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Target TGT Credit card profit sharing — 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%
Advertising revenue
$246M+50.9%
Other
$173M+26.3%
Other merchandise sales
$56M+40.0%

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CCard rewards and partner payments — Commissions and fees revenue
-$3.24B-3.3%
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SYFRetailer Share Arrangements
$1.07B+19.6%
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LPROProfit share — Contract with Customer, Asset, after Allowance for Credit Loss
$20.27M-16.5%

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$63.39B+46.0%
Enterprise value$78.69B+32.1%
P/E18.4×+8.0×
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 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 credit card profit sharing — net sales?
Target (TGT) reported credit card profit sharing — net sales of $130M in Q1 2026.
How has Target's credit card profit sharing — net sales changed year-over-year?
Target's credit card profit sharing — net sales decreased by 7.8% year-over-year, from $141M to $130M.
What is the long-term trend for Target's credit card profit sharing — net sales?
Over 4 years (2021 to 2025), Target's credit card profit sharing — net sales has grown at a -7.4% compound annual growth rate (CAGR), from $710M to $521M.
What does credit card profit sharing — net sales mean?
This metric represents the revenue generated through profit-sharing arrangements with third-party financial institutions that issue co-branded credit cards to the company's customers. It reflects the income earned from the financial services partnership, which is distinct from core retail merchandise sales. This revenue stream is highly dependent on customer credit card usage, portfolio performance, and the terms of the underlying financial services agreement.