Target Corp (TGT) financial statements: income statement, balance sheet and cash flow
Target Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 31, 2026 · FY), Target Corp reported revenue of $104.8B (-1.7% year on year) and net income of $3.7B (-9.4% year on year).
Income statement
Target Corp income statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Net sales
$104.8B
$106.6B
$107.4B
$109.1B
Cost of sales
$75.5B
$76.5B
$77.7B
$82.2B
Selling, General and Administrative Expense
$21.5B
$22.0B
$21.6B
$20.7B
Depreciation and amortization (exclusive of depreciation included in cost of sales)
$2.6B
$2.5B
$2.4B
$2.4B
Operating income
$5.1B
$5.6B
$5.7B
$3.8B
Net interest expense
$445.0M
$411.0M
$502.0M
$478.0M
Net other income
($95.0M)
($106.0M)
($92.0M)
($48.0M)
Earnings before income taxes
$4.8B
$5.3B
$5.3B
$3.4B
Provision for income taxes
$1.1B
$1.2B
$1.2B
$638.0M
Net earnings
$3.7B
$4.1B
$4.1B
$2.8B
Basic earnings per share (in usd per share)
$8.16
$8.89
$8.96
$6.02
Diluted earnings per share (in usd per share)
$8.13
$8.86
$8.94
$5.98
Basic (in shares)
454.1M
460.4M
461.5M
462.1M
Diluted (in shares)
455.6M
461.8M
462.8M
464.7M
Antidilutive shares (in shares)
$2100000.00
$500000.00
$2100000.00
$1100000.00
Target Corp income statement, quarters
Line item
Aug 1, 2026 · Q3
May 2, 2026 · Q2
Nov 1, 2025 · Q4
Aug 2, 2025 · Q3
Net sales
$26.5B
$25.4B
$25.3B
$25.2B
Cost of sales
$17.6B
$18.1B
$18.1B
$17.9B
Selling, general, and administrative expenses
$5.7B
$5.6B
$5.5B
$5.4B
Depreciation and amortization (exclusive of depreciation included in cost of sales)
$651.0M
$685.0M
$649.0M
$632.0M
Operating income
$2.6B
$1.1B
$948.0M
$1.3B
Net interest expense
$98.0M
$117.0M
$115.0M
$116.0M
Net other expense / (income)
$3.0M
($15.0M)
($26.0M)
($17.0M)
Earnings before income taxes
$2.5B
$1.0B
$859.0M
$1.2B
Provision for income taxes
$582.0M
$252.0M
$170.0M
$283.0M
Net earnings
$1.9B
$781.0M
$689.0M
$935.0M
Basic earnings per share (in dollars per share)
$4.13
$1.72
$1.52
$2.06
Diluted earnings per share (in dollars per share)
$4.11
$1.71
$1.51
$2.05
Basic (in shares)
454.4M
453.8M
453.7M
454.6M
Diluted (in shares)
456.6M
455.8M
455.1M
455.6M
Antidilutive shares (in shares)
$700000.00
$1000000.00
$2300000.00
$5000000.00
Balance sheet
Target Corp balance sheet, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Cash and cash equivalents
$5.5B
$4.8B
$3.8B
$2.2B
Inventory
$12.3B
$12.7B
$11.9B
$13.5B
Other current assets
$2.2B
$2.0B
$1.8B
$2.1B
Total current assets
$20.0B
$19.5B
$17.5B
$17.8B
Property and equipment, net
$33.7B
$33.0B
$33.1B
$31.5B
Operating Lease Assets
$3.7B
$3.8B
$3.4B
$2.7B
Other noncurrent assets
$2.0B
$1.5B
$1.4B
$1.3B
Total assets
$59.5B
$57.8B
$55.4B
$53.3B
Accounts payable
