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MARKETS / NYSE / TGT
NYSE · RETAIL-VARIETY STORES · LARGE CAP

Target Corp. TGT

19 fiscal years on record · USD · FY2025 reported · SEC filings only
17 YEARS OF DIVIDEND GROWTH
$104.8B
▼ 1.7% YoY
$3.7B
▼ 9.4% YoY
$2.8B
▼ 36.7% YoY
In brief

What this company does

Target Corporation sells merchandise and everyday essentials to its customers at discounted prices. The company employed approximately 415,000 full-time, part-time, and seasonal team members as of January 31, 2026. Nearly all of its sales are generated within the U.S. It operates as a single segment, with products sold in stores or through digital channels. The majority of its stores offer a wide assortment of general merchandise and groceries. Approximately thirty percent of merchandise sales come from its owned and exclusive brands. The company was incorporated in Minnesota in 1902.

Written from the business description in TARGET CORP's annual report to the U.S. Securities and Exchange Commission, filed 11 March 2026. Every sentence was checked against that document before publication.

Growth
USD 104.8B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 104.8 · Net income 3.7
40B80B2007201020132016201920222025
Compound annual growth
−1.3%
+2.3%
+3.6%
+3.0%
+10.0%
−3.2%
+10.8%
−1.2%
+4.4%
+4.8%
+3.1%
+11.0%
+7.5%
+11.2%
−18.1%
+3.6%
−6.0%
−0.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.9% · Net 3.5%
5%2007201020132016201920222025
ROE
FY2025 · ROE 24.0%
20%40%-5%-10%2007201020132016201920222025

Each USD of equity produced 24 cents of profit this year.

Cash & shareholders
USD 2.5B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 2.8
4.0B-0.8B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 2.1 · Net buybacks 0.4
4B8BDividendsNet buybacks2007201020132016201920222025

USD 2.1B in dividends and USD 408.0M in buybacks — 66% of the year's profit went back to shareholders.

Total assetsUSD 59.5B
EquityUSD 16.2B
CashUSD 5.5B
Gross debtUSD 14.4B
Net debtUSD 8.9B
Current ratio0.94×

Net debt stands at 55% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B104.8106.6107.4109.1106.093.678.175.472.770.373.872.671.373.369.967.465.464.963.4
Operating income $B5.15.65.73.88.96.54.74.14.24.9···5.25.25.24.6··
EBITDA $B8.38.58.56.511.69.07.36.66.77.2···7.27.47.36.6··
Income tax $B1.11.21.20.62.01.20.90.70.71.31.61.21.41.71.51.61.41.31.8
Net income $B3.74.14.12.86.94.43.32.92.92.73.4−1.62.03.02.92.92.52.22.8
Free cash flow $B2.84.53.8−1.55.17.94.12.54.43.94.52.74.63.01.13.14.20.9−0.2
EPS, diluted $8.138.868.945.9814.108.646.365.515.294.695.31−2.563.074.524.284.003.302.863.33
Dividend / sh $4.544.464.384.143.382.702.622.542.462.362.201.991.651.381.150.920.670.62·
Payout %5550496622314145464940−7451292621202116
ROE %24.029.133.623.150.933.328.425.625.822.924.9−10.812.018.518.718.917.116.1·
Shares out B0.450.460.460.460.470.500.500.520.540.560.600.640.630.650.670.700.740.75·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 79 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Variety Stores
Listed onNYSE
Incorporated inMinnesota
Fiscal year endsFebruary 1
Data on record since2007

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