NYSE · Retail · Fiscal year endsFY ends January

Target Corp

TGT

$153.21-5.17 (-3.26%)Today

52-week low $83.44high $170.75

10.3% below its 52-week high

Next earningsNov 18, 2026

Revenue by fiscal year, $ billions

+51% over the years shown (FY16–FY25)

Fiscal years · gold is the latest

69.5

FY16

71.9

FY17+3%

75.4

FY18+5%

78.1

FY19+4%

93.6

FY20+20%

106

FY21+13%

109

FY22+3%

107

FY23-2%

107

FY24-1%

105

FY25-2%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income
Revenue	69.5	71.9	75.4	78.1	93.6	106.0	109.1	107.4	106.6	104.8
Revenue growth	-6%	+3%	+5%	+4%	+20%	+13%	+3%	-2%	-1%	-2%
Gross margin	29.3%	28.9%	29.3%	29.8%	29.3%	29.3%	24.6%	27.5%	28.2%	27.9%
Operating income	4.86	4.22	4.11	4.66	6.54	8.95	3.85	5.71	5.57	5.12
Operating margin	7.0%	5.9%	5.5%	6.0%	7.0%	8.4%	3.5%	5.3%	5.2%	4.9%
Net income	2.73^†	2.91^†	2.94	3.28	4.37	6.95	2.78	4.14	4.09	3.71
Net margin	3.9%	4.1%	3.9%	4.2%	4.7%	6.6%	2.5%	3.9%	3.8%	3.5%
Cash flow
Operating cash flow	5.44^†	6.94^†	5.97	7.12	10.53	8.63	4.02	8.62	7.37	6.56
Capital expenditure	1.55	2.53	3.52	3.03	2.65	3.54	5.53	4.81	2.89	3.73
Free cash flow (calculated)	3.90^†	4.40^†	2.46	4.09	7.88	5.08	-1.51	3.82	4.48	2.84
Share repurchases	3.71	1.05	2.12	1.57	0.75	7.19^†	2.65^†	0.00	1.01	0.41
Balance sheet
Cash and equivalents	2.51	—	1.56	2.58	8.51	5.91	2.23	3.81	4.76	5.49
Total assets	37.43	40.30^†	41.29	42.78	51.25	53.81	53.34	55.36	57.77	59.49
Total equity	10.92^†	11.65^†	11.30	11.83	14.44	12.83	11.23	13.43	14.67	16.17

Source: Target Corp's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in January.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.