Target (TGT) Cost of Revenue (2009 - 2026)
Target (TGT) posted Cost of Revenue of $17.6 billion for fiscal Q2 2027 (quarter ended Aug 1, 2026), down 1.7% from $17.9 billion a year earlier and down 2.5% from the prior quarter.
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Analysis
Target (TGT) Cost of Revenue (2009 - 2026) Analysis & Trends
For the trailing twelve months through Aug 1, 2026, Cost of Revenue at Target was $76.14 billion, down 0.1% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $75.51 billion, down 1.3% from FY2025.
- Annual Cost of Revenue has declined for three consecutive fiscal years, though with a five-year compound annual growth rate of 2.7% (FY2021 to FY2026).
- In prior fiscal years, Target's Cost of Revenue was $76.5 billion in FY2025 (-1.7%), $77.83 billion in FY2024 (-5.4%), $82.31 billion in FY2023 (+9.8%) and $74.96 billion in FY2022 (+13.3%).
- The fiscal Q2 2027 figure stands as the lowest quarterly Cost of Revenue since fiscal Q1 2026.
- On a year-over-year basis, Cost of Revenue increased in three of the last eight quarters, with an average decline of 0.3%.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was fiscal Q3 2022, with growth of 17.4%; the weakest was fiscal Q2 2024, with a decline of 11.6%.
- According to Business Quant data, Cost of Revenue for the three prior fiscal quarters was $18.06 billion (Q1 2027), $22.34 billion (Q4 2026) and $18.14 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,712.14 Bn | 2,228.84 Bn | 104.83 Bn | 95.78 Bn |
| 2 | Home Depot | 282.27 Bn | 275.52 Bn | 16.12 Bn | 31.75 Bn |
| 3 | Tjx Companies | 146.16 Bn | 123.70 Bn | 5.07 Bn | 10.11 Bn |
| 4 | Lowes Companies | 101.42 Bn | 94.39 Bn | 8.58 Bn | 17.38 Bn |
| 5 | Ross Stores | 73.06 Bn | 55.98 Bn | 2.12 Bn | 4.15 Bn |
| 6 | Target | 70.86 Bn | 65.45 Bn | 8.94 Bn | 17.60 Bn |
| 7 | Carvana | 70.11 Bn | 61.71 Bn | 1.38 Bn | 5.99 Bn |
| 8 | O Reilly Automotive | 69.29 Bn | 68.38 Bn | 2.52 Bn | 2.38 Bn |
| 9 | Autozone | 45.61 Bn | 44.51 Bn | 2.52 Bn | 2.32 Bn |
| 10 | JD.com | 31.28 Bn | -78.90 Bn | 8.71 Bn | 42.31 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 17.60 Bn |
| May 2, 2026 | 18.06 Bn |
| Jan 31, 2026 | 22.34 Bn |
| Nov 1, 2025 | 18.14 Bn |
| Aug 2, 2025 | 17.90 Bn |
| May 3, 2025 | 17.13 Bn |
| Feb 1, 2025 | 22.80 Bn |
| Nov 2, 2024 | 18.40 Bn |
| Aug 3, 2024 | 17.83 Bn |
| May 4, 2024 | 17.47 Bn |
| Feb 3, 2024 | 23.50 Bn |
| Oct 28, 2023 | 18.15 Bn |
| Jul 29, 2023 | 17.80 Bn |
| Apr 29, 2023 | 18.39 Bn |
| Jan 28, 2023 | 24.02 Bn |
| Oct 29, 2022 | 19.68 Bn |
| Jul 30, 2022 | 20.14 Bn |
| Apr 30, 2022 | 18.46 Bn |
| Jan 29, 2022 | 22.76 Bn |
| Oct 30, 2021 | 18.21 Bn |
API Access
Target Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "TGT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();