Target Corporation (TGT): financials, SEC filings and peers
Target Corporation (TGT) is a consumer staples merchandise retail company in the Consumer Staples sector of the S&P 500, headquartered in Minneapolis, Minnesota.
It was founded in 1902 and joined the S&P 500 on December 31, 1976.
Its fiscal year ends in February, and its shares trade on the NYSE.
In its SEC filings it is classified as “Retail-Variety Stores”.
Target Corporation at a glance
- Revenue (12 months)
- $107.7B
- Revenue growth
- +2.0%
- Operating margin
- 5.6%
- Net income (12 months)
- $4.4B
- Free cash flow (12 months)
- $4.5B
- Cash
- $5.4B
- Debt
- $15.4B
- Diluted EPS (12 months)
- $9.62
Twelve months to August 1, 2026, from the 10-Q filed August 28, 2026.
Latest twelve months
Over the twelve months to August 1, 2026, Target Corporation reported revenue of $107.7 billion, about the same as a year earlier (+2.0%).
Its operating margin was 5.6%: for every $100 of sales, about $6 was left as operating profit.
Net income was $4.4 billion (4.1% of revenue), 11.8% higher than a year earlier.
Operating cash flow was $8.7 billion and capital spending $4.3 billion, leaving free cash flow of $4.5 billion (4.1% of revenue).
At the end of the period it held $5.4 billion in cash and $15.4 billion in debt, a net debt position of $9.9 billion.
Five-year trend
- Revenue went from $93.6 billion in fiscal 2021 to $104.8 billion in fiscal 2026, about 2.3% a year.
- Operating margin narrowed from 7.0% to 4.9% over the same years.
- Free cash flow was negative in 1 of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $106.0B | $109.1B | $107.4B | $106.6B | $104.8B |
| Revenue growth | 13.3% | 2.9% | -1.6% | -0.8% | -1.7% |
| Operating margin | 8.4% | 3.5% | 5.3% | 5.2% | 4.9% |
| Net income | $6.9B | $2.8B | $4.1B | $4.1B | $3.7B |
| Free cash flow | $5.1B | −$1.5B | $3.8B | $4.5B | $2.8B |
| Diluted EPS | $14.10 | $5.98 | $8.94 | $8.86 | $8.13 |
Fiscal years as reported in Target Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed August 28, 2026 — quarterly report
- 8-K filed August 19, 2026 — Earnings results
- 8-K filed August 14, 2026 — Material agreement; Agreement terminated
- 8-K filed July 22, 2026 — Executive or director change
- 8-K filed June 12, 2026 — Executive or director change; Shareholder vote results
- 10-Q filed May 29, 2026 — quarterly report
- 8-K filed May 20, 2026 — Earnings results
- 10-K filed March 11, 2026 — annual report
Companies like Target Corporation
Other S&P 500 companies in Consumer Staples Merchandise Retail:
- COSTCostcoIssaquah, Washington
- DGDollar GeneralGoodlettsville, Tennessee
- DLTRDollar TreeChesapeake, Virginia
- WMTWalmartBentonville, Arkansas
More from Consumer Staples
Questions about Target Corporation
Is Target Corporation's revenue growing?
Yes. Revenue for the twelve months to August 1, 2026 was $107.7 billion, up 2.0% from a year earlier, according to its SEC filings.
Is Target Corporation profitable?
Yes. It earned $4.4 billion in net income over the twelve months to August 1, 2026, a net margin of 4.1%.
Does Target Corporation have more cash or more debt?
At August 1, 2026 it had $5.4 billion in cash and $15.4 billion in debt, so more debt than cash.
When did Target Corporation last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 28, 2026.
Which companies are similar to Target Corporation?
In the S&P 500, Target Corporation is grouped in Consumer Staples Merchandise Retail within the Consumer Staples sector. Costco (COST), Dollar General (DG), Dollar Tree (DLTR), Walmart (WMT) are in the same group.
Understand the numbers
Source: Target Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.