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Target TGT Advertising revenue — Net Sales

Other product segments

Food & beverage
$6.26B+6.1%
Household essentials
$4.57B+4.9%
Apparel & accessories
$3.85B+3.6%
Hardlines (Fun 101)
$3.52B+14.6%
Beauty
$3.4B+9.6%
Home furnishings & décor
$3.24B+0.6%
Other
$173M+26.3%
Credit card profit sharing
$130M-7.8%
Other merchandise sales
$56M+40.0%

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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$67.99B+46.1%
Enterprise value$83.29B+33.0%
P/E19.7×+8.6×
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

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Target’s 10-Q, filed May 29, 2026.

Filed
May 29, 2026, 3:56 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000027419-26-000022
Net Sales / (millions)Three Months Ended / May 2, 2026Three Months Ended / May 3, 2025
Home furnishings & décor (e)3,2393,220
Household essentials (f)4,5704,357
Other merchandise sales5640
Merchandise sales24,89423,405
Advertising revenue246163
Credit card profit sharing130141
Other173137
Net sales$25,443$23,846

Item 1. Financial Statements (unaudited)

FAQ

What is Target's advertising revenue — net sales?
Target (TGT) reported advertising revenue — net sales of $246M in Q1 2026.
How has Target's advertising revenue — net sales changed year-over-year?
Target's advertising revenue — net sales increased by 50.9% year-over-year, from $163M to $246M.
What is the long-term trend for Target's advertising revenue — net sales?
Over 3 years (2022 to 2025), Target's advertising revenue — net sales has grown at a 31.3% compound annual growth rate (CAGR), from $404M to $915M.
What does advertising revenue — net sales mean?
This metric represents the total revenue generated by selling advertising space and promotional opportunities to third-party brands and vendors across the retailer's digital and physical platforms. It reflects the company's ability to monetize its massive customer traffic and first-party data by offering partners targeted marketing reach. This revenue stream is increasingly significant as retailers leverage their ecosystem to create high-margin, non-merchandise income.

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