EARNINGS PRINTS

Target (TGT) Earnings History by Quarter

72 quarters, Q2 FY08 to Q2 FY26/72 past earnings releases/Past dates only

Final10-Q filed Aug 28, 2026TGTQ2 FY26

$26.5BTGT earnings history

Revenue in Q2 FY26, 7th of 38 comparable quarters since Q1 FY17.

Quarterly revenueQ2 FY08 to Q2 FY26 (72 quarters)
Revenue YoY
up +5.3%Q2 FY26
Net margin
7.1%Q2 FY26
Revenue, 4 qtrs
$107.7Btrailing to Q2 FY26
Growth streak
2quarters of YoY growth

Q2 FY26 = quarter ended Aug 1, 2026Data as of

Target reported revenue of $26.5B in Q2 FY26, its 7th highest of 38 comparable quarters since Q1 FY17. The series runs from Q2 FY08 to Q2 FY26 (72 quarters), with revenue, profit (net income, or income from continuing operations where revenue is reported on that basis) and diluted EPS for each, annual totals and the filing times of past releases.

Informational only. Not investment advice or a recommendation to buy, sell or hold any security. Figures are from company filings retrieved via SEC EDGAR; press-release (preliminary) figures may be revised in the 10-Q/10-K. Data as of Aug 28, 2026 1:53 PM ET.

Updated · Report an error

The latest 38 TGT quarters, up to Q2 FY26, form an unbroken like-for-like run. Earlier quarters stay in the table, but restated bases, gaps and 14-week quarters keep them out of records, streaks and growth rates.

Revenue chart and table, every quarter

Comparable quarters since Q1 FY17: $16.2B to $26.5B

Target quarterly revenue chart, Q2 FY08 to Q2 FY26

Line: revenue each quarter, linear scale from zero. Dashed line: new reporting basis from Q1 FY17; earlier quarters were not restated, so the line breaks there.

Target quarterly revenue chart, Q2 FY08 to Q2 FY26Revenue went from $15.5B in Q2 FY08 to $26.5B in Q2 FY26. Every quarter is in the table below. The company reports on a new basis from Q1 FY17 and did not restate earlier quarters; the line breaks there, and year-over-year changes across that point are n/a. $0 $10B $20B $30B $40B new reporting basis from Q1 FY17 $26.5B Q2 FY26 FY10 FY15 FY20 FY25 Target quarterly revenue chart, Q2 FY08 to Q2 FY26Revenue went from $15.5B in Q2 FY08 to $26.5B in Q2 FY26. Every quarter is in the table below. The company reports on a new basis from Q1 FY17 and did not restate earlier quarters; the line breaks there, and year-over-year changes across that point are n/a. $0 $10B $20B $30B $40B $26.5B Q2 FY26 FY10 FY20
  • Revenue
  • Q2 FY26
  • New reporting basis from Q1 FY17

Quarterly revenue for all 72 quarters, Q2 FY08 to Q2 FY26.

