TARGET CORP TGT

Consumer discretionary SIC 5331 - Retail-Variety Stores NAICS Retail Trade › General Merchandise Retailers › Warehouse Clubs, Supercenters, and Other General Merchandise Retailers › All Other General Merchandise Retailers derived NYSE

Target Corporation was incorporated in Minnesota in 1902. Our corporate purpose is to help all families discover the joy of everyday life. We offer our customers, referred to as "guests," fashionable, differentiated merchandise and everyday essentials at discounted prices. We operate as a single segment designed to enable guests to purchase products seamlessly in stores or through our digital channels. Since 1946, we have given 5 percent of our profit to communities.

When used in this report, the terms "we," "our," "us," "Target," and the "Corporation" mean Target Corporation and its subsidiaries, collectively, unless the context otherwise requires or indicates.

Target's strategy is grounded in our purpose to help all families discover the joy of everyday life and our ambition to be the most delightful experience in retail. We differentiate through design, style, and value, and a curated multi-category assortment delivered across stores and digital channels.

Last close 152.76 2026-10-23
Market cap $69.40B 2026-08-01 share count
52-week range 83.44 - 170.75

Valuation FY2025 figures against the last close

P/S0.7x
P/E18.8x
P/FCF24.5x
EV/EBITDA8.9x
Dividend yield3.0%
Diluted EPS8.13

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $104.78B$106.57B$107.41B$109.12B$106.00B$93.56B$78.11B$75.36B$72.71B$70.27B
Cost of revenue $75.51B$76.50B$77.83B$82.31B$74.96B$66.18B$54.86B$53.30B$51.12B$49.15B
Gross profit $29.27B$30.06B$29.58B$26.81B$31.04B$27.38B$23.25B$22.06B$20.75B$20.35B
SG&A $21.54B$21.97B$21.46B$20.58B$19.75B$18.61B$16.23B$15.72B$15.14B$14.22B
Operating income $5.12B$5.57B$5.71B$3.85B$8.95B$6.54B$4.66B$4.11B$4.22B$4.86B
Interest expense $445.0M$411.0M$502.0M$478.0M$421.0M$977.0M$477.0M$461.0M$653.0M$991.0M
Pre-tax income $4.77B$5.26B$5.30B$3.42B$8.91B$5.55B$4.19B$3.68B$3.63B$3.96B
Income tax $1.06B$1.17B$1.16B$638.0M$1.96B$1.18B$921.0M$746.0M$722.0M$1.29B
Net income $3.71B$4.09B$4.14B$2.78B$6.95B$4.37B————
EPS, basic 8.168.898.966.0214.238.726.425.555.324.73
EPS, diluted 8.138.868.945.9814.108.646.365.515.294.69
Shares, diluted (wtd. avg.) 455.6M461.8M462.8M464.7M492.7M505.4M515.6M533.2M550.3M582.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $5.49B$4.76B$3.81B$2.23B$5.91B$8.51B$2.58B$1.56B$2.64B$2.51B
Short-term investments $4.61B$3.89B$2.90B$1.34B$4.99B$7.64B$1.81B$769.0M$1.91B$1.11B
Inventory $12.30B$12.74B$11.89B$13.50B$13.90B$10.65B$8.99B$9.50B$8.60B$8.31B
Total current assets $20.00B$19.45B$17.50B$17.85B$21.57B$20.76B$12.90B$12.52B$12.54B$11.99B
Property, plant and equipment ———$31.51B$28.18B—$26.28B$25.53B$24.54B$24.66B
Goodwill $631.0M$631.0M$631.0M$631.0M$631.0M$631.0M$633.0M$633.0M$630.0M$133.0M
Other intangibles —————$37.0M$53.0M$66.0M$79.0M$126.0M
Total assets $59.49B$57.77B$55.36B$53.34B$53.81B$51.25B$42.78B$41.29B$40.30B$37.43B
Accounts payable $12.62B$13.05B$12.10B$13.49B$15.48B$12.86B$9.92B$9.76B$8.68B$7.25B
Short-term debt ——————$161.0M$1.05B$270.0M$1.72B
Total current liabilities $21.23B$20.80B$19.30B$19.50B$21.75B$20.12B$14.49B$15.01B$13.05B$12.71B
Long-term debt $14.40B$13.90B$14.15B$14.14B$11.57B$10.64B$9.99B$10.25B$10.44B$11.71B
Retained earnings $9.30B$8.09B$7.09B$5.00B$6.92B$8.82B$6.43B$6.02B$6.50B$5.88B
Total equity $16.16B$14.67B$13.43B$11.23B$12.83B$14.44B$11.83B$11.30B$11.65B$10.91B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $6.56B$7.37B$8.62B$4.02B$8.62B$10.53B$7.12B$5.97B$6.93B$5.44B
Depreciation and amortisation $3.13B$2.98B$2.80B$2.70B$2.64B$2.48B$2.60B$2.47B$2.48B$2.32B
Stock-based compensation $281.0M$304.0M$251.0M$220.0M$228.0M$200.0M$147.0M$132.0M$112.0M$113.0M
Capital expenditure $3.73B$2.89B$4.81B$5.53B$3.54B$2.65B$3.03B$3.52B$2.53B$1.55B
Investing cash flow -$3.65B-$2.86B-$4.76B-$5.50B-$3.15B-$2.59B-$2.94B-$3.42B-$3.08B-$1.47B
Financing cash flow -$2.19B-$3.55B-$2.29B-$2.20B-$8.07B-$2.00B-$3.15B-$3.64B-$3.73B-$5.50B
Dividends paid $2.05B$2.05B$2.01B$1.84B$1.55B$1.34B$1.33B$1.33B$1.34B$1.35B
Buybacks $408.0M$1.01B$0$2.65B$7.19B$745.0M$1.56B$2.12B$1.05B$3.71B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-027508.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50B 100B 150B Revenue, FY2016: 70.3B Gross profit, FY2016: 20.4B Revenue, FY2017: 72.7B Gross profit, FY2017: 20.8B Revenue, FY2018: 75.4B Gross profit, FY2018: 22.1B Revenue, FY2019: 78.1B Gross profit, FY2019: 23.2B Revenue, FY2020: 93.6B Gross profit, FY2020: 27.4B Net income, FY2020: 4.4B Revenue, FY2021: 106B Gross profit, FY2021: 31B Net income, FY2021: 6.9B Revenue, FY2022: 109.1B Gross profit, FY2022: 26.8B Net income, FY2022: 2.8B Revenue, FY2023: 107.4B Gross profit, FY2023: 29.6B Net income, FY2023: 4.1B Revenue, FY2024: 106.6B Gross profit, FY2024: 30.1B Net income, FY2024: 4.1B Revenue, FY2025: 104.8B Gross profit, FY2025: 29.3B Net income, FY2025: 3.7B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $70.27B $72.71B $75.36B $78.11B $93.56B $106.00B $109.12B $107.41B $106.57B $104.78B
Gross profit $20.35B $20.75B $22.06B $23.25B $27.38B $31.04B $26.81B $29.58B $30.06B $29.27B
Net income — — — — $4.37B $6.95B $2.78B $4.14B $4.09B $3.71B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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