Discontinued — last reported Q3 '25

Supplemental

New Operating Lease ROU

Target New Operating Lease ROU remained flat by 0.0% to $95.25M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 49.7%, from $189.50M to $95.25M. Over 2 years (FY 2023 to FY 2025), New Operating Lease ROU shows a downward trend with a -39.1% CAGR.

Analysis

StatementCash Flow Statement
SectionSupplemental
CategoryLeverage
SignalContext dependent
VolatilityModerate
First reportedQ1 2019
Last reportedQ3 2025

How to read this metric

An increase signals expansion of physical footprint or infrastructure capacity through leasing rather than capital expenditure.

Detailed definition

Captures the non-cash impact of recognizing new right-of-use assets and corresponding lease liabilities under accounting...

Peer comparison

Standard disclosure under ASC 842 for companies with significant real estate or equipment lease portfolios.

Metric ID: amzn_rou_asset_operating_lease_noncash

Historical Data

3 years
 FY'23FY'24FY'25
Value$1.03B$758.00M$381.00M
YoY Change—-26.2%-49.7%
Range$381.00M – $1.03B
CAGR-39.1%
Avg YoY Growth-38.0%
Median YoY Growth-38.0%
Current Streak2+ years decline

Frequently Asked Questions

What is Target's new operating lease rou?
Target (TGT) reported new operating lease rou of $95.25M in Q4 2025.
How has Target's new operating lease rou changed year-over-year?
Target's new operating lease rou decreased by 49.7% year-over-year, from $189.50M to $95.25M.
What is the long-term trend for Target's new operating lease rou?
Over 2 years (2023 to 2025), Target's new operating lease rou has grown at a -39.1% compound annual growth rate (CAGR), from $1.03B to $381.00M.
What does new operating lease rou mean?
The value of new long-term lease obligations recognized on the balance sheet without immediate cash payment.