Target TGT
NYSE TGT
$155.76 -1.76 (-1.12%)
As of: Sep 10, 2026 · 3:59 PM EDT

Target (TGT) Operating Expenses (2009 - 2026)

Target's (TGT) quarterly Operating Expenses came in at $5.7 billion in Q3 2026, up 6.83% on a YoY basis from $5.4 billion in Q3 2025, and up 2.93% quarter-over-quarter from $5.6 billion in Q2 2026.

Analysis

Target (TGT) Operating Expenses (2009 - 2026) Analysis & Trends

Target (TGT) has reported Operating Expenses for 18 consecutive years, with $5.7 billion the latest figure, recorded in Q3 2026.

  • For the quarter ending Q3 2026, Operating Expenses rose 6.83% year-over-year to $5.7 billion; the trailing twelve-month figure through Aug 2026 stood at $22.9 billion (up 6.83% YoY), and the FY2026 full-year result was $24.6 billion, down 1.34% from the prior year.
  • Operating Expenses climbed to $5.7 billion in Q3 2026 per TGT's latest filing, from $5.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $6.0 billion in Q1 2026 and bottomed at $4.6 billion in Q2 2025.
  • Historically, Operating Expenses has averaged $5.4 billion across 5 years, with a median of $5.4 billion in 2024.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses retreated 10.79% in 2025, then rose 21.15% in 2026.
  • Over 5 years, Operating Expenses stood at $5.2 billion in 2022, then gained by 1.86% to $5.3 billion in 2023, then advanced by 2.69% to $5.5 billion in 2024, then climbed by 1.41% to $5.5 billion in 2025, then gained by 3.41% to $5.7 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $5.7 billion, $5.6 billion, and $6.0 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Target 70.81 Bn 65.40 Bn 8.94 Bn 5.73 Bn
2 Five Below 13.31 Bn 12.12 Bn 612.42 Mn 285.87 Mn
3 Ollie's Bargain Outlet Holdings 4.32 Bn 4.14 Bn 322.17 Mn 241.89 Mn
4 MINISO Group Holding 2.77 Bn 1.69 Bn 387.56 Mn -274.30 Mn
5 Savers Value Village 1.48 Bn 1.39 Bn 254.92 Mn 405.97 Mn
Historic Data

Historic Data

Download Data
DateValue
Aug 1, 2026 5.73 Bn
May 2, 2026 5.56 Bn
Jan 31, 2026 6.05 Bn
Nov 1, 2025 5.54 Bn
Aug 2, 2025 5.36 Bn
May 3, 2025 4.59 Bn
Feb 1, 2025 6.00 Bn
Nov 2, 2024 5.46 Bn
Aug 3, 2024 5.37 Bn
May 4, 2024 5.15 Bn
Feb 3, 2024 5.94 Bn
Oct 28, 2023 5.32 Bn
Jul 29, 2023 5.18 Bn
Apr 29, 2023 5.03 Bn
Jan 28, 2023 5.60 Bn
Oct 29, 2022 5.22 Bn
Jul 30, 2022 5.00 Bn
Apr 30, 2022 4.76 Bn
Jan 29, 2022 5.54 Bn
Oct 30, 2021 4.86 Bn