Filing Flows › Gap (GAP) › Q1 FY27 › vs Q4 FY26
Gap (GAP) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Gap's revenue fell $739M (-17%) from $4.2B in Q4 FY26 to $3.5B in Q1 FY27. Gross margin 40.5% against 38.1% (+2.4 pts).
Gap, Q1 FY27: revenue $3.5B (+1% year over year), operating margin 12.7%, net earnings $339M, operating cash flow $213M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 40.5% | 38.1% | +2.4 pts |
| Operating margin | 12.7% | 5.4% | +7.3 pts |
| Net margin | 9.7% | 4.0% | +5.7 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $3.5B | $4.2B | −$739M | -17% |
| Gross profit | $1.4B | $1.6B | −$197M | -12% |
| Cost of revenue | $2.1B | $2.6B | −$542M | -21% |
| Operating profit | $445M | $229M | $216M | +94% |
| Operating expenses | $972M | $1.4B | −$413M | -30% |
| Pre-tax earnings | $450M | $236M | $214M | +91% |
| Net earnings | $339M | $171M | $168M | +98% |
| Income tax | $111M | $65.0M | $46.0M | +71% |
| Depreciation & amortization | $128M | $128M | $0 | 0% |
| Share-based compensation | $40.0M | $54.0M | −$14.0M | -26% |
| Working capital & other | $294M | −$333M | $627M | — |
| Operating cash flow | $213M | $686M | −$473M | -69% |
Questions
How much did Gap's revenue grow quarter over quarter in Q1 FY27?
Gap's revenue fell $739M (-17%) from $4.2B in Q4 FY26 to $3.5B in Q1 FY27. Gross margin 40.5% against 38.1% (+2.4 pts).