Q4 26 EPS
$0.45
MISS 0.73%
Est. $0.45
Q4 26 Revenue
$4.24B
MISS 0.18%
Est. $4.24B
vs S&P Since Q4 26
-33.6%
TRAILING MARKET
GAP -21.8% vs S&P +11.7%
Full Year 2026 Results
FY 26 EPS
$2.13
MISS 1.10%
Est. $2.15
FY 26 Revenue
$15.37B
MISS 0.04%
Est. $15.37B
Market Reaction
Did GAP Beat Earnings? Q4 2026 Results
Gap Inc. Closed out fiscal 2025 on a mixed but broadly encouraging note, posting Q4 earnings per share of $0.45 against a consensus estimate of $0.38, an 18.42% beat, even as revenue of $4.24 billion landed essentially in line with expectations, up 2… Read more Gap Inc. Closed out fiscal 2025 on a mixed but broadly encouraging note, posting Q4 earnings per share of $0.45 against a consensus estimate of $0.38, an 18.42% beat, even as revenue of $4.24 billion landed essentially in line with expectations, up 2.1% year-over-year. The bottom-line strength reflected what CEO Richard Dickson described as a transformation playbook delivering results, with the quarter marking the company's eighth consecutive period of positive comparable sales and full-year gross margin reaching one of its highest levels in 25 years. Brand performance, however, was uneven: the Gap brand surged 8% in net sales and Old Navy held steady with 3% growth, while Athleta continued to weigh on results with an 11% sales decline and comps down 10%. Shares fell roughly 9.5% following the report, as investors zeroed in on Q1 2026 guidance calling for net sales growth of just 1% to 2% and gross margin pressure of 150 to 200 basis points, with tariffs accounting for an estimated 200 basis points of that headwind. For the full year, Gap expects adjusted diluted EPS of $2.20 to $2.35.
Key Takeaways
- • Eighth consecutive quarter of positive comparable sales (3% comp growth)
- • Online sales increased 5% in Q4, representing 42% of total net sales
- • Old Navy's price-value equation resonating across income levels
- • Gap brand expanding customer base across generations with 7% comp growth
- • Banana Republic delivered third consecutive quarter of comp growth
- • Average unit retail grew as a result of lower discounting
- • ROD as a percent of sales leveraged 10 basis points in Q4
GAP YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
GAP Revenue by Segment
With YoY comparisons, source: SEC Filings
GAP Revenue by Geography
With YoY comparisons, source: SEC Filings
“I am pleased to report that Gap Inc. delivered a successful fourth quarter, marking another year of meaningful progress. The execution of our playbook is driving consistent results, as we achieved our second consecutive year of topline growth and eighth consecutive quarter of positive comparable sales. Financial and operational rigor combined with the strength of our platform drove one of our highest gross margins in the last 25 years and further strengthened our balance sheet.”
— Richard Dickson, Q4 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 | — |