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The financials
Target Corporation by the numbers
Target Corporation (TGT) reported revenue of $26.5B in Q2 2026 (quarter ended Aug 1, 2026), up 5.3% from the same quarter a year earlier. That came with a gross margin of 34% and net income of $1.88B (7.1% of revenue). For the full year FY2025, revenue was $104.8B (−1.7% year on year) and net income $3.71B. Its largest product in Q2 2026 was Food And Beverage at $5.99B, 23% of the disclosed total, just ahead of Household Essentials at 17%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $26.5B | $25.2B | +5.3% |
| Gross profit | $8.94B | $7.31B | +22% |
| Operating income | $2.56B | $1.32B | +94% |
| Net income | $1.88B | $935M | +101% |
| Diluted EPS | $4.11 | $2.05 | +100% |
| Product | Revenue | Share |
|---|---|---|
| Food And Beverage | $5.99B | 23% |
| Household Essentials | $4.62B | 17% |
| Apparel And Accessories | $4.09B | 15% |
| Hardlines | $3.89B | 15% |
| Home Furnishings And Decor | $3.67B | 14% |
| Beauty | $3.64B | 14% |
| Advertising | $279M | 1.1% |
| Other Other | $174M | 0.7% |
| Credit Card Profit Sharing | $139M | 0.5% |
| Other Product | $48M | 0.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $26.54B (+4.3%)
Advertising grew +29% year on yearApparel And Accessories +0.10% year on year
Segment Latestquarter on quarteryear on year
- Food And Beverage$5.99B$5.99BQoQ -4.3%year on year +7.2%-4.3%+7.2%
- Household Essentials$4.62B$4.62BQoQ +1.0%year on year +4.4%+1.0%+4.4%
- Apparel And Accessories$4.09B$4.09BQoQ +6.3%year on year +0.10%+6.3%+0.10%
- Hardlines$3.89B$3.89BQoQ +11%year on year +11%+11%+11%
- Home Furnishings And Decor$3.67B$3.67BQoQ +13%year on year +0.16%+13%+0.16%
- Beauty$3.64B$3.64BQoQ +7.1%year on year +7.2%+7.1%+7.2%
- Advertising$279.0M$279.0MQoQ +13%year on year +29%+13%+29%
- Other Other$174.0M$174.0MQoQ +0.58%year on year +23%+0.58%+23%
- Credit Card Profit Sharing$139.0M$139.0MQoQ +6.9%year on year +3.7%+6.9%+3.7%
- Other Product$48.0M$48.0MQoQ -14%year on year +12%-14%+12%