Revenue by quarter

Target quarterly revenue: latest 12 of 72 quarters
QuarterEndedRevenueYoY
Q2 FY26Aug 1, 2026 Aug 1, 2026$26,539Mup +5.3%
Q1 FY26May 2, 2026 May 2, 2026$25,443Mup +6.7%
Q4 FY25dJan 31, 2026 Jan 31, 2026$30,453Mdown −1.5%
Q3 FY25Nov 1, 2025 Nov 1, 2025$25,270Mdown −1.6%
Q2 FY25Aug 2, 2025 Aug 2, 2025$25,211Mdown −0.9%
Q1 FY25May 3, 2025 May 3, 2025$23,846Mdown −2.8%
Q4 FY24dFeb 1, 2025 Feb 1, 2025$30,915Mdown −3.1% (13 vs 14 wk)
up +4.3% per week
Q3 FY24Nov 2, 2024 Nov 2, 2024$25,668Mup +1.1%
Q2 FY24Aug 3, 2024 Aug 3, 2024$25,452Mup +2.7%
Q1 FY24May 4, 2024 May 4, 2024$24,531Mdown −3.1%
Q4 FY23d14wFeb 3, 2024 Feb 3, 2024$31,919Mup +1.7% (14 vs 13 wk)
down −5.6% per week
Q3 FY23Oct 28, 2023 Oct 28, 2023$25,398Mdown −4.2%
Show all 72 quarters (back to Q2 FY08)
Target quarterly revenue: Q2 FY23 back to Q2 FY08
QuarterEndedRevenueYoY
Q2 FY23Jul 29, 2023 Jul 29, 2023$24,773Mdown −4.9%
Q1 FY23Apr 29, 2023 Apr 29, 2023$25,322Mup +0.6%
Q4 FY22dJan 28, 2023 Jan 28, 2023$31,395Mup +1.3%
Q3 FY22Oct 29, 2022 Oct 29, 2022$26,518Mup +3.4%
Q2 FY22Jul 30, 2022 Jul 30, 2022$26,037Mup +3.5%
Q1 FY22Apr 30, 2022 Apr 30, 2022$25,170Mup +4.0%
Q4 FY21dJan 29, 2022 Jan 29, 2022$30,996Mup +9.4%
Q3 FY21Oct 30, 2021 Oct 30, 2021$25,652Mup +13.3%
Q2 FY21Jul 31, 2021 Jul 31, 2021$25,160Mup +9.5%
Q1 FY21May 1, 2021 May 1, 2021$24,197Mup +23.4%
Q4 FY20dJan 30, 2021 Jan 30, 2021$28,339Mup +21.1%
Q3 FY20Oct 31, 2020 Oct 31, 2020$22,632Mup +21.3%
Q2 FY20Aug 1, 2020 Aug 1, 2020$22,975Mup +24.7%
Q1 FY20May 2, 2020 May 2, 2020$19,615Mup +11.3%
Q4 FY19Feb 1, 2020 Feb 1, 2020$23,398Mup +1.8%
Q3 FY19Nov 2, 2019 Nov 2, 2019$18,665Mup +4.7%
Q2 FY19Aug 3, 2019 Aug 3, 2019$18,422Mup +3.6%
Q1 FY19May 4, 2019 May 4, 2019$17,627Mup +5.0%
Q4 FY18Feb 2, 2019 Feb 2, 2019$22,977M0.0% (13 vs 14 wk)
up +7.7% per week
Q3 FY18Nov 3, 2018 Nov 3, 2018$17,821Mup +5.6%
Q2 FY18Aug 4, 2018 Aug 4, 2018$17,776Mup +6.9%
Q1 FY18May 5, 2018 May 5, 2018$16,781Mup +3.4%
Q4 FY1714wFeb 3, 2018 Feb 3, 2018$22,983Mn/a (14-week quarter, not comparable)
Q3 FY17Oct 28, 2017 Oct 28, 2017$16,874Mn/a (the company restated one of the two quarters; no same-basis comparison)
Q2 FY17Jul 29, 2017 Jul 29, 2017$16,634Mn/a (the company restated one of the two quarters; no same-basis comparison)
Q1 FY17Apr 29, 2017 Apr 29, 2017$16,223Mn/a (the company restated one of the two quarters; no same-basis comparison)
Q4 FY16Jan 28, 2017 Jan 28, 2017$20,690Mn/a (recast by the company, not comparable)
Q3 FY16Oct 29, 2016 Oct 29, 2016$16,441Mn/a (recast by the company, not comparable)
Q2 FY16Jul 30, 2016 Jul 30, 2016$16,169Mn/a (recast by the company, not comparable)
Q1 FY16Apr 30, 2016 Apr 30, 2016$16,196Mn/a (recast by the company, not comparable)
Q4 FY15Jan 30, 2016 Jan 30, 2016$21,626Mn/a (recast by the company, not comparable)
Q3 FY15Oct 31, 2015 Oct 31, 2015$17,613Mn/a (recast by the company, not comparable)
Q2 FY15Aug 1, 2015 Aug 1, 2015$17,427Mn/a (recast by the company, not comparable)
Q1 FY15May 2, 2015 May 2, 2015$17,119Mn/a (recast by the company, not comparable)
Q4 FY14Jan 31, 2015 Jan 31, 2015$21,751Mn/a (recast by the company, not comparable)
Q3 FY14Nov 1, 2014 Nov 1, 2014$17,254Mn/a (recast by the company, not comparable)
Q2 FY14Aug 2, 2014 Aug 2, 2014$16,957Mn/a (recast by the company, not comparable)
