Direct Answer
Target Corporation reported revenue of $105 billion for the fiscal year ended January 31, 2026, with an operating margin of 4.9% and net income of $3.7 billion, according to its SEC filings. Revenue fell 1.7% from the prior year.
What Are Target Corporation's Key Financial Figures?
| Fiscal year | FY2026 ended January 31, 2026 | FY2025 ended February 1, 2025 | FY2024 ended February 3, 2024 | FY2023 ended January 28, 2023 |
|---|---|---|---|---|
| Revenue | $105 billion | $107 billion | $107 billion | $109 billion |
| Operating income | $5.1 billion | $5.6 billion | $5.7 billion | $3.8 billion |
| Operating margin | 4.9% | 5.2% | 5.3% | 3.5% |
| Net income | $3.7 billion | $4.1 billion | $4.1 billion | $2.8 billion |
| Net margin | 3.5% | 3.8% | 3.9% | 2.5% |
| Operating cash flow | $6.6 billion | $7.4 billion | $8.6 billion | $4.0 billion |
| Capital expenditures | $3.7 billion | $2.9 billion | $4.8 billion | $5.5 billion |
| Free cash flow | $2.8 billion | $4.5 billion | $3.8 billion | -$1.5 billion |
Operating margin held roughly steady between fiscal 2025 and 2026, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $2.8 billion against net income of $3.7 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.
What Does Target Corporation's Balance Sheet Show?
| Cash and cash equivalents | $5.5 billion |
|---|---|
| Long-term debt | $14.4 billion |
| Total assets | $59.5 billion |
| Total liabilities | Not reported |
| Shareholders' equity | $16.2 billion |
| Current ratio | 0.9x |
Balance sheet values are as of the end of fiscal 2026. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Target Corporation reported in its own SEC filings, read from the SEC's XBRL data (accession 0000027419-26-000016 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Target Corporation's revenue in fiscal 2026?
Target Corporation reported revenue of $105 billion for the fiscal year ended January 31, 2026, according to its SEC filings.
What is Target Corporation's operating margin?
Target Corporation's operating margin was 4.9% in fiscal 2026: operating income of $5.1 billion on revenue of $105 billion.
How much free cash flow did Target Corporation generate?
Operating cash flow of $6.6 billion less capital expenditures of $3.7 billion gives free cash flow of $2.8 billion for fiscal 2026.