Non-Current Assets
PP&E (Net)
Target PP&E (Net) increased by 1.3% to $34.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.0%, from $33.18B to $34.18B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 4.7% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026May 29, 2026
How to read this metric
Growth indicates ongoing investment in store expansion or infrastructure, while a decline may signal asset divestment or high depreciation rates.
Detailed definition
This represents the book value of tangible, long-lived assets used in the production or delivery of goods and services,...
Peer comparison
Highly comparable among brick-and-mortar retailers, though variations exist based on ownership versus leasing models.
Metric ID:
property_plant_equipment_netHistorical Data
19 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $26.8B | $27.24B | $27.92B | $28.18B | $28.67B | $29.82B | $30.92B | $31.51B | $32.4B | $32.95B | $33.17B | $33.1B | $33.11B | $33.08B | $32.93B | $33.02B | $33.18B | $33.75B | $34.18B |
| QoQ Change | — | +1.6% | +2.5% | +1.0% | +1.7% | +4.0% | +3.7% | +1.9% | +2.8% | +1.7% | +0.7% | -0.2% | +0.1% | -0.1% | -0.4% | +0.3% | +0.5% | +1.7% | +1.3% |
| YoY Change | — | — | — | — | +7.0% | +9.5% | +10.8% | +11.8% | +13.0% | +10.5% | +7.3% | +5.0% | +2.2% | +0.4% | -0.7% | -0.2% | +0.2% | +2.2% | +3.0% |
Range$26.8B – $34.18B
CAGR+5.5%
Avg YoY Growth+5.5%
Median YoY Growth+5.0%
Current Streak4 quarters growth
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is Target's pp&e (net)?
- Target (TGT) reported pp&e (net) of $34.18B in Q1 2026.
- How has Target's pp&e (net) changed year-over-year?
- Target's pp&e (net) increased by 3.0% year-over-year, from $33.18B to $34.18B.
- What is the long-term trend for Target's pp&e (net)?
- Over 5 years (2020 to 2025), Target's pp&e (net) has grown at a 4.7% compound annual growth rate (CAGR), from $26.88B to $33.75B.
- What does pp&e (net) mean?
- The net value of physical assets like buildings and equipment after accounting for wear and tear.