Target Corporation (TGT) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
TGT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
TGT Revenue Analysis (2013–2024)
As of March 1, 2026, Target Corporation (TGT) generated trailing twelve-month (TTM) revenue of $105.37 billion, reflecting slight decline in growth of -1.1% year-over-year. The most recent quarter (Q3 2025) recorded $25.40 billion in revenue, up 0.7% sequentially.
Looking at the longer-term picture, TGT's 5-year compound annual growth rate (CAGR) stands at +6.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $109.12 billion in 2022.
Revenue diversification analysis shows TGT's business is primarily driven by Food and Beverage (22%), Beauty and Household Essentials (17%), and Home Furnishings and Decor (16%).
When compared to Consumer Defensive sector peers including WMT (+4.3% YoY), COST (+8.3% YoY), and BJ (+2.8% YoY), TGT has underperformed the peer group in terms of revenue growth. Compare TGT vs WMT →
Peer Comparison
Compare TGT's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TGTCurrent | $105.4B | -1.1% | +6.4% | 5.3% | |
| WMT | $713.2B | +4.3% | +5.0% | 4.2% | |
| COST | $275.2B | +8.3% | +10.5% | 3.8% | |
| BJ | $20.5B | +2.8% | +9.2% | 3.8% | |
| PSMT | $5.3B | +7.8% | +9.6% | 4.5% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $106.57B | -0.8% | $27.54B | 25.8% | $5.63B | 5.3% |
| 2023 | $107.41B | -1.6% | $27.26B | 25.4% | $5.81B | 5.4% |
| 2022 | $109.12B | +2.9% | $24.51B | 22.5% | $3.91B | 3.6% |
| 2021 | $106.00B | +13.3% | $28.70B | 27.1% | $9.03B | 8.5% |
| 2020 | $93.56B | +19.8% | $25.38B | 27.1% | $6.83B | 7.3% |
| 2019 | $78.11B | +3.7% | $20.89B | 26.7% | $4.68B | 6.0% |
| 2018 | $75.36B | +3.6% | $19.83B | 26.3% | $4.20B | 5.6% |
| 2017 | $72.71B | +4.6% | $19.36B | 26.6% | $4.32B | 5.9% |
| 2016 | $69.50B | -5.8% | $18.32B | 26.4% | $4.38B | 6.3% |
| 2015 | $73.78B | +1.6% | $21.54B | 29.2% | $5.53B | 7.5% |
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Start ComparisonFrequently Asked Questions
Is TGT's revenue growth accelerating or slowing?
TGT revenue growth slowed to -1.1%, below the 5-year CAGR of +6.4%. TTM revenue is $105.4B. The deceleration marks a shift from historical growth rates.
What is TGT's long-term revenue growth rate?
Target Corporation's 5-year revenue CAGR of +6.4% reflects the variable expansion pattern. Current YoY growth of -1.1% is near this long-term average.
How is TGT's revenue distributed by segment?
TGT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.