What is Target's SG&A?

Target (TGT) reported SG&A of $5.56B in Q1 2026.

How has Target's SG&A changed year-over-year?

Target's SG&A increased by 21.2% year-over-year, from $4.59B to $5.56B.

What is the long-term trend for Target's SG&A?

Over 4 years (2021 to 2025), Target's SG&A has grown at a 2.2% compound annual growth rate (CAGR), from $19.75B to $21.54B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Target TGT SG&A

SG&A at other companies

Cabot CorporationCBT

$67M+4.7%

UnifirstUNF

$157.41M+10.9%

BeldenBDC

$138.65M+5.4%

MYR GroupMYRG

$69.42M+11.0%

10x Genomics, Inc.TXG

$66.38M-26.0%

ADTADT

$364.77M-1.0%

Segments

By segment

See full

Reportable Segment$5.56B+21.2%

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

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:SellingGeneralAndAdministrativeExpense.

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 SG&A?: Target (TGT) reported SG&A of $5.56B in Q1 2026.
How has Target's SG&A changed year-over-year?: Target's SG&A increased by 21.2% year-over-year, from $4.59B to $5.56B.
What is the long-term trend for Target's SG&A?: Over 4 years (2021 to 2025), Target's SG&A has grown at a 2.2% compound annual growth rate (CAGR), from $19.75B to $21.54B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.