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Q3 26 EPS
$0.62
BEAT +5.08%
Est. $0.59
Q3 26 Revenue
$3.94B
BEAT +0.96%
Est. $3.90B
vs S&P Since Q3 26
-34.0%
TRAILING MARKET
GAP -19.9% vs S&P +14.1%
Market Reaction
Did GAP Beat Earnings? Q3 2026 Results
Gap Inc. Delivered a confident third quarter of fiscal 2025, with results that cleared Wall Street's bar on both the top and bottom lines and gave management enough runway to raise its full-year outlook. The apparel retailer posted revenue of $3.94 b… Read more Gap Inc. Delivered a confident third quarter of fiscal 2025, with results that cleared Wall Street's bar on both the top and bottom lines and gave management enough runway to raise its full-year outlook. The apparel retailer posted revenue of $3.94 billion, up 3.0% year-over-year and ahead of the $3.90 billion consensus, while diluted EPS of $0.62 beat the $0.59 estimate by 5.59%, the seventh consecutive quarter of positive comparable sales underscoring that the brand portfolio's reinvigoration is more than a short-lived bounce. The critical engine behind the beat was broad-based comp momentum: Old Navy grew comps 6%, the Gap brand extended its own streak to eight straight positive quarters at 7%, and even a resurgent Banana Republic posted 4% comp growth. Athleta remained a drag, with net sales falling 11%, though management signaled the reset will take time. Looking ahead, the company guided full-year operating margin to approximately 7.2%, up from a prior range of 6.7% to 7.0%, even as an estimated 100–110 basis points of net tariff headwinds loom over the back half.
Key Takeaways
- • Seventh consecutive quarter of positive comparable sales (up 5%)
- • Old Navy winning in denim, active, and kids and baby categories with culturally relevant partnerships
- • Gap brand's reinvigoration playbook driving 8th consecutive quarter of positive comps
- • Store sales increased 3% and online sales increased 2% year-over-year
- • Growth in average unit retail driving underlying merchandise margin expansion
- • ROD as percent of sales leveraged 40 basis points
GAP YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
GAP Revenue by Segment
With YoY comparisons, source: SEC Filings
GAP Revenue by Geography
With YoY comparisons, source: SEC Filings
“We are proud to report that Gap Inc.'s third quarter results exceeded our net sales and margin expectations and delivered the seventh consecutive quarter of positive comparable sales.”
— Richard Dickson, Q3 2026 Earnings Press Release
GAP Earnings Trends
GAP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GAP EPS Trend
Earnings per share: estimate vs actual
GAP Revenue Trend
Quarterly revenue: estimate vs actual
GAP Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 MISS | $0.48 | $0.38 | -20.83% | $3.50B | -0.78% |
| Q4 26 MISS FY | $0.45 | $0.45 | -0.73% | $4.24B | -0.18% |
| FY Full Year | $2.15 | $2.13 | -1.10% | $15.37B | -0.04% |
| Q3 26 BEAT | $0.59 | $0.62 | +5.08% | $3.94B | +0.96% |
| Q2 26 BEAT | $0.55 | $0.57 | +3.64% | $3.73B | -0.21% |
| Q1 26 BEAT | $0.45 | $0.51 | +13.33% | $3.46B | — |