Q1 FY14May 3, 2014 May 3, 2014$16,657Mn/a (recast by the company, not comparable)
Q4 FY13Feb 1, 2014 Feb 1, 2014$21,516Mn/a (14-week quarter, not comparable)
Q3 FY13Nov 2, 2013 Nov 2, 2013$16,925Mn/a (the company restated one of the two quarters; no same-basis comparison)
Q2 FY13Aug 3, 2013 Aug 3, 2013$16,841Mn/a (the company restated one of the two quarters; no same-basis comparison)
Q1 FY13May 4, 2013 May 4, 2013$16,620Mn/a (the company restated one of the two quarters; no same-basis comparison)
Q4 FY1214wFeb 2, 2013 Feb 2, 2013$22,726Mn/a (14-week quarter, not comparable)
Q3 FY12Oct 27, 2012 Oct 27, 2012$16,929Mn/a (recast by the company, not comparable)
Q2 FY12Jul 28, 2012 Jul 28, 2012$16,779Mn/a (recast by the company, not comparable)
Q1 FY12Apr 28, 2012 Apr 28, 2012$16,867Mn/a (recast by the company, not comparable)
Q4 FY11Jan 28, 2012 Jan 28, 2012$21,288Mn/a (recast by the company, not comparable)
Q3 FY11Oct 29, 2011 Oct 29, 2011$16,402Mn/a (recast by the company, not comparable)
Q2 FY11Jul 30, 2011 Jul 30, 2011$16,240Mn/a (recast by the company, not comparable)
Q1 FY11Apr 30, 2011 Apr 30, 2011$15,935Mn/a (recast by the company, not comparable)
Q4 FY10Jan 29, 2011 Jan 29, 2011$20,661Mn/a (recast by the company, not comparable)
Q3 FY10Oct 30, 2010 Oct 30, 2010$15,605Mn/a (recast by the company, not comparable)
Q2 FY10Jul 31, 2010 Jul 31, 2010$15,532Mn/a (recast by the company, not comparable)
Q1 FY10May 1, 2010 May 1, 2010$15,593Mn/a (recast by the company, not comparable)
Q4 FY09Jan 30, 2010 Jan 30, 2010$20,181Mn/a (no year-ago quarter in the data)
Q3 FY09Oct 31, 2009 Oct 31, 2009$15,276Mn/a (recast by the company, not comparable)
Q2 FY09Aug 1, 2009 Aug 1, 2009$15,067Mn/a (recast by the company, not comparable)
Q1 FY09May 2, 2009 May 2, 2009$14,833Mn/a (no year-ago quarter in the data)
Q3 FY08Nov 1, 2008 Nov 1, 2008$15,114Mn/a (no year-ago quarter in the data)
Q2 FY08Aug 2, 2008 Aug 2, 2008$15,472Mn/a (no year-ago quarter in the data)

d = derived: fiscal year minus nine months (Q4 is inside the 10-K); 14w = 14-week quarter; where a 14-week quarter meets a 13-week one, the YoY cell reads "(14 vs 13 wk)" or "(13 vs 14 wk)": the raw change includes the extra week, the per-week figure divides each quarter by its weeks; neither counts toward streaks or records; † = diluted share basis changes between this quarter and the previous one. b = YoY n/a (the company restated one of the two quarters; no same-basis comparison). Quarter names link to their own page where one exists.

The long view

Annual revenue went from $72,714M in fiscal 2017 to $104,780M in fiscal 2025: 1.4x the starting level, or +4.7% a year compounded over 8 years. Net income for fiscal 2025 was $3,705M, against $4,091M in fiscal 2024.

Growth was the usual case but not the only one: of 31 comparable quarters, 24 grew and 7 shrank. The best was +24.7% (Q2 FY20), the weakest -4.9% (Q2 FY23). The latest quarter, Q2 FY26, came in at +5.3%.

Net income was positive in every one of the 72 quarters. In 24 quarters the profit line is income from continuing operations rather than net income, because revenue is reported without discontinued businesses; the margin follows the same basis, and no year-over-year change is shown between the two bases. In Q2 FY26, diluted EPS was $4.11 on a net margin of 7.1%.

