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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |