The Gap, Inc.

The Gap, Inc. Earnings Recaps

GAP 1 recap
Q3 2025 Nov 21, 2025

The Gap, Inc. reported strong Q3 2025 results, exceeding expectations with notable gains in comparable sales, driven by brand reinvigoration efforts across its portfolio.

Key takeaways
  • Comparable sales increased 5%, marking the highest quarterly comp growth in over four years, led by Old Navy and Gap.
  • Operating margin improved to 8.5%, benefiting from higher average unit retail (AUR) as customer engagement strengthened.
  • The company ended the quarter with robust cash reserves of approximately $2.5 billion, reinforcing its financial stability.
  • Old Navy experienced a 6% comp growth, driven by innovative product offerings and successful seasonal campaigns, solidifying its position in active apparel.
  • The Gap brand achieved a 7% comp growth, continuing its trend of positive performance for eight consecutive quarters, bolstered by a successful denim campaign.
Full recap