GAP INC Earnings Per Share Disclosure
| Fiscal Year | ||||||||||||||||||||
| (shares in millions) | 2025 | 2024 | 2023 | |||||||||||||||||
| Weighted-average number of shares—basic | 373 | 376 | 370 | |||||||||||||||||
| Common stock equivalents | 11 | 8 | 6 | |||||||||||||||||
| Weighted-average number of shares—diluted | 384 | 384 | 376 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 17, 2026 | Showing above |
| 2025 | Mar 18, 2025 | |
| 2024 | Mar 19, 2024 | |
| 2023 | Mar 14, 2023 | |
| 2022 | Mar 15, 2022 | |
| 2021 | Mar 16, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.