$12.6B
$13.1B
$12.1B
$13.5B
Accrued and other current liabilities
$6.5B
$6.1B
$6.1B
$5.9B
Current portion of long-term debt and other borrowings
$2.1B
$1.6B
$1.1B
$130.0M
Total current liabilities
$21.2B
$20.8B
$19.3B
$19.5B
Long-term debt and other borrowings
$14.3B
$14.3B
$14.9B
$16.0B
Noncurrent operating lease liabilities
$3.5B
$3.6B
$3.3B
$2.6B
Deferred income taxes
$2.3B
$2.3B
$2.5B
$2.2B
Other noncurrent liabilities
$2.0B
$2.1B
$1.9B
$1.8B
Total noncurrent liabilities
$22.1B
$22.3B
$22.6B
$22.6B
Common stock
$38.0M
$38.0M
$38.0M
$38.0M
Additional paid-in capital
$7.2B
$7.0B
$6.8B
$6.6B
Retained earnings
$9.3B
$8.1B
$7.1B
$5.0B
Accumulated other comprehensive loss
($417.0M)
($458.0M)
($460.0M)
($419.0M)
Total shareholders' investment
$16.2B
$14.7B
$13.4B
$11.2B
Total liabilities and shareholders' investment
$59.5B
$57.8B
$55.4B
$53.3B
Target Corp balance sheet, quarters
Line item
Aug 1, 2026
May 2, 2026
Nov 1, 2025
Aug 2, 2025
Cash and cash equivalents
$5.4B
$3.5B
$3.8B
$4.3B
Inventory
$13.2B
$12.3B
$14.9B
$12.9B
Other current assets
$2.3B
$2.2B
$2.0B
$1.8B
Total current assets
$20.9B
$18.1B
$20.7B
$19.0B
Property and equipment, net
$34.8B
$34.2B
$33.7B
$33.6B
Operating lease assets
$3.6B
$3.7B
$3.7B
$3.7B
Other noncurrent assets
$2.0B
$2.1B
$1.8B
$1.6B
Total assets
$61.2B
$58.0B
$60.0B
$57.9B
Accounts payable
$13.3B
$12.2B
$13.8B
$12.0B
Accrued and other current liabilities
$6.7B
$6.1B
$6.3B
$6.1B
Current portion of long-term debt and other borrowings
$1.1B
$1.1B
$1.1B
$1.1B
Total current liabilities
$21.2B
$19.4B
$21.2B
$19.2B
Long-term debt and other borrowings
$14.2B
$14.3B
$15.4B
$15.3B
Noncurrent operating lease liabilities
$3.3B
$3.4B
$3.5B
$3.5B
Deferred income taxes
$2.5B
$2.4B
$2.3B
$2.4B
Other noncurrent liabilities
$2.2B
$2.1B
$2.1B
$2.0B
Total noncurrent liabilities
$22.2B
$22.2B
$23.2B
$23.2B
Common stock
$38.0M
$38.0M
$38.0M
$38.0M
Additional paid-in capital
$7.3B
$7.2B
$7.2B
$7.1B
Retained earnings
$10.9B
$9.6B
$8.8B
$8.8B
Accumulated other comprehensive loss
($414.0M)
($415.0M)
($471.0M)
($468.0M)
Total shareholders’ investment
$17.8B
$16.4B
$15.5B
$15.4B
Total liabilities and shareholders’ investment
$61.2B
$58.0B
$60.0B
$57.9B
Cash flow statement
Target Corp cash flow statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Net earnings
$3.7B
$4.1B
$4.1B
$2.8B
Depreciation and amortization
$3.1B
$3.0B
$2.8B
$2.7B
Share-based compensation expense
$281.0M
$304.0M
$251.0M
$220.0M
Deferred income taxes
($55.0M)
($180.0M)
$298.0M
$582.0M
Noncash (gains) / losses and other, net
($100.0M)
$26.0M
$94.0M
$172.0M
Inventory
$436.0M
($854.0M)
$1.6B
$403.0M
Other assets
($494.0M)
($308.0M)
($85.0M)
$22.0M
Accounts payable
($501.0M)
$1.0B
($1.2B)
($2.2B)
