Gap (GAP) Operating Leases (2019 - 2026)

Gap's (GAP) quarterly Operating Leases came in at $3.5 billion in Q2 2026, up 4.64% year-on-year from $3.4 billion in Q2 2025, and up 0.98% quarter-over-quarter from $3.5 billion in Q1 2026.

Gap (GAP) Operating Leases (2019 - 2026) Analysis & Trends

Gap has disclosed Operating Leases across 8 years of filings, most recently posting $3.5 billion for Q2 2026.

  • Operating Leases for Q2 2026 came in at $3.5 billion, up 4.64% year-over-year; the trailing twelve-month figure through May 2026 was $3.5 billion (up 4.64% YoY), and the FY2026 annual result was $3.5 billion, up 3.94% from the prior year.
  • Operating Leases came in at $3.5 billion for Q2 2026 at Gap, up from $3.5 billion in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $4.0 billion in Q1 2022 to a low of $3.4 billion in Q1 2024.
  • The 5-year median for Operating Leases is $3.5 billion (2023), against an average of $3.5 billion.
  • Across the five-year window, Operating Leases dropped 12.79% in 2023 and rose 4.64% in 2026, its largest moves.
  • Gap's Operating Leases stood at $3.7 billion in 2022, then dropped by 5.91% to $3.5 billion in 2023, then decreased by 2.78% to $3.4 billion in 2024, then increased by 1.07% to $3.4 billion in 2025, then rose by 3.62% to $3.5 billion in 2026.
  • The last three Operating Leases figures came in at $3.5 billion (Q2 2026), $3.5 billion (Q1 2026), and $3.4 billion (Q4 2025), per Business Quant data.

Peer Comparison

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

Historic Data

Download Data
DateValue
May 2, 2026 3.52 Bn
Jan 31, 2026 3.49 Bn
Nov 1, 2025 3.40 Bn
Aug 2, 2025 3.47 Bn
May 3, 2025 3.36 Bn
Feb 1, 2025 3.35 Bn
Nov 2, 2024 3.36 Bn
Aug 3, 2024 3.36 Bn
May 4, 2024 3.39 Bn
Feb 3, 2024 3.35 Bn
Oct 28, 2023 3.46 Bn
Jul 29, 2023 3.43 Bn
Apr 29, 2023 3.45 Bn
Jan 28, 2023 3.52 Bn
Oct 29, 2022 3.67 Bn
Jul 30, 2022 3.86 Bn
Apr 30, 2022 3.92 Bn
Jan 29, 2022 4.03 Bn
Oct 30, 2021 4.16 Bn
Jul 31, 2021 4.35 Bn