The last 8 comparable quarters were mixed: 4 grew and 4 shrank, with changes from -3% to +7%. The pace is close to unchanged, at an average of +2% over the latest four quarters against +0% for the four before. Across the last 12 the year-over-year change barely moved (standard deviation 3.5 points), which makes the series easy to read.

In each of the last 6 complete fiscal years the largest revenue quarter was fiscal Q4, and the seasonal swing is large: the biggest quarter of a year averages 30% more than the smallest. Revenue in Q2 FY26 is 17% below the run's high, set in Q4 FY23. Net margin held roughly level, at 4% on average over the latest four quarters against 4% before.

History highlights

  • Q4 FY23 holds the revenue record for the comparable run that starts in Q1 FY17: $31.9B, the highest of 38 quarters. The latest quarter, Q2 FY26, brought in $26.5B.
  • The longest unbroken stretch of year-over-year revenue growth lasted 17 quarters, from Q1 FY19 to Q1 FY23, about 4.2 years.
  • Net margin stayed in a narrow band across the quarters on file: from 0.7% (Q2 FY22) to 8.7% (Q1 FY21). In periods where the company reports revenue without discontinued businesses, the margin is income from continuing operations over revenue.
  • In filing 0000027419-16-000043 the company restated its figures on a new basis. Periods that ended before May 3, 2014 stay on the earlier basis, so they are kept out of records, streaks and growth rates.
  • The company restated its reporting starting with Q1 FY17 (the period beginning Jan 29, 2017) and did not restate the 34 quarters before it. Records and streaks are counted from that boundary, and no year-over-year change is shown across it; the older quarters stay in the table.
  • 3 quarters spanned 14 weeks instead of 13 (Q4 FY12, Q4 FY17, Q4 FY23); year-over-year changes that involve them are shown as reported and per week where both quarters are on one reporting basis, marked with the week counts, and are left out of streaks and records.

Form 8-K earnings releases

Past earnings release dates

The table lists 72 past earnings releases confirmed from Form 8-K filings; the most recent was accepted on Aug 19, 2026 7:51 AM ET, and the earliest on Aug 19, 2008 10:07 AM ET. All of the latest 8 were accepted before 10 AM ET, around the US market open. These are timestamps of filings that already happened. This site does not publish upcoming or expected dates.

Earnings releases already filed (Form 8-K, Item 2.02): latest 12 of 72
Quarter8-K filedAccepted (ET)Accession
Q2 FY26Aug 19, 20260000027419-26-000034
Q1 FY26May 20, 20260000027419-26-000020
Q4 FY25Feb 11, 20260000027419-26-000009
Q3 FY25Nov 19, 20250000027419-25-000123
Q2 FY25Aug 20, 20250000027419-25-000115
Q1 FY25May 21, 20250000027419-25-000096
Q4 FY24Mar 4, 20250000027419-25-000008
Q3 FY24Nov 20, 20240000027419-24-000177
Q2 FY24Aug 21, 20240000027419-24-000142
Q1 FY24May 22, 20240000027419-24-000126
Q4 FY23Mar 5, 20240000027419-24-000008
Q3 FY23Nov 15, 20230000027419-23-000048
Show all 72 past releases
Earlier earnings releases
Quarter8-K filedAccepted (ET)Accession
Q2 FY23Aug 16, 20230000027419-23-000032
Q1 FY23May 17, 20230000027419-23-000023
Q4 FY22Feb 28, 20230000027419-23-000010
Q3 FY22Nov 16, 20220000027419-22-000032
Q2 FY22Aug 17, 20220000027419-22-000023
Q1 FY22May 18, 20220000027419-22-000011
Q4 FY21Mar 1, 20220000027419-22-000002
Q3 FY21Nov 17, 20210000027419-21-000031
Q2 FY21Aug 18, 20210000027419-21-000023
Q1 FY21May 19, 20210000027419-21-000013
Q4 FY20Mar 2, 20210000027419-21-000007
Q3 FY20Nov 18, 20200000027419-20-000028
Q2 FY20Aug 19, 20200000027419-20-000020
Q1 FY20May 20, 20200000027419-20-000011
Q4 FY19Mar 3, 20200000027419-20-000004
Q3 FY19Nov 20, 20190000027419-19-000024
Q2 FY19Aug 21, 20190000027419-19-000018
Q1 FY19May 22, 20190000027419-19-000009
Q4 FY18Mar 5, 20190000027419-19-000002
Q3 FY18Nov 20, 20180000027419-18-000033
Q2 FY18Aug 22, 20180000027419-18-000024
Q1 FY18May 23, 20180000027419-18-000016
Q4 FY17Mar 6, 20180000027419-18-000003
Q3 FY17Nov 15, 20170000027419-17-000031
Q2 FY17Aug 16, 20170000027419-17-000024
Q1 FY17May 17, 20170000027419-17-000011
Q4 FY16Feb 28, 20170000027419-17-000004
Q3 FY16Nov 16, 20160000027419-16-000063
Q2 FY16Aug 17, 20160000027419-16-000056
Q1 FY16May 18, 20160000027419-16-000048
Q4 FY15Feb 24, 20160000027419-16-000039
Q3 FY15Nov 18, 20150000027419-15-000032
Q2 FY15Aug 19, 20150000027419-15-000025
Q1 FY15May 20, 20150000027419-15-000015
Q4 FY14Feb 25, 20150000027419-15-000008
Q3 FY14Nov 19, 20140000027419-14-000033
Q2 FY14Aug 20, 20140000027419-14-000025
Q1 FY14May 21, 20140000027419-14-000018
Q4 FY13Feb 26, 20140000027419-14-000006
Q3 FY13Nov 21, 20130000027419-13-000004
Q2 FY13Aug 21, 20130001104659-13-065225
Q1 FY13May 22, 20130001104659-13-043766
Q4 FY12Feb 27, 20130001104659-13-014655
Q3 FY12Nov 1, 20120001104659-12-073045
Q2 FY12Aug 15, 20120001104659-12-058031
Q1 FY12May 16, 20120001104659-12-037689
Q4 FY11Feb 23, 20120001104659-12-011928
Q3 FY11Nov 16, 20110001104659-11-064479
Q2 FY11Aug 17, 20110001104659-11-047316
Q1 FY11May 18, 20110001104659-11-029779
Q4 FY10Feb 24, 20110001104659-11-009523
Q3 FY10Nov 17, 20100001104659-10-058831
Q2 FY10Aug 18, 20100001104659-10-044918
Q1 FY10May 6, 20100001104659-10-026094
Q4 FY09Feb 23, 20100001104659-10-008643
Q3 FY09Nov 17, 20090001104659-09-065394
Q2 FY09Aug 18, 20090001104659-09-050263
Q1 FY09May 7, 20090001104659-09-030281
Q3 FY08Nov 17, 20080001104659-08-071222
Q2 FY08Aug 19, 20080001104659-08-053741

