What is Target's gross profit?

Target (TGT) reported gross profit of $7.38B in Q1 2026.

How has Target's gross profit changed year-over-year?

Target's gross profit increased by 9.9% year-over-year, from $6.72B to $7.38B.

What is the long-term trend for Target's gross profit?

Over 3 years (2022 to 2025), Target's gross profit has grown at a 3.0% compound annual growth rate (CAGR), from $26.81B to $29.27B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Target TGT Gross Profit

Discontinued — last reported Q1 '26

Gross Profit at other companies

Dollar GeneralDG

$3.41B+5.5%

KrogerKR

$10.63B+0.6%

Walmart WMT

$44.69B+8.2%

TJX CompaniesTJX

$4.48B+15.9%

Bath & Body WorksBBWI

$587M-9.1%

Williams-SonomaWSM

$793.43M+3.6%

Other financials

Income statement

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Revenue$25.4B+6.7%

Operating income$1.1B-22.9%

Net income$781.0M-24.6%

EPS (diluted)$1.71-24.7%

Balance sheet

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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

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Operating cash flow$716.0M+160%

CapEx$1.0B+31.0%

Free cash flow-$319.0M+38.1%

Valuation

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Market cap$60.08B+30.1%

Enterprise value$75.37B+21.0%

P/E17.4×+6.4×

P/S0.6×+0.1×

Profitability

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Gross margin28.1%+0.1pp

Operating margin4.5%-0.9pp

Net margin3.2%-0.7pp

FCF margin2.8%-0.5pp

Returns & leverage

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Return on equity22%-7.1pp

Debt / equity1.1×-0.1×

Current ratio0.9×0.0×

Where this comes from

Calculated from Target’s reported figures.

$25.4Btotal revenue−$18.1Btotal cost of revenue=$7.38B

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 gross profit?: Target (TGT) reported gross profit of $7.38B in Q1 2026.
How has Target's gross profit changed year-over-year?: Target's gross profit increased by 9.9% year-over-year, from $6.72B to $7.38B.
What is the long-term trend for Target's gross profit?: Over 3 years (2022 to 2025), Target's gross profit has grown at a 3.0% compound annual growth rate (CAGR), from $26.81B to $29.27B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.