Accrued and other liabilities
$156.0M
$299.0M
$727.0M
($624.0M)
Cash provided by operating activities
$6.6B
$7.4B
$8.6B
$4.0B
Expenditures for property and equipment
($3.7B)
($2.9B)
($4.8B)
($5.5B)
Other
$78.0M
$28.0M
$22.0M
$16.0M
Cash used in investing activities
($3.6B)
($2.9B)
($4.8B)
($5.5B)
Additions to long-term debt
$2.0B
$741.0M
$0
$2.6B
Reductions of long-term debt
($1.6B)
($1.1B)
($147.0M)
($163.0M)
Dividends paid
($2.1B)
($2.0B)
($2.0B)
($1.8B)
Repurchase of stock
($408.0M)
($1.0B)
$0
($2.8B)
Shares withheld for taxes on share-based compensation
-67.0M
-99.0M
-127.0M
—
Cash used in financing activities
($2.2B)
($3.5B)
($2.3B)
($2.2B)
Net increase in cash and cash equivalents
$726.0M
$957.0M
$1.6B
($3.7B)
Cash and cash equivalents at beginning of period
$4.8B
$3.8B
$2.2B
$5.9B
Cash and cash equivalents at end of period
$5.5B
$4.8B
$3.8B
$2.2B
Interest paid, net of capitalized interest
$629.0M
$615.0M
$605.0M
$449.0M
Leased assets obtained in exchange for new finance lease liabilities
$104.0M
$319.0M
$104.0M
$224.0M
Leased assets obtained in exchange for new operating lease liabilities
$381.0M
$758.0M
$1.0B
$329.0M
Target Corp cash flow statement, quarters
Line item
Aug 1, 2026 · YTD
May 2, 2026 · Q2
Nov 1, 2025 · YTD
Aug 2, 2025 · YTD
Net earnings
$2.7B
$781.0M
$2.7B
$2.0B
Depreciation and amortization
$1.6B
$813.0M
$2.3B
$1.6B
Share-based compensation expense
$154.0M
$54.0M
$197.0M
$133.0M
Deferred income taxes
$238.0M
$173.0M
($21.0M)
$112.0M
Noncash (gains) / losses and other, net
($4.0M)
($42.0M)
$8.0M
$1.0M
Inventory
($945.0M)
($13.0M)
($2.2B)
($141.0M)
Other assets
$22.0M
($85.0M)
($294.0M)
$151.0M
Accounts payable
$612.0M
($557.0M)
$658.0M
($1.1B)
Accrued and other liabilities
$187.0M
($408.0M)
$102.0M
($302.0M)
Cash provided by operating activities
$4.5B
$716.0M
$3.5B
$2.4B
Expenditures for property and equipment
($2.4B)
($1.0B)
($2.8B)
($1.9B)
Other
$7.0M
$2.0M
$52.0M
$11.0M
Cash used in investing activities
($2.4B)
($1.0B)
($2.8B)
($1.9B)
Additions to long-term debt
$0
$0
$2.0B
$2.0B
Reductions of long-term debt
($1.1B)
($1.0B)
($1.6B)
($1.6B)
Dividends paid
($1.0B)
($516.0M)
($1.5B)
($1.0B)
Repurchase of stock
($3.0M)
$0
($408.0M)
($258.0M)
Shares withheld for taxes on share-based compensation
-92.0M
-89.0M
-65.0M
-62.0M
Cash used in financing activities
($2.2B)
($1.6B)
($1.6B)
($926.0M)
Net decrease in cash and cash equivalents
($77.0M)
($2.0B)
($940.0M)
($421.0M)
Cash and cash equivalents at beginning of period
$5.5B
$5.5B
$4.8B
$4.8B
Cash and cash equivalents at end of period
$5.4B
$3.5B
$3.8B
$4.3B
Leased assets obtained in exchange for new finance lease liabilities
$18.0M
$0
$100.0M
$41.0M
Leased assets obtained in exchange for new operating lease liabilities