Target Corporation (TGT)

Target Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	107,412	109,120	106,005	93,561	78,112
Revenue Growth (YoY)	-1.57%	2.94%	13.30%	19.78%	3.66%
Cost of Revenue	77,736	82,229	74,963	66,177	54,864
Gross Profit	29,676	26,891	31,042	27,384	23,248
Selling, General & Admin	21,554	20,658	19,752	18,615	16,233
Other Operating Expenses	2,415	2,385	2,344	2,230	2,357
Operating Expenses	23,969	23,043	22,096	20,845	18,590
Operating Income	5,707	3,848	8,946	6,539	4,658
Interest Expense / Income	502	478	421	977	477
Other Expense / Income	-92	-48	-382	16	-21
Pretax Income	5,297	3,418	8,907	5,546	4,202
Income Tax	1,159	638	1,961	1,178	921
Net Income	4,138	2,780	6,946	4,368	3,281
Net Income Growth	48.85%	-59.98%	59.02%	33.13%	11.71%
Shares Outstanding (Basic)	462	462	488	501	511
Shares Outstanding (Diluted)	463	465	493	505	516
Shares Change	-0.41%	-5.68%	-2.51%	-1.98%	-3.30%
EPS (Basic)	8.96	6.02	14.23	8.72	6.42
EPS (Diluted)	8.94	5.98	14.10	8.64	6.36
EPS Growth	49.50%	-57.59%	63.19%	35.85%	15.43%
Free Cash Flow	3,839	-1,502	5,108	7,918	4,153
Free Cash Flow Per Share	8.32	-3.25	10.46	15.82	8.13
Dividend Per Share	4.360	5.040	3.160	2.680	2.600
Dividend Growth	-13.49%	59.49%	17.91%	3.08%	3.17%
Gross Margin	27.63%	24.64%	29.28%	29.27%	29.76%
Operating Margin	5.31%	3.53%	8.44%	6.99%	5.96%
Profit Margin	3.85%	2.55%	6.55%	4.67%	4.20%
Free Cash Flow Margin	3.57%	-1.38%	4.82%	8.46%	5.32%
Effective Tax Rate	21.88%	18.67%	22.02%	21.24%	21.92%
EBITDA	8,600	6,596	11,970	9,008	7,283
EBITDA Margin	8.01%	6.04%	11.29%	9.63%	9.32%
Depreciation & Amortization	2,801	2,700	2,642	2,485	2,604
EBIT	5,799	3,896	9,328	6,523	4,679
EBIT Margin	5.40%	3.57%	8.80%	6.97%	5.99%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).