Discontinued — last reported Q4 '25

Operating Income

Gross Profit

Target Gross Profit increased by 13.7% to $8.11B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 8.9%, from $8.91B to $8.11B. Over 3 years (FY 2022 to FY 2025), Gross Profit shows an upward trend with a 5.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025Mar 11, 2026

How to read this metric

An increase suggests improved manufacturing efficiency, favorable product mix, or higher pricing power, while a decrease may indicate rising raw material costs, supply chain inefficiencies, or competitive pricing pressure.

Detailed definition

Gross profit represents the residual earnings a company retains after deducting the direct costs associated with produci...

Peer comparison

Peers in the medical device and diagnostics sector typically maintain high gross margins due to intellectual property and specialized manufacturing, though these vary based on the specific product mix of nutritionals versus high-tech devices.

Metric ID: gross_profit

Historical Data

18 periods
 Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$7.45B$11.60B$6.71B$5.90B$6.84B$5.65B$6.94B$6.98B$7.25B$7.63B$7.06B$7.63B$7.27B$8.91B$6.72B$7.31B$7.13B$8.11B
QoQ Change+55.8%-42.2%-12.1%+16.0%-17.3%+22.7%+0.6%+3.9%+5.3%-7.5%+8.0%-4.7%+22.6%-24.6%+8.8%-2.4%+13.7%
YoY Change-8.2%-51.3%+3.4%+18.3%+6.0%+35.0%+1.8%+9.3%+0.2%+16.7%-4.8%-4.2%-1.8%-8.9%
Range$5.65B$11.60B
CAGR+2.0%
Avg YoY Growth+0.8%
Median YoY Growth+1.0%

Frequently Asked Questions

What is Target's gross profit?
Target (TGT) reported gross profit of $8.11B in Q4 2025.
How has Target's gross profit changed year-over-year?
Target's gross profit decreased by 8.9% year-over-year, from $8.91B to $8.11B.
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 5.3% compound annual growth rate (CAGR), from $25.10B to $29.27B.
What does gross profit mean?
The total revenue earned from sales minus the direct costs required to manufacture and deliver those products.