Gap — Mar 5, 2026 release

Reports Fourth Quarter and Fiscal 2025 Results; Provides Fiscal 2026 Outlook 2025 net sales grew 2% versus last year, at high end of outlook; comparable sales up 3% 8th consecutive quarter of positive comparable sales Delivered full year operating income of $1.1 billion; operating margin of 7.3%, exceeded outlook Generated $1.3 billion in operating cash flow for the year Announces new $1 billion share repurchase authorization SAN FRANCISCO – March 5, 2026 – Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. with a purpose-driven house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its fourth quarter and fiscal year ended January 31, 2026. “I am pleased to report that Gap Inc. delivered a successful fourth quarter, marking another year of meaningful progress,” said President and Chief Executive Officer, Richard Dickson. “The execution of our playbook is driving consistent results, as we achieved our second consecutive year of topline growth and eighth consecutive quarter of positive comparable sales. Financial and operational rigor combined with the strength of our platform drove one of our highest gross margins in the last 25 years and further strengthened our balance sheet.” Dickson continued, “As we move into the next phase of our transformation we remain focused on growing our core apparel business through continuous improvement while thoughtfully seeding growth accelerators that will scale over time. Our aspirations remain high and our teams are energized as we continue to drive toward