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

Target has reported Cost of Revenue for 18 years, with the latest figure at $18.1 billion in Q2 2026.

• For the quarter ending Q2 2026, Cost of Revenue rose 5.45% year-over-year to $18.1 billion; the trailing twelve-month figure through May 2026 stood at $76.4 billion (changed 0.38% YoY), and the FY2026 full-year result was $75.5 billion, down 1.3% from the prior year.
• Cost of Revenue for Q2 2026 stood at $18.1 billion, down from $22.3 billion in the prior quarter.
• The five-year high for Cost of Revenue was $24.0 billion in Q1 2023, with the low at $17.1 billion in Q2 2025.
• Historically, Cost of Revenue has averaged $19.6 billion across 5 years, with a median of $18.4 billion in 2023.
• Annual changes were most pronounced in 2022 — Cost of Revenue climbed 16.56% — and 2023, when it fell 11.64%.
• Target's Cost of Revenue 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.