What is Target's operating lease liabilities?

Target (TGT) reported operating lease liabilities of $3.42B in Q1 2026.

How has Target's operating lease liabilities changed year-over-year?

Target's operating lease liabilities decreased by 4.2% year-over-year, from $3.56B to $3.42B.

What is the long-term trend for Target's operating lease liabilities?

Over 5 years (2020 to 2025), Target's operating lease liabilities has grown at a 9.3% compound annual growth rate (CAGR), from $2.22B to $3.46B.

What does operating lease liabilities mean?

Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

Target TGT Operating Lease Liabilities

Operating Lease Liabilities at other companies

UnifirstUNF

$59.67M+11.2%

Dave, Inc.DAVE

$124K-34.4%

Dianthus TherapeuticsDNTH

$965K-17.5%

Ryan Specialty HoldingsRYAN

$146.2M-6.1%

Federated HermesFHI

$83.19M-11.6%

10x Genomics, Inc.TXG

$70.06M-0.8%

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

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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

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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$64.13B+46.0%

Enterprise value$79.43B+32.1%

P/E18.6×+8.1×

P/S0.6×+0.2×

Profitability

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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:OperatingLeaseLiabilityNoncurrent.

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 operating lease liabilities?: Target (TGT) reported operating lease liabilities of $3.42B in Q1 2026.
How has Target's operating lease liabilities changed year-over-year?: Target's operating lease liabilities decreased by 4.2% year-over-year, from $3.56B to $3.42B.
What is the long-term trend for Target's operating lease liabilities?: Over 5 years (2020 to 2025), Target's operating lease liabilities has grown at a 9.3% compound annual growth rate (CAGR), from $2.22B to $3.46B.
What does operating lease liabilities mean?: Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.