Gap Inc experienced a decline in net sales in 2022 and suffered net loss worth $202 million. The company generated $13,201 million from the US market, which is also its largest market in 2022 compared to $14,117 million in the prior year. Its net sales in Canada declined by $16 million compared to the previous year, falling to $1,236 million in 2022. In Europe, the company had total net sales worth $209 million compared to $340 million in 2021. Gap also suffered a $58 million decline in its net sales in the Asian region compared to the previous year. The total net sales of the company were down $1,054 million in 2022 compared to 2021. Gap had global net sales worth $15,616 million in 2022 compared to $16,670 million in 2021.
Revenue of Gap Inc by Region 2011-2022
Amounts are in million dollars.
| Year | US | Canada | Europe | Asia | Other Regions | Total |
| 2022 | $13,201 | $1,236 | $209 | $672 | $298 | $15,616 |
| 2021 | $14,117 | $1,252 | $340 | $730 | $231 | $16,670 |
| 2020 | $11,650 | $972 | $329 | $710 | $139 | $13,800 |
| 2019 | $13,398 | $1,153 | $539 | $1,084 | $209 | $16,383 |
| 2018 | $13,340 | $1,193 | $603 | $1,233 | $211 | $16,580 |
| 2017 | $12,568 | $1,173 | $641 | $1,263 | $210 | $15,855 |
| 2016 | $11,989 | $1,084 | $689 | $1,544 | $210 | $15,516 |
| 2015 | $12,213 | $1,047 | $797 | $1,521 | $ 219 | $15,797 |
| 2014 | $12,672 | $1,137 | $917 | $1,502 | $207 | $16,435 |
| 2013 | $12,531 | $1,128 | $ 891 | $1,397 | $201 | $16,148 |
| 2012 | $12,194 | $1,095 | $ 870 | $1,310 | $182 | $15,651 |
| 2011 | $11,368 | $1,007 | $863 | $1,176 | $135 | $14,549 |
2022: The United States is the largest market of Gap Inc based on net sales followed by Canada. In 2022, the company generated total $13,201 million in net sales from the US compared to $14,117 million in 2021. GAP net sales in Canada in 2022 were $1,236 million or $16 million less compared to the prior year. The company experienced a decline in its net sales across all the market regions in 2022 compared to the prior year.
2021: The above table shows the net sales of GAP from various geographical markets. The company generated the largest part of its sales from the US market. In 2021, GAP net sales increased across all the geographic regions. The company experienced the highest growth in net sales across the United States, where its net sales increased by $2.47 billion in 2021 compared to 2020. Its net sales in Canada increased by $280 million in 2021 compared to 2020.
US is the largest source of revenue for Gap Inc followed by Canada, Asia and Europe. In 2018, Gap Inc generated $13,340 million in revenue from USA and $1,193 million from Canada.