Target (TGT) Operating Expenses (2009 - 2026)

Target has reported Operating Expenses for 18 years, with the latest figure at $5.6 billion in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 21.15% year-over-year to $5.6 billion; the trailing twelve-month figure through May 2026 stood at $22.5 billion (up 5.09% YoY), and the FY2026 full-year result was $24.6 billion, down 1.34% from the prior year.
• Operating Expenses for Q2 2026 stood at $5.6 billion, down from $6.0 billion in the prior quarter.
• The five-year high for Operating Expenses was $6.0 billion in Q1 2026, with the low 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.
• Annual changes were most pronounced in 2025 — Operating Expenses fell 10.79% — and 2026, when it increased 21.15%.
• Target's Operating Expenses 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.