Growth Metrics

Target (TGT) Operating Expenses (2016 - 2026)

Target filings provide 18 years of Operating Expenses readings, the most recent being $6.0 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 0.82% to $6.0 billion in Q1 2026 year-over-year; TTM through Jan 2026 was $21.5 billion, a 1.98% decrease, with the full-year FY2026 number at $24.6 billion, down 1.34% from a year prior.
  • Operating Expenses hit $6.0 billion in Q1 2026 for Target, up from $5.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $6.0 billion in Q1 2026 to a low of $4.6 billion in Q2 2025.
  • Median Operating Expenses over the past 5 years was $5.4 billion (2025), compared with a mean of $5.4 billion.
  • Biggest five-year swings in Operating Expenses: increased 7.41% in 2022 and later decreased 10.79% in 2025.
  • Target's Operating Expenses stood at $5.2 billion in 2022, then grew by 1.86% to $5.3 billion in 2023, then increased by 2.69% to $5.5 billion in 2024, then rose by 1.41% to $5.5 billion in 2025, then rose by 9.27% to $6.0 billion in 2026.
  • The last three reported values for Operating Expenses were $6.0 billion (Q1 2026), $5.5 billion (Q4 2025), and $5.4 billion (Q3 2025) per Business Quant data.