Income StatementBalance SheetCash FlowSegments
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Target Income Statement

Revenue, expenses, and profitability over time

Target generated $106.38B in trailing twelve-month revenue, down 0.0% year-over-year. Net income was $3.5B with a 3.24% net margin. Gross margin stands at 28.14% and operating margin at 4.49%. Diluted EPS is $7.57, which declined 0.2% year-over-year. Based on the Q2 2026 filing.

Total Revenue (TTM)$106.38BGross Profit (TTM)$29.3BOperating Income (TTM)$4.8BNet Income (TTM)$3.5BEps Diluted (TTM)$7.57
Latest FilingQ2 2026
Report Date2026-05-20
Market Cap$57.0B
P/E Ratio16.53
ROE22.02%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$593.0M$655.0M$632.0M$649.0M$681.0M$685.0M
Selling, general and administrative$6.5B$4.6B$5.4B$5.5B$6.0B$5.6B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.04$2.28$2.06$1.52$2.30$1.72
Diluted earnings per share$3.02$2.27$2.05$1.51$2.30$1.71
Antidilutive Securities Excluded from EPS125K525K525K525K525K—
Weighted-average shares, basic6M455M454.6M453.7M—453.8M
Weighted-average shares, diluted6.1M456.5M455.6M455.1M—455.8M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges$38.0M$26.0M$17.0M$26.0M$26.0M—
Interest expense$65.0M$116.0M$116.0M$115.0M$98.0M$117.0M
Other income (expense), net$26.5M$23.8M$23.8M$23.8M$23.8M—

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$1.8B$1.4B$1.2B$859.0M$1.3B$1.0B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$371.0M$346.0M$283.0M$170.0M$263.0M$252.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.1B$1.0B$935.0M$689.0M$1.0B$781.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$1.8B$1.5B$1.3B$948.0M$1.4B$1.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock options excluded as their inclusion would be anti-dilutive (in shares)—2.4M5M2.3M——
Other income, net (Note 6)$38.0M$26.0M$17.0M$26.0M$26.0M—
Revenue From Contract With Customer Excluding Assessed Tax$32.2B$23.8B$25.2B$25.3B$30.5B—

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$23.3B$17.1B$17.9B$18.1B$22.3B$18.1B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$32.2B$23.8B$25.2B$25.3B$30.5B$25.4B