Target Corporation (TGT) Earnings History
Earnings Pressure37 years of earnings data (1989–2025) · 5-year EPS trend is negative
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Target Corporation (TGT) Earnings Overview
As of June 21, 2026, Target Corporation (TGT) reported trailing twelve-month net income of $3.61B, reflecting -8.2% year-over-year growth. The company earned $7.92 per diluted share over the past four quarters, with a net profit margin of 3.5%.
Looking at the long-term picture, TGT's 5-year EPS compound annual growth rate (CAGR) stands at -1.2%, signaling declining earnings. The company achieved its highest annual net income of $6.95B in fiscal 2021.
Target Corporation maintains positive profitability with a gross margin of 25.4%, operating margin of 4.6%, and net margin of 3.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including WMT ($23.06B net income, 3.1% margin), COST ($8.84B net income, 2.9% margin), KR ($1.02B net income, 0.7% margin), TGT has outperformed on profitability metrics. Compare TGT vs WMT →
TGT Earnings vs Peers
Earnings metrics vs comparable public companies
TGT Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.71B | -9.4% | $4.84B | $8.13 | 3.5% | 4.6% |
| 2024 | $4.09B | -1.1% | $5.57B | $8.86 | 3.8% | 5.2% |
| 2023 | $4.14B | +48.8% | $5.71B | $8.94 | 3.9% | 5.3% |
| 2022 | $2.78B | -60.0% | $3.85B | $5.98 | 2.5% | 3.5% |
| 2021 | $6.95B | +59.0% | $8.95B | $14.10 | 6.6% | 8.4% |
| 2020 | $4.37B | +33.1% | $6.54B | $8.64 | 4.7% | 7.0% |
| 2019 | $3.28B | +11.7% | $4.66B | $6.36 | 4.2% | 6.0% |
| 2018 | $2.94B | +0.8% | $4.11B | $5.51 | 3.9% | 5.5% |
| 2017 | $2.91B | +6.6% | $4.22B | $5.29 | 4.0% | 5.8% |
| 2016 | $2.73B | -18.7% | $4.86B | $4.70 | 3.9% | 6.9% |
| 2015 | $3.36B | +305.6% | $607M | $5.31 | 4.6% | 0.8% |
| 2014 | -$1.64B | -183.0% | $882M | $-2.56 | -2.3% | 1.2% |
| 2013 | $1.97B | -34.3% | $1.05B | $3.07 | 2.8% | 1.5% |
| 2012 | $3.00B | +2.4% | $684M | $4.52 | 4.1% | 0.9% |
| 2011 | $2.93B | +0.3% | $866M | $4.28 | 4.2% | 1.2% |
| 2010 | $2.92B | +17.4% | $757M | $4.00 | 4.3% | 1.1% |
| 2009 | $2.49B | +12.4% | $804M | $3.30 | 3.8% | 1.2% |
| 2008 | $2.21B | -22.3% | $894M | $2.86 | 3.4% | 1.4% |
| 2007 | $2.85B | +2.2% | $0 | $3.33 | 4.5% | 0.0% |
| 2006 | $2.79B | +15.7% | $0 | $3.21 | 4.7% | 0.0% |
| 2005 | $2.41B | -24.7% | $0 | $2.71 | 4.6% | 0.0% |
| 2004 | $3.20B | +76.8% | $0 | $3.51 | 6.8% | 0.0% |
| 2003 | $1.81B | +11.5% | $0 | $1.76 | 4.3% | 0.0% |
| 2002 | $1.62B | +18.6% | $0 | $1.78 | 4.3% | 0.0% |
| 2001 | $1.37B | +8.2% | $0 | $1.21 | 3.4% | 0.0% |
| 2000 | $1.26B | +10.5% | $0 | $1.38 | 3.4% | 0.0% |
| 1999 | $1.14B | +22.4% | $0 | $1.23 | 3.4% | 0.0% |
| 1998 | $935M | +24.5% | $0 | $0.99 | 3.0% | 0.0% |
| 1997 | $751M | +62.2% | $0 | $0.80 | 2.7% | 0.0% |
| 1996 | $463M | +48.9% | $0 | $0.48 | 1.8% | 0.0% |
| 1995 | $311M | -28.3% | $0 | $0.33 | 1.3% | 0.0% |
| 1994 | $434M | +15.7% | $0 | $0.46 | 2.0% | 0.0% |
| 1993 | $375M | -2.1% | $0 | $0.40 | 1.9% | 0.0% |
| 1992 | $383M | +27.2% | $0 | $0.40 | 2.1% | 0.0% |
| 1991 | $301M | -26.6% | $0 | $0.31 | 1.9% | 0.0% |
| 1990 | $410M | +0.0% | $0 | $0.43 | 2.8% | 0.0% |
| 1989 | $410M | - | $0 | $0.45 | 3.0% | 0.0% |
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TGT — Frequently Asked Questions
Quick answers to the most common questions about buying TGT stock.
What is TGT earnings per share (EPS)?
TGT trailing twelve-month (TTM) diluted EPS is $7.92, reflecting -8.2% year-over-year growth. The 5-year EPS CAGR is -1.2%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Target Corporation's net income?
Target Corporation (TGT) trailing twelve-month net income is $3.6B as of 2025. Earnings declined -8.2% year-over-year. Target Corporation has been profitable for 11 consecutive years.
Is TGT profitable?
Yes, TGT is profitable with a TTM net income of $3.6B and a net profit margin of +3.5%. Target Corporation has generated profits for 11 consecutive years.
What is TGT's earnings growth rate?
TGT compound annual EPS growth rates (CAGR): 1-Year: -8.2%, 3-Year: +10.8%, 5-Year: -1.2%, 10-Year: +4.4%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are TGT's profit margins?
Target Corporation net profit margin is +3.5%, operating margin is +4.6%, and gross margin is +25.4%. Below-average margins reflect competitive or cost pressures. Return on Equity is +24.0%.
Is TGT growing earnings?
TGT earnings are declining — EPS fell -8.2% year-over-year. TTM net income dropped to $3.6B. This contrasts with the 5-year CAGR of -1.2%.
What was TGT's best earnings year?
Target Corporation's highest annual net income on record is $6.9B, achieved in fiscal year 2021. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were TGT's earnings last quarter?
TGT's most recent reported quarter was Q1 2026. Net income was $942M with diluted EPS of $1.71. For a full breakdown of all quarters, see the quarterly earnings table on this page.