What is Target's D&A?

Target (TGT) reported D&A of $813M in Q1 2026.

How has Target's D&A changed year-over-year?

Target's D&A increased by 3.3% year-over-year, from $787M to $813M.

What is the long-term trend for Target's D&A?

Over 4 years (2021 to 2025), Target's D&A has grown at a 4.4% compound annual growth rate (CAGR), from $2.64B to $3.13B.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Target TGT D&A

D&A at other companies

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$32M+6.7%

HES

Hess MidstreamHESM

$58.5M+13.6%

Warrior Met CoalHCC

$52.27M+15.5%

Cabot CorporationCBT

$49M+28.9%

UnifirstUNF

$35.39M+1.3%

Dave, Inc.DAVE

$1.62M+5.7%

Segments

By segment

See full

Reportable Segment$685M+4.6%

Other financials

Income statement

See full

Revenue$25.4B+6.7%

Gross profit$7.4B+9.9%

Operating income$1.1B-22.9%

Net income$781.0M-24.6%

EPS (diluted)$1.71-24.7%

Balance sheet

See full

Cash & equivalents$3.5B+22.4%

Total debt$18.8B-1.1%

Total equity$16.4B+9.7%

Total assets$58.0B+3.2%

Cash flow

See full

Operating cash flow$716.0M+160%

CapEx$1.0B+31.0%

Free cash flow-$319.0M+38.1%

Valuation

See full

Market cap$63.39B+46.0%

Enterprise value$78.69B+32.1%

P/E18.4×+8.0×

P/S0.6×+0.2×

Profitability

See full

Gross margin28.1%+0.1pp

Operating margin4.5%-0.9pp

Net margin3.2%-0.7pp

FCF margin2.8%-0.5pp

Returns & leverage

See full

Return on equity22%-7.1pp

Debt / equity1.1×-0.1×

Current ratio0.9×0.0×

Where this comes from

Reported directly by Target in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The official record: Target’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Target's D&A?: Target (TGT) reported D&A of $813M in Q1 2026.
How has Target's D&A changed year-over-year?: Target's D&A increased by 3.3% year-over-year, from $787M to $813M.
What is the long-term trend for Target's D&A?: Over 4 years (2021 to 2025), Target's D&A has grown at a 4.4% compound annual growth rate (CAGR), from $2.64B to $3.13B.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.