Filing Flows › Gap (GAP) › Q2 FY27 › vs Q2 FY26
Gap (GAP) Q2 FY27 vs Q2 FY26 (year over year)
Gap's revenue fell $74.0M (-2%) from $3.7B in Q2 FY26 to $3.7B in Q2 FY27. Gross margin 52.8% against 41.2% (+11.6 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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 52.8% | 41.2% | +11.6 pts |
| Operating margin | 18.5% | 7.8% | +10.7 pts |
| Net margin | 13.7% | 5.8% | +7.9 pts |
| Free cash flow margin | 5.0% | 9.4% | -4.4 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $3.7B | $3.7B | −$74.0M | -2% |
| Gross profit | $1.9B | $1.5B | $393M | +26% |
| Cost of revenue | $1.7B | $2.2B | −$467M | -21% |
| Operating profit | $676M | $292M | $384M | +132% |
| Operating expenses | $1.3B | $1.2B | $9.0M | +0.7% |
| Pre-tax earnings | $680M | $296M | $384M | +130% |
| Net earnings | $501M | $216M | $285M | +132% |
| Income tax | $179M | $80.0M | $99.0M | +124% |
| Depreciation & amortization | $131M | $122M | $9.0M | +7% |
| Share-based compensation | $45.0M | $34.0M | $11.0M | +32% |
| Working capital & other | $340M | −$76.0M | $416M | — |
| Operating cash flow | $337M | $448M | −$111M | -25% |
| Free cash flow (OCF − capex) | $183M | $350M | −$167M | -48% |
| Capital expenditures | $154M | $98.0M | $56.0M | +57% |
Questions
How much did Gap's revenue grow year over year in Q2 FY27?
Gap's revenue fell $74.0M (-2%) from $3.7B in Q2 FY26 to $3.7B in Q2 FY27. Gross margin 52.8% against 41.2% (+11.6 pts).