 Bn
2 Ross Stores 74.91 Bn 70.31 Bn 1.80 Bn 990.10 Mn
3 Burlington Stores 21.30 Bn 20.55 Bn 1.26 Bn 2.71 Bn
4 Lululemon Athletica 12.32 Bn 10.51 Bn 2.00 Bn 1.18 Bn
5 Gap 6.81 Bn 4.25 Bn 1.42 Bn 972.00 Mn
6 Victoria's Secret 6.71 Bn 6.55 Bn 585.00 Mn 403.00 Mn
7 Urban Outfitters 5.96 Bn 5.55 Bn 542.57 Mn 402.89 Mn
8 Boot Barn Holdings 4.50 Bn 4.30 Bn 281.24 Mn 295.14 Mn
9 Abercrombie & Fitch 4.04 Bn 3.43 Bn 682.63 Mn 182.75 Mn
10 American Eagle Outfitters 2.94 Bn 2.70 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