Growth Metrics

Target (TGT) Operating Leases (2017 - 2026)

Target (TGT) has disclosed Operating Leases for 8 consecutive years, with $3.5 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Leases rose 3.63% year-over-year to $3.5 billion, compared with a TTM value of $3.5 billion through Nov 2025, up 3.63%, and an annual FY2025 reading of $3.6 billion, up 9.24% over the prior year.
  • Operating Leases was $3.5 billion for Q4 2025 at Target, up from $3.5 billion in the prior quarter.
  • Across five years, Operating Leases topped out at $5.0 billion in Q1 2023 and bottomed at $2.2 billion in Q1 2021.
  • Average Operating Leases over 5 years is $3.0 billion, with a median of $2.9 billion recorded in 2023.
  • The sharpest move saw Operating Leases plummeted 42.31% in 2021, then skyrocketed 100.8% in 2023.
  • Year by year, Operating Leases stood at $2.5 billion in 2021, then rose by 3.85% to $2.6 billion in 2022, then increased by 17.03% to $3.0 billion in 2023, then grew by 12.77% to $3.4 billion in 2024, then rose by 3.63% to $3.5 billion in 2025.
  • Business Quant data shows Operating Leases for TGT at $3.5 billion in Q4 2025, $3.5 billion in Q3 2025, and $3.6 billion in Q2 2025.