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
DateValue
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%