MarketCapExport financials
The Gap (GPS)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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The Gap Balance Sheet 2026-2007 | GPS
Brief overview of The Gap's assets and capital
The comparison uses five available annual reports from the 2016–2020 interval.
Assets advanced +83% to $13.7 billion from $7.5 billion; annual growth near 16.3% reflects a fast increase in scale.
Liabilities expanded faster than the asset base, +110.3% versus +83%. Debt-service capacity deserves attention.
Internal capital represents 24.2% of the balance sheet versus 34.1% five periods ago. The cushion is thin.
The balance sheet holds more cash than interest-bearing debt; net debt is -$115 million, indicating minimal leverage.
Cash equals 10% of the balance sheet, compared with 18.3% five periods ago. This is the readily available cushion.
Retained earnings are $3.3 billion versus $2.4 billion initially. The direction shows how results contributed to equity.
Overall assessment
The Gap's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.
Annual Balance Sheet The Gap
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-490 M | -213 M | 215 M | 938 M | 1.34 B | 1.06 B | -115 M | -918 M | -534 M | -470 M | 361 M | -162 M | -116 M | -214 M | -220 M | -1.56 B | - | - | - | - |
Long Term Debt |
1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.48 B | 2.22 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.31 B | 1.33 B | 1.37 B | 1.25 B | 1.61 B | - | - | - | - | - |
Long Term Debt Current |
634 M | 632 M | 600 M | 667 M | 734 M | 831 M | 920 M | - | - | 65 M | 21 M | 21 M | 25 M | - | 40 M | - | - | 50 M | - | - |
Total Non Current Liabilities |
5.53 B | 5.36 B | 5.35 B | 5.9 B | 5.96 B | 7.27 B | 7.15 B | 2.32 B | 2.38 B | 2.25 B | 2.39 B | 2.47 B | 2.34 B | 2.23 B | 2.54 B | 890 M | - | - | - | - |
Total Current Liabilities |
3.3 B | 3.26 B | 3.1 B | 3.26 B | 4.08 B | 3.88 B | 3.21 B | 2.17 B | 2.46 B | 2.45 B | 2.54 B | 2.23 B | 2.44 B | 2.34 B | 2.13 B | 2.1 B | 2.13 B | 2.16 B | - | - |
Total Liabilities |
- | - | - | - | - | - | 10.4 B | 4.5 B | 4.84 B | 4.71 B | 4.93 B | 4.71 B | 4.79 B | 4.58 B | 4.67 B | 2.98 B | - | - | - | - |
Deferred Revenue |
272 M | 273 M | 337 M | 354 M | 345 M | - | 226 M | 227 M | - | - | - | 251 M | - | - | - | 6 M | - | - | - | - |
Retained Earnings |
3.61 B | 3.04 B | 2.42 B | 2.14 B | 2.62 B | 2.5 B | 3.26 B | 3.08 B | 3.08 B | 2.75 B | 2.44 B | 2.8 B | 14.2 B | 13.3 B | 12.4 B | 11.8 B | 10.8 B | 9.95 B | - | - |
Total Assets |
12.6 B | 11.9 B | 11 B | 11.4 B | 12.8 B | 13.8 B | 13.7 B | 8.05 B | 7.99 B | 7.61 B | 7.47 B | 7.69 B | 7.85 B | 7.47 B | 7.42 B | 7.06 B | 7.98 B | 7.56 B | - | - |
