SuperworthGAP profit margin GAP
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 8.1%
- Operating margin, 12 months
- 11.0%
- Net margin on a year earlier
- +2.3 pts
- Peer median
- 10.0%
Over the twelve months to Aug 1, 2026, GAP kept 8.1% of its revenue as net profit, with an operating margin of 11.0% and a gross margin of 43.3%.
Five years earlier its net margin was 4.5%.
The median for 7 apparel retail stocks of a similar size is 10.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 5.3% | 7.3% | 40.8% |
| FY2024 | 5.6% | 7.4% | 41.3% |
| FY2023 | 3.4% | 3.8% | 38.8% |
| FY2022 | −1.3% | −0.4% | 34.3% |
| FY2021 | 1.5% | 4.9% | 39.8% |
| FY2020 | −4.8% | −6.2% | 34.1% |
| FY2019 | 2.1% | 3.5% | 37.4% |
| FY2018 | 6.0% | 8.2% | 38.1% |
| FY2017 | 5.3% | 9.3% | 38.3% |
| FY2016 | 4.4% | 7.7% | 36.3% |
| FY2015 | 5.8% | 9.6% | 36.2% |
| FY2014 | 7.7% | 12.7% | 38.3% |
| FY2013 | 7.9% | 13.3% | 39.0% |
| FY2012 | 7.3% | 12.4% | 39.4% |
| FY2011 | 5.7% | 9.9% | 36.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 8.1% | +2.3 pts | 11.0% | |
| Q1 FY26 | 6.2% | +0.4 pts | 8.4% | |
| Q4 FY25 | 5.3% | −0.3 pts | 7.3% | |
| Q3 FY25 | 5.6% | +0.2 pts | 7.5% | |
| Q2 FY25 | 5.9% | +0.8 pts | 7.7% | |
| Q1 FY25 | 5.8% | +1.3 pts | 7.7% | |
| Q4 FY24 | 5.6% | +2.2 pts | 7.4% | |
| Q3 FY24 | 5.4% | +5.1 pts | 7.0% | |
| Q2 FY24 | 5.1% | +4.3 pts | 6.3% | |
| Q1 FY24 | 4.5% | +4.9 pts | 5.2% | |
| Q4 FY23 | 3.4% | +4.7 pts | 3.8% | |
| Q3 FY23 | 0.3% | −0.0 pts | 2.1% |
Against its peers
Companies in Apparel - Retail nearest GAP's size, closest first, today.
| Company | Profit margin |
|---|---|
| GAPGAP | 8.1% |
| URBNUrban Outfitters | 8.8% |
| VSXYVictoria's Secret | 5.5% |
| ANFAbercrombie & Fitch | 10.0% |
| BOOTBoot Barn | 10.4% |
| AEOAmerican Eagle Outfitters | 5.9% |
| BKEBuckle | 16.6% |
| ROSTRoss Stores | 10.8% |
| Peer median | 10.0% |
Where GAP ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on GAP
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.