TGT — compare financials

Income Statement

TARGET CORPORATION (TGT)

Year Ended (In millions, except shares in scaled by 100,000 and per share data)

	Jan 31, 2026	Feb 1, 2025	Feb 3, 2024
Net sales	$104,780	$106,566	$107,412
Merchandise sales	$102,717	$104,820	$105,803
Apparel & accessories	$15,737	$16,505	$16,485
Beauty	$13,214	$13,173	$12,538
Food & beverage	$24,136	$23,828	$23,899
Hardlines	$15,800	$15,784	$16,162
Home furnishings & décor	$15,608	$16,699	$17,760
Household essentials	$18,017	$18,614	$18,746
Other merchandise sales	$205	$217	$213
Advertising revenue	$915	$649	$522
Credit card profit sharing	$522	$576	$667
Other	$626	$521	$420
Cost of sales	$75,511	$76,502	$77,828
Selling, General and Administrative Expense	$21,535	$21,969	$21,462
Depreciation and amortization (exclusive of depreciation included in cost of sales)	$2,617	$2,529	$2,415
Operating income	$5,117	$5,566	$5,707
Net interest expense	$445	$411	$502
Net other income	$(95)	$(106)	$(92)
Earnings before income taxes	$4,767	$5,261	$5,297
Provision for income taxes	$1,062	$1,170	$1,159
Net earnings	$3,705	$4,091	$4,138
Basic earnings per share (in usd per share)	8.16	8.89	8.96
Diluted earnings per share (in usd per share)	8.13	8.86	8.94
Basic (in shares)	4,541	4,604	4,615
Diluted (in shares)	4,556	4,618	4,628
Antidilutive shares (in shares)	$2.1	$0.5	$2.1

TARGET CORPORATION (TGT)

As of January 31, 2026 and February 01, 2025 (In millions, except shares and per share data)

	Jan 31, 2026	Feb 1, 2025
Cash and cash equivalents	$5,488	$4,762
Inventory	$12,304	$12,740
Other current assets	$2,213	$1,952
Total current assets	$20,005	$19,454
Property and equipment, net	$33,749	$33,022
Operating Lease Assets	$3,703	$3,763
Other noncurrent assets	$2,033	$1,530
Total assets	$59,490	$57,769
Accounts payable	$12,622	$13,053
Accrued and other current liabilities	$6,478	$6,110
Current portion of long-term debt and other borrowings	$2,130	$1,636
Total current liabilities	$21,230	$20,799
Long-term debt and other borrowings	$14,326	$14,304
Noncurrent operating lease liabilities	$3,462	$3,582
Deferred income taxes	$2,265	$2,303
Other noncurrent liabilities	$2,042	$2,115
Total noncurrent liabilities	$22,095	$22,304
Common stock	$38	$38
Additional paid-in capital	$7,247	$6,996
Retained earnings	$9,297	$8,090
Accumulated other comprehensive loss	$(417)	$(458)
Total shareholders' investment	$16,165	$14,666
Total liabilities and shareholders' investment	$59,490	$57,769

TARGET CORPORATION (TGT)

Year Ended (In millions, except shares and per share data)

	Jan 31, 2026	Feb 1, 2025	Feb 3, 2024
Net earnings	$3,705	$4,091	$4,138
Depreciation and amortization	$3,134	$2,981	$2,801
Share-based compensation expense	$281	$304	$251
Deferred income taxes	$(55)	$(180)	$298
Noncash (gains) / losses and other, net	$(100)	$26	$94
Inventory	$436	$(854)	$1,613
Other assets	$(494)	$(308)	$(85)
Accounts payable	$(501)	$1,008	$(1,216)
Accrued and other liabilities	$156	$299	$727
Cash provided by operating activities	$6,562	$7,367	$8,621
Expenditures for property and equipment	$(3,727)	$(2,891)	$(4,806)
Other	$78	$31	$46
Cash used in investing activities	$(3,649)	$(2,860)	$(4,760)
Additions to long-term debt	$1,984	$741
Reductions of long-term debt	$(1,643)	$(1,139)	$(147)
Dividends paid	$(2,053)	$(2,046)	$(2,011)
Repurchase of stock	$(408)	$(1,007)
Shares withheld for taxes on share-based compensation	$(67)	$(99)	$(127)
Cash used in financing activities	$(2,187)	$(3,550)	$(2,285)
Net increase in cash and cash equivalents	$726	$957	$1,576
Cash and cash equivalents at end of period
Cash and cash equivalents at end of period
Interest paid, net of capitalized interest	$629	$615	$605
Leased assets obtained in exchange for new finance lease liabilities	$104	$319	$104
Leased assets obtained in exchange for new operating lease liabilities	$381	$758	$1,027