Target Corporation income statement & cash flow
In the fiscal year ended Jan 31, 2026, Target Corporation reported net income of $3.71B on revenue of $104.78B. Operating cash flow was $6.56B and capital expenditures were $3.73B, leaving $2.83B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Jan 2017 | Feb 2018 | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.27B | $72.71B | $75.36B | $78.11B | $93.56B | $106.00B | $109.12B | $107.41B | $106.57B | $104.78B |
| Gross profit | $20.35B | $20.75B | — | — | — | — | — | — | — | — |
| Operating income | $4.86B | $4.22B | $4.11B | $4.66B | $6.54B | $8.95B | $3.85B | $5.71B | $5.57B | $5.12B |
| Net income | $2.73B | $2.91B | $2.94B | $3.28B | $4.37B | $6.95B | $2.78B | $4.14B | $4.09B | $3.71B |
| Diluted EPS | $4.69 | $5.29 | $5.51 | $6.36 | $8.64 | $14.10 | $5.98 | $8.94 | $8.86 | $8.13 |
| Operating cash flow | $5.44B | $6.93B | $5.97B | $7.12B | $10.53B | $8.62B | $4.02B | $8.62B | $7.37B | $6.56B |
| Capital expenditures | $1.55B | $2.53B | $3.52B | $3.03B | $2.65B | $3.54B | $5.53B | $4.81B | $2.89B | $3.73B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Jan 2026 | — | 4.9% | 3.5% |
| Feb 2025 | — | 5.2% | 3.8% |
| Feb 2024 | — | 5.3% | 3.9% |
| Jan 2023 | — | 3.5% | 2.5% |
| Jan 2022 | — | 8.4% | 6.6% |
Source: SEC EDGAR XBRL company facts for CIK 27419 (raw data). Most recent filing in this dataset: 10-Q filed Aug 28, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.