Target Q2 FY25: where the revenue came from and where it went
The whole income statement of Target for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- May 4 – Aug 2, 2025
- Reported
- Aug 29, 2025
Revenue$25.21B
−1% year over year
Gross profit$7.31B
29% margin
Operating profit$1.32B
5% margin
Net profit$0.94B
4% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 25.21 | 100% | −1% |
| Food & beverage | 5.59 | 22% | +1% |
| Household essentials | 4.42 | 18% | −3% |
| Apparel & accessories | 4.09 | 16% | −4% |
| Home furnishings & decor | 3.66 | 15% | −6% |
| Hardlines | 3.52 | 14% | +6% |
| Beauty | 3.40 | 13% | +0% |
| Other revenue | 0.32 | 1% | |
| Advertising | 0.22 | 1% | +34% |
| Cost of revenue | −17.90 | 71% | |
| Gross profit | 7.31 | 29% margin | −1pp |
| SG&A | −5.36 | 21% | +0pp |
| Other | −0.63 | 3% | +0pp |
| Operating profit | 1.32 | 5% margin | −1pp |
| Interest & other costs | −0.10 | ||
| Tax | −0.28 | ||
| Net profit | 0.94 | 4% margin | −1pp |
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