Home » GAP Inc Net Income

GAP Inc Net Income

Gap Inc is a well known fashion retailer based in the United States. The company sells its products across several markets through both online and offline channels. In 2022, the company experienced a decline in its net sales and incurred net loss worth $202 million compared to a positive net income of $256 million in the prior year. Gap’s total net sales in 2022 remained $15.616 million compared to $16,670 million in the prior year.

Net Income of Gap Inc 2005-2022

Amounts in million dollars.

YearNet Income ($ millions)
2022$(202)
2021$256
2020$(665)
2019$351
2018$ 1,003
2017$ 848
2016$ 676
2015$ 920
2014$ 1,262
2013$ 1,280
2012$ 1,135
2011$ 833
2010$ 1,204
2009$ 1,102
2008 $ 967
2007 $ 867
2006$ 809  
2005 $ 1,131 

Gap is among the well known fashion retailers based in the United States. The company opened its first store in 1969.

2022: Gap incurred net losses worth $202 million in 2022 compared to a positive net income of $256 million in the prior year. The net revenue of the company also declined by more than a billion US dollars in 2022 compared to the prior year. In 2022, the total net sales of Gap Inc amounted to $15,616 million compared to $16,670 million in 2021.

2021: Gap generated a positive net income in 2021. Its net income in 2021 reached $256 million compared to a net loss of $665 million in 2020. The net sales of GAP increased to $16,670 million in 2021 compared to $13,800 million in 2020.

Net Income of Gap Inc increased to  $ 1,003  million in 2018 from $848 million in 2017.