What is Target's deferred tax assets?

Target (TGT) reported deferred tax assets of $2.27B in Q4 2025.

How has Target's deferred tax assets changed year-over-year?

Target's deferred tax assets decreased by 1.7% year-over-year, from $2.30B to $2.27B.

What is the long-term trend for Target's deferred tax assets?

Over 2 years (2021 to 2024), Target's deferred tax assets has grown at a 104.1% compound annual growth rate (CAGR), from $548.00M to $2.28B.

What does deferred tax assets mean?

Future tax savings that the company expects to realize due to past accounting differences or tax losses.

Discontinued — last reported Q3 '25

Non-Current Assets

Deferred Tax Assets

Target Deferred Tax Assets increased by 6191.7% to $2.27B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.7%, from $2.30B to $2.27B. Over 2 years (FY 2021 to FY 2024), Deferred Tax Assets shows an upward trend with a 104.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryEfficiency

SignalHigher is better

VolatilityModerate

First reportedQ4 2022

Last reportedQ3 2025

How to read this metric

An increase can signal future tax efficiency or the utilization of past losses, while a decrease may indicate the realization of those benefits.

Detailed definition

These are assets on the balance sheet that represent future tax savings resulting from temporary differences between the...

Peer comparison

Common in large, capital-intensive companies; peers with significant R&D spending often have large deferred tax assets from tax credits.

Metric ID: deferred_tax_assets

Historical Data

17 periods

	Q1 '21	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q4 '25
Value	$170.00M	$57.00M	$321.00M	$0.00	$115.00M	$26.00M	$111.00M	$330.00M	$95.00M	-$74.00M	$356.00M	$64.00M	$48.00M	-$133.00M	$2.30B	$36.00M	$2.27B
QoQ Change	—	-66.5%	+463.2%	-100.0%	—	-77.4%	+326.9%	+197.3%	-71.2%	-177.9%	+581.1%	-82.0%	-25.0%	-377.1%	>999%	-98.4%	>999%
YoY Change	—	—	—	—	-32.4%	-54.4%	-65.4%	—	-17.4%	-166.7%	+7.9%	-32.6%	—	-79.7%	+546.9%	-43.8%	-1.7%

Range-$133.00M – $2.30B

CAGR+91.1%

Avg YoY Growth+5.5%

Median YoY Growth-32.6%

Frequently Asked Questions

What is Target's deferred tax assets?: Target (TGT) reported deferred tax assets of $2.27B in Q4 2025.
How has Target's deferred tax assets changed year-over-year?: Target's deferred tax assets decreased by 1.7% year-over-year, from $2.30B to $2.27B.
What is the long-term trend for Target's deferred tax assets?: Over 2 years (2021 to 2024), Target's deferred tax assets has grown at a 104.1% compound annual growth rate (CAGR), from $548.00M to $2.28B.
What does deferred tax assets mean?: Future tax savings that the company expects to realize due to past accounting differences or tax losses.