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Target TGT Product — 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%
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$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 product — net sales?
Target (TGT) reported product — net sales of $24.89B in Q1 2026.
How has Target's product — net sales changed year-over-year?
Target's product — net sales increased by 6.4% year-over-year, from $23.41B to $24.89B.
What is the long-term trend for Target's product — net sales?
Over 4 years (2021 to 2025), Target's product — net sales has grown at a -0.5% compound annual growth rate (CAGR), from $104.61B to $102.72B.
What does product — net sales mean?
This metric represents the total revenue generated from the sale of tangible merchandise, including apparel, home goods, and household essentials, after accounting for returns, allowances, and discounts. It serves as a primary indicator of consumer demand for the company's core retail inventory and physical product assortment. By isolating product-based revenue, it allows stakeholders to evaluate the performance of the core merchandising strategy versus service-based or ancillary revenue streams.