GAP has retired 60.9% of its shares since 2004, from 898,095,233 to 351,270,137.
At $23.12 a share, a market value of $8.1B. FCF yield 11.8%, P/E 6.5, trailing twelve months to August 2026.
| Fiscal year | Date | Shares outstanding | Filing | |
|---|---|---|---|---|
| 1999 | 1999-03-15 | 859,398,867 | 10-K | cover page |
| 2000 | 2000-03-10 | 851,577,689 | 10-K405 | cover page |
| 2001 | 2001-03-16 | 854,429,402 | 10-K | cover page |
| 2002 | 2002-03-15 | 866,759,250 | 10-K | cover page |
| 2003 | 2003-03-17 | 889,164,488 | 10-K | cover page |
| 2004 | 2004-03-15 | 898,095,233 | 10-K | cover page |
| 2005 | 2005-03-14 | 858,529,251 | 10-K | cover page |
| 2006 | 2006-03-13 | 853,611,821 | 10-K | cover page |
| 2007 | 2007-03-26 | 815,646,737 | 10-K | cover page |
| 2008 | 2008-03-21 | 735,071,221 | 10-K | cover page |
| 2009 | 2009-01-31 | 694,000,000 | 10-K | |
| 2010 | 2010-03-22 | 667,420,104 | 10-K | |
| 2011 | 2011-03-15 | 584,492,032 | 10-K | |
| 2012 | 2012-03-13 | 487,724,426 | 10-K | |
| 2013 | 2013-03-19 | 465,307,163 | 10-K | |
| 2014 | 2014-03-18 | 447,001,764 | 10-K | |
| 2015 | 2015-03-17 | 418,771,239 | 10-K | |
| 2016 | 2016-03-15 | 397,140,119 | 10-K | |
| 2017 | 2017-03-14 | 399,843,485 | 10-K | |
| 2018 | 2018-03-14 | 389,318,839 | 10-K | |
| 2019 | 2019-03-13 | 378,598,205 | 10-K | |
| 2020 | 2020-03-11 | 371,301,527 | 10-K | |
| 2021 | 2021-03-10 | 374,851,573 | 10-K | |
| 2022 | 2022-03-09 | 369,779,960 | 10-K | |
| 2023 | 2023-03-08 | 366,211,735 | 10-K | |
| 2024 | 2024-03-13 | 373,512,503 | 10-K | |
| 2025 | 2025-03-12 | 374,904,723 | 10-K | |
| 2026 | 2026-03-10 | 372,562,512 | 10-K |
Source: all 10-K filings of GAP on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.
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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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%.
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.
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.
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.
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.
From the latest 13F filings. All superinvestors.
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