Target Corporation (TGT) Financials
Key financial figures for Target Corporation (Q2 2027).
Target's fiscal Q2 net sales rose 5.3% to $26.5 billion as comparable sales grew 3.8%, with operating margin more than doubling to 9.6% aided by a one-time $994 million tariff refund benefit. Net sales of $26.5 billion, up 5.3% year over year, with comparable sales growth of 3.8% driven by a 3.6% rise in traffic Digital comparable sales grew 8.7% (same-day delivery up more than 25%), while store-originated comparable sales rose 2.7% Operating margin rate reached 9.6% versus 5.2% a year ago; gross margin rate was 33.7%, including a 3.7 percentage point benefit from IEEPA tariff refunds GAAP diluted EPS of $4.11 versus $2.05 in the prior-year quarter, boosted by a $994 million pretax tariff refund benefit (about $1.65 per share) Total store count stood at 2,019 as of August 1, 2026 F. On the outlook: Target raised full-year fiscal 2026 guidance to net sales growth of around 5% and full-year GAAP and adjusted EPS of $9.90 to $10.90, up from the prior range of $7.50 to $8.50. Figures are for Q2 FY2027, as Target Corporation reported them.
- Revenue
- $26.5B
- Net Income
- $1.9B
- EPS
- $4.13
- Total Assets
- $61.2B
- Operating Cash Flow
- $3.8B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $26.5B | $1.9B | $4.12 | 9.65% | $2.4B |
| Q1 FY2026 | $25.4B | $781M | $1.71 | 4.46% | -$319M |
| Q4 FY2025 | $30.5B | $1.0B | $2.30 | 4.53% | $2.3B |
| Q3 FY2025 | $25.3B | $689M | $1.51 | 3.75% | $149M |
| Q2 FY2025 | $25.2B | $935M | $2.05 | 5.22% | $1.0B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $104.8B | $3.7B | $8.13 | 4.88% | $2.8B |
| FY2024 | $106.6B | $4.1B | $8.86 | 5.22% | $4.5B |
| FY2023 | $107.4B | $4.1B | $8.94 | 5.31% | $3.8B |
Frequently asked questions
What was Target Corporation's revenue last quarter?
Target Corporation reported revenue of $26.54 billion for Q2 FY2026, up 5.3% from the same period a year earlier.
Is Target Corporation profitable?
Yes. Target Corporation reported net income of $1.88 billion for Q2 FY2026, a net margin of 7.07% on revenue.
How has Target Corporation's margin trended?
Operating margin was 9.65% in Q2 FY2026, compared with 5.22% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Target Corporation generate?
Target Corporation generated free cash flow of $2.43 billion in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Target Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.