TARGET CORPORATION (TGT) FY2026 Q1 P&L / Income Statement

TARGET CORPORATION (TGT) FY2026 Q1 P&L / Income Statement

Income statement for 2026-02-01 through 2026-05-02. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

25,443,000,000 US dollars

Cost of sales

18,061,000,000 US dollars

Gross profit (calculated)

7,382,000,000 US dollars

Operating expenses (calculated)

6,247,000,000 US dollars

Operating income

1,135,000,000 US dollars

Other income (expense), net (calculated)

negative 102,000,000 US dollars

Earnings before income taxes

1,033,000,000 US dollars

Provision for income taxes

252,000,000 US dollars

Net earnings

781,000,000 US dollars

Apparel & accessories

3,846,000,000 US dollars

Beauty

3,398,000,000 US dollars

Food & beverage

6,263,000,000 US dollars

Hardlines (Fun 101)

3,522,000,000 US dollars

Home furnishings & décor

3,239,000,000 US dollars

Household essentials

4,570,000,000 US dollars

Other merchandise sales

56,000,000 US dollars

Advertising revenue

246,000,000 US dollars

Credit card profit sharing

130,000,000 US dollars

Other

173,000,000 US dollars

Selling, general, and administrative expenses

5,562,000,000 US dollars

Depreciation and amortization (exclusive of depreciation included in cost of sales)

685,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.