Growth Metrics

Target (TGT) Operating Expenses (2016 - 2026)

Target's Operating Expenses history spans 18 years, with the latest figure at $6.0 billion for Q1 2026.

  • For Q1 2026, Operating Expenses rose 0.82% year-over-year to $6.0 billion; the TTM value through Jan 2026 reached $21.5 billion, down 1.98%, while the annual FY2026 figure was $24.6 billion, 1.34% down from the prior year.
  • Operating Expenses reached $6.0 billion in Q1 2026 per TGT's latest filing, 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.
  • Average Operating Expenses over 5 years is $5.4 billion, with a median of $5.4 billion recorded in 2025.
  • Peak YoY movement for Operating Expenses: grew 7.41% in 2022, then dropped 10.79% in 2025.
  • A 5-year view of Operating Expenses shows it 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.
  • Per Business Quant, the three most recent readings for TGT's Operating Expenses are $6.0 billion (Q1 2026), $5.5 billion (Q4 2025), and $5.4 billion (Q3 2025).