Target (TGT) Operating Expenses (2009 - 2026)

Target's Operating Expenses history runs 18 years deep, the most recent figure standing at $5.6 billion for 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 was $5.6 billion for Q2 2026 at Target, down from $6.0 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.
• 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 slipped 10.79% — and 2026, when it advanced 21.15%.
• Target's 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 rose by 0.47% to $5.6 billion in 2026.
• Business Quant data shows TGT's Operating Expenses at $5.6 billion in Q2 2026, $6.0 billion in Q1 2026, and $5.5 billion in Q4 2025.