Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.5B | $15.9B | $16.6B | $16.4B | $13.8B | $16.7B | $15.6B | $14.9B | $15.1B | $15.4B |
| Revenue growth | — | 2.2% | 4.6% | -1.2% | -15.8% | 20.8% | -6.3% | -4.7% | 1.3% | 1.9% |
| Gross profit | $5.64B | $6.07B | $6.32B | $6.13B | $4.71B | $6.64B | $5.36B | $5.78B | $6.23B | $6.27B |
| Gross margin | 36.3% | 38.3% | 38.1% | 37.4% | 34.1% | 39.8% | 34.3% | 38.8% | 41.3% | 40.8% |
| Operating income | $1.19B | $1.48B | $1.36B | $574M | -$862M | $810M | -$69.0M | $560M | $1.11B | $1.11B |
| Operating margin | 7.7% | 9.3% | 8.2% | 3.5% | -6.2% | 4.9% | -0.4% | 3.8% | 7.4% | 7.3% |
| Net income | $676M | $848M | $1.00B | $351M | -$665M | $256M | -$202M | $502M | $844M | $816M |
| Net margin | 4.4% | 5.3% | 6.0% | 2.1% | -4.8% | 1.5% | -1.3% | 3.4% | 5.6% | 5.3% |
| EPS (diluted) | $1.69 | $2.14 | $2.59 | $0.93 | -$1.78 | $0.67 | -$0.55 | $1.34 | $2.20 | $2.13 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.72B | $1.38B | $1.38B | $1.41B | $237M | $809M | $607M | $1.53B | $1.49B | $1.29B |
| Capital expenditures | $524M | $731M | $705M | $702M | $392M | $694M | $685M | $420M | $447M | $470M |
| Free cash flow | $1.20B | $649M | $676M | $709M | -$155M | $115M | -$78.0M | $1.11B | $1.04B | $823M |
| Share buybacks | $0.00 | $315M | $398M | $200M | $0.00 | $201M | $123M | $0.00 | $75.0M | $155M |
| Dividends paid | $367M | $361M | $373M | $364M | $0.00 | $226M | $220M | $222M | $225M | $247M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.78B | $1.78B | $1.08B | $1.36B | $1.99B | $877M | $1.22B | $1.87B | $2.33B | $2.62B |
| Total assets | $7.61B | $7.99B | $8.05B | $13.7B | $13.8B | $12.8B | $11.4B | $11.0B | $11.9B | $12.6B |
| Long-term debt | $1.25B | $1.25B | $1.25B | $1.25B | $2.22B | $1.48B | $1.49B | $1.49B | $1.49B | $1.49B |
| Shareholders' equity | $2.90B | $3.14B | $3.55B | $3.32B | $2.61B | $2.72B | $2.23B | $2.60B | $3.26B | $3.80B |
| Retained earnings | $2.75B | $3.08B | $3.48B | $3.26B | $2.50B | $2.62B | $2.14B | $2.42B | $3.04B | $3.61B |
| Shares (wtd avg diluted) | 400M | 396M | 388M | 378M | 374M | 383M | 367M | 376M | 384M | 384M |
Every figure is extracted from GAP INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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