Target (TGT) Invested Capital (2009 - 2026)
Target (TGT) recorded Invested Capital of $33.2 billion in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 4.2% from $31.88 billion a year earlier and up 4.4% from the prior quarter.
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Analysis
Target (TGT) Invested Capital (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Target reported Invested Capital of $32.62 billion, up 6.6% from FY2025.
- Annual Invested Capital has increased for four straight fiscal years, with a five-year compound annual growth rate of 3.8% (FY2021 to FY2026).
- Across earlier fiscal years, Invested Capital came in at $30.61 billion in FY2025 (+3.9%), $29.47 billion in FY2024 (+7.7%), $27.37 billion in FY2023 (+3.1%) and $26.55 billion in FY2022 (-2.1%).
- The fiscal Q2 2027 figure is the highest quarterly Invested Capital since fiscal Q4 2013.
- On a year-over-year basis, Invested Capital has increased for 16 consecutive quarters, with growth averaging 5.0% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 10.2% in fiscal Q1 2024, against a decline of 8.7% in fiscal Q1 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $31.81 billion (Q1 2027), $32.62 billion (Q4 2026) and $32 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,712.14 Bn | 2,228.84 Bn | 104.83 Bn | 680.51 Bn |
| 2 | Home Depot | 282.27 Bn | 275.52 Bn | 16.12 Bn | 69.51 Bn |
| 3 | Tjx Companies | 146.16 Bn | 123.70 Bn | 5.07 Bn | 13.52 Bn |
| 4 | Lowes Companies | 101.42 Bn | 94.39 Bn | 8.58 Bn | 30.12 Bn |
| 5 | Ross Stores | 73.06 Bn | 55.98 Bn | 2.12 Bn | 7.76 Bn |
| 6 | Target | 70.86 Bn | 65.45 Bn | 8.94 Bn | 33.20 Bn |
| 7 | Carvana | 70.11 Bn | 61.71 Bn | 1.38 Bn | 10.37 Bn |
| 8 | O Reilly Automotive | 69.29 Bn | 68.38 Bn | 2.52 Bn | 5.18 Bn |
| 9 | Autozone | 45.61 Bn | 44.51 Bn | 2.52 Bn | 6.23 Bn |
| 10 | JD.com | 31.28 Bn | -78.90 Bn | 8.71 Bn | 49.30 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 33.20 Bn |
| May 2, 2026 | 31.81 Bn |
| Jan 31, 2026 | 32.62 Bn |
| Nov 1, 2025 | 32.00 Bn |
| Aug 2, 2025 | 31.88 Bn |
| May 3, 2025 | 30.42 Bn |
| Feb 1, 2025 | 30.61 Bn |
| Nov 2, 2024 | 30.47 Bn |
| Aug 3, 2024 | 29.72 Bn |
| May 4, 2024 | 29.94 Bn |
| Feb 3, 2024 | 29.47 Bn |
| Oct 28, 2023 | 28.51 Bn |
| Jul 29, 2023 | 28.02 Bn |
| Apr 29, 2023 | 27.82 Bn |
| Jan 28, 2023 | 27.37 Bn |
| Oct 29, 2022 | 27.46 Bn |
| Jul 30, 2022 | 25.69 Bn |
| Apr 30, 2022 | 25.24 Bn |
| Jan 29, 2022 | 26.55 Bn |
| Oct 30, 2021 | 26.57 Bn |
API Access
Target Invested Capital 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=invested-capital&ticker=TGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=TGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();