Target Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 106.00B | 109.12B | 107.41B | 106.57B | 104.78B | -1.7% | |
| Cost of Revenue | (74.96B) | (82.31B) | (77.83B) | (76.50B) | (75.51B) | -1.3% | |
Gross Profit | 31.04B | 26.81B | 29.58B | 30.06B | 29.27B | -2.6% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (19.75B) | (20.58B) | (21.46B) | (21.97B) | (21.54B) | -2.0% | |
| Depreciation & Amortization | (2.64B) | (2.70B) | (2.80B) | (2.98B) | (3.13B) | 5.1% | |
Operating Income (EBIT) | 8.95B | 3.85B | 5.71B | 5.57B | 5.12B | -8.1% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (421.00M) | (478.00M) | (502.00M) | (411.00M) | (445.00M) | 8.3% | |
| Other Income/Expenses (Net) | -39.00M | -430.00M | -410.00M | -305.00M | -350.00M | 14.8% | |
Income Before Tax | 8.91B | 3.42B | 5.30B | 5.26B | 4.77B | -9.4% | |
| Income Tax Expense | (1.96B) | (638.00M) | (1.16B) | (1.17B) | (1.06B) | -9.2% | |
Net Income | 6.95B | 2.78B | 4.14B | 4.09B | 3.71B | -9.4% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $14 | $6 | $9 | $9 | $8 | -8.2% | |
| Weighted Avg Shares Outstanding | 488.10M | 462.10M | 461.50M | 460.40M | 454.10M | -1.4% | |
| Weighted Avg Shares Outstanding (Diluted) | 492.70M | 464.70M | 462.80M | 461.80M | 455.60M | -1.3% | |
EBITDA | 11.97B | 6.60B | 8.60B | 8.65B | 8.35B | -3.5% |
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TGT in the Consumer Defensive
Large Cap