Target Corporation (TGT) balance sheet

NYSE · Consumer Defensive · Discount Stores · 415,000 employees · CEO Michael J. Fiddelke

Price: $154.24 +1.59%
Market cap: $70.1B
Enterprise value: $83.4B
Last report: Q2 '26 filed 2026-08-28
Next report: 2026-11-18 EPS est. $2.05

At the end of Q2 '26 Target Corporation (TGT) held $5.41B in cash and short-term investments against $18.7B of debt incl. leases. Total assets $61.2B, total liabilities $43.4B, shareholders' equity $17.8B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	$1.91B	$3.81B	$3.6B	$3.5B	$3.43B	$4.76B	$2.89B	$4.34B	$3.82B	$5.49B	$3.53B	$5.41B
Receivables	$0	$1.4B	$0	$0	$0	$1.54B	$0	$0	$0	$1.81B	$0	$0
Inventory	$14.7B	$11.9B	$11.7B	$12.6B	$15.2B	$12.7B	$13B	$12.9B	$14.9B	$12.3B	$12.3B	$13.2B
Other current assets	$1.96B	$202M	$1.74B	$1.82B	$1.96B	$185M	$1.82B	$1.81B	$1.98B	$183M	$2.21B	$2.27B
Current assets	$18.6B	$17.5B	$17.1B	$17.9B	$20.6B	$19.5B	$17.8B	$19B	$20.7B	$20B	$18.1B	$20.9B
Property, plant & equipment (net)	$36.3B	$36.5B	$36.6B	$36.6B	$36.4B	$36.8B	$36.9B	$37.3B	$37.4B	$37.5B	$37.8B	$38.4B
Goodwill	$0	$631M	$0	$0	$0	$631M	$0	$0	$0	$631M	$0	$0
Other non-current assets	$1.38B	$769M	$1.44B	$1.46B	$1.53B	$899M	$1.51B	$1.56B	$1.84B	$1.4B	$2.12B	$1.95B
Non-current assets	$37.6B	$37.9B	$38B	$38.1B	$38B	$38.3B	$38.4B	$38.8B	$39.3B	$39.5B	$39.9B	$40.3B
Total assets	$56.2B	$55.4B	$55.1B	$56B	$58.5B	$57.8B	$56.2B	$57.9B	$60B	$59.5B	$58B	$61.2B
Liabilities
Accounts payable	$14.3B	$12.1B	$11.6B	$12.6B	$14.4B	$13.1B	$11.8B	$12B	$13.8B	$12.6B	$12.2B	$13.3B
Accrued expenses	$6.1B	$1.66B	$5.68B	$5.75B	$5.74B	$1.72B	$6.03B	$6.07B	$6.32B	$1.7B	$0	$0
Short-term debt	$1.11B	$1.12B	$2.61B	$1.64B	$1.64B	$1.64B	$1.14B	$1.14B	$1.13B	$2.13B	$1.13B	$1.14B
Taxes payable	$0	$827M	$0	$0	$0	$1.04B	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$1.16B	$0	$0	$0	$1.21B	$0	$0	$0	$1.2B	$0	$0
Other current liabilities	$0	$1.49B	$0	$0	$0	$1.27B	$0	$0	$0	$1.55B	$6.06B	$6.74B
Current liabilities	$21.5B	$19.3B	$19.9B	$20B	$21.8B	$20.8B	$19B	$19.2B	$21.2B	$21.2B	$19.4B	$21.2B
Long-term debt	$14.9B	$14.9B	$13.5B	$13.7B	$14.3B	$14.3B	$14.3B	$15.3B	$15.4B	$14.3B	$14.3B	$14.2B
Lease obligations (non-current)	$3.03B	$3.28B	$3.39B	$3.44B	$3.42B	$3.58B	$3.56B	$3.51B	$3.54B	$3.46B	$3.42B	$3.33B
Deferred revenue (non-current)	$0	$419M	$0	$0	$0	$388M	$0	$0	$0	$358M	$0	$0
Deferred tax liabilities	$2.45B	$2.48B	$2.54B	$2.5B	$2.42B	$2.3B	$2.34B	$2.41B	$2.28B	$2.27B	$2.44B	$2.5B
Other non-current liabilities	$1.85B	$1.52B	$2B	$1.99B	$2.07B	$1.73B	$2.01B	$1.96B	$2.06B	$1.68B	$2.1B	$2.16B
Non-current liabilities	$22.2B	$22.6B	$21.4B	$21.6B	$22.3B	$22.3B	$22.2B	$23.2B	$23.2B	$22.1B	$22.2B	$22.2B
Total liabilities	$43.7B	$41.9B	$41.3B	$41.6B	$44B	$43.1B	$41.2B	$42.4B	$44.5B	$43.3B	$41.6B	$43.4B
Equity
Common stock & paid-in capital	$38M	$38M	$39M	$38M	$38M	$38M	$38M	$38M	$38M	$38M	$38M	$38M
Retained earnings	$6.23B	$7.09B	$7.52B	$8.03B	$8.01B	$8.09B	$8.36B	$8.77B	$8.78B	$9.3B	$9.55B	$10.9B
Accumulated other comprehensive income	-$430M	-$460M	-$465M	-$470M	-$474M	-$458M	-$462M	-$468M	-$471M	-$417M	-$415M	-$414M
Shareholders' equity	$12.5B	$13.4B	$13.8B	$14.4B	$14.5B	$14.7B	$14.9B	$15.4B	$15.5B	$16.2B	$16.4B	$17.8B
Debt
