Business Segments — Cost of Sales
Target Business Segments — Cost of Sales increased by 1.3% to $18.14B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.4%, from $18.40B to $18.14B. Over 2 years (FY 2023 to FY 2025), Business Segments — Cost of Sales shows relatively stable performance with a -3.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to sales suggests margin compression, while a decrease relative to sales indicates improved supply chain efficiency or pricing power.
Detailed definition
This metric captures the direct costs attributable to the production or acquisition of the goods sold by a specific busi...
Peer comparison
Commonly referred to as Cost of Goods Sold (COGS) across all industries; essential for calculating gross margin.
tgt_segment_reportable_segment_cost_of_salesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $20.58B | $20.58B | $20.58B | $20.58B | $19.46B | $19.46B | $19.46B | $19.46B | $17.47B | $17.83B | $18.40B | $22.80B | $17.13B | $17.90B | $18.14B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -5.4% | +0.0% | +0.0% | +0.0% | -10.2% | +2.0% | +3.2% | +23.9% | -24.9% | +4.5% | +1.3% |
| YoY Change | — | — | — | — | -5.4% | -5.4% | -5.4% | -5.4% | -10.2% | -8.4% | -5.4% | +17.2% | -2.0% | +0.4% | -1.4% |
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Frequently Asked Questions
- What is Target's business segments — cost of sales?
- Target (TGT) reported business segments — cost of sales of $18.14B in Q3 2025.
- How has Target's business segments — cost of sales changed year-over-year?
- Target's business segments — cost of sales decreased by 1.4% year-over-year, from $18.40B to $18.14B.
- What is the long-term trend for Target's business segments — cost of sales?
- Over 2 years (2023 to 2025), Target's business segments — cost of sales has grown at a -3.6% compound annual growth rate (CAGR), from $82.31B to $76.50B.
- What does business segments — cost of sales mean?
- The direct costs incurred to acquire or produce the products sold by a specific business segment.