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Target TGT Business Segments — Operating Income (Loss)

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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:OperatingIncomeLoss.

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
Business Segment Results / (millions)Three Months Ended / May 2, 2026Three Months Ended / May 3, 2025
Total cost of sales18,06117,128
Selling, general and administrative expenses (a)5,5624,591
Depreciation and amortization (exclusive of depreciation included in cost of sales)685655
Operating income (a)1,1351,472
Net interest expense117116
Net other income(15)(26)
Earnings before income taxes1,0331,382
Provision for income taxes252346

Item 1. Financial Statements (unaudited)

FAQ

What is Target's business segments — operating income (loss)?
Target (TGT) reported business segments — operating income (loss) of $1.14B in Q1 2026.
How has Target's business segments — operating income (loss) changed year-over-year?
Target's business segments — operating income (loss) decreased by 22.9% year-over-year, from $1.47B to $1.14B.
What is the long-term trend for Target's business segments — operating income (loss)?
Over 2 years (2022 to 2024), Target's business segments — operating income (loss) has grown at a 20.3% compound annual growth rate (CAGR), from $3.85B to $5.57B.
What does business segments — operating income (loss) mean?
This metric measures the profitability of a specific business segment by subtracting cost of sales and operating expenses from net sales. It is the primary indicator of the segment's core operational performance and its ability to generate profit from its business activities.

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