Company / Gross Margin
Gap Inc. Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
40.8%
FY2025
5-year range
34.3% / 41.3%
FY2021-FY2025
Trend
-1.2%
vs FY2024
Sector context
#42 of 111
Consumer Discretionary
What the data says
At 40.8%, Gap Inc.'s gross margin ranks #42 of 111 in the Consumer Discretionary sector. Gross Margin has fluctuated over the past 10 years, ranging from 34.1% in FY2020 to 41.3% in FY2024.
Based on SEC 10-K filings.
40.8% in FY2025 with a 5-year CAGR of +6.7%.
Improved from 38.8% to 40.8% over the past 2 years.
Consumer Discretionary sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +6.5pp
- 5-Year Change
- +6.7pp
- 10-Year Change
- -
Sector benchmark
#42 of 111 in Consumer DiscretionaryTop 38% of 111This company 40.8% Sector average 36.1%
▼
+13.1% above sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 1.2% year-over-year.
- Currently 4.7pp above the Consumer Discretionary sector average.
- Peak gross margin was recorded in FY2024.
- Lowest gross margin in the period was in FY2020.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 23.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 40.8% | -1.2% |
| FY2024 | 41.3% | +6.4% |
| FY2023 | 38.8% | +13.0% |
| FY2022 | 34.3% | -13.8% |
| FY2021 | 39.8% | +16.8% |
| FY2020 | 34.1% | -8.9% |
| FY2019 | 37.4% | -1.8% |
| FY2018 | 38.1% | -0.3% |
| FY2017 | 38.3% | +5.3% |
| FY2016 | 36.4% | +0.4% |
As of FY2025 · SEC 10-K · Updated Mar 29, 2026