Target Corporation Income Statement

TGT / Consumer Staples|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Target Corporation reported $104.8B in revenue and $4.1B in net income for FY2025. Revenue has grown at a 2.9% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

High earnings quality (cash-backed earnings)
Strong return on equity: 24.3%

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$104.8B	$106.6B	$107.4B	$93.6B	$78.1B	$93.6B	$78.1B	$75.4B	$72.7B	$70.3B	$73.8B	$72.6B	$71.3B	$73.3B	$69.9B
Cost of Revenue	$75.5B	$76.5B	$77.8B	$66.2B	$54.9B	$66.2B	$54.9B	$53.3B	$51.1B	$49.1B	$52.2B	$51.3B	$50.0B	$50.6B	$47.9B
Gross Profit	-	-	-	-	-	-	-	-	$20.8B	$20.4B	$21.5B	$21.3B	$21.2B	-	-
SG&A Expense	$21.5B	$22.0B	$21.5B	$18.6B	$16.2B	$18.6B	$16.2B	$15.7B	$15.1B	$14.2B	$14.7B	$14.7B	$14.5B	$14.6B	$14.1B
Operating Income	$5.1B	$5.6B	$5.7B	$6.5B	$4.7B	$6.5B	$4.7B	$4.1B	$4.2B	$4.9B	-	-	-	$5.2B	$5.3B
Interest Expense	-	-	$502.0M	$977.0M	$477.0M	$977.0M	$477.0M	$461.0M	$653.0M	$991.0M	$607.0M	$882.0M	$1.0B	$684.0M	$866.0M
Income Tax	$1.1B	$1.2B	$1.2B	$1.2B	$921.0M	$1.2B	$921.0M	$746.0M	$722.0M	$1.3B	$1.6B	$1.2B	$1.4B	$1.7B	$1.5B
Net Income	$4.1B	$4.1B	$2.8B	$4.4B	-	$4.4B	-	-	-	-	-	-	-	-	$2.9B
EPS (Basic)	$8.96	$6.02	$14.23	$8.72	$6.42	$5.55	$5.32	$4.73	$5.35	-$2.58	$3.10	$4.57	$4.31	$4.03	$3.31
EPS (Diluted)	$8.94	$5.98	$14.10	$8.64	$6.36	$5.51	$5.29	$4.69	$5.31	-$2.56	$3.07	$4.52	$4.28	$4.00	$3.30
Shares Outstanding	455.6M	461.7M	460.3M	471.3M	500.9M	504.2M	517.8M	541.7M	556.2M	602.2M	640.2M	632.9M	645.3M	669.3M	704.0M
Gross Margin	-	-	-	-	-	-	-	-	28.5%	29.0%	29.2%	29.4%	29.8%	-	-
Operating Margin	4.9%	5.2%	5.3%	7.0%	6.0%	7.0%	6.0%	5.5%	5.8%	6.9%	-	-	-	7.1%	7.5%
Profit Margin	3.9%	3.9%	2.6%	4.7%	-	4.7%	-	-	-	-	-	-	-	-	4.2%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Target Corporation Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$104.8B

$106.6B

$107.4B

$93.6B

$78.1B

$93.6B

$78.1B

$75.4B

$72.7B

$70.3B

$73.8B

$72.6B

$71.3B

$73.3B

$69.9B

Cost of Revenue

$75.5B

$76.5B

$77.8B

$66.2B

$54.9B

$66.2B

$54.9B

$53.3B

$51.1B

$49.1B

$52.2B

$51.3B

$50.0B

$50.6B

$47.9B

Gross Profit

$20.8B

$20.4B

$21.5B

$21.3B

$21.2B

SG&A Expense

$21.5B

$22.0B

$21.5B

$18.6B

$16.2B

$18.6B

$16.2B

$15.7B

$15.1B

$14.2B

$14.7B

$14.5B

$14.6B

$14.1B

Operating Income

$5.1B

$5.6B

$5.7B

$6.5B

$4.7B

$6.5B

$4.7B

$4.1B

$4.2B

$4.9B

$5.2B

$5.3B

Interest Expense

$502.0M

$977.0M

$477.0M

$977.0M

$477.0M

$461.0M

$653.0M

$991.0M

$607.0M

$882.0M

$1.0B

$684.0M

$866.0M

Income Tax

$1.1B

$1.2B

$921.0M

$1.2B

$921.0M

$746.0M

$722.0M

$1.3B

$1.6B

$1.2B

$1.4B

$1.7B

$1.5B

Net Income

$4.1B

$2.8B

$4.4B

$2.9B

EPS (Basic)

$8.96

$6.02

$14.23

$8.72

$6.42

$5.55

$5.32

$4.73

$5.35

-$2.58

$3.10

$4.57

$4.31

$4.03

$3.31

EPS (Diluted)

$8.94

$5.98

$14.10

$8.64

$6.36

$5.51

$5.29

$4.69

$5.31

-$2.56

$3.07

$4.52

$4.28

$4.00

$3.30

Shares Outstanding

455.6M

461.7M

460.3M

471.3M

500.9M

504.2M

517.8M

541.7M

556.2M

602.2M

640.2M

632.9M

645.3M

669.3M

704.0M

Gross Margin

28.5%

29.0%

29.2%

29.4%

29.8%

Operating Margin

4.9%

5.2%

5.3%

7.0%

6.0%

7.0%

6.0%

5.5%

5.8%

6.9%

7.1%

7.5%

Profit Margin

3.9%

2.6%

4.7%

4.2%