Cash and Cash Equivalents |
2.62 B | 2.34 B | 1.87 B | 1.22 B | 877 M | 1.99 B | 1.36 B | 1.08 B | 1.78 B | 1.78 B | 1.37 B | 1.52 B | 1.51 B | 1.46 B | 1.88 B | 1.56 B | 2.35 B | 1.72 B | 1.72 B | 2.03 B |
Book Value |
12.6 B | 11.9 B | 11 B | 11.4 B | 12.8 B | 13.8 B | 3.32 B | 3.55 B | 3.14 B | 2.9 B | 2.54 B | 2.98 B | 3.06 B | 2.89 B | 2.76 B | 4.08 B | 7.98 B | 7.56 B | - | - |
Total Shareholders Equity |
3.8 B | 3.26 B | 2.6 B | 2.23 B | 2.72 B | 2.61 B | 3.32 B | 3.55 B | 3.14 B | 2.9 B | 2.54 B | 2.98 B | 3.06 B | 2.89 B | 2.76 B | 4.08 B | 4.89 B | 4.39 B | 4.27 B | 5.17 B |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet The Gap
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q4 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
3.47 B | 1.49 B | 3.35 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.49 B | 1.48 B | 1.48 B | 2.22 B | 1.48 B | 2.22 B | 2.22 B | 1.25 B | 2.21 B | 2.21 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.31 B | 1.32 B | 1.32 B | 1.32 B | 1.33 B | 1.33 B | 1.33 B | 1.33 B | 1.37 B | 1.36 B | 1.37 B | 1.37 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.61 B | 1.25 B | 1.57 B | 1.57 B | - | 1.61 B | 1.61 B | 1.25 B | - | - | - | - | - | - | - |
Total Non Current Liabilities |
5.52 B | 5.58 B | 5.36 B | 5.44 B | 5.52 B | 5.39 B | 5.36 B | 5.39 B | 5.38 B | 5.4 B | 5.35 B | 5.45 B | 5.58 B | 5.83 B | 5.9 B | 6.05 B | 6.25 B | 6.33 B | 7.27 B | 6.17 B | 7.09 B | 7.16 B | 7.15 B | 7.57 B | 7.81 B | 6.96 B | 2.32 B | 7.29 B | 7.28 B | 7.22 B | 2.38 B | 2.34 B | 2.33 B | 2.33 B | 2.25 B | 2.28 B | 2.27 B | 2.25 B | 2.39 B | 2.37 B | 2.4 B | 2.43 B | 2.47 B | 2.43 B | 2.43 B | 2.44 B | 2.34 B | 2.44 B | 2.47 B | 2.46 B | 2.23 B | 2.2 B | 2.18 B | 2.18 B | 2.54 B | 2.22 B | 2.52 B | 2.5 B | 890 M | 2.52 B | 2.52 B | 2.17 B | - | - | - | - | - | - | - |
Deferred Revenue |
273 M | 259 M | 337 M | 241 M | 248 M | 249 M | 273 M | 260 M | 280 M | 310 M | 337 M | 315 M | - | 334 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
3.32 B | 3.6 B | 3.04 B | 3.5 B | 3.32 B | 3.17 B | 3.04 B | 2.89 B | 2.67 B | 2.52 B | 2.42 B | 2.29 B | 2.13 B | 2.07 B | 2.14 B | 2.47 B | 2.24 B | 2.39 B | 2.5 B | 2.68 B | 2.88 B | 2.67 B | 3.26 B | 2.27 B | 2.17 B | 2.24 B | 3.48 B | 3.57 B | 3.55 B | 3.5 B | 3.08 B | 3.37 B | 3.27 B | 3.13 B | 2.75 B | 2.96 B | 2.9 B | 2.8 B | 2.44 B | 2.62 B | 2.51 B | 2.48 B | 2.8 B | 2.48 B | 2.51 B | 2.72 B | 14.2 B | 2.68 B | 2.8 B | 2.88 B | 13.3 B | 14 B | 13.8 B | 13.5 B | 12.4 B | 13 B | 12.7 B | 12.5 B | 11.8 B | 12.2 B | 12.1 B | 11.9 B | 10.8 B | 11.5 B | 11.2 B | 11 B | 9.95 B | 10.5 B | 10.3 B |
Total Assets |
