Filing Flows › Gap (GAP) › Q4 FY25
Gap (GAP) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 18, 2025
Gap (GAP) reported revenue of $4.1B for the fourth quarter fiscal 2025 (Q4 FY25), -3% from a year earlier and +8% from the quarter before. Operating margin was 6.2%, net earnings $206M (5.0% of revenue).
Gap, Q4 FY25: revenue $4.1B (-4% year over year), operating margin 6.2%, net earnings $206M, operating cash flow $616M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +8% | -3% |
| Gross profit | $1.6B | -1% | -4% |
| Operating profit | $259M | -27% | +21% |
| Net earnings | $206M | -25% | +11% |
| Operating cash flow | $616M | +112% | -12% |
| Free cash flow | $499M | +249% | -12% |
What changed
Revenue was $4.1B in Q4 FY25, down 3% year over year and up 8% from the previous quarter.
Gross margin was 38.9%, unchanged from a year earlier. Operating profit was $0.26B, a 6.2% margin (up 1.3 points year over year). Operating expenses fell 7% while revenue fell 3%. Net earnings were $0.21B, up 11% year over year. The effective tax rate was 24.3%.
Operating cash flow was $0.62B (down 12% year over year), 299% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.24B. Capital expenditures of $0.12B left free cash flow of $0.50B.
Questions
What was Gap's revenue in the fourth quarter fiscal 2025?
Gap (GAP) reported revenue of $4.1B for the fourth quarter fiscal 2025 (Q4 FY25), -3% from a year earlier and +8% from the quarter before.
Was Gap profitable in the fourth quarter fiscal 2025?
Operating profit was $259M (6.2% of revenue) and net earnings $206M.
Source: Gap 10-K on SEC EDGAR.