Net income chart and table

Net income: $1.9B in Q2 FY26, no loss quarters on record

Target quarterly net income chart, Q2 FY08 to Q2 FY26

Bars from zero; a loss quarter is drawn below the line.

Target quarterly net income chart, Q2 FY08 to Q2 FY26Net income was $1,877M in Q2 FY26. For 24 quarters the bars show income from continuing operations, on the same basis as revenue. Every quarter is in the table below. $0 $1B $2B $3B $1,877M Q2 FY26 FY10 FY15 FY20 FY25 Target quarterly net income chart, Q2 FY08 to Q2 FY26Net income was $1,877M in Q2 FY26. For 24 quarters the bars show income from continuing operations, on the same basis as revenue. Every quarter is in the table below. $0 $1B $2B $3B $1,877M Q2 FY26 FY10 FY20
  • Net income; income from continuing operations in 24 quarters (c in the table)
  • Net loss
  • Q2 FY26
Target quarterly net income: latest 12 of 72 quarters
QuarterEndedNet incomeNet margin
Q2 FY26Aug 1, 2026 Aug 1, 2026$1,877M7.1%
Q1 FY26May 2, 2026 May 2, 2026$781M3.1%
Q4 FY25dJan 31, 2026 Jan 31, 2026$1,046M3.4%
Q3 FY25Nov 1, 2025 Nov 1, 2025$689M2.7%
Q2 FY25Aug 2, 2025 Aug 2, 2025$935M3.7%
Q1 FY25May 3, 2025 May 3, 2025$1,036M4.3%
Q4 FY24dFeb 1, 2025 Feb 1, 2025$1,103M3.6%
Q3 FY24Nov 2, 2024 Nov 2, 2024$854M3.3%
Q2 FY24Aug 3, 2024 Aug 3, 2024$1,192M4.7%
Q1 FY24May 4, 2024 May 4, 2024$942M3.8%
Q4 FY23d14wFeb 3, 2024 Feb 3, 2024$1,382M4.3%
Q3 FY23Oct 28, 2023 Oct 28, 2023$971M3.8%
Show all 72 quarters (back to Q2 FY08)
Target quarterly net income: Q2 FY23 back to Q2 FY08
QuarterEndedNet incomeNet margin
Q2 FY23Jul 29, 2023 Jul 29, 2023$835M3.4%
Q1 FY23Apr 29, 2023 Apr 29, 2023$950M3.8%
Q4 FY22dJan 28, 2023 Jan 28, 2023$876M2.8%
Q3 FY22Oct 29, 2022 Oct 29, 2022$712M2.7%
Q2 FY22Jul 30, 2022 Jul 30, 2022$183M0.7%
Q1 FY22Apr 30, 2022 Apr 30, 2022$1,009M4.0%
Q4 FY21dJan 29, 2022 Jan 29, 2022$1,544M5.0%
Q3 FY21Oct 30, 2021 Oct 30, 2021$1,488M5.8%
Q2 FY21Jul 31, 2021 Jul 31, 2021$1,817M7.2%
Q1 FY21May 1, 2021 May 1, 2021$2,097M8.7%
Q4 FY20dJan 30, 2021 Jan 30, 2021$1,380M4.9%
Q3 FY20Oct 31, 2020 Oct 31, 2020$1,014M4.5%
Q2 FY20Aug 1, 2020 Aug 1, 2020$1,690M7.4%
Q1 FY20May 2, 2020 May 2, 2020$284M1.4%
Q4 FY19Feb 1, 2020 Feb 1, 2020$833M (income from continuing operations)3.6% (margin on income from continuing operations)
Q3 FY19Nov 2, 2019 Nov 2, 2019$706M (income from continuing operations)3.8% (margin on income from continuing operations)
Q2 FY19Aug 3, 2019 Aug 3, 2019$938M5.1%
Q1 FY19May 4, 2019 May 4, 2019$792M (income from continuing operations)4.5% (margin on income from continuing operations)
Q4 FY18Feb 2, 2019 Feb 2, 2019$798M (income from continuing operations)3.5% (margin on income from continuing operations)
Q3 FY18Nov 3, 2018 Nov 3, 2018$616M (income from continuing operations)3.5% (margin on income from continuing operations)
Q2 FY18Aug 4, 2018 Aug 4, 2018$799M4.5%
Q1 FY18May 5, 2018 May 5, 2018$717M (income from continuing operations)4.3% (margin on income from continuing operations)
Q4 FY1714wFeb 3, 2018 Feb 3, 2018$1,088M (income from continuing operations)4.7% (margin on income from continuing operations)
Q3 FY17Oct 28, 2017 Oct 28, 2017$476M (income from continuing operations)2.8% (margin on income from continuing operations)
Q2 FY17Jul 29, 2017 Jul 29, 2017$670M (income from continuing operations)4.0% (margin on income from continuing operations)
Q1 FY17Apr 29, 2017 Apr 29, 2017$675M (income from continuing operations)4.2% (margin on income from continuing operations)
Q4 FY16Jan 28, 2017 Jan 28, 2017$821M (income from continuing operations)4.0% (margin on income from continuing operations)
Q3 FY16Oct 29, 2016 Oct 29, 2016$608M3.7%
Q2 FY16Jul 30, 2016 Jul 30, 2016$625M (income from continuing operations)3.9% (margin on income from continuing operations)
Q1 FY16Apr 30, 2016 Apr 30, 2016$614M (income from continuing operations)3.8% (margin on income from continuing operations)
Q4 FY15Jan 30, 2016 Jan 30, 2016$1,421M (income from continuing operations)6.6% (margin on income from continuing operations)
Q3 FY15Oct 31, 2015 Oct 31, 2015$476M (income from continuing operations)2.7% (margin on income from continuing operations)
Q2 FY15Aug 1, 2015 Aug 1, 2015$773M (income from continuing operations)4.4% (margin on income from continuing operations)
Q1 FY15May 2, 2015 May 2, 2015$651M (income from continuing operations)3.8% (margin on income from continuing operations)
Q4 FY14Jan 31, 2015 Jan 31, 2015$960M (income from continuing operations)4.4% (margin on income from continuing operations)
Q3 FY14Nov 1, 2014 Nov 1, 2014$526M (income from continuing operations)3.0% (margin on income from continuing operations)
Q2 FY14Aug 2, 2014 Aug 2, 2014$391M (income from continuing operations)2.3% (margin on income from continuing operations)
Q1 FY14May 3, 2014 May 3, 2014$571M (income from continuing operations)3.4% (margin on income from continuing operations)
Q4 FY13Feb 1, 2014 Feb 1, 2014$520M2.4%
Q3 FY13Nov 2, 2013 Nov 2, 2013$523M (income from continuing operations)3.1% (margin on income from continuing operations)
Q2 FY13Aug 3, 2013 Aug 3, 2013$746M (income from continuing operations)4.4% (margin on income from continuing operations)
Q1 FY13May 4, 2013 May 4, 2013$645M (income from continuing operations)3.9% (margin on income from continuing operations)
Q4 FY1214wFeb 2, 2013 Feb 2, 2013$961M4.2%
Q3 FY12Oct 27, 2012 Oct 27, 2012$637M3.8%
Q2 FY12Jul 28, 2012 Jul 28, 2012$704M4.2%
Q1 FY12Apr 28, 2012 Apr 28, 2012$697M4.1%
Q4 FY11Jan 28, 2012 Jan 28, 2012$981M4.6%
Q3 FY11Oct 29, 2011 Oct 29, 2011$555M3.4%
Q2 FY11Jul 30, 2011 Jul 30, 2011$704M4.3%
Q1 FY11Apr 30, 2011 Apr 30, 2011$689M4.3%
Q4 FY10Jan 29, 2011 Jan 29, 2011$1,035M5.0%
Q3 FY10Oct 30, 2010 Oct 30, 2010$535M3.4%
Q2 FY10Jul 31, 2010 Jul 31, 2010$679M4.4%
Q1 FY10May 1, 2010 May 1, 2010$671M4.3%
Q4 FY09Jan 30, 2010 Jan 30, 2010$936M4.6%
Q3 FY09Oct 31, 2009 Oct 31, 2009$436M2.9%
Q2 FY09Aug 1, 2009 Aug 1, 2009$594M3.9%
Q1 FY09May 2, 2009 May 2, 2009$522M3.5%
Q3 FY08Nov 1, 2008 Nov 1, 2008$369M2.4%
Q2 FY08Aug 2, 2008 Aug 2, 2008$634M4.1%

