Target Corporation (TGT) — Financial statements
Income statement, balance sheet, and cash flow for Target Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 104,780↓1.7% | 106,566↓0.8% | 107,412↓1.6% | 109,120↑2.9% | 106,005 | |
| Cost of Revenue | 75,511↓1.3% | 76,502↓1.7% | 77,828↓5.4% | 82,306↑9.8% | 74,963 | |
| Gross Profit | 29,269↓2.6% | 30,064↑1.6% | 29,584↑10.3% | 26,814↓13.6% | 31,042 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 21,535↓2.0% | 21,969↑2.4% | 21,462↑4.3% | 20,581↑4.2% | 19,752 | |
| Other Expenses | 2,617↑3.5% | 2,529↑4.7% | 2,415↑1.3% | 2,385↑1.7% | 2,344 | |
| Operating Expenses | 24,152↓1.4% | 24,498↑2.6% | 23,877↑4.0% | 22,966↑3.9% | 22,096 | |
| Total Costs & Expenses | 99,663↓1.3% | 101,000↓0.7% | 101,705↓3.4% | 105,272↑8.5% | 97,059 | |
| Operating Results | ||||||
| Operating Income | 5,117↓8.1% | 5,566↓2.5% | 5,707↑48.3% | 3,848↓57.0% | 8,946 | |
| Depreciation & Amortization | 3,134↑5.1% | 2,981↑6.4% | 2,801↑3.7% | 2,700↑2.2% | 2,642 | |
| EBITDA | 8,346↓3.5% | 8,653↑0.6% | 8,600↑30.4% | 6,596↓44.9% | 11,970 | |
| EBIT | 5,212↓8.1% | 5,672↓2.2% | 5,799↑48.8% | 3,896↓58.2% | 9,328 | |
| Interest & Other Income | ||||||
| Net Interest Income | -445↓8.3% | -411↑18.1% | -502↓5.0% | -478↓13.5% | -421 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 445↑8.3% | 411↓18.1% | 502↑5.0% | 478↑13.5% | 421 | |
| Non-Operating Income | -95↑10.4% | -106↓15.2% | -92↓91.7% | -48↑87.4% | -382 | |
| Other Income / Expenses | -350↓14.8% | -305↑25.6% | -410↑4.7% | -430↓1002.6% | -39 | |
| Income Before Tax | 4,767↓9.4% | 5,261↓0.7% | 5,297↑55.0% | 3,418↓61.6% | 8,907 | |
| Income Tax Expense | 1,062↓9.2% | 1,170↑0.9% | 1,159↑81.7% | 638↓67.5% | 1,961 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 3,705↓9.4% | 4,091↓1.1% | 4,138↑48.8% | 2,780↓60.0% | 6,946 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 3,705↓9.4% | 4,091↓1.1% | 4,138↑48.8% | 2,780↓60.0% | 6,946 | |
| Bottom-Line Net Income | 3,705↓9.4% | 4,091↓1.1% | 4,138↑48.8% | 2,780↓60.0% | 6,946 | |
| EPS (Basic) | 8.16↓8.2% | 8.89↓0.8% | 8.96↑48.8% | 6.02↓57.7% | 14.23 | |
| EPS (Diluted) | 8.13↓8.2% | 8.86↓0.9% | 8.94↑49.5% | 5.98↓57.6% | 14.10 | |
| Weighted Average Shares | 454↓1.4% | 460↓0.2% | 462↓0.1% | 462↓5.3% | 488 | |
| Weighted Average Diluted Shares | 456↓1.3% | 462↓0.2% | 463↓0.4% | 465↓5.7% | 493 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.