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U.S. COMPANY FILING

GAP INC — Form 10-Q filed 2026-05-29

Filed: 2026-05-29Company: GAP INCTicker: GAPExchange: NYSEForm: 10-QReport period: 2026-05-02SEC accession: 0001628280-26-039070Event: earningsMateriality: 85

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Gap Inc. reported Q1 FY2026 net sales of $3.497 billion, up 1% YoY, and net income of $339 million, up 75.6% YoY, boosted by a $313 million interchange fee settlement gain. The company repurchased $361 million of stock and announced a new $1.0 billion buyback authorization. Management warned that U.S. tariffs could impact future gross margins.

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