Target (TGT) Free Cash Flow (2009 - 2026)
Target (TGT) recorded Free Cash Flow of $2.43 billion in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 141.2% from $1.01 billion a year earlier.
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Analysis
Target (TGT) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Target's Free Cash Flow came in at $4.46 billion as of Aug 1, 2026, up 51.4% year-over-year; for FY2026 (ended Jan 31, 2026), it was $2.84 billion, down 36.7% from FY2025.
- Annual Free Cash Flow has a five-year compound annual growth rate of -18.5% (FY2021 to FY2026).
- Across earlier fiscal years, Free Cash Flow came in at $4.48 billion in FY2025 (+17.3%), $3.82 billion in FY2024, -$1.51 billion in FY2023 and $5.08 billion in FY2022 (-35.5%).
- The fiscal Q2 2027 figure is the highest quarterly Free Cash Flow since fiscal Q4 2024.
- On a year-over-year basis, Free Cash Flow rose in two of the last six quarters, with growth averaging 13.7%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 141.2% in fiscal Q2 2027, against a decline of 89.6% in fiscal Q3 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -$319 million (Q1 2027), $2.19 billion (Q4 2026) and $149 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | -8.82 Bn |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 4.51 Bn |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | 1.73 Bn |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | 3.12 Bn |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | 624.50 Mn |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 2.43 Bn |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 698.90 Mn |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 187.00 Mn |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | 456.48 Mn |
| 10 | JD.com | 32.28 Bn | -77.90 Bn | 8.71 Bn | 5.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 2.43 Bn |
| May 2, 2026 | -319.00 Mn |
| Jan 31, 2026 | 2.19 Bn |
| Nov 1, 2025 | 149.00 Mn |
| Aug 2, 2025 | 1.01 Bn |
| May 3, 2025 | -515.00 Mn |
| Feb 1, 2025 | 2.37 Bn |
| Nov 2, 2024 | 84.00 Mn |
| Aug 3, 2024 | 1.60 Bn |
| May 4, 2024 | 427.00 Mn |
| Feb 3, 2024 | 2.44 Bn |
| Oct 28, 2023 | 807.00 Mn |
| Jul 29, 2023 | 913.00 Mn |
| Apr 29, 2023 | -340.00 Mn |
| Jan 28, 2023 | 2.26 Bn |
| Oct 29, 2022 | -1.20 Bn |
| Jul 30, 2022 | -224.00 Mn |
| Apr 30, 2022 | -2.35 Bn |
| Jan 29, 2022 | 1.97 Bn |
| Oct 30, 2021 | 1.03 Bn |
API Access
Target Free Cash Flow 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=free-cash-flow&ticker=TGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=TGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();