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Gap (GAP) Tax Rate % : 24.26% (As of Jan. 2025)


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What is Gap Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Gap's Tax Expense for the three months ended in Jan. 2025 was $66 Mil. Gap's Pre-Tax Income for the three months ended in Jan. 2025 was $272 Mil. Therefore, Gap's Tax Rate % for the quarter that ended in Jan. 2025 was 24.26%.

Gap Tax Rate % Historical Data

The historical data trend for Gap's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gap Tax Rate % Chart

Gap Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.66 20.74 -45.32 9.71 25.77

Gap Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.14 24.04 30.41 24.10 24.26

Gap Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Gap's Tax Rate % for the fiscal year that ended in Jan. 2025 is calculated as

Tax Rate %=Tax Expense (A: Jan. 2025 )/Pre-Tax Income (A: Jan. 2025 )
=293/1137
=25.77 %

Gap's Tax Rate % for the quarter that ended in Jan. 2025 is calculated as

Tax Rate %=Tax Expense (Q: Jan. 2025 )/Pre-Tax Income (Q: Jan. 2025 )
=66/272
=24.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gap Tax Rate % Related Terms

Thank you for viewing the detailed overview of Gap's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gap Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gap Inc (NYSE:GAP) » Definitions » Tax Rate %
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Traded in Other Exchanges
GAP1:Mexico 0ITS:UK GAP:Germany GAP:Germany GPSI34:Brazil
Address
Two Folsom Street, San Francisco, CA, USA, 94105
Website
https://www.gapinc.com
Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,500 stores in North America, Europe, and Asia and franchises about 1,000 more in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
Executives
Chris Blakeslee officer: President & CEO, Athleta 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Sarah Gilligan officer: EVP Sup Chn, Strat & Transform 11305 FOUR POINTS DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Mark Breitbard officer: Pres. & CEO, Banana Republic 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Katrina O'connell officer: EVP CFO 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Julie Gruber officer: EVP & Global General Counsel 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Elisabeth B Donohue director C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300, BUFFALO NY 14202
John J Fisher director, 10 percent owner C/O PISCES INC, 1300 EVANS AVENUE, NO. 880154, SAN FRANCISCO CA 94188
William Sydney Fisher director, 10 percent owner C/O PISCES INC, 1300 EVANS AVENUE, NO. 880154, SAN FRANCISCO CA 94188
Robert J Fisher director C/O PISCES INC, 1300 EVANS AVENUE, NO. 880154, SAN FRANCISCO CA 94188
Horacio Barbeito officer: President & CEO, Old Navy 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Tracy Gardner director C/O DELIA*S, INC., 50 WEST 23RD STREET, 10TH FLOOR, NEW YORK NY 10010
Tariq M Shaukat director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Gurmeet Singh officer: Chief Digital & Tech Officer 2 FOLSOM ST, SAN FRANCISCO CA 94105
Richard Dickson director C/O MATTEL, INC., 333 CONTINENTAL BOULEVARD, EL SEGUNDO CA 90245
Mary Beth Laughton officer: President & CEO, Athleta 2 FOLSOM STREET, SAN FRANCISCO CA 94105