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 increased compared to the previous period by 8% 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
| 2015 | 16.43B | 1.26B | 7.68% |
|---|---|---|---|
| 2016 | 15.79B | 920M | 5.82% |
| 2018 | 15.85B | 848M | 5.35% |
| 2021 | 13.8B | -665M | -4.82% |
| 2024 | 14.88B | 502M | 3.37% |
GAP Income Statement (2014 – 2023)
| 2023 | 2020 | 2017 | 2015 | 2014 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 14.88B | 13.8B | 15.85B | 15.79B | 16.43B |
Cost of revenue | 9.11B | 9.09B | 9.78B | 10.07B | 10.14B |
Gross profit | 5.77B | 4.70B | 6.06B | 5.72B | 6.28B |
Operating exp. | |||||
Research and development | 37M | 46M | 51M | 0 | 0 |
Selling and marketing | 882M | 816M | 673M | 578M | 639M |
Total operating expenses | 5.21B | 5.56B | 4.58B | 4.19B | 4.20B |
Operating income | 622M | -862M | 1.47B | 1.52B | 2.08B |
Other income (expenses), net | -66M | -240M | -55M | -53M | -70M |
Income before tax | 556M | -1.10B | 1.42B | 1.47B | 2.01B |
Income tax expense | 54M | -437M | 576M | 551M | 751M |
Net income | 502M | -665M | 848M | 920M | 1.26B |
Earnings per share | |||||
Basic EPS | 1.36 | -1.78 | 2.16 | 2.24 | 2.9 |
Diluted EPS | 1.34 | -1.78 | 2.14 | 2.23 | 2.87 |
| Data source | Data source | Data source | Data source | Data source |