TGT · Target Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $25.27B | $25.21B | $23.85B | $25.67B | $25.45B | $24.53B | $25.40B | $24.77B | $25.32B |
| Cost of Revenue | - | $18.14B | $17.90B | $17.13B | $18.38B | $17.80B | $17.45B | $18.15B | $20.14B | $18.46B |
| Gross Profit | - | $7.13B | $7.31B | $6.72B | $7.29B | $7.65B | $7.08B | $7.25B | $4.63B | $6.86B |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $5.54B | $5.36B | $4.59B | $5.49B | $5.39B | $5.17B | $5.32B | $5.18B | $5.03B |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $649.00M | $632.00M | $787.00M | $639.00M | $626.00M | $718.00M | $616.00M | $594.00M | $667.00M |
| Operating Income | - | $948.00M | $1.32B | $1.47B | $1.17B | $1.64B | $1.30B | $1.32B | $1.20B | $1.33B |
| Interest Expense | - | $115.00M | $116.00M | $116.00M | $107.00M | $141.00M | $106.00M | $107.00M | $141.00M | $147.00M |
| Income Tax | - | $170.00M | $283.00M | $346.00M | $237.00M | $353.00M | $277.00M | $264.00M | $237.00M | $254.00M |
| Net Income | - | $689.00M | $935.00M | $1.04B | $854.00M | $1.19B | $1.38B | $971.00M | $835.00M | $876.00M |
| EPS - Basic | - | $1.52 | $2.06 | $2.28 | $1.86 | $2.58 | $2.04 | $2.10 | $1.81 | $2.06 |
| EPS - Diluted | - | $1.51 | $2.05 | $2.27 | $1.85 | $2.57 | $2.03 | $2.10 | $1.80 | $2.05 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.49B | $3.82B | $4.34B | $2.89B | $3.43B | $3.50B | $3.60B | $1.91B | $1.62B | $1.32B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $12.30B | $14.90B | $12.88B | $13.05B | $15.16B | $12.60B | $11.73B | $14.73B | $12.68B | $12.62B |
| Accounts Payable | $12.62B | $13.79B | $12.02B | $11.82B | $14.42B | $12.60B | $11.56B | $14.29B | $12.28B | $11.94B |
| Current Assets | $20.00B | $20.70B | $19.03B | $17.76B | $20.55B | $17.92B | $17.08B | $18.60B | $16.10B | $15.77B |
| Total Assets | $59.49B | $59.99B | $57.85B | $56.19B | $58.53B | $55.99B | $55.12B | $56.23B | $53.21B | $52.15B |
| Current Liabilities | $21.23B | $21.24B | $19.22B | $18.99B | $21.79B | $19.98B | $19.86B | $21.50B | $19.33B | $17.87B |
| Long-term Debt | $14.40B | - | - | $13.90B | - | - | $14.15B | - | - | $14.14B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $16.16B | $15.50B | $15.42B | $14.95B | $14.49B | $14.43B | $13.84B | $12.51B | $11.99B | $11.61B |
| Retained Earnings | $9.30B | $8.78B | $8.77B | $8.36B | $8.01B | $8.03B | $7.52B | $6.22B | $5.77B | $5.45B |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $275.00M | - | - | $1.10B | - | - | $1.26B |
| Investing Cash Flow | - | - | - | ($787.00M) | - | - | ($671.00M) | - | - | ($1.60B) |
| Financing Cash Flow | - | - | - | ($1.36B) | - | - | ($631.00M) | - | - | ($571.00M) |
| CapEx | - | - | - | $790.00M | - | - | $674.00M | - | - | $1.60B |
| Free Cash Flow | - | - | - | ($515.00M) | - | - | $427.00M | - | - | ($340.00M) |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 28.2% | 29.0% | 28.2% | 28.4% | 30.1% | 28.9% | 28.5% | 18.7% | 27.1% |
| Operating margin | - | 3.8% | 5.2% | 6.2% | 4.6% | 6.4% | 5.3% | 5.2% | 4.8% | 5.2% |
| EBITDA margin | - | 6.3% | 7.7% | 9.5% | 7.0% | 8.9% | 8.2% | 7.6% | 7.2% | 7.9% |
| Net margin | - | 2.7% | 3.7% | 4.3% | 3.3% | 4.7% | 5.6% | 3.8% | 3.4% | 3.5% |
| Free cash flow margin | - | - | - | -2.2% | - | - | 1.7% | - | - | -1.3% |
| FCF / Net income | - | - | - | -0.50 | - | - | 0.31 | - | - | -0.39 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 21.9% | 21.3% | 19.3% | 21.4% | 21.2% | 21.1% | 20.9% | 20.9% | 19.8% |
| Effective tax rate | - | 19.8% | 23.2% | 25.0% | 21.7% | 22.8% | 16.7% | 21.4% | 22.1% | 22.5% |
| Return on assets | - | 1.1% | 1.6% | 1.8% | 1.5% | 2.1% | 2.5% | 1.7% | 1.6% | 1.7% |
| Return on equity | - | 4.4% | 6.1% | 6.9% | 5.9% | 8.3% | 10.0% | 7.8% | 7.0% | 7.5% |
| Return on invested capital | - | - | - | 3.8% | - | - | 3.9% | - | - | 4.0% |
| Liquidity | ||||||||||
