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Target TGT Business Segments — Cost of Sales

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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:CostOfGoodsAndServicesSold.

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 business segments — cost of sales?
Target (TGT) reported business segments — cost of sales of $18.06B in Q1 2026.
How has Target's business segments — cost of sales changed year-over-year?
Target's business segments — cost of sales increased by 5.4% year-over-year, from $17.13B to $18.06B.
What is the long-term trend for Target's business segments — cost of sales?
Over 3 years (2022 to 2025), Target's business segments — cost of sales has grown at a -2.8% compound annual growth rate (CAGR), from $82.31B to $75.51B.
What does business segments — cost of sales mean?
This metric captures the direct costs attributable to the production or acquisition of the goods sold by a specific business segment. It includes inventory costs, inbound freight, and direct labor, providing insight into the segment's direct cost structure and gross margin efficiency.