Target

TGT · Consumer Staples · Market cap $65.2B

Q1 FY26 May 2, 2026 reported May 29, 2026

Revenue$25.4B +7% year over year

Gross profit$7.4B

Operating profit$1.1B

Net profit$0.8B 3% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends May 2, 2026).
Item	Value	Share of revenue	Year over year
Revenue	25.4	100%	+7%
Food and Beverage	6.3	25%	+6%
Household Essentials	4.6	18%	+5%
Apparel and Accessories	3.8	15%	+4%
Hardlines	3.5	14%	+15%
Beauty	3.4	13%	+10%
Home Furnishings and Decor	3.2	13%	+1%
Other	0.4	2%
Advertising Revenue	0.2	1%	+51%
Cost of revenue	−18.1	71%
Gross profit	7.4	29% margin	+1pp
SG&A	−5.6	22%	+3pp
Other	−0.7	3%	+0pp
Operating profit	1.1	4% margin	−2pp
Tax	−0.2
Interest & other costs	−0.1
Net profit	0.8	3%	−1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Nov 1, 2025).
Item	Value	Share of revenue	Year over year
Revenue	25.3	100%	−2%
Food and Beverage	6	24%	+2%
Household Essentials	4.5	18%	−4%
Home Furnishings and Decor	3.9	15%	−7%
Apparel and Accessories	3.8	15%	−4%
Beauty	3.2	13%	+0%
Hardlines	3.2	13%	+1%
Other	0.3	1%
Advertising Revenue	0.2	1%	+44%
Cost of revenue	−18.1	72%
Gross profit	7.1	28% margin	+0pp
SG&A	−5.6	22%	+1pp
Other	−0.6	3%	+0pp
Operating profit	0.9	4% margin	−1pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.7	3%	−1pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Aug 2, 2025).
Item	Value	Share of revenue	Year over year
Revenue	25.2	100%	−1%
Food and Beverage	5.6	22%	+1%
Household Essentials	4.4	17%	−3%
Apparel and Accessories	4.1	16%	−4%
Home Furnishings and Decor	3.7	15%	−6%
Hardlines	3.5	14%	+6%
Beauty	3.4	13%	+0%
Other	0.3	1%
Advertising Revenue	0.2	1%	+34%
Cost of revenue	−17.9	71%
Gross profit	7.3	29% margin	−1pp
SG&A	−5.4	21%	+0pp
Other	−0.6	3%	+0pp
Operating profit	1.3	5% margin	−1pp
Tax	−0.3
Interest & other costs	−0.1
Net profit	0.9	4%	−1pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends May 3, 2025).
Item	Value	Share of revenue	Year over year
Revenue	23.8	100%	−3%
Food and Beverage	5.9	25%	+1%
Household Essentials	4.4	18%	−4%
Apparel and Accessories	3.7	16%	−5%
Home Furnishings and Decor	3.2	13%	−8%
Beauty	3.1	13%	−1%
Hardlines	3.1	13%	−3%
Other	0.3	1%
Advertising Revenue	0.2	1%	+25%
Cost of revenue	−17.1	72%
Gross profit	6.7	28% margin	−1pp
SG&A	−4.6	19%	−2pp
Other	−0.7	3%	+0pp
Operating profit	1.5	6% margin	+1pp
Tax	−0.4
Interest & other costs	−0.1
Net profit	1	4%	+1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	May 2, 2026	May 29, 2026	$25.4B	+7%	4%	$0.8B	3%
Q3 FY25	Aug 3 – Nov 1, 2025	Nov 26, 2025	$25.3B	−2%	4%	$0.7B	3%
Q2 FY25	May 4 – Aug 2, 2025	Aug 29, 2025	$25.2B	−1%	5%	$0.9B	4%
Q1 FY25	Feb 2 – May 3, 2025	May 30, 2025	$23.8B	−3%	6%	$1B	4%