c = income from continuing operations (24 quarters): the filing that gives the quarter's revenue also reports a discontinued business, so profit is shown on the same basis as revenue, not as net income.

Diluted EPS chart and table

Diluted EPS: $4.11 in Q2 FY26

Target diluted EPS chart, Q2 FY08 to Q2 FY26

Latest-filed value for each quarter, as reported by the company. Fourth-quarter EPS is shown only when printed in a filing.

Target diluted EPS chart, Q2 FY08 to Q2 FY26Diluted EPS was $4.11 in Q2 FY26. For 18 quarters the bars show diluted EPS from continuing operations. EPS before and after a share-basis change is not comparable. Every quarter is in the table below. $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $4.11 Q2 FY26 FY10 FY15 FY20 FY25 Target diluted EPS chart, Q2 FY08 to Q2 FY26Diluted EPS was $4.11 in Q2 FY26. For 18 quarters the bars show diluted EPS from continuing operations. EPS before and after a share-basis change is not comparable. Every quarter is in the table below. $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $4.11 Q2 FY26 FY10 FY20
  • Diluted EPS; from continuing operations in 18 quarters (c in the table)
Target diluted EPS by quarter: latest 12 of 72 quarters
QuarterEndedDiluted EPS
Q2 FY26Aug 1, 2026 Aug 1, 2026$4.11
Q1 FY26May 2, 2026 May 2, 2026$1.71
Q4 FY25dJan 31, 2026 Jan 31, 2026n/a (not printed in a filing; never derived)
Q3 FY25Nov 1, 2025 Nov 1, 2025$1.51
Q2 FY25Aug 2, 2025 Aug 2, 2025$2.05
Q1 FY25May 3, 2025 May 3, 2025$2.27
Q4 FY24dFeb 1, 2025 Feb 1, 2025n/a (not printed in a filing; never derived)
Q3 FY24Nov 2, 2024 Nov 2, 2024$1.85
Q2 FY24Aug 3, 2024 Aug 3, 2024$2.57
Q1 FY24May 4, 2024 May 4, 2024$2.03
Q4 FY23d14wFeb 3, 2024 Feb 3, 2024n/a (not printed in a filing; never derived)
Q3 FY23Oct 28, 2023 Oct 28, 2023$2.10
Show all 72 quarters (back to Q2 FY08)
Target diluted EPS by quarter: Q2 FY23 back to Q2 FY08
QuarterEndedDiluted EPS
Q2 FY23Jul 29, 2023 Jul 29, 2023$1.80
Q1 FY23Apr 29, 2023 Apr 29, 2023$2.05
Q4 FY22dJan 28, 2023 Jan 28, 2023n/a (not printed in a filing; never derived)
Q3 FY22Oct 29, 2022 Oct 29, 2022$1.54
Q2 FY22Jul 30, 2022 Jul 30, 2022$0.39
Q1 FY22Apr 30, 2022 Apr 30, 2022$2.16
Q4 FY21dJan 29, 2022 Jan 29, 2022n/a (not printed in a filing; never derived)
Q3 FY21Oct 30, 2021 Oct 30, 2021$3.04
Q2 FY21Jul 31, 2021 Jul 31, 2021$3.65
Q1 FY21May 1, 2021 May 1, 2021$4.17
Q4 FY20dJan 30, 2021 Jan 30, 2021n/a (not printed in a filing; never derived)
Q3 FY20Oct 31, 2020 Oct 31, 2020$2.01
Q2 FY20Aug 1, 2020 Aug 1, 2020$3.35
Q1 FY20May 2, 2020 May 2, 2020$0.56
Q4 FY19Feb 1, 2020 Feb 1, 2020n/a (not printed in a filing; never derived)
Q3 FY19Nov 2, 2019 Nov 2, 2019$1.37 (EPS from continuing operations)
Q2 FY19Aug 3, 2019 Aug 3, 2019$1.82
Q1 FY19May 4, 2019 May 4, 2019$1.53 (EPS from continuing operations)
Q4 FY18Feb 2, 2019 Feb 2, 2019n/a (not printed in a filing; never derived)
Q3 FY18Nov 3, 2018 Nov 3, 2018$1.16 (EPS from continuing operations)
Q2 FY18Aug 4, 2018 Aug 4, 2018$1.49
Q1 FY18May 5, 2018 May 5, 2018$1.33 (EPS from continuing operations)
Q4 FY1714wFeb 3, 2018 Feb 3, 2018n/a (not printed in a filing; never derived)
Q3 FY17Oct 28, 2017 Oct 28, 2017$0.87 (EPS from continuing operations)
Q2 FY17Jul 29, 2017 Jul 29, 2017$1.21 (EPS from continuing operations)
Q1 FY17Apr 29, 2017 Apr 29, 2017$1.21 (EPS from continuing operations)
Q4 FY16Jan 28, 2017 Jan 28, 2017n/a (not printed in a filing; never derived)
Q3 FY16Oct 29, 2016 Oct 29, 2016$1.06
Q2 FY16Jul 30, 2016 Jul 30, 2016$1.07 (EPS from continuing operations)
Q1 FY16Apr 30, 2016 Apr 30, 2016$1.02 (EPS from continuing operations)
Q4 FY15Jan 30, 2016 Jan 30, 2016n/a (not printed in a filing; never derived)
Q3 FY15Oct 31, 2015 Oct 31, 2015$0.76 (EPS from continuing operations)
Q2 FY15Aug 1, 2015 Aug 1, 2015$1.21 (EPS from continuing operations)
Q1 FY15May 2, 2015 May 2, 2015$1.01 (EPS from continuing operations)
Q4 FY14Jan 31, 2015 Jan 31, 2015n/a (not printed in a filing; never derived)
Q3 FY14Nov 1, 2014 Nov 1, 2014$0.82 (EPS from continuing operations)
Q2 FY14Aug 2, 2014 Aug 2, 2014$0.61 (EPS from continuing operations)
Q1 FY14May 3, 2014 May 3, 2014$0.89 (EPS from continuing operations)
Q4 FY13Feb 1, 2014 Feb 1, 2014n/a (not printed in a filing; never derived)
Q3 FY13Nov 2, 2013 Nov 2, 2013$0.82 (EPS from continuing operations)
Q2 FY13Aug 3, 2013 Aug 3, 2013$1.16 (EPS from continuing operations)
Q1 FY13May 4, 2013 May 4, 2013$0.99 (EPS from continuing operations)
Q4 FY1214wFeb 2, 2013 Feb 2, 2013n/a (not printed in a filing; never derived)
Q3 FY12Oct 27, 2012 Oct 27, 2012$0.96
Q2 FY12Jul 28, 2012 Jul 28, 2012$1.06
Q1 FY12Apr 28, 2012 Apr 28, 2012$1.04
Q4 FY11Jan 28, 2012 Jan 28, 2012n/a (not printed in a filing; never derived)
Q3 FY11Oct 29, 2011 Oct 29, 2011$0.82
Q2 FY11Jul 30, 2011 Jul 30, 2011$1.03
Q1 FY11Apr 30, 2011 Apr 30, 2011$0.99
Q4 FY10Jan 29, 2011 Jan 29, 2011n/a (not printed in a filing; never derived)
Q3 FY10Oct 30, 2010 Oct 30, 2010$0.74
Q2 FY10Jul 31, 2010 Jul 31, 2010$0.92
Q1 FY10May 1, 2010 May 1, 2010$0.90
Q4 FY09Jan 30, 2010 Jan 30, 2010n/a (not printed in a filing; never derived)
Q3 FY09Oct 31, 2009 Oct 31, 2009$0.58
Q2 FY09Aug 1, 2009 Aug 1, 2009$0.79
Q1 FY09May 2, 2009 May 2, 2009$0.69
Q3 FY08Nov 1, 2008 Nov 1, 2008$0.49
Q2 FY08Aug 2, 2008 Aug 2, 2008$0.82

c = diluted EPS from continuing operations (18 quarters): the filing that gives the quarter's revenue also reports a discontinued business, so profit is shown on the same basis as revenue, not as net income.

17 of 72 quarters have no diluted EPS value, shown as n/a (fourth-quarter EPS not printed in a quarterly filing: 17).

Net margin chart and table

Net margin ranged from 0.7% (Q2 FY22) to 8.7% (Q1 FY21)

Target quarterly net margin chart, Q2 FY08 to Q2 FY26

Net income as a share of revenue; bars from zero. For 24 quarters (c in the table) it is income from continuing operations, on the same basis as revenue.

