Growth Metrics

Target (TGT) Operating Income (2016 - 2026)

Target filings provide 18 years of Operating Income readings, the most recent being $1.4 billion for Q1 2026.

  • On a quarterly basis, Operating Income fell 5.93% to $1.4 billion in Q1 2026 year-over-year; TTM through Jan 2026 was $5.1 billion, a 8.07% decrease, with the full-year FY2026 number at $5.1 billion, down 8.07% from a year prior.
  • Operating Income hit $1.4 billion in Q1 2026 for Target, up from $948.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $2.1 billion in Q1 2022 to a low of $321.0 million in Q3 2022.
  • Median Operating Income over the past 5 years was $1.3 billion (2023), compared with a mean of $1.3 billion.
  • Biggest five-year swings in Operating Income: plummeted 86.99% in 2022 and later surged 272.9% in 2023.
  • Target's Operating Income stood at $1.0 billion in 2022, then rose by 28.86% to $1.3 billion in 2023, then fell by 11.31% to $1.2 billion in 2024, then decreased by 18.84% to $948.0 million in 2025, then surged by 45.57% to $1.4 billion in 2026.
  • The last three reported values for Operating Income were $1.4 billion (Q1 2026), $948.0 million (Q4 2025), and $1.3 billion (Q3 2025) per Business Quant data.