FINHUB Insights

TGT · Q3 FY25 · Aug 3 – Nov 1, 2025

Target Q3 FY25: where the revenue came from and where it went

Target Q3 FY25: revenue $25.3B (−2% year over year). Net profit $0.7B. Largest cohort Food and Beverage $6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Aug 3 – Nov 1, 2025
Reported
Nov 26, 2025 10-Q
Sankey diagram of Target's income statement for Q3 FY25: revenue of $25.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$25.3B −2% year over year
Gross profit$7.1B 28% margin
Operating profit$0.9B 4% margin
Net profit$0.7B 3% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Nov 1, 2025).
ItemValueShare of revenueYear 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−18.172%
Gross profit7.128% margin+0pp
SG&A−5.622%+1pp
Other−0.63%+0pp
Operating profit0.94% margin−1pp
Tax−0.1
Interest & other costs−0.1
Net profit0.73%−1pp
Filing on EDGAR More quarters of TGT

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters