What is Target's pre-tax income?

Target (TGT) reported pre-tax income of $1.03B in Q1 2026.

How has Target's pre-tax income changed year-over-year?

Target's pre-tax income decreased by 25.3% year-over-year, from $1.38B to $1.03B.

What is the long-term trend for Target's pre-tax income?

Over 4 years (2021 to 2025), Target's pre-tax income has grown at a -14.5% compound annual growth rate (CAGR), from $8.91B to $4.77B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Target TGT Pre-Tax Income

Pre-Tax Income at other companies

Cabot CorporationCBT

$120M-20.5%

UnifirstUNF

$27.34M-16.2%

Travel + LeisureTNL

$108M+6.9%

HES

Hess MidstreamHESM

$185.9M+0.8%

Dave, Inc.DAVE

$70.16M+107%

MYR GroupMYRG

$64.03M+95.4%

Segments

By segment

See full

Reportable Segment$1.03B-25.3%

Other financials

Income statement

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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

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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 pre-tax income?: Target (TGT) reported pre-tax income of $1.03B in Q1 2026.
How has Target's pre-tax income changed year-over-year?: Target's pre-tax income decreased by 25.3% year-over-year, from $1.38B to $1.03B.
What is the long-term trend for Target's pre-tax income?: Over 4 years (2021 to 2025), Target's pre-tax income has grown at a -14.5% compound annual growth rate (CAGR), from $8.91B to $4.77B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.