Total debt (incl. leases)	$19B	$19.6B	$19.5B	$18.7B	$19.4B	$19.9B	$19B	$20B	$20B	$20.3B	$18.8B	$18.7B
Net debt (debt - cash)	$17.1B	$15.8B	$15.9B	$15.2B	$16B	$15.1B	$16.2B	$15.6B	$16.2B	$14.8B	$15.3B	$13.3B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$2.51B	$2.64B	$1.56B	$767M	$8.51B	$5.91B	$2.23B	$3.81B	$4.76B	$5.49B
Short-term investments	$0	$0	$0	$1.81B	$0	$0	$0	$0	$0	$0
Receivables	$749M	$929M	$1.1B	$962M	$1.14B	$1.35B	$1.7B	$1.4B	$1.54B	$1.81B
Inventory	$8.31B	$8.6B	$9.5B	$8.99B	$10.7B	$13.9B	$13.5B	$11.9B	$12.7B	$12.3B
Other current assets	$213M	$214M	$209M	$217M	$286M	$237M	$235M	$202M	$185M	$183M
Current assets	$12B	$12.5B	$12.5B	$12.9B	$20.8B	$21.6B	$17.8B	$17.5B	$19.5B	$20B
Property, plant & equipment (net)	$24.7B	$26.4B	$27.5B	$28.5B	$29.1B	$30.7B	$34.2B	$36.5B	$36.8B	$37.5B
Long-term investments	$345M	$383M	$380M	$418M	$450M	$470M	$440M	$0	$0	$0
Goodwill	$133M	$630M	$633M	$633M	$631M	$631M	$631M	$631M	$631M	$631M
Intangible assets	$126M	$79M	$66M	$53M	$37M	$25M	$14M	$0	$0	$0
Other non-current assets	$179M	$251M	$194M	$254M	$268M	$375M	$235M	$769M	$899M	$1.4B
Non-current assets	$25.4B	$27.8B	$28.8B	$29.9B	$30.5B	$32.2B	$35.5B	$37.9B	$38.3B	$39.5B
Total assets	$37.4B	$40.3B	$41.3B	$42.8B	$51.2B	$53.8B	$53.3B	$55.4B	$57.8B	$59.5B
Liabilities
Accounts payable	$7.25B	$8.68B	$9.76B	$9.92B	$12.9B	$15.5B	$13.5B	$12.1B	$13.1B	$12.6B
Accrued expenses	$1.15B	$1.28B	$1.29B	$1.23B	$1.76B	$1.7B	$1.41B	$1.66B	$1.72B	$1.7B
Short-term debt	$1.72B	$281M	$1.05B	$161M	$1.14B	$171M	$130M	$1.12B	$1.64B	$2.13B
Taxes payable	$729M	$696M	$601M	$601M	$1.58B	$1.04B	$772M	$827M	$1.04B	$0
Deferred revenue	$0	$0	$0	$0	$0	$1.2B	$1.24B	$1.16B	$1.21B	$1.2B
Other current liabilities	$1.52B	$1.66B	$1.81B	$1.92B	$2.71B	$1.48B	$1.67B	$1.49B	$1.27B	$1.55B
Current liabilities	$12.7B	$13.1B	$15B	$14.5B	$20.1B	$21.7B	$19.5B	$19.3B	$20.8B	$21.2B
Long-term debt	$11B	$11.1B	$10.2B	$11.3B	$11.5B	$13.5B	$16B	$14.9B	$14.3B	$14.3B
Lease obligations (non-current)	$0	$1.92B	$2B	$2.28B	$2.22B	$2.49B	$2.64B	$3.28B	$3.58B	$3.46B
Deferred revenue (non-current)	$630M	$600M	$570M	$539M	$509M	$479M	$449M	$419M	$388M	$358M
Deferred tax liabilities	$861M	$693M	$972M	$1.12B	$990M	$1.57B	$2.2B	$2.48B	$2.3B	$2.27B
Other non-current liabilities	$1.25B	$1.27B	$1.21B	$1.19B	$1.43B	$1.15B	$1.31B	$1.52B	$1.73B	$1.68B
Non-current liabilities	$13.8B	$15.6B	$15B	$16.5B	$16.7B	$19.2B	$22.6B	$22.6B	$22.3B	$22.1B
Total liabilities	$26.5B	$28.7B	$30B	$30.9B	$36.8B	$41B	$42.1B	$41.9B	$43.1B	$43.3B
Equity
Common stock & paid-in capital	$46M	$45M	$43M	$42M	$42M	$39M	$38M	$38M	$38M	$38M
Retained earnings	$5.88B	$6.5B	$6.02B	$6.43B	$8.83B	$6.92B	$5.01B	$7.09B	$8.09B	$9.3B
Accumulated other comprehensive income	-$638M	-$747M	-$805M	-$868M	-$756M	-$553M	-$419M	-$460M	-$458M	-$417M
Shareholders' equity	$11B	$11.7B	$11.3B	$11.8B	$14.4B	$12.8B	$11.2B	$13.4B	$14.7B	$16.2B
Debt
Total debt (incl. leases)	$12.7B	$13.5B	$13.4B	$14B	$15.1B	$16.5B	$19.1B	$19.6B	$19.9B	$20.3B
Net debt (debt - cash)	$10.2B	$10.8B	$11.9B	$13.2B	$6.6B	$10.6B	$16.8B	$15.8B	$15.1B	$14.8B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-01, 10-Q 2026-05-02, 10-K 2026-01-31, 10-Q 2025-11-01, 10-Q 2025-08-02, 10-Q 2025-05-03, 10-K 2025-02-01, 10-Q 2024-11-02, 10-Q 2024-08-03

Data as of 2026-11-01