The Gap
Income Statement

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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. The Gap's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 11% to $14,889,000,000. The net income raised on $502,000,000 and profit margin reached 3%. Total operating expenses were $5,215,000,000.

Profit Margin

The Gap, Inc. (LSE:0ITS.L): Profit margin
2015 16.43B 1.26B 7.68%
2016 15.79B 920M 5.82%
2018 15.85B 848M 5.35%
2019 16.58B 1.00B 6.05%
2021 13.8B -665M -4.82%
2022 16.67B 256M 1.54%
2024 14.88B 502M 3.37%

0ITS.L Income Statement (2014 – 2023)

2023 2021 2020 2018 2017 2015 2014
Revenue
Revenue
14.88B16.67B13.8B16.58B15.85B15.79B16.43B
Cost of revenue
7.84B10.03B9.09B10.25B9.78B10.07B10.14B
Gross profit
7.04B6.63B4.70B6.32B6.06B5.72B6.28B
Operating exp.
Research and development
37M41M46M50M51M00
Selling and marketing
882M1.11B816M650M673M578M639M
Total operating expenses
5.21B5.82B5.56B4.96B4.58B4.19B4.20B
Operating income
622M1.13B-862M1.36B1.47B1.52B2.08B
Other income (expenses), net
-66M-812M-240M-40M-55M-53M-70M
Income before tax
556M323M-1.10B1.32B1.42B1.47B2.01B
Income tax expense
54M67M-437M319M576M551M751M
Net income
502M256M-665M1.00B848M920M1.26B
Earnings per share
Basic EPS
1.360.68-1.782.612.162.242.9
Diluted EPS
1.340.67-1.782.592.142.232.87
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