12.1 B | 12.1 B | 11.9 B | 12.4 B | 12.1 B | 11.6 B | 11.9 B | 11.9 B | 11.5 B | 10.9 B | 11 B | 11.1 B | 10.8 B | 10.9 B | 11.4 B | 12 B | 12.2 B | 12.3 B | 13.8 B | 12.8 B | 13.8 B | 13.6 B | 13.7 B | 14.4 B | 13.7 B | 12.7 B | 8.05 B | 14.1 B | 14 B | 13.6 B | 7.99 B | 8.17 B | 8.01 B | 7.58 B | 7.61 B | 7.9 B | 7.62 B | 7.41 B | 7.47 B | 8.01 B | 7.74 B | 7.51 B | 7.69 B | 7.81 B | 7.29 B | 7.5 B | 7.85 B | 7.82 B | 7.68 B | 7.7 B | 7.47 B | 7.79 B | 7.92 B | 7.44 B | 7.42 B | 8.01 B | 7.66 B | 7.57 B | 7.06 B | 7.66 B | 7.81 B | 8.03 B | 7.98 B | 7.73 B | 7.31 B | 7.94 B | 7.56 B | 8.43 B | 7.7 B |
Cash and Cash Equivalents |
2.36 B | 2.16 B | 1.27 B | 2.26 B | 2.19 B | 1.98 B | 2.34 B | 1.97 B | 1.9 B | 1.53 B | 1.87 B | 1.35 B | 1.35 B | 1.17 B | 1.22 B | 679 M | 708 M | 845 M | 1.99 B | 801 M | 2.38 B | 2.07 B | 1.36 B | 2.47 B | 2.19 B | 1.03 B | 1.08 B | 788 M | 1.18 B | 941 M | 1.78 B | 958 M | 1.32 B | 1.21 B | 1.78 B | 1.35 B | 1.61 B | 1.58 B | 1.37 B | 1.52 B | 1.68 B | 1.31 B | 1.52 B | 1.04 B | 1.04 B | 1.23 B | 1.51 B | 954 M | 1.52 B | 1.54 B | 1.46 B | 996 M | 1.92 B | 1.61 B | 1.88 B | 1.72 B | 2.04 B | 1.97 B | 1.56 B | 1.39 B | 2.1 B | 2.42 B | 1.28 B | 1.4 B | 1.35 B | 2.06 B | 2.03 B | 2.17 B | 2.03 B |
Book Value |
12.1 B | 12.1 B | 11.9 B | 12.4 B | 12.1 B | 11.6 B | 11.9 B | 11.9 B | 11.5 B | 10.9 B | 11 B | 11.1 B | 10.8 B | 10.9 B | 11.4 B | 12 B | 12.2 B | 12.3 B | 13.8 B | 12.8 B | 13.8 B | 13.6 B | 13.7 B | 14.4 B | 13.7 B | 12.7 B | 8.05 B | 14.1 B | 14 B | 13.6 B | 7.99 B | 8.17 B | 8.01 B | 7.58 B | 7.61 B | 7.9 B | 7.62 B | 7.41 B | 7.47 B | 8.01 B | 7.74 B | 7.51 B | 7.69 B | 7.81 B | 7.29 B | 7.5 B | 7.85 B | 7.82 B | 7.68 B | 7.7 B | 7.47 B | 7.79 B | 7.92 B | 7.44 B | 7.42 B | 8.01 B | 7.66 B | 7.57 B | 7.06 B | 7.66 B | 7.81 B | 8.03 B | 7.98 B | 7.73 B | 7.31 B | 7.94 B | 7.56 B | 8.43 B | 7.7 B |
Total Shareholders Equity |
3.26 B | 3.66 B | 2.23 B | 3.65 B | 3.43 B | 3.32 B | 3.26 B | 3.14 B | 2.9 B | 2.71 B | 2.6 B | 2.46 B | 2.26 B | 2.18 B | 2.23 B | 2.57 B | 2.3 B | 2.45 B | 2.61 B | 2.79 B | 3.02 B | 2.81 B | 3.32 B | 2.37 B | 2.25 B | 2.32 B | 3.55 B | 3.63 B | 3.62 B | 3.57 B | 3.14 B | 3.44 B | 3.34 B | 3.2 B | 2.9 B | 3.02 B | 2.94 B | 2.86 B | 2.54 B | 2.73 B | 2.56 B | 2.52 B | 2.98 B | 2.61 B | 2.67 B | 2.88 B | 3.06 B | 2.86 B | 2.95 B | 3.04 B | 2.89 B | 2.96 B | 3.46 B | 3.16 B | 2.76 B | 3.16 B | 2.9 B | 3.02 B | 4.08 B | 2.66 B | 3.12 B | 3.77 B | 4.27 B | 4.34 B | 4.33 B | 4.91 B | 5.17 B | 4.98 B | 4.74 B |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of The Gap, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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|
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