Target (TGT) Cost of Revenue (2009 - 2026)
Target's (TGT) quarterly Cost of Revenue came in at $18.1 billion in Q2 2026, up 5.45% YoY from $17.1 billion in Q2 2025, and down 19.16% on a QoQ basis from $22.3 billion in Q1 2026.
Target (TGT) Cost of Revenue (2009 - 2026) Analysis & Trends
Target (TGT) has 18 years of Cost of Revenue data on file, last reported at $18.1 billion in Q2 2026.
- Quarterly Cost of Revenue rose 5.45% year-over-year to $18.1 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $76.4 billion (changed 0.38% YoY) and the FY2026 annual result came in at $75.5 billion, down 1.3% from the prior year.
- Cost of Revenue declined to $18.1 billion in Q2 2026, from $22.3 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $24.0 billion in Q1 2023 to a low of $17.1 billion in Q2 2025.
- A 5-year average of $19.6 billion and a median of $18.4 billion in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue climbed 16.56% — and 2023, when it fell 11.64%.
- Tracing TGT's Cost of Revenue over 5 years: stood at $19.7 billion in 2022, then dropped by 7.78% to $18.1 billion in 2023, then climbed by 1.39% to $18.4 billion in 2024, then slipped by 1.44% to $18.1 billion in 2025, then slipped by 0.42% to $18.1 billion in 2026.
- The last three Cost of Revenue figures came in at $18.1 billion (Q2 2026), $22.3 billion (Q1 2026), and $18.1 billion (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 828.54 Bn | 817.81 Bn | 44.69 Bn | 133.06 Bn |
| 2 | Costco Wholesale | 414.96 Bn | 394.96 Bn | 9.01 Bn | 61.52 Bn |
| 3 | Target | 72.00 Bn | 68.46 Bn | 7.38 Bn | 18.06 Bn |
| 4 | Dollar General | 26.64 Bn | 25.29 Bn | 3.41 Bn | 7.38 Bn |
| 5 | Dollar Tree | 25.25 Bn | 24.24 Bn | 1.83 Bn | 3.14 Bn |
| 6 | BJ's Wholesale Club Holdings | 11.76 Bn | 11.73 Bn | 1.03 Bn | 4.63 Bn |
| 7 | Bbb Foods | 5.91 Bn | 5.23 Bn | 250.62 Mn | 1.25 Bn |
| 8 | Pricesmart | 5.12 Bn | 4.80 Bn | 262.22 Mn | 1.22 Bn |
| 9 | Ollie's Bargain Outlet Holdings | 4.56 Bn | 4.31 Bn | 275.96 Mn | 382.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 18.06 Bn |
| May 2, 2026 | 18.06 Bn |
| Jan 31, 2026 | 22.34 Bn |
| Jan 31, 2026 | 22.34 Bn |
| Nov 1, 2025 | 18.14 Bn |
| Nov 1, 2025 | 18.14 Bn |
| Aug 2, 2025 | 17.90 Bn |
| Aug 2, 2025 | 17.90 Bn |
| May 3, 2025 | 17.13 Bn |
| May 3, 2025 | 17.13 Bn |
| Feb 1, 2025 | 22.80 Bn |
| Feb 1, 2025 | 22.80 Bn |
| Nov 2, 2024 | 18.40 Bn |
| Nov 2, 2024 | 18.40 Bn |
| Aug 3, 2024 | 17.83 Bn |
| Aug 3, 2024 | 17.83 Bn |
| May 4, 2024 | 17.47 Bn |
| May 4, 2024 | 17.47 Bn |
| Feb 3, 2024 | 23.50 Bn |
| Feb 3, 2024 | 23.50 Bn |