Target (TGT) Operating Income (2009 - 2026)
Target's (TGT) quarterly Operating Income came in at $1.1 billion in Q2 2026, down 22.89% YoY from $1.5 billion in Q2 2025, and down 17.75% on a QoQ basis from $1.4 billion in Q1 2026.
Target (TGT) Operating Income (2009 - 2026) Analysis & Trends
Target (TGT) has 18 years of Operating Income data on file, last reported at $1.1 billion in Q2 2026.
- Quarterly Operating Income fell 22.89% year-over-year to $1.1 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $4.8 billion (down 16.75% YoY) and the FY2026 annual result came in at $5.1 billion, down 8.07% from the prior year.
- Operating Income fell to $1.1 billion in Q2 2026, from $1.4 billion 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.
- A 5-year average of $1.3 billion and a median of $1.3 billion in 2023 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2022 — Operating Income slumped 86.99% — and 2023, when it soared 272.9%.
- Tracing TGT's Operating Income over 5 years: stood at $1.0 billion in 2022, then grew by 28.86% to $1.3 billion in 2023, then retreated by 11.31% to $1.2 billion in 2024, then fell by 18.84% to $948.0 million in 2025, then advanced by 19.73% to $1.1 billion in 2026.
- The last three Operating Income figures came in at $1.1 billion (Q2 2026), $1.4 billion (Q1 2026), and $948.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 824.27 Bn | 813.54 Bn | 44.69 Bn | 7.49 Bn |
| 2 | Costco Wholesale | 420.42 Bn | 400.43 Bn | 9.01 Bn | 2.82 Bn |
| 3 | Target | 74.99 Bn | 71.45 Bn | 7.38 Bn | 1.14 Bn |
| 4 | Dollar General | 27.11 Bn | 25.76 Bn | 3.41 Bn | 638.52 Mn |
| 5 | Dollar Tree | 25.75 Bn | 24.74 Bn | 1.83 Bn | 473.30 Mn |
| 6 | BJ's Wholesale Club Holdings | 12.37 Bn | 12.34 Bn | 1.03 Bn | 207.91 Mn |
| 7 | Bbb Foods | 6.05 Bn | 5.36 Bn | 250.62 Mn | 332.65 Mn |
| 8 | Pricesmart | 5.24 Bn | 4.92 Bn | 262.22 Mn | 65.64 Mn |
| 9 | Ollie's Bargain Outlet Holdings | 4.63 Bn | 4.38 Bn | 275.96 Mn | 69.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 1.14 Bn |
| Jan 31, 2026 | 1.38 Bn |
| Nov 1, 2025 | 948.00 Mn |
| Aug 2, 2025 | 1.32 Bn |
| May 3, 2025 | 1.47 Bn |
| Feb 1, 2025 | 1.47 Bn |
| Nov 2, 2024 | 1.17 Bn |
| Aug 3, 2024 | 1.64 Bn |
| May 4, 2024 | 1.30 Bn |
| Feb 3, 2024 | 1.87 Bn |
| Oct 28, 2023 | 1.32 Bn |
| Jul 29, 2023 | 1.20 Bn |
| Apr 29, 2023 | 1.33 Bn |
| Jan 28, 2023 | 1.16 Bn |
| Oct 29, 2022 | 1.02 Bn |
| Jul 30, 2022 | 321.00 Mn |
| Apr 30, 2022 | 1.35 Bn |
| Jan 29, 2022 | 2.10 Bn |
| Oct 30, 2021 | 2.01 Bn |
| Jul 31, 2021 | 2.47 Bn |