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Target TGT Business Segments — Net earnings

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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+43.9%
Enterprise value$83.29B+31.4%
P/E19.7×+8.4×
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:NetIncomeLoss.

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
Consolidated Statements of Operations / (millions, except per share data) (unaudited)Three Months Ended / May 2, 2026Three Months Ended / May 3, 2025
Net other income(15)(26)
Earnings before income taxes1,0331,382
Provision for income taxes252346
Net earnings$781$1,036
Basic earnings per share$1.72$2.28
Diluted earnings per share$1.71$2.27
Weighted average common shares outstanding
Basic453.8455.0

Item 1. Financial Statements (unaudited)

FAQ

What is Target's business segments — net earnings?
Target (TGT) reported business segments — net earnings of $781M in Q1 2026.
How has Target's business segments — net earnings changed year-over-year?
Target's business segments — net earnings decreased by 24.6% year-over-year, from $1.04B to $781M.
What is the long-term trend for Target's business segments — net earnings?
Over 3 years (2022 to 2025), Target's business segments — net earnings has grown at a 10.0% compound annual growth rate (CAGR), from $2.78B to $3.71B.
What does business segments — net earnings mean?
This metric represents the final bottom-line profit of a business segment after all operating expenses, interest, taxes, and non-controlling interests have been deducted. It is the ultimate measure of the segment's financial contribution to the company's total net income.

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