Target Corporation (TGT)

Target Income Statement

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov 2, 2024	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Operating Revenue	105,859	105,803	107,588	104,611	92,400	77,130
Other Revenue	1,711	1,609	1,532	1,394	1,161	982
Revenue	107,570	107,412	109,120	106,005	93,561	78,112
Revenue Growth (YoY)	0.64%	-1.57%	2.94%	13.30%	19.78%	3.66%
Cost of Revenue	77,026	77,736	82,229	74,963	66,177	54,864
Gross Profit	30,544	29,676	26,891	31,042	27,384	23,248
Selling, General & Admin	21,930	21,361	20,546	19,636	18,546	16,163
Operating Expenses	24,435	23,776	22,931	21,980	20,776	18,520
Operating Income	6,109	5,900	3,960	9,062	6,608	4,728
Interest Expense	-428	-502	-478	-421	-465	-467
Other Non Operating Income (Expenses)	1	1	2	18	-23	-38
EBT Excluding Unusual Items	5,682	5,399	3,484	8,659	6,120	4,223
Gain (Loss) on Sale of Assets	-	-	-	335	-	-
Asset Writedown	-41	-102	-66	-87	-62	-23
Other Unusual Items	-	-	-	-	-512	-10
Pretax Income	5,641	5,297	3,418	8,907	5,546	4,190
Income Tax Expense	1,271	1,159	638	1,961	1,178	921
Earnings From Continuing Operations	4,370	4,138	2,780	6,946	4,368	3,269
Earnings From Discontinued Operations	-	-	-	-	-	12
Net Income	4,370	4,138	2,780	6,946	4,368	3,281
Net Income to Common	4,370	4,138	2,780	6,946	4,368	3,281
Net Income Growth	20.32%	48.85%	-59.98%	59.02%	33.13%	11.71%
Shares Outstanding (Basic)	462	462	462	488	501	511
Shares Outstanding (Diluted)	463	463	465	493	505	516
Shares Change (YoY)	0.04%	-0.41%	-5.68%	-2.51%	-1.98%	-3.30%
EPS (Basic)	9.47	8.97	6.02	14.23	8.73	6.42
EPS (Diluted)	9.43	8.94	5.98	14.10	8.64	6.36
EPS Growth	20.09%	49.50%	-57.59%	63.19%	35.78%	15.42%
Free Cash Flow	4,545	3,815	-1,510	5,081	7,876	4,090
Free Cash Flow Per Share	9.82	8.24	-3.25	10.31	15.58	7.93
Dividend Per Share	4.420	4.360	3.960	3.160	2.680	2.600
Dividend Growth	1.84%	10.10%	25.32%	17.91%	3.08%	3.17%
Gross Margin	28.39%	27.63%	24.64%	29.28%	29.27%	29.76%
Operating Margin	5.68%	5.49%	3.63%	8.55%	7.06%	6.05%
Profit Margin	4.06%	3.85%	2.55%	6.55%	4.67%	4.20%
Free Cash Flow Margin	4.23%	3.55%	-1.38%	4.79%	8.42%	5.24%
EBITDA	9,053	8,701	6,660	11,704	9,093	7,332
EBITDA Margin	8.42%	8.10%	6.10%	11.04%	9.72%	9.39%
D&A For EBITDA	2,944	2,801	2,700	2,642	2,485	2,604
EBIT	6,109	5,900	3,960	9,062	6,608	4,728
EBIT Margin	5.68%	5.49%	3.63%	8.55%	7.06%	6.05%
Effective Tax Rate	22.53%	21.88%	18.67%	22.02%	21.24%	21.98%
Revenue as Reported	107,570	107,412	109,120	106,005	93,561	78,112
Advertising Expenses	-	1,400	1,500	1,500	1,500	1,600

Source: S&P Capital IQ. Standard template. Financial Sources.