Thursday 29 October 2026 Export TGT’s income statement to Excel — free account

Target Corporation

Target Corporation’s revenue for fiscal 2026 (year ended January 2026) was $104.8 billion, down 1.68% from fiscal 2025. In the quarter to July 2026, revenue grew 5.27%, EPS grew 100.5%, free cash flow grew 141.2% and total debt fell 6.68%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

149.58 0.62 +0.42%

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Market cap: $67.7B
P/E: 15.4×
Fwd P/E: 14.7×
Dividend yield: 3.86%
F-score: 6/9
Altman Z: 2.90
Beneish M: n/a
Dividend safety: 73/100

Overview Business Profile Financial Analysis Segments Filings

Target Corporation (TGT) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by segment, and margins
Reportable Segment	104,780	100.00%
Gross margin		27.93%
Operating margin		4.88%
Pre-tax margin		4.55%

Revenue by product or service $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Food & beverage	24,136 23.03%	23,828 22.36%	23,899 22.25%	22,918 21.00%	20,306 19.16%	18,135 19.38%	15,039 19.25%	14,585 19.35%	14,256 19.61%	13,831 19.68%
Household essentials	18,017 17.20%	18,614 17.47%	18,746 17.45%	18,483 16.94%	—	—	—	—	—	—
Hardlines (Fun 101)	15,800 15.08%	15,784 14.81%	16,162 15.05%	17,739 16.26%	18,614 17.56%	16,626 17.77%	12,595 16.12%	12,709 16.87%	12,062 16.59%	11,507 16.38%
Apparel & accessories	15,737 15.02%	16,505 15.49%	16,485 15.35%	17,646 16.17%	17,931 16.92%	14,772 15.79%	14,304 18.31%	13,434 17.83%	13,323 18.32%	14,304 20.36%
Home furnishings & décor	15,608 14.90%	16,699 15.67%	17,760 16.53%	19,463 17.84%	20,255 19.11%	18,231 19.49%	14,430 18.47%	14,298 18.97%	13,672 18.80%	13,130 18.68%
Beauty	13,214 12.61%	13,173 12.36%	12,538 11.67%	11,092 10.16%	—	—	—	—	—	—
Advertising revenue	915 0.87%	649 0.61%	522 0.49%	404 0.37%	—	—	—	—	—	—
Other	626 0.60%	521 0.49%	420 0.39%	394 0.36%	684 0.65%	495 0.53%	302 0.39%	250 0.33%	234 0.32%	194 0.28%
Credit card profit sharing	522 0.50%	576 0.54%	667 0.62%	734 0.67%	710 0.67%	666 0.71%	680 0.87%	673 0.89%	694 0.95%	663 0.94%
Other merchandise sales	205 0.20%	217 0.20%	213 0.20%	247 0.23%	237 0.22%	175 0.19%	146 0.19%	111 0.15%	109 0.15%	92 0.13%
Beauty and Household Essentials	—	—	—	—	27,268 25.72%	24,461 26.14%	20,616 26.39%	19,296 25.61%	18,364 25.26%	16,550 23.55%
Other revenue	—	—	—	—	1,394	1,161	982	923	928	857
Product	102,717	104,820	105,803	107,588	104,611	92,400	77,130	74,433	71,786	69,414
Revenue	104,780	106,566	107,412	109,120	106,005	93,561	78,112	75,356	72,714	70,271

Revenue by segment $m

Line	FY2026	FY2025	FY2024	FY2023	FY2014	FY2013	FY2012	FY2011	FY2010
Reportable Segment	104,780 100.00%	106,566 100.00%	107,412 100.00%	109,120 100.00%	—	—	—	—	—
US Retail	—	—	—	—	71,279 100.00%	71,960 98.17%	68,466 98.00%	65,786 97.62%	63,435 97.06%
Canadian Retail	—	—	—	—	1,317 1.85%	0 0.00%	0 0.00%	—	—
Credit Card	—	—	—	—	—	—	—	1,604 2.38%	1,922 2.94%
Other, not broken out	—	—	—	—	—	1,341 1.83%	1,399 2.00%	—	—
Eliminations	—	—	—	—	(1,317) (1.85%)	—	—	—	—
Revenue	104,780	106,566	107,412	109,120	71,279	73,301	69,865	67,390	65,357

Operating income by segment $m, and margin

	FY2026	FY2025	FY2024	FY2023	FY2014	FY2013	FY2012	FY2011	FY2010
Reportable Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡
US Retail	‡	‡	‡	‡	‡	‡	‡	‡	‡
Credit Card	‡	‡	‡	‡	‡	‡	‡	‡	‡
Canadian Retail	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
170,000 or more sq. ft.	Q2 FY2027	274.00	273.00	+0.37%
49,999 or less sq. ft.	Q2 FY2027	147.00	147.00	0.00%
50,000 to 169,999 sq. ft.	Q2 FY2027	1.6K	1.6K	+2.30%
Average transaction amount	Q2 FY2027	0.20%	−0.60%	—
Digitally originated	Q2 FY2027	19.6%	18.9%	—
Digitally originated comparable sales change	Q2 FY2027	8.70%	4.30%	—
Number of transactions	Q2 FY2027	3.60%	−1.30%	—
Other	Q2 FY2027	2.40%	2.30%	—
Same-day delivery through Target Circle 360	Q1 FY2027	27.0%	36.0%	—
Total	Q2 FY2027	2.0K	2.0K	+1.87%
Total	Q2 FY2027	253.8M	248.7M	+2.06%

	Q2 FY2027	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024
170,000 or more sq. ft.	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
49,999 or less sq. ft.	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
50,000 to 169,999 sq. ft.	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average transaction amount	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Digitally originated	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Digitally originated comparable sales change	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of transactions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same-day delivery through Target Circle 360	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.