Growth Metrics

Target (TGT) Operating Expenses (2016 - 2026)

Target (TGT) has disclosed Operating Expenses for 18 consecutive years, with $6.0 billion as the latest value for Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 1.29% year-over-year to $6.0 billion, compared with a TTM value of $21.5 billion through Jan 2026, down 1.98%, and an annual FY2026 reading of $24.6 billion, down 1.34% over the prior year.
  • Operating Expenses was $6.0 billion for Q1 2026 at Target, up from $5.5 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.
  • Average Operating Expenses over 5 years is $5.4 billion, with a median of $5.4 billion recorded in 2025.
  • The sharpest move saw Operating Expenses grew 7.41% in 2022, then dropped 10.79% in 2025.
  • Year by year, 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.
  • Business Quant data shows Operating Expenses for TGT at $6.0 billion in Q1 2026, $5.5 billion in Q4 2025, and $5.4 billion in Q3 2025.