gap: the income statement

MyFinsight

For the quarter ending 2025-08-02, GAP made $3,725M in revenue. $216M in net income. Net profit margin of 5.80%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-08-02	2025-05-03	2024-11-02	2024-08-03
Net sales	3,725	3,463	3,829	3,720
Cost of goods sold and occupancy expenses	2,189	2,015	2,194	2,137
Gross profit	1,536	1,448	1,635	1,583
Operating expenses	1,244	1,188	1,280	1,290
Operating income (loss)	292	260	355	293
Interest expense	23	23	23	24
Interest income	27	26	29	27
Income (loss) before income taxes	296	263	361	296
Income taxes	80	70	87	90
Net income (loss)	216	193	274	206

Earnings (loss) per share - basic (in dollars per share)	0.58	0.51	0.73	0.55
Earnings (loss) per share - diluted (in dollars per share)	0.57	0.51	0.72	0.54
Weighted-average number of shares - basic (in shares)	373,000,000	375,000,000	377,000,000	376,000,000
Weighted-average number of shares - diluted (in shares)	379,000,000	382,000,000	383,000,000	383,000,000