Income Before Tax

Pre-Tax Income

Target Pre-Tax Income decreased by 29.5% to $859.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 21.3%, from $1.09B to $859.00M. Over 3 years (FY 2022 to FY 2025), Pre-Tax Income shows a downward trend with a -16.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement
SectionIncome Before Tax
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

This provides a view of profitability that is not skewed by varying tax rates or one-time tax credits.

Detailed definition

A company's profits before the deduction of corporate income tax. It combines operating performance with non-operating f...

Peer comparison

Used to compare companies across different tax jurisdictions to see who generates more raw profit.

Metric ID: is_income_before_tax

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$2.37B$1.91B$2.02B$1.25B$217.00M$909.00M$1.04B$1.20B$1.07B$1.24B$1.79B$1.22B$1.55B$1.09B$1.41B$1.38B$1.22B$859.00M
QoQ Change-19.4%+5.5%-38.1%-82.6%+318.9%+14.7%+15.4%-11.0%+15.2%+44.6%-31.7%+26.7%-29.4%+28.9%-1.7%-11.9%-29.5%
YoY Change-90.8%-52.4%-48.3%-3.6%+394.0%+35.9%+71.2%+1.2%+44.1%-11.7%-21.3%+13.4%-21.2%-21.3%
Range$217.00M$2.37B
CAGR-21.2%
Avg YoY Growth+20.7%
Median YoY Growth-7.6%
Current Streak3 quarters decline

Frequently Asked Questions

What is Target's pre-tax income?
Target (TGT) reported pre-tax income of $859.00M in Q3 2025.
How has Target's pre-tax income changed year-over-year?
Target's pre-tax income decreased by 21.3% year-over-year, from $1.09B to $859.00M.
What is the long-term trend for Target's pre-tax income?
Over 3 years (2022 to 2025), Target's pre-tax income has grown at a -16.1% compound annual growth rate (CAGR), from $8.91B to $5.26B.
What does pre-tax income mean?
The total profit a company made before paying its income taxes.