Target Q4 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
- Nov 2, 2025 – Jan 31, 2026
- Reported
- Mar 11, 2026
Revenue$30.45B
−1% year over year
Gross profit$8.11B
27% margin
Operating profit$1.38B
5% margin
Net profit$1.05B
3% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 30.45 | 100% | −1% |
| Food & beverage | 6.64 | 22% | +2% |
| Hardlines | 6.01 | 20% | −2% |
| Home furnishings & decor | 4.82 | 16% | −5% |
| Household essentials | 4.70 | 15% | −2% |
| Apparel & accessories | 4.10 | 14% | −6% |
| Beauty | 3.49 | 11% | +1% |
| Other revenue | 0.41 | 1% | |
| Advertising | 0.29 | 1% | +55% |
| Cost of revenue | −22.34 | 73% | |
| Gross profit | 8.11 | 27% margin | +0pp |
| SG&A | −6.05 | 20% | +0pp |
| Other | −0.68 | 2% | +0pp |
| Operating profit | 1.38 | 5% margin | +0pp |
| Interest & other costs | −0.07 | ||
| Tax | −0.26 | ||
| Net profit | 1.05 | 3% margin | +0pp |
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