Target Corporation (TGT) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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TGT EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
TGT Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 27.9% | 4.9% | 3.5% |
| 2024 | 28.2% | 5.2% | 3.8% |
| 2023 | 27.5% | 5.3% | 3.9% |
| 2022 | 24.6% | 3.5% | 2.5% |
| 2021 | 29.3% | 8.4% | 6.6% |
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Target Corporation (TGT) Earnings Overview
As of May 6, 2026, Target Corporation (TGT) reported trailing twelve-month net income of $4.04B, reflecting -8.2% year-over-year growth. The company earned $8.73 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 27.9%, operating margin of 4.9%, and net margin of 3.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including WMT ($22.91B net income, 3.1% margin), COST ($8.55B 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% | $5.12B | $8.13 | 3.5% | 4.9% |
| 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% |
Full TGT Stock Analysis
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Start ComparisonTGT — Frequently Asked Questions
Quick answers to the most common questions about buying TGT stock.
Is TGT growing earnings?
TGT EPS fell to $8.73, with earnings declining -8.2%. This contrasts with the 5-year CAGR of -1.2%. TTM net income dropped to $4.0B.
What are TGT's profit margins?
Target Corporation net margin is +3.5%, with operating margin at +4.9%. Below-average margins reflect competitive or cost pressures.
How consistent are TGT's earnings?
TGT earnings data spans 1989-2025. The declining earnings trend is -8.2% YoY. Historical data enables comparison across business cycles.