Target (TGT) Operating Expenses (2009 - 2026)
Target's (TGT) quarterly Operating Expenses came in at $5.6 billion in Q2 2026, up 21.15% YoY from $4.6 billion in Q2 2025, and down 8.05% on a QoQ basis from $6.0 billion in Q1 2026.
Target (TGT) Operating Expenses (2009 - 2026) Analysis & Trends
Target (TGT) has 18 years of Operating Expenses data on file, last reported at $5.6 billion in Q2 2026.
- Quarterly Operating Expenses rose 21.15% year-over-year to $5.6 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $22.5 billion (up 5.09% YoY) and the FY2026 annual result came in at $21.5 billion, down 1.98% from the prior year.
- Operating Expenses retreated to $5.6 billion in Q2 2026, from $6.0 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.
- A 5-year average of $5.4 billion and a median of $5.4 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2025 — Operating Expenses fell 10.79% — and 2026, when it increased 21.15%.
- Tracing TGT's Operating Expenses over 5 years: stood at $5.2 billion in 2022, then increased by 1.86% to $5.3 billion in 2023, then rose by 2.69% to $5.5 billion in 2024, then gained by 1.41% to $5.5 billion in 2025, then grew by 0.47% to $5.6 billion in 2026.
- The last three Operating Expenses figures came in at $5.6 billion (Q2 2026), $6.0 billion (Q1 2026), and $5.5 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 828.54 Bn | 817.81 Bn | 44.69 Bn | 37.20 Bn |
| 2 | Costco Wholesale | 414.96 Bn | 394.96 Bn | 9.01 Bn | 6.19 Bn |
| 3 | Target | 72.00 Bn | 68.46 Bn | 7.38 Bn | 5.56 Bn |
| 4 | Dollar General | 26.64 Bn | 25.29 Bn | 3.41 Bn | 2.77 Bn |
| 5 | Dollar Tree | 25.25 Bn | 24.24 Bn | 1.83 Bn | 1.38 Bn |
| 6 | BJ's Wholesale Club Holdings | 11.76 Bn | 11.73 Bn | 1.03 Bn | 819.99 Mn |
| 7 | Bbb Foods | 5.91 Bn | 5.23 Bn | 250.62 Mn | -82.03 Mn |
| 8 | Pricesmart | 5.12 Bn | 4.80 Bn | 262.22 Mn | 1.42 Bn |
| 9 | Ollie's Bargain Outlet Holdings | 4.56 Bn | 4.31 Bn | 275.96 Mn | 233.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 31, 2021 | 4.85 Bn |