Gap (GAP) Operating Margin (2009 - 2026)
Gap's (GAP) quarterly Operating Margin came in at 12.73% in Q2 2026, up 522.0% year-on-year from 2.05% in Q2 2025, and up 135.39% quarter-over-quarter from 5.41% in Q1 2026.
Gap (GAP) Operating Margin (2009 - 2026) Analysis & Trends
Gap has disclosed Operating Margin across 18 years of filings, most recently posting 12.73% for Q2 2026.
- Operating Margin for Q2 2026 came in at 12.73%, up 522.0% year-over-year; the trailing twelve-month figure through May 2026 was 8.44% (up 74.0% YoY), and the FY2026 annual result was 7.26%, down 11.0% from the prior year.
- Operating Margin came in at 12.73% for Q2 2026 at Gap, up from 5.41% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 12.73% in Q2 2026 to a low of 5.67% in Q2 2022.
- The 5-year median for Operating Margin is 5.73% (2024), against an average of 4.63%.
- Across the five-year window, Operating Margin plunged 1168 bps in 2022 and soared 636 bps in 2024, its largest moves.
- Gap's Operating Margin stood at 4.61% in 2022, then jumped by 44 bps to 6.64% in 2023, then soared by 40 bps to 9.27% in 2024, then retreated by 9 bps to 8.47% in 2025, then jumped by 50 bps to 12.73% in 2026.
- The last three Operating Margin figures came in at 12.73% (Q2 2026), 5.41% (Q1 2026), and 8.47% (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 177.75 Bn | 172.17 Bn | 4.48 Bn | 11.77% |
| 2 | Ross Stores | 74.23 Bn | 69.64 Bn | 1.80 Bn | 12.27% |
| 3 | Burlington Stores | 19.90 Bn | 19.15 Bn | 1.26 Bn | 17.08% |
| 4 | Lululemon Athletica | 13.59 Bn | 11.78 Bn | 2.00 Bn | 22.31% |
| 5 | Gap | 7.91 Bn | 5.35 Bn | 1.42 Bn | 12.73% |
| 6 | Urban Outfitters | 6.43 Bn | 5.73 Bn | 599.20 Mn | -17.85% |
| 7 | Boot Barn Holdings | 5.12 Bn | 4.92 Bn | 281.24 Mn | 16.27% |
| 8 | Victoria's Secret | 4.37 Bn | 3.90 Bn | 855.00 Mn | 10.09% |
| 9 | Abercrombie & Fitch | 3.57 Bn | 2.80 Bn | 1.10 Bn | 14.13% |
| 10 | American Eagle Outfitters | 2.83 Bn | 2.59 Bn | 651.06 Mn | 5.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 12.73% |
| Jan 31, 2026 | 5.41% |
| Nov 1, 2025 | 8.47% |
| Aug 2, 2025 | 7.84% |
| May 3, 2025 | 7.51% |
| Feb 1, 2025 | 6.24% |
| Nov 2, 2024 | 9.27% |
| Aug 3, 2024 | 7.88% |
| May 4, 2024 | 6.05% |
| Feb 3, 2024 | 4.98% |
| Oct 28, 2023 | 6.64% |
| Jul 29, 2023 | 2.99% |
| Apr 29, 2023 | -0.31% |
| Jan 28, 2023 | -0.71% |
| Oct 29, 2022 | 4.61% |
| Jul 30, 2022 | -0.73% |
| Apr 30, 2022 | -5.67% |
| Jan 29, 2022 | 0.18% |
| Oct 30, 2021 | 3.88% |
| Jul 31, 2021 | 9.71% |