Gap (GAP) Operating Leases (2019 - 2026)

Gap (GAP) reported Operating Leases of $3.5 billion for Q2 2026, up 4.64% on a YoY basis from $3.4 billion in Q2 2025, and up 0.98% sequentially from $3.5 billion in Q1 2026.

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

Gap (GAP) has 8 years of Operating Leases data on file, last reported at $3.5 billion in Q2 2026.

  • For the quarter ending Q2 2026, Operating Leases rose 4.64% year-over-year to $3.5 billion; the trailing twelve-month figure through May 2026 stood at $3.5 billion (up 4.64% YoY), and the FY2026 full-year result was $3.5 billion, up 3.94% from the prior year.
  • Operating Leases improved to $3.5 billion in Q2 2026, 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.
  • A 5-year average of $3.5 billion and a median of $3.5 billion in 2023 frame the typical range for Operating Leases.
  • Across the five-year window, Operating Leases dropped 12.79% in 2023 and rose 4.64% in 2026, its largest moves.
  • Tracing GAP's Operating Leases over 5 years: stood at $3.7 billion in 2022, then slipped by 5.91% to $3.5 billion in 2023, then retreated by 2.78% to $3.4 billion in 2024, then grew by 1.07% to $3.4 billion in 2025, then increased by 3.62% to $3.5 billion in 2026.
  • Business Quant data shows GAP's Operating Leases at $3.5 billion in Q2 2026, $3.5 billion in Q1 2026, and $3.4 billion in Q4 2025.

Peer Comparison

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