Buyback Radar
Company reports

GAP

GAP

GAP has retired 60.9% of its shares since 2004, from 898,095,233 to 351,270,137.

60.9%retired since 2004
5.9%last 5 years
5.6%last 12 months
351Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2009half gone 2013898M shares, 2004351M200020052010201520202025
1999, 859,398,8672026-08-21, 351,270,137
A share bought in 1999
2.4× more of GAP today, without buying another share. It was one of 859,398,867 shares then. It is one of 351,270,137 now.
Every filing we read28 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19991999-03-15859,398,86710-Kcover page
20002000-03-10851,577,68910-K405cover page
20012001-03-16854,429,40210-Kcover page
20022002-03-15866,759,25010-Kcover page
20032003-03-17889,164,48810-Kcover page
20042004-03-15898,095,23310-Kcover page
20052005-03-14858,529,25110-Kcover page
20062006-03-13853,611,82110-Kcover page
20072007-03-26815,646,73710-Kcover page
20082008-03-21735,071,22110-Kcover page
20092009-01-31694,000,00010-K
20102010-03-22667,420,10410-K
20112011-03-15584,492,03210-K
20122012-03-13487,724,42610-K
20132013-03-19465,307,16310-K
20142014-03-18447,001,76410-K
20152015-03-17418,771,23910-K
20162016-03-15397,140,11910-K
20172017-03-14399,843,48510-K
20182018-03-14389,318,83910-K
20192019-03-13378,598,20510-K
20202020-03-11371,301,52710-K
20212021-03-10374,851,57310-K
20222022-03-09369,779,96010-K
20232023-03-08366,211,73510-K
20242024-03-13373,512,50310-K
20252025-03-12374,904,72310-K
20262026-03-10372,562,51210-K

Source: all 10-K filings of GAP on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2008 to 2026cash flow statement against share count
$12.7Bspent on buybacks
443Mfewer shares outstanding
1.9%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $23.12.

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GAP buybacks, answered

Is GAP buying back its stock?

Yes. GAP has 5.6% fewer shares outstanding than twelve months ago, 351,270,137 as of August 21, 2026. Over five years the share count is down 5.9%.

How many shares has GAP bought back?

Net of every new share it issued, GAP has 546.8 million fewer shares than at its 2004 peak. That is 60.9% of the company. Since fiscal 2008 alone it bought back about 390.0 million shares, while the count fell by 383.8 million. The difference went to employees and other new shares.

How many shares does GAP have outstanding?

351,270,137 shares, as of August 21, 2026, from the cover page of its latest 10-Q. At the 2004 peak it had 898,095,233.

What do GAP's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held GAP stock in 2004 owns 2.6 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does GAP compare with other cannibal stocks?

GAP ranks No. 38 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Northrop Grumman (61.2%), Synchrony Financial (61.0%), Seagate Technology (60.8%), Murphy USA (60.7%).

Every answer is computed from GAP's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Chuck RoyceRoyce & Associates111,420 shares, $2.1M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like GAP in depth on Cannibal Stocks.

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