Financial Statements — TGT
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 3.53 | 3.82 | 4.34 | 2.89 | 3.43 | 3.50 | 3.60 | 1.91 | 1.62 | 1.32 | 1.12 | 1.11 | 5.75 | 7.37 | 7.82 |
| Inventory | 12.32 | 14.90 | 12.88 | 13.05 | 15.17 | 12.60 | 11.73 | 14.73 | 12.68 | 12.62 | 15.32 | 15.08 | 14.96 | 11.26 | 10.54 |
| Total Current Assets | 18.07 | 20.70 | 19.03 | 17.76 | 20.55 | 17.92 | 17.08 | 18.60 | 16.10 | 15.77 | 18.45 | 17.95 | 22.58 | 20.23 | 19.93 |
| Property, Plant & Equipment | 34.17 | 33.71 | 33.57 | 33.18 | 32.93 | 33.08 | 33.11 | 33.17 | 32.95 | 32.40 | 29.82 | 28.67 | 27.92 | 27.24 | 26.80 |
| Total Non-current Assets* | 39.95 | 39.29 | 38.82 | 38.43 | 37.98 | 38.08 | 38.04 | 37.63 | 37.11 | 36.38 | 34.02 | 32.89 | 31.84 | 31.15 | 30.54 |
| Total Assets | 58.01 | 59.99 | 57.85 | 56.19 | 58.53 | 56.00 | 55.12 | 56.23 | 53.21 | 52.15 | 52.47 | 50.84 | 54.41 | 51.39 | 50.47 |
| Accounts Payable | 12.19 | 13.79 | 12.02 | 11.82 | 14.42 | 12.60 | 11.56 | 14.29 | 12.28 | 11.94 | 14.89 | 14.05 | 16.25 | 12.63 | 11.64 |
| Total Current Liabilities | 19.38 | 21.24 | 19.22 | 18.99 | 21.79 | 19.98 | 19.86 | 21.50 | 19.33 | 17.87 | 22.45 | 20.72 | 23.35 | 19.42 | 18.60 |
| Long-term Debt | 14.28 | 15.37 | 15.32 | 14.33 | 14.35 | 13.65 | 13.49 | 14.88 | 14.93 | 16.01 | 13.45 | 13.38 | 11.59 | 11.59 | 11.51 |
| Total Non-current Liabilities | 22.23 | 23.25 | 23.21 | 22.25 | 22.25 | 21.58 | 21.42 | 22.21 | 21.88 | 22.68 | 19.43 | 19.34 | 17.26 | 17.10 | 16.91 |
| Total Liabilities* | 41.62 | 44.49 | 42.43 | 41.24 | 44.04 | 41.57 | 41.28 | 43.72 | 41.22 | 40.55 | 41.88 | 40.07 | 40.61 | 36.53 | 35.51 |
| Retained Earnings | 9.55 | 8.78 | 8.77 | 8.36 | 8.01 | 8.03 | 7.52 | 6.23 | 5.77 | 5.45 | 4.42 | 5.50 | 8.07 | 9.20 | 9.37 |
| Total Stockholder Equity | 16.40 | 15.50 | 15.42 | 14.95 | 14.49 | 14.43 | 13.84 | 12.51 | 11.99 | 11.61 | 10.59 | 10.77 | 13.80 | 14.86 | 14.96 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | 25.44 | 30.45 | 25.27 | 25.21 | 23.85 | 31.92 | 25.67 | 25.45 | 24.53 | 31.40 | 25.40 | 24.77 | 25.32 | 31.00 | 26.04 | 25.17 | 28.34 | 25.65 | 25.16 | 24.20 |
| Cost of Revenue* | 18.06 | 22.34 | 18.14 | 17.90 | 17.13 | 23.50 | 18.38 | 17.80 | 17.45 | 23.95 | 18.15 | 17.80 | 18.39 | -- | 20.14 | -- | 20.10 | 18.21 | -- | -- |
| Gross Profit | 7.38 | 8.11 | 7.13 | 7.31 | 6.72 | 8.04 | 7.29 | 7.65 | 7.08 | 8.42 | 7.25 | 6.98 | 6.94 | -- | 5.90 | -- | 8.24 | 7.45 | -- | -- |
