Target Corporation (TGT) Financial Statements
Historical financial data — 46 statements covering FY2016–FY2026
Target's start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating ove...
Target Corporation's revenue increased 0.0% year over year, from $104.78B to $104.78B.
Net income increased 0.0% over the same period, from $3.71B to $3.71B.
Over the 10-year period from FY2016 to FY2026, revenue grew by 51% in total.
Total debt increased by 23.3% to $20.29B.
The debt-to-equity ratio stands at 1.26, indicating a elevated leverage profile.
Operating cash flow grew 0.0% to $6.56B.
Target Corporation maintains a moderate net profit margin of 3.5%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2025 | $25.27B+0.2% | $689.0M | $7.13B | $948.0M | $1.13B | $59.99B | $16.50B | $15.50B |
| Q3 FY2026 | $22.34B-11.6% | $2.0M | $4.84B | $1.17B | $-1.03B | $59.99B | $20.47B | $15.50B |
| Q4 FY2025 | $30.45B+36.3% | $1.04B | $8.11B | $1.38B | $3.08B | $59.49B | $16.46B | $16.16B |
| Q4 FY2026 | $30.45B+0.0% | $1.04B | $8.11B | $1.50B | $3.08B | $59.49B | $20.29B | $16.16B |
| Q1 FY2026 | $25.44B-16.5% | $781.0M | $7.38B | $1.14B | $716.0M | $56.19B | $19.46B | $14.95B |
| Q1 FY2027 | $25.44B+0.0% | $781.0M | $7.38B | $1.15B | $716.0M | $58.01B | $19.27B | $16.39B |
| Q2 FY2026 | $26.54B+4.3% | $1.88B | $8.94B | $1.14B | $3.80B | $57.85B | $20.40B | $15.42B |
| Q2 FY2027 | $26.54B+0.0% | $1.88B | $7.94B | $1.60B | $3.80B | $61.23B | $19.20B | $17.84B |
Balance Sheet Summary (Q2 FY2027)
Target Corporation (TGT) Financial Statements & Revenue History
Target Corporation (TGT) is a US-listed stock operating in the Consumer Defensive sector, specifically the Discount Stores industry trading at $154.11 with a market capitalization of $70. This page provides 46 historical financial statements for Target Corporation, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Target Corporation reported revenue of $104.8 billion, representing 0.0% year-over-year growth. The net profit margin of 3.5% suggests thin margins. The debt-to-equity ratio of 1.26 indicates elevated leverage.
TGT Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Target Corporation's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether TGT is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track TGT's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Target Corporation converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of TGT's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use TGT Financial Data
Investors use Target Corporation's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare TGT's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how TGT's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View TGT's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Target Corporation's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.TGT trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.