Target Corporation (TGT) income statement
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
Target Corporation (TGT) reported revenue of $26.5B for Q2 '26 (+5.3% year on year), operating income of $2.56B (9.6% of revenue) and net income of $1.88B. Over the last four quarters revenue was $108B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.4B | $31.9B | $24.5B | $25.5B | $25.7B | $30.9B | $23.8B | $25.2B | $25.3B | $30.5B | $25.4B | $26.5B | |
| Cost of revenue | $18.1B | $23.4B | $17.4B | $17.8B | $18.4B | $22.9B | $17.1B | $17.9B | $18.1B | $22.3B | $18.1B | $17.6B | |
| Gross profit | $7.25B | $8.52B | $7.08B | $7.65B | $7.29B | $8.04B | $6.72B | $7.31B | $7.13B | $8.11B | $7.38B | $8.94B | |
| Other operating expenses | $616M | $622M | $618M | $626M | $639M | $646M | $655M | $632M | $649M | $681M | $685M | $651M | |
| Operating expenses | $5.93B | $6.65B | $5.79B | $6.02B | $6.13B | $6.57B | $5.25B | $5.99B | $6.19B | $6.73B | $6.25B | $6.38B | |
| Operating income | $1.32B | $1.87B | $1.3B | $1.64B | $1.17B | $1.47B | $1.47B | $1.32B | $948M | $1.38B | $1.14B | $2.56B | |
| Interest expense | $107M | $107M | $106M | $110M | $105M | $90M | $116M | $116M | $115M | $98M | $117M | $98M | |
| Other non-operating income (gains on investments, FX ...) | -$25M | -$28M | -$29M | -$20M | -$28M | -$29M | -$26M | -$17M | -$26M | -$26M | -$15M | $3M | |
| Total non-operating income | -$82M | -$79M | -$77M | -$90M | -$77M | -$61M | -$90M | -$99M | -$89M | -$72M | -$102M | -$101M | |
| Income before tax | $1.24B | $1.79B | $1.22B | $1.55B | $1.09B | $1.41B | $1.38B | $1.22B | $859M | $1.31B | $1.03B | $2.46B | |
| Income tax | $264M | $404M | $277M | $353M | $237M | $303M | $346M | $283M | $170M | $263M | $252M | $582M | |
| Net income | $971M | $1.38B | $942M | $1.19B | $854M | $1.1B | $1.04B | $935M | $689M | $1.05B | $781M | $1.88B | |
| EPS (basic) | $2.10 | $2.99 | $2.04 | $2.58 | $1.86 | $2.42 | $2.28 | $2.06 | $1.52 | $2.31 | $1.72 | $4.13 | |
| EPS (diluted) | $2.10 | $2.98 | $2.03 | $2.57 | $1.85 | $2.41 | $2.27 | $2.05 | $1.51 | $2.30 | $1.71 | $4.11 | |
| Shares (basic, weighted) | 462M | 462M | 462M | 463M | 460M | 457M | 455M | 455M | 454M | 453M | 454M | 454M | |
| Shares (diluted, weighted) | 463M | 463M | 464M | 464M | 462M | 458M | 457M | 456M | 455M | 455M | 456M | 457M | |
| Depreciation & amortization | $722M | $729M | $718M | $743M | $754M | $766M | $787M | $771M | $773M | $803M | $813M | $784M | |
| EBITDA | $2.06B | $2.62B | $2.04B | $2.4B | $1.95B | $2.26B | $2.29B | $2.11B | $1.75B | $2.21B | $1.96B | $3.34B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.3B | $72.7B | $75.4B | $78.1B | $93.6B | $106B | $109B | $107B | $107B | $105B | |
| Cost of revenue | $49.1B | $51.1B | $53.3B | $54.9B | $66.2B | $75B | $82.3B | $77.8B | $76.5B | $75.5B | |
| Gross profit | $21.1B | $21.6B | $22.1B | $23.2B | $27.4B | $31B | $26.8B | $29.6B | $30.1B | $29.3B | |
| Other operating expenses | $2.05B | $2.23B | $2.22B | $2.36B | $2.23B | $2.34B | $2.39B | $2.42B | $2.53B | $2.62B | |
| Operating expenses | $16.3B | $17.4B | $17.9B | $18.6B | $20.8B | $22.1B | $23B | $23.9B | $24.5B | $24.2B | |
| Operating income | $4.86B | $4.22B | $4.11B | $4.66B | $6.54B | $8.95B | $3.85B | $5.71B | $5.57B | $5.12B | |
| Interest expense | $991M | $653M | $461M | $477M | $977M | $421M | $478M | $502M | $411M | $445M | |
| Other non-operating income (gains on investments, FX ...) | -$88M | -$59M | -$27M | -$9M | $16M | -$382M | -$48M | -$92M | -$106M | -$95M | |
| Total non-operating income | -$903M | -$594M | -$434M | -$468M | -$993M | -$39M | -$430M | -$410M | -$305M | -$350M | |
| Income before tax | $3.96B | $3.63B | $3.68B | $4.19B | $5.55B | $8.91B | $3.42B | $5.3B | $5.26B | $4.77B | |
| Income tax | $1.3B | $722M | $746M | $921M | $1.18B | $1.96B | $638M | $1.16B | $1.17B | $1.06B | |
| Net income | $2.73B | $2.91B | $2.94B | $3.28B | $4.37B | $6.95B | $2.78B | $4.14B | $4.09B | $3.71B | |
| EPS (basic) | $4.74 | $5.32 | $5.56 | $6.42 | $8.73 | $14.23 | $6.02 | $8.96 | $8.89 | $8.16 | |
| EPS (diluted) | $4.70 | $5.29 | $5.51 | $6.36 | $8.64 | $14.10 | $5.98 | $8.94 | $8.86 | $8.13 | |
| Shares (basic, weighted) | 578M | 548M | 529M | 511M | 501M | 488M | 462M | 462M | 460M | 454M | |
| Shares (diluted, weighted) | 583M | 551M | 533M | 516M | 505M | 493M | 465M | 463M | 462M | 456M | |
| Depreciation & amortization | $2.32B | $2.48B | $2.47B | $2.6B | $2.49B | $2.64B | $2.7B | $2.8B | $2.98B | $3.13B | |
| EBITDA | $7.27B | $6.76B | $6.61B | $7.27B | $9.01B | $12B | $6.6B | $8.6B | $8.65B | $8.35B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
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