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

Target's Cost of Revenue history runs 18 years deep, the most recent figure standing at $18.1 billion for 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 was $18.1 billion for Q2 2026 at Target, down from $22.3 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.
• 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 rose 16.56% — and 2023, when it slipped 11.64%.
• Target's 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 0.42% to $18.1 billion in 2026.
• Business Quant data shows TGT's Cost of Revenue at $18.1 billion in Q2 2026, $22.3 billion in Q1 2026, and $18.1 billion in Q4 2025.