---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-053392"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2025-11-20T23:59:59+00:00"
generated_at: "2026-05-16T18:16:10.836583+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gap Inc. Q3 net sales $3.9B +3% YoY, comp +5%; raises FY operating margin outlook to ~7.2%

## Summary
- Net sales $3.9B, up 3% YoY; diluted EPS $0.62; comp sales +5% (7th consecutive quarter positive).
- Gross margin 42.4% (down 30bps); merchandise margin impacted ~190bps from tariffs, but underlying expansion.
- Brand comps: Old Navy +6%, Gap +7%, Banana Republic +4%, Athleta -11%.
- Raises FY25 net sales growth outlook to high end of prior 1.0%-2.0% range; operating margin now ~7.2% (prior 6.7%-7.0%).
- Free cash flow YTD $280M; ended quarter with $2.5B cash, up 13% YoY; inventory +5% due to tariffs.

## SEC filing metadata
- accession: 0001628280-25-053392
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2025-11-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39911/000162828025053392/0001628280-25-053392-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000162828025053392/gps-20251120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-053392
- JSON: https://secwatch.observer/filing/0001628280-25-053392.json
- Plain text: https://secwatch.observer/filing/0001628280-25-053392.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.