Filing Flows › Gap (GAP) › Q2 FY27 › vs Q1 FY27
Gap (GAP) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Gap's revenue rose $154M (+4%) from $3.5B in Q1 FY27 to $3.7B in Q2 FY27. Gross margin 52.8% against 40.5% (+12.3 pts).
Gap, Q2 FY27: revenue $3.7B (-2% year over year), operating margin 18.5%, net earnings $501M, operating cash flow $337M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 52.8% | 40.5% | +12.3 pts |
| Operating margin | 18.5% | 12.7% | +5.8 pts |
| Net margin | 13.7% | 9.7% | +4.0 pts |
| Free cash flow margin | 5.0% | 2.2% | +2.8 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Revenue | $3.7B | $3.5B | $154M | +4% |
| Gross profit | $1.9B | $1.4B | $512M | +36% |
| Cost of revenue | $1.7B | $2.1B | −$358M | -17% |
| Operating profit | $676M | $445M | $231M | +52% |
| Operating expenses | $1.3B | $972M | $281M | +29% |
| Pre-tax earnings | $680M | $450M | $230M | +51% |
| Net earnings | $501M | $339M | $162M | +48% |
| Income tax | $179M | $111M | $68.0M | +61% |
| Depreciation & amortization | $131M | $128M | $3.0M | +2% |
| Share-based compensation | $45.0M | $40.0M | $5.0M | +12% |
| Working capital & other | $340M | $294M | $46.0M | +16% |
| Operating cash flow | $337M | $213M | $124M | +58% |
| Free cash flow (OCF − capex) | $183M | $78.0M | $105M | +135% |
| Capital expenditures | $154M | $135M | $19.0M | +14% |
Questions
How much did Gap's revenue grow quarter over quarter in Q2 FY27?
Gap's revenue rose $154M (+4%) from $3.5B in Q1 FY27 to $3.7B in Q2 FY27. Gross margin 52.8% against 40.5% (+12.3 pts).