Target Corporation (TGT) financials
Target revenue and earnings by year
Target's revenue was $105 billion in the fiscal year to January 31, 2026, down 1.7% from the year before. Net income was $3.71 billion, 3.5% of revenue. Since the fiscal year to January 28, 2017, revenue has grown 4.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Jan 2026 | Feb 2025 | Feb 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 104.8 | 106.6 | 107.4 | 109.1 | 106.0 | 93.6 | 78.1 | 75.4 | 72.7 | 70.3 |
| Revenue growth | -1.7% | -0.8% | -1.6% | 2.9% | 13.3% | 19.8% | 3.7% | 3.6% | 3.5% | — |
| Gross profit | 29.3 | 30.1 | 29.6 | 26.8 | 31.0 | 27.4 | 23.2 | 22.1 | 21.6 | 21.1 |
| Gross margin | 27.9% | 28.2% | 27.5% | 24.6% | 29.3% | 29.3% | 29.8% | 29.3% | 29.7% | 30.1% |
| Operating income | 5.1 | 5.6 | 5.7 | 3.8 | 8.9 | 6.5 | 4.7 | 4.1 | 4.2 | 4.9 |
| Operating margin | 4.9% | 5.2% | 5.3% | 3.5% | 8.4% | 7.0% | 6.0% | 5.5% | 5.8% | 6.9% |
| Net income | 3.7 | 4.1 | 4.1 | 2.8 | 6.9 | 4.4 | 3.3 | 2.9 | 2.9 | 2.7 |
| Net margin | 3.5% | 3.8% | 3.9% | 2.5% | 6.6% | 4.7% | 4.2% | 3.9% | 4.0% | 3.9% |
| Diluted EPS | $8.13 | $8.86 | $8.94 | $5.98 | $14.10 | $8.64 | $6.37 | $5.51 | $5.30 | $4.72 |
| Free cash flow | 2.8 | 4.5 | 3.8 | -1.5 | 5.1 | 7.9 | 4.2 | 2.5 | 4.4 | 3.9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open TGT in Markets.
How Target makes money
Revenue by segment in the quarter to August 1, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $25.9B | 97.8% |
| Advertising Revenue | $279M | 1.1% |
| Other Other Revenue | $174M | 0.7% |
| Credit Card Profit Sharing | $139M | 0.5% |
See also: TGT valuation and P/E history · TGT returns
No forecast, no recommendation. This page describes Target Corporation from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.