TARGET CORP

Listed Company

TGTCIK 0000027419NYSELarge AcceleratedRetail-Variety StoresMinnesotaFY ends Feb 1

Period

FY 2026

Revenue

$104.78B

Net Income

$3.71B

Total Assets

$59.49B

Equity

$16.16B

Shares Out

452.86M

Op. Cash Flow

$6.56B

Business

TARGET CORP operates a multi-category general merchandise retailer that offers fashionable, differentiated merchandise and everyday essentials at discounted prices through integrated store and digital channels. It sells a wide assortment of general merchandise and food, including national brands, owned and exclusive brands, periodic designer partnerships, in-store amenities, advertising services (Roundel), a third‑party marketplace (Target Plus), and fulfillment services such as Shipt and same‑day options. Target operates as a single reporting segment while maintaining capabilities across merchandising, loyalty (Target Circle), advertising, marketplace, and fulfillment. Nearly all sales occur in the U.S., with distribution via stores-as-fulfillment-hubs, distribution centers, carrier shipments, and direct-to-consumer digital channels.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	104,780	106,566	107,412	109,120	106,005
Cost of sales	75,511	76,502	77,828	82,306	74,963
Selling, General and Administrative Expense	21,535	21,969	21,462	20,581	19,752
Depreciation and amortization (exclusive of depreciation included in cost of sales)	2,617	2,529	2,415	2,385	2,344
Operating income	5,117	5,566	5,707	3,848	8,946
Net interest expense	445	411	502	478	—
Net other income	−95	−106	−92	−48	−382
Earnings before income taxes	4,800	5,300	5,300	3,400	8,900
Provision for income taxes	1,062	1,170	1,159	638	1,961
Net earnings	3,705	4,091	4,138	2,780	6,946
Basic earnings per share (in usd per share)	8.16	8.89	8.96	6.02	14.23
Diluted earnings per share (in usd per share)	8.13	8.86	8.94	5.98	14.1
Basic (in shares)	454	460	462	462	488
Diluted (in shares)	456	462	463	465	493
Antidilutive shares (in shares)	2	500,000	2	1	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	5,488	4,762	3,805	2,229	5,911
Inventory	12,304	12,740	11,886	13,499	13,902
Other current assets	2,213	1,952	1,807	2,118	1,760
Total current assets	20,005	19,454	17,498	17,846	21,573
Property and equipment, net	33,749	33,022	33,096	31,512	28,181
Operating Lease Assets	3,703	3,763	3,362	2,657	2,556
Other noncurrent assets	2,033	1,530	1,400	1,320	1,501
Total assets	59,490	57,769	55,356	53,335	53,811
Accounts payable	12,622	13,053	12,098	13,487	15,478
Accrued and other current liabilities	6,478	6,110	6,090	5,883	6,098
Current portion of long-term debt and other borrowings	2,130	1,636	1,116	130	171
Total current liabilities	21,230	20,799	19,304	19,500	21,747
Long-term debt and other borrowings	14,326	14,304	14,922	16,009	13,549
Noncurrent operating lease liabilities	3,462	3,582	3,279	2,638	2,493
Deferred income taxes	2,265	2,303	2,480	2,196	1,566
Other noncurrent liabilities	2,042	2,115	1,939	1,760	1,629
Total noncurrent liabilities	22,095	22,304	22,620	22,603	19,237
Common stock	38	38	38	38	39
Additional paid-in capital	7,247	6,996	6,761	6,608	6,421
Retained earnings	9,297	8,090	7,093	5,005	6,920
Accumulated other comprehensive loss	−417	−458	−460	−419	−553
Total shareholders' investment	16,165	14,666	13,432	11,232	12,827
Total liabilities and shareholders' investment	59,490	57,769	55,356	53,335	53,811

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	3,134	2,981	2,801	2,700	2,642
Share-based compensation expense	281	304	251	220	228
Deferred income taxes	−55	−180	298	582	522
Noncash (gains) / losses and other, net	−100	26	94	172	67
Inventory	436	−854	1,613	403	−3,249
Other assets	−494	−308	−85	—	−78
Accounts payable	−501	1,008	−1,216	−2,237	2,628
Accrued and other liabilities	156	299	727	−624	−746
Cash provided by operating activities	6,562	7,367	8,621	4,018	8,625
Expenditures for property and equipment	−3,727	−2,891	−4,806	−5,528	−3,544
Other	78	31	46	16	7
Cash used in investing activities	−3,649	−2,860	−4,760	−5,504	−3,154
Additions to long-term debt	1,984	741	0	2,625	1,972
Reductions of long-term debt	−1,643	−1,139	−147	−163	−1,147
Dividends paid	−2,053	−2,046	−2,011	−1,836	−1,548
Repurchase of stock	−408	−1,007	0	−2,646	−7,188
Shares withheld for taxes on share-based compensation	−67	−99	−127	−180	−168
Cash used in financing activities	−2,187	−3,550	−2,285	−2,196	−8,071
Net increase in cash and cash equivalents	726	957	1,576	−3,682	−2,600
Interest paid, net of capitalized interest	629	615	605	449	414
Leased assets obtained in exchange for new finance lease liabilities	104	319	104	224	288
Leased assets obtained in exchange for new operating lease liabilities	381	758	1,027	329	580

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro