Target (TGT) Free Cash Flow (2009 - 2026)

Target's Free Cash Flow history runs 18 years deep, the most recent figure standing at -$319.0 million for Q2 2026.

• Quarterly Free Cash Flow rose 38.06% year-over-year to -$319.0 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $3.0 billion (down 14.23% YoY) and the FY2026 annual result came in at $2.8 billion, down 36.66% from the prior year.
• Free Cash Flow was -$319.0 million for Q2 2026 at Target, down from $2.2 billion in the prior quarter.
• Across five years, Free Cash Flow topped out at $2.4 billion in Q1 2024 and bottomed at -$2.3 billion in Q2 2022.
• A 5-year average of $625.8 million and a median of $617.0 million in 2023 frame the typical range for Free Cash Flow.
• Annual changes were most pronounced in 2022 — Free Cash Flow sank 491.65% — and 2023, when it soared 507.59%.
• Target's Free Cash Flow stood at -$1.2 billion in 2022, then jumped by 167.19% to $807.0 million in 2023, then slumped by 89.59% to $84.0 million in 2024, then jumped by 77.38% to $149.0 million in 2025, then tumbled by 314.09% to -$319.0 million in 2026.
• Business Quant data shows TGT's Free Cash Flow at -$319.0 million in Q2 2026, $2.2 billion in Q1 2026, and $149.0 million in Q4 2025.