Target quarterly net margin chart, Q2 FY08 to Q2 FY26Net margin was 7.1% in Q2 FY26, ranging from 0.7% in Q2 FY22 to 8.7% in Q1 FY21. Every quarter is in the table below. 0% 2% 4% 6% 8% 10% 7.1% Q2 FY26 FY10 FY15 FY20 FY25 Target quarterly net margin chart, Q2 FY08 to Q2 FY26Net margin was 7.1% in Q2 FY26, ranging from 0.7% in Q2 FY22 to 8.7% in Q1 FY21. Every quarter is in the table below. 0% 2% 4% 6% 8% 10% 7.1% Q2 FY26 FY10 FY20
Target quarterly net margin: latest 12 of 72 quarters
QuarterEndedNet marginRevenueNet income
Q2 FY26Aug 1, 2026 Aug 1, 20267.1%$26,539M$1,877M
Q1 FY26May 2, 2026 May 2, 20263.1%$25,443M$781M
Q4 FY25dJan 31, 2026 Jan 31, 20263.4%$30,453M$1,046M
Q3 FY25Nov 1, 2025 Nov 1, 20252.7%$25,270M$689M
Q2 FY25Aug 2, 2025 Aug 2, 20253.7%$25,211M$935M
Q1 FY25May 3, 2025 May 3, 20254.3%$23,846M$1,036M
Q4 FY24dFeb 1, 2025 Feb 1, 20253.6%$30,915M$1,103M
Q3 FY24Nov 2, 2024 Nov 2, 20243.3%$25,668M$854M
Q2 FY24Aug 3, 2024 Aug 3, 20244.7%$25,452M$1,192M
Q1 FY24May 4, 2024 May 4, 20243.8%$24,531M$942M
Q4 FY23d14wFeb 3, 2024 Feb 3, 20244.3%$31,919M$1,382M
Q3 FY23Oct 28, 2023 Oct 28, 20233.8%$25,398M$971M
Show all 72 quarters (back to Q2 FY08)
Target quarterly net margin: Q2 FY23 back to Q2 FY08
QuarterEndedNet marginRevenueNet income
Q2 FY23Jul 29, 2023 Jul 29, 20233.4%$24,773M$835M
Q1 FY23Apr 29, 2023 Apr 29, 20233.8%$25,322M$950M
Q4 FY22dJan 28, 2023 Jan 28, 20232.8%$31,395M$876M
Q3 FY22Oct 29, 2022 Oct 29, 20222.7%$26,518M$712M
Q2 FY22Jul 30, 2022 Jul 30, 20220.7%$26,037M$183M
Q1 FY22Apr 30, 2022 Apr 30, 20224.0%$25,170M$1,009M
Q4 FY21dJan 29, 2022 Jan 29, 20225.0%$30,996M$1,544M
Q3 FY21Oct 30, 2021 Oct 30, 20215.8%$25,652M$1,488M
Q2 FY21Jul 31, 2021 Jul 31, 20217.2%$25,160M$1,817M
Q1 FY21May 1, 2021 May 1, 20218.7%$24,197M$2,097M
Q4 FY20dJan 30, 2021 Jan 30, 20214.9%$28,339M$1,380M
Q3 FY20Oct 31, 2020 Oct 31, 20204.5%$22,632M$1,014M
Q2 FY20Aug 1, 2020 Aug 1, 20207.4%$22,975M$1,690M
Q1 FY20May 2, 2020 May 2, 20201.4%$19,615M$284M
Q4 FY19Feb 1, 2020 Feb 1, 20203.6% (margin on income from continuing operations)$23,398M$833M (income from continuing operations)
Q3 FY19Nov 2, 2019 Nov 2, 20193.8% (margin on income from continuing operations)$18,665M$706M (income from continuing operations)
Q2 FY19Aug 3, 2019 Aug 3, 20195.1%$18,422M$938M
Q1 FY19May 4, 2019 May 4, 20194.5% (margin on income from continuing operations)$17,627M$792M (income from continuing operations)
Q4 FY18Feb 2, 2019 Feb 2, 20193.5% (margin on income from continuing operations)$22,977M$798M (income from continuing operations)
Q3 FY18Nov 3, 2018 Nov 3, 20183.5% (margin on income from continuing operations)$17,821M$616M (income from continuing operations)
Q2 FY18Aug 4, 2018 Aug 4, 20184.5%$17,776M$799M
Q1 FY18May 5, 2018 May 5, 20184.3% (margin on income from continuing operations)$16,781M$717M (income from continuing operations)
Q4 FY1714wFeb 3, 2018 Feb 3, 20184.7% (margin on income from continuing operations)$22,983M$1,088M (income from continuing operations)
Q3 FY17Oct 28, 2017 Oct 28, 20172.8% (margin on income from continuing operations)$16,874M$476M (income from continuing operations)
Q2 FY17Jul 29, 2017 Jul 29, 20174.0% (margin on income from continuing operations)$16,634M$670M (income from continuing operations)
Q1 FY17Apr 29, 2017 Apr 29, 20174.2% (margin on income from continuing operations)$16,223M$675M (income from continuing operations)
Q4 FY16Jan 28, 2017 Jan 28, 20174.0% (margin on income from continuing operations)$20,690M$821M (income from continuing operations)
Q3 FY16Oct 29, 2016 Oct 29, 20163.7%$16,441M$608M
Q2 FY16Jul 30, 2016 Jul 30, 20163.9% (margin on income from continuing operations)$16,169M$625M (income from continuing operations)
Q1 FY16Apr 30, 2016 Apr 30, 20163.8% (margin on income from continuing operations)$16,196M$614M (income from continuing operations)
Q4 FY15Jan 30, 2016 Jan 30, 20166.6% (margin on income from continuing operations)$21,626M$1,421M (income from continuing operations)
Q3 FY15Oct 31, 2015 Oct 31, 20152.7% (margin on income from continuing operations)$17,613M$476M (income from continuing operations)
Q2 FY15Aug 1, 2015 Aug 1, 20154.4% (margin on income from continuing operations)$17,427M$773M (income from continuing operations)
Q1 FY15May 2, 2015 May 2, 20153.8% (margin on income from continuing operations)$17,119M$651M (income from continuing operations)
Q4 FY14Jan 31, 2015 Jan 31, 20154.4% (margin on income from continuing operations)$21,751M$960M (income from continuing operations)
Q3 FY14Nov 1, 2014 Nov 1, 20143.0% (margin on income from continuing operations)$17,254M$526M (income from continuing operations)
Q2 FY14Aug 2, 2014 Aug 2, 20142.3% (margin on income from continuing operations)$16,957M$391M (income from continuing operations)
Q1 FY14May 3, 2014 May 3, 20143.4% (margin on income from continuing operations)$16,657M$571M (income from continuing operations)
Q4 FY13Feb 1, 2014 Feb 1, 20142.4%$21,516M$520M
Q3 FY13Nov 2, 2013 Nov 2, 20133.1% (margin on income from continuing operations)$16,925M$523M (income from continuing operations)
Q2 FY13Aug 3, 2013 Aug 3, 20134.4% (margin on income from continuing operations)$16,841M$746M (income from continuing operations)
Q1 FY13May 4, 2013 May 4, 20133.9% (margin on income from continuing operations)$16,620M$645M (income from continuing operations)
Q4 FY1214wFeb 2, 2013 Feb 2, 20134.2%$22,726M$961M
Q3 FY12Oct 27, 2012 Oct 27, 20123.8%$16,929M$637M
Q2 FY12Jul 28, 2012 Jul 28, 20124.2%$16,779M$704M
Q1 FY12Apr 28, 2012 Apr 28, 20124.1%$16,867M$697M
Q4 FY11Jan 28, 2012 Jan 28, 20124.6%$21,288M$981M
Q3 FY11Oct 29, 2011 Oct 29, 20113.4%$16,402M$555M
Q2 FY11Jul 30, 2011 Jul 30, 20114.3%$16,240M$704M
Q1 FY11Apr 30, 2011 Apr 30, 20114.3%$15,935M$689M
Q4 FY10Jan 29, 2011 Jan 29, 20115.0%$20,661M$1,035M
Q3 FY10Oct 30, 2010 Oct 30, 20103.4%$15,605M$535M
Q2 FY10Jul 31, 2010 Jul 31, 20104.4%$15,532M$679M
Q1 FY10May 1, 2010 May 1, 20104.3%$15,593M$671M
Q4 FY09Jan 30, 2010 Jan 30, 20104.6%$20,181M$936M
Q3 FY09Oct 31, 2009 Oct 31, 20092.9%$15,276M$436M
Q2 FY09Aug 1, 2009 Aug 1, 20093.9%$15,067M$594M
Q1 FY09May 2, 2009 May 2, 20093.5%$14,833M$522M
Q3 FY08Nov 1, 2008 Nov 1, 20082.4%$15,114M$369M
Q2 FY08Aug 2, 2008 Aug 2, 20084.1%$15,472M$634M

