What is Target's income tax?

Target (TGT) reported income tax of $252M in Q1 2026.

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

Target's income tax decreased by 27.2% year-over-year, from $346M to $252M.

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

Over 4 years (2021 to 2025), Target's income tax has grown at a -14.2% compound annual growth rate (CAGR), from $1.96B to $1.06B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Target TGT Income Tax

Income Tax at other companies

Travel + LeisureTNL

$29M+3.6%

HES

Hess MidstreamHESM

$28.2M+22.6%

Cabot CorporationCBT

$44M-10.2%

UnifirstUNF

$6.86M-16.1%

MYR GroupMYRG

$17.23M+82.1%

Dave, Inc.DAVE

$12.22M+142%

Segments

By segment

See full

Reportable Segment$252M-27.2%

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:IncomeTaxExpenseBenefit.

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

Ask your AI about Target's income tax.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Target's income tax?: Target (TGT) reported income tax of $252M in Q1 2026.
How has Target's income tax changed year-over-year?: Target's income tax decreased by 27.2% year-over-year, from $346M to $252M.
What is the long-term trend for Target's income tax?: Over 4 years (2021 to 2025), Target's income tax has grown at a -14.2% compound annual growth rate (CAGR), from $1.96B to $1.06B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.