Gap (GAP) Tax Rate (2009 - 2026)
Gap's (GAP) quarterly Tax Rate came in at 24.67% in Q2 2026, down 195.0% year-on-year from 25.96% in Q2 2025, and down 10.44% quarter-over-quarter from 27.54% in Q1 2026.
Gap (GAP) Tax Rate (2009 - 2026) Analysis & Trends
Gap has disclosed Tax Rate across 18 years of filings, most recently posting 24.67% for Q2 2026.
- Tax Rate for Q2 2026 came in at 24.67%, down 195.0% year-over-year; the trailing twelve-month figure through May 2026 was 27.07% (up 81.0% YoY), and the FY2026 annual result was 27.92%, up 215.0% from the prior year.
- Tax Rate came in at 24.67% for Q2 2026 at Gap, down from 27.54% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 30.41% in Q3 2024 to a low of 534.88% in Q1 2023.
- The 5-year median for Tax Rate is 24.07% (2024), against an average of 22.87%.
- Across the five-year window, Tax Rate sank 43488 bps in 2023 and surged 55002 bps in 2024, its largest moves.
- Gap's Tax Rate stood at 67.86% in 2022, then surged by 119 bps to 12.8% in 2023, then jumped by 88 bps to 24.1% in 2024, then grew by 24 bps to 29.97% in 2025, then decreased by 18 bps to 24.67% in 2026.
- The last three Tax Rate figures came in at 24.67% (Q2 2026), 27.54% (Q1 2026), and 29.97% (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 177.75 Bn | 172.17 Bn | 4.48 Bn | 22.60% |
| 2 | Ross Stores | 74.23 Bn | 69.64 Bn | 1.80 Bn | 23.86% |
| 3 | Burlington Stores | 19.90 Bn | 19.15 Bn | 1.26 Bn | 19.56% |
| 4 | Lululemon Athletica | 13.59 Bn | 11.78 Bn | 2.00 Bn | 27.84% |
| 5 | Gap | 7.91 Bn | 5.35 Bn | 1.42 Bn | 24.67% |
| 6 | Urban Outfitters | 6.43 Bn | 5.73 Bn | 599.20 Mn | -6.34% |
| 7 | Boot Barn Holdings | 5.12 Bn | 4.92 Bn | 281.24 Mn | 25.22% |
| 8 | Victoria's Secret | 4.37 Bn | 3.90 Bn | 855.00 Mn | 6.98% |
| 9 | Abercrombie & Fitch | 3.57 Bn | 2.80 Bn | 1.10 Bn | 27.89% |
| 10 | American Eagle Outfitters | 2.83 Bn | 2.59 Bn | 651.06 Mn | -20.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 24.67% |
| May 2, 2026 | 24.67% |
| Jan 31, 2026 | 27.54% |
| Jan 31, 2026 | 27.54% |
| Nov 1, 2025 | 29.97% |
| Nov 1, 2025 | 29.97% |
| Aug 2, 2025 | 27.03% |
| Aug 2, 2025 | 27.03% |
| May 3, 2025 | 26.62% |
| May 3, 2025 | 26.62% |
| Feb 1, 2025 | 24.26% |
| Feb 1, 2025 | 24.26% |
| Nov 2, 2024 | 24.10% |
| Nov 2, 2024 | 24.10% |
| Aug 3, 2024 | 30.41% |
| Aug 3, 2024 | 30.41% |
| May 4, 2024 | 24.04% |
| May 4, 2024 | 24.04% |
| Feb 3, 2024 | 15.14% |
| Feb 3, 2024 | 15.14% |