| Current ratio | 0.94 | 0.97 | 0.99 | 0.94 | 0.94 | 0.90 | 0.86 | 0.86 | 0.83 | 0.88 |
| Quick ratio | 0.36 | 0.27 | 0.32 | 0.25 | 0.25 | 0.27 | 0.27 | 0.18 | 0.18 | 0.18 |
| Cash ratio | 0.26 | 0.18 | 0.23 | 0.15 | 0.16 | 0.17 | 0.18 | 0.09 | 0.08 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | 0.89 | - | - | 0.93 | - | - | 1.02 | - | - | 1.22 |
| Debt / Assets | 0.24 | - | - | 0.25 | - | - | 0.26 | - | - | 0.27 |
| Debt / EBITDA | - | - | - | 6.15 | - | - | 7.03 | - | - | 7.09 |
| Interest coverage | - | 8.2x | 11.4x | 12.7x | 10.9x | 11.6x | 12.2x | 12.3x | 8.5x | 9.0x |
| Equity multiplier | 3.68 | 3.87 | 3.75 | 3.76 | 4.04 | 3.88 | 3.98 | 4.49 | 4.44 | 4.49 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | - | 0.42 | 0.44 | 0.42 | 0.44 | 0.45 | 0.45 | 0.45 | 0.47 | 0.49 |
| Inventory turnover | - | 1.22 | 1.39 | 1.31 | 1.21 | 1.41 | 1.49 | 1.23 | 1.59 | 1.46 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | 300d | 263d | 278d | 301d | 258d | 245d | 296d | 230d | 249d |
| Days payable outstanding | - | 278d | 245d | 252d | 286d | 258d | 242d | 287d | 222d | 236d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | 61.4x | 48.7x | 42.9x | 81.5x | 54.2x | 77.9x | 51.1x | 75.0x | 77.0x |
| P / B | - | 2.7x | 2.9x | 3.0x | 4.8x | 4.5x | 5.3x | 4.0x | 5.2x | 6.3x |
| P / S | - | 1.7x | 1.8x | 1.9x | 2.7x | 2.5x | 3.0x | 2.0x | 2.5x | 2.9x |
| EV / EBITDA | - | 24.0x | 21.1x | 24.6x | 36.6x | 27.0x | 41.6x | 24.7x | 34.0x | 43.0x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -1.6% | -0.9% | -2.8% | 1.1% | 2.7% | -3.1% | - | -4.9% | 0.6% |
| Revenue CAGR (3y) | - | - | -1.1% | -1.8% | 0.0% | 0.4% | 0.5% | 3.9% | 2.5% | 8.9% |
| Revenue CAGR (5y) | - | 2.2% | 1.9% | 4.0% | 6.6% | 6.7% | 6.8% | 7.3% | 7.1% | 8.6% |
| Gross profit growth (YoY) | - | -2.2% | -4.5% | -5.1% | 0.6% | 65.3% | 3.2% | - | - | - |
| Operating income growth (YoY) | - | -18.8% | -19.4% | 13.6% | -11.3% | 36.6% | -2.4% | - | 272.9% | -1.3% |
| Net income growth (YoY) | - | -19.3% | -21.6% | -25.0% | -12.0% | 42.8% | 57.8% | - | 356.3% | -13.2% |
| EPS growth (YoY) | - | -18.4% | -20.2% | 11.8% | -11.9% | 42.8% | -1.0% | - | 361.5% | -5.1% |
| EPS CAGR (3y) | - | - | 73.9% | 1.7% | -15.3% | -11.0% | -21.3% | 1.5% | -18.7% | 54.1% |
| EPS CAGR (5y) | - | -5.6% | -9.4% | 32.3% | 5.9% | 7.1% | 5.8% | 12.4% | 3.9% | 9.0% |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | 85.5% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 8.1% | 7.0% | 6.9% | 8.0% | 15.8% | 20.3% | 19.3% | - | 13.2% | 7.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Business segments
$104.78B totalReportable Segment$104.78B · 100.0%
Product / service
$207.50B totalProduct$102.72B · 49.5%
Food And Beverage$24.14B · 11.6%
Household Essentials$18.02B · 8.7%
Hardlines$15.80B · 7.6%
Apparel And Accessories$15.74B · 7.6%
Home Furnishings And Decor$15.61B · 7.5%
Beauty$13.21B · 6.4%
Advertising Revenue$915.00M · 0.4%
Other Other Revenue$626.00M · 0.3%
Credit Card Profit Sharing$522.00M · 0.3%
Other Product$205.00M · 0.1%
Peer comparison
Same SIC group: Retail-Variety Stores
Comparing TARGET CORP against the 5 most active filers in the same SIC group.
Dividends
$4.56/share trailing 12 months · +1.8% YoY
| Ex-date | Per share |
|---|---|
| May 13, 2026 | $1.1400 |
| Feb 11, 2026 | $1.1400 |
| Nov 12, 2025 | $1.1400 |
| Aug 13, 2025 | $1.1400 |
| May 14, 2025 | $1.1200 |
| Feb 12, 2025 | $1.1200 |
| Nov 20, 2024 | $1.1200 |
| Aug 21, 2024 | $1.1200 |
| May 14, 2024 | $1.1000 |
| Feb 20, 2024 | $1.1000 |
| Nov 14, 2023 | $1.1000 |
| Aug 15, 2023 | $1.1000 |
| May 16, 2023 | $1.0800 |
| Feb 14, 2023 | $1.0800 |
| Nov 15, 2022 | $1.0800 |
| Aug 16, 2022 | $1.0800 |
| May 17, 2022 | $0.9000 |
| Feb 15, 2022 | $0.9000 |
| Nov 16, 2021 | $0.9000 |
| Aug 17, 2021 | $0.9000 |
| May 18, 2021 | $0.6800 |
| Feb 16, 2021 | $0.6800 |
| Nov 17, 2020 | $0.6800 |
| Aug 18, 2020 | $0.6800 |