Filing Flows › Gap (GAP) › Q4 FY26
Gap (GAP) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 17, 2026
Gap (GAP) reported revenue of $4.2B for the fourth quarter fiscal 2026 (Q4 FY26), +2% from a year earlier and +7% from the quarter before. Operating margin was 5.4%, net earnings $171M (4.0% of revenue).
Gap, Q4 FY26: revenue $4.2B (+2% year over year), operating margin 5.4%, net earnings $171M, operating cash flow $686M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +7% | +2% |
| Gross profit | $1.6B | -3% | +0.1% |
| Operating profit | $229M | -31% | -12% |
| Net earnings | $171M | -28% | -17% |
| Operating cash flow | $686M | +129% | +11% |
| Free cash flow | $543M | +255% | +9% |
What changed
Revenue was $4.2B in Q4 FY26, up 2% year over year and up 7% from the previous quarter.
Gross margin was 38.1%, down 0.8 points from Q4 FY25. Operating profit was $0.23B, a 5.4% margin (down 0.8 points year over year). Operating profit fell $0.03B even though revenue rose $0.09B versus Q4 FY25, so costs grew faster than sales. Operating expenses grew 2% against revenue growth of 2%. Net earnings were $0.17B, down 17% year over year. The effective tax rate was 27.5%.
Operating cash flow was $0.69B (up 11% year over year), 401% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.33B. Capital expenditures of $0.14B left free cash flow of $0.54B.
Questions
What was Gap's revenue in the fourth quarter fiscal 2026?
Gap (GAP) reported revenue of $4.2B for the fourth quarter fiscal 2026 (Q4 FY26), +2% from a year earlier and +7% from the quarter before.
Was Gap profitable in the fourth quarter fiscal 2026?
Operating profit was $229M (5.4% of revenue) and net earnings $171M.
Source: Gap 10-K on SEC EDGAR.