| Selling, General & Admin | 5.56 | 6.05 | 5.54 | 5.36 | 4.59 | 5.94 | 5.49 | 5.39 | 5.17 | 5.68 | 5.32 | 5.18 | 5.03 | 5.54 | 5.00 | 4.76 | 5.45 | 4.86 | 4.85 | 4.51 |
| Total Operating Expenses | 6.25 | 6.73 | 6.19 | 5.99 | 5.25 | 6.57 | 6.13 | 6.02 | 5.79 | 6.56 | 5.93 | 5.78 | 5.61 | -- | 5.57 | -- | 6.14 | 5.44 | -- | -- |
| Operating Income | 1.14 | 1.38 | 0.95 | 1.32 | 1.47 | 1.87 | 1.17 | 1.64 | 1.30 | 1.16 | 1.32 | 1.20 | 1.33 | 2.10 | 0.32 | 1.35 | 1.84 | 2.01 | 2.47 | 2.37 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.11 | 0.11 | 0.11 | 0.14 | 0.15 | 0.10 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.11 |
| Pretax Income | 1.03 | 1.31 | 0.86 | 1.22 | 1.38 | 1.79 | 1.09 | 1.55 | 1.22 | 1.04 | 1.24 | 1.07 | 1.20 | 2.02 | 0.22 | 1.25 | 1.73 | 1.91 | 2.37 | 2.61 |
| Tax Provision | 0.25 | 0.26 | 0.17 | 0.28 | 0.35 | 0.40 | 0.24 | 0.35 | 0.28 | 0.17 | 0.26 | 0.24 | 0.25 | 0.47 | 0.03 | 0.24 | 0.35 | 0.42 | 0.55 | 0.51 |
| Net Income | 0.78 | -- | 0.69 | 0.94 | 1.04 | -- | 0.85 | 1.19 | 0.94 | 0.15 | 0.97 | 0.84 | 0.95 | -- | 0.18 | 1.01 | -- | 1.49 | 1.82 | 2.10 |
| Basic EPS | 1.72 | 2.30 | 1.52 | 2.06 | 2.28 | 2.99 | 1.86 | 2.58 | 2.04 | 1.91 | 2.10 | 1.81 | 2.06 | 3.28 | 0.40 | 2.17 | 2.75 | 3.07 | 3.68 | 4.20 |
| Diluted EPS | 1.71 | 2.30 | 1.51 | 2.05 | 2.27 | 2.99 | 1.85 | 2.57 | 2.03 | 1.89 | 2.10 | 1.80 | 2.05 | 3.24 | 0.39 | 2.16 | 2.72 | 3.04 | 3.65 | 4.17 |
* Derived from reported values
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | 0.72 | 3.08 | 1.13 | 2.08 | 0.28 | 0.74 | 2.24 | 1.10 | 3.47 | 1.93 | 2.13 | 1.26 | 1.35 | (1.39) | 2.17 | 2.28 | 1.14 |
| Capital Expenditures | 1.03 | 0.89 | 0.98 | 1.07 | 0.79 | 0.66 | 0.64 | 0.67 | 1.21 | 1.13 | 1.22 | 1.61 | 1.57 | 0.95 | 1.15 | 0.80 | 0.54 |
| Free Cash Flow* | (0.32) | 2.19 | 0.15 | 1.01 | (0.51) | 0.08 | 1.60 | 0.43 | 2.26 | 0.81 | 0.91 | (0.34) | (0.22) | (2.35) | 1.03 | 1.49 | 0.60 |
| Investing Cash Flow | (1.03) | (0.86) | (0.94) | (1.07) | (0.79) | (0.64) | (0.63) | (0.67) | (1.20) | (1.09) | (1.22) | (1.60) | (1.57) | (0.95) | (1.12) | (0.81) | (0.16) |
| Financing Cash Flow | (1.64) | (0.55) | (0.71) | 0.44 | (1.36) | (0.17) | (1.71) | (0.63) | (0.99) | (0.55) | (0.62) | (0.57) | 0.23 | (2.46) | (2.67) | (1.92) | (1.67) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 | Q4
2020 | Q3
2020 |
|---|
| Dividends Per Share | 1.14 | 1.14 | 1.14 | 1.12 | 1.10 | 1.12 | 1.12 | 1.10 | 1.08 | 1.08 | 1.10 | 1.08 | 0.90 | 1.08 | 0.90 | 0.90 | 0.90 | 0.68 | 0.66 | 0.68 |