c = margin on income from continuing operations (24 quarters): the filing that gives the quarter's revenue also reports a discontinued business, so profit is shown on the same basis as revenue, not as net income.

Annual totals from each 10-K

Annual revenue: $72,714M in fiscal 2017, $104,780M in fiscal 2025

Target fiscal years, from each annual report (10-K). Trailing four quarters to Q2 FY26: revenue $107.7B, net income $4.4B.
Fiscal yearEndedRevenueNet incomeDiluted EPS
FY2025Jan 31, 2026 $104,780M $3,705M$8.13
FY2024Feb 1, 2025 $106,566M $4,091M$8.86
FY2023Feb 3, 2024 $107,412M $4,138M$8.94
FY2022Jan 28, 2023 $109,120M $2,780M$5.98
FY2021Jan 29, 2022 $106,005M $6,946M$14.10
FY2020Jan 30, 2021 $93,561M $4,368M$8.64
FY2019Feb 1, 2020 $78,112M $3,269M (income from continuing operations)$6.34 (EPS from continuing operations)
FY2018Feb 2, 2019 $75,356M $2,930M (income from continuing operations)$5.50 (EPS from continuing operations)
FY2017Feb 3, 2018 $72,714M $2,908M (income from continuing operations)$5.29 (EPS from continuing operations)
FY2016Jan 28, 2017 $70,271M $2,666M (income from continuing operations)$4.58 (EPS from continuing operations)
FY2015Jan 30, 2016 $73,785M $3,321M (income from continuing operations)$5.25 (EPS from continuing operations)
FY2014Jan 31, 2015 $72,618M $2,449M (income from continuing operations)$3.83 (EPS from continuing operations)
FY2013Feb 1, 2014 $71,279M $2,694M (income from continuing operations)$4.20 (EPS from continuing operations)
FY2012Feb 2, 2013 $73,301M $3,315M (income from continuing operations)$5.00 (EPS from continuing operations)
FY2011Jan 28, 2012 $69,865M $2,929M$4.28
FY2010Jan 29, 2011 $67,390M $2,920M$4.00
FY2009Jan 30, 2010 $65,357M $2,488M$3.30
FY2008Jan 31, 2009 $64,948M $2,214M$2.86
FY2007Feb 2, 2008 $63,367M $2,849M$3.33

c = from continuing operations (8 fiscal years): the 10-K that gives the year's revenue also reports a discontinued business, so income and EPS are shown on the same basis as revenue.

Bottom line

In Q2 FY26, the newest of 72 quarters on record, Target reported revenue of $26,539M, +5.3% on a year earlier. The revenue record for the comparable run that starts in Q1 FY17 remains Q4 FY23 at $31.9B.

Questions

What does the TGT earnings history cover?

It covers 72 reported quarters of Target, from Q2 FY08 to Q2 FY26: revenue, profit (net income or, in some periods, income from continuing operations), diluted EPS and margin for each, plus annual totals for fiscal 2007 through 2025. 38 of them form the like-for-like run used for records and streaks; the other 34 stay in the table but sit outside it because the company restated its figures on a new basis.

What was TGT's earnings per share in the latest quarter?

Diluted EPS for Q2 FY26 was $4.11, a GAAP figure, on net income of $1,877M. For fiscal 2025 as a whole, diluted EPS was $8.13.

Where can I find the TGT earnings report?

Quarter rows in the TGT table link to their own pages when one exists, and every figure on those pages links to the filing it came from. The newest Target quarter, Q2 FY26, is shown in the table only, without a separate page.

When were the past TGT earnings releases?

The latest was accepted on Aug 19, 2026 7:51 AM ET for Q2 FY26; the one before it on May 20, 2026 7:57 AM ET for Q1 FY26. Only past filings are listed; no future dates are shown. The release before those two came on Feb 11, 2026 6:30 AM ET.

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Sources and method

Source: company filings on SEC EDGAR (10-Q, 10-K and Form 8-K); every figure in the tables carries the accession number of its filing. The newest rows come from:

  1. 10-Q filed Aug 28, 2026, accession 0000027419-26-000042
  2. 10-K filed Mar 11, 2026, accession 0000027419-26-000016

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Method: records and streaks use only the unbroken like-for-like run of quarters.

Year-over-year change is calculated for 13-week quarters only; restated periods use the latest-filed value.

How we calculate