Target Q1 FY26: 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
- Feb 1 – May 2, 2026
- Reported
- May 29, 2026
Revenue$25.44B
+7% year over year
Gross profit$7.38B
29% margin
Operating profit$1.14B
4% margin
Net profit$0.78B
3% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 25.44 | 100% | +7% |
| Food & beverage | 6.26 | 25% | +6% |
| Household essentials | 4.57 | 18% | +5% |
| Apparel & accessories | 3.85 | 15% | +4% |
| Hardlines | 3.52 | 14% | +15% |
| Beauty | 3.40 | 13% | +10% |
| Home furnishings & decor | 3.24 | 13% | +1% |
| Other revenue | 0.36 | 1% | |
| Advertising | 0.25 | 1% | +51% |
| Cost of revenue | −18.06 | 71% | |
| Gross profit | 7.38 | 29% margin | +1pp |
| SG&A | −5.56 | 22% | +3pp |
| Other | −0.69 | 3% | +0pp |
| Operating profit | 1.14 | 4% margin | −2pp |
| Interest & other costs | −0.10 | ||
| Tax | −0.25 | ||
| Net profit | 0.78 | 3% margin | −1pp |
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