Target (TGT) Cost of Revenue (2009 - 2026)

Target (TGT) has reported Cost of Revenue for 18 consecutive years, with $17.6 billion the latest figure, recorded in Q3 2026.

• For the quarter ending Q3 2026, Cost of Revenue fell 1.68% year-over-year to $17.6 billion; the trailing twelve-month figure through Aug 2026 stood at $76.1 billion (changed 0.12% YoY), and the FY2026 full-year result was $75.5 billion, down 1.3% from the prior year.
• Cost of Revenue retreated to $17.6 billion in Q3 2026 per TGT's latest filing, from $18.1 billion in the prior quarter.
• Across five years, Cost of Revenue topped out at $24.0 billion in Q1 2023 and bottomed at $17.1 billion in Q2 2025.
• Historically, Cost of Revenue has averaged $19.5 billion across 5 years, with a median of $18.4 billion in 2023.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue grew 16.56% in 2022, then retreated 11.64% in 2023.
• Over 5 years, Cost of Revenue stood at $19.7 billion in 2022, then fell by 7.78% to $18.1 billion in 2023, then increased by 1.39% to $18.4 billion in 2024, then declined by 1.44% to $18.1 billion in 2025, then declined by 2.94% to $17.6 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $17.6 billion, $18.1 billion, and $22.3 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.