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
| 2010 | 14.19B | 1.10B | 7.76% |
|---|---|---|---|
| 2011 | 14.66B | 1.20B | 8.21% |
| 2012 | 14.54B | 833M | 5.73% |
| 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% |
GPS Income Statement (2010 – 2023)
| 2023 | 2021 | 2020 | 2018 | 2017 | 2015 | 2014 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 14.88B | 16.67B | 13.8B | 16.58B | 15.85B | 15.79B | 16.43B | 14.54B | 14.66B | 14.19B |
Cost of revenue | 7.84B | 10.03B | 9.09B | 10.25B | 9.78B | 10.07B | 10.14B | 9.27B | 8.77B | 8.47B |
Gross profit | 7.04B | 6.63B | 4.70B | 6.32B | 6.06B | 5.72B | 6.28B | 5.27B | 5.88B | 5.72B |
Operating exp. | ||||||||||
Research and development | 37M | 41M | 46M | 50M | 51M | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 882M | 1.11B | 816M | 650M | 673M | 578M | 639M | 0 | 0 | 0 |
Total operating expenses | 5.21B | 5.82B | 5.56B | 4.96B | 4.58B | 4.19B | 4.20B | 3.83B | 3.92B | 3.90B |
Operating income | 622M | 1.13B | -862M | 1.36B | 1.47B | 1.52B | 2.08B | 1.43B | 1.96B | 1.81B |
Other income (expenses), net | -66M | -812M | -240M | -40M | -55M | -53M | -70M | -69M | -14M | -1M |
Income before tax | 556M | 323M | -1.10B | 1.32B | 1.42B | 1.47B | 2.01B | 1.36B | 1.98B | 1.81B |
Income tax expense | 54M | 67M | -437M | 319M | 576M | 551M | 751M | 536M | 778M | 714M |
Net income | 502M | 256M | -665M | 1.00B | 848M | 920M | 1.26B | 833M | 1.20B | 1.10B |
Earnings per share | ||||||||||
Basic EPS | 1.36 | 0.68 | -1.78 | 2.61 | 2.16 | 2.24 | 2.9 | 1.57 | 1.87 | 1.57 |
Diluted EPS | 1.34 | 0.67 | -1.78 | 2.59 | 2.14 | 2.23 | 2.87 | 1.56 | 1.87 | 1.57 |
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