Gap, Inc.: Gap reported $15.37 billion in fiscal 2025 revenue, $816 million in net income, and about 79,000 employees. CEO Richard Dickson leads the public NYSE-listed company.
Gap Revenue and Profit
Fiscal 2025 net sales were $15.37 billion, up from $15.09 billion in fiscal 2024. Net income was $816 million and operating income was about $1.12 billion, evidence that the turnaround is showing more in margin quality than in rapid revenue growth.
How Gap Makes Money
Gap makes money by designing and sourcing private-label apparel, then selling it through company-operated stores, outlet formats, e-commerce, franchise partners, and licensing arrangements. Old Navy gives the company its highest-volume value-apparel engine, while Gap, Banana Republic, and Athleta let it reach denim, premium casualwear, and activewear customers with different price points.
Why Gap Matters
Gap's key strategic question is not whether it can open more stores. It is whether each brand can become distinctive enough to earn full-price purchases in a market where shoppers can choose fast fashion, off-price retail, premium sportswear, or marketplaces within seconds.
