Target Q2 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
- May 3 – Aug 1, 2026
- Reported
- Aug 28, 2026
Revenue$26.5B
+5% year over year
Gross profit$8.9B
34% margin
Operating profit$2.6B
10% margin
Net profit$1.9B
7% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 26.5 | 100% | +5% |
| Food & beverage | 6.3 | 24% | +12% |
| Household essentials | 4.6 | 17% | +3% |
| Apparel & accessories | 3.8 | 15% | −6% |
| Hardlines (Fun 101) | 3.5 | 13% | |
| Beauty | 3.4 | 13% | +0% |
| Home furnishings & décor | 3.2 | 12% | |
| Other revenue | 1.7 | 6% | |
| Cost of revenue | −17.6 | 66% | |
| Gross profit | 8.9 | 34% margin | +5pp |
| SG&A | −5.7 | 22% | +0pp |
| Other | −0.7 | 2% | +0pp |
| Operating profit | 2.6 | 10% margin | +4pp |
| Interest & other costs | −0.1 | ||
| Tax | −0.6 | ||
| Net profit | 1.9 | 7% margin | +3pp |
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