Target Income Statement

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

Millions USD. Fiscal year is Mar - Feb.

Quarter Ended	2024-02-03	2023-10-28	2023-07-29	2023-04-29	2023-01-28	2022-10-29	2022-07-30	2022-04-30	2022-01-29	2021-10-30	2021-07-31	2021-05-01	2021-01-30	2020-10-31	2020-08-01	2020-05-02	2020-02-01	2019-11-02	2019-08-03	2019-05-04	2019-02-02	2018-11-03	2018-08-04	2018-05-05	2018-02-03	2017-10-28	2017-07-29	2017-04-29	2017-01-28	2016-10-29	2016-07-30	2016-04-30	2016-01-30	2015-10-31	2015-08-01	2015-05-02	2015-01-31	2014-11-01	2014-08-02	2014-05-03	+85 Quarters
Revenue	31,919	25,398	24,773	25,322	31,395	26,518	26,037	25,170	30,996	25,652	25,160	24,197	28,339	22,632	22,975	19,615	23,399	18,665	18,422	17,627	22,977	17,821	17,776	16,781	22,983	16,874	16,634	16,223	21,466	16,441	16,169	16,196	21,626	17,613	17,427	17,119	21,750	17,254	16,957	16,657	Upgrade
Revenue Growth (YoY)	1.67%	-4.22%	-4.85%	0.60%	1.29%	3.38%	3.49%	4.02%	9.38%	13.34%	9.51%	23.36%	21.11%	21.25%	24.72%	11.28%	1.84%	4.74%	3.63%	5.04%	-0.03%	5.61%	6.87%	3.44%	7.07%	2.63%	2.88%	0.17%	-0.74%	-6.65%	-7.22%	-5.39%	-0.57%	2.08%	2.77%	2.77%	7.68%	-0.02%	-0.93%	-0.29%	Upgrade
Cost of Revenue	23,403	18,149	17,798	18,386	23,946	19,680	20,142	18,461	22,761	18,206	17,280	16,716	20,485	15,509	15,673	14,510	17,056	12,935	12,625	12,248	16,899	12,535	12,239	11,625	16,795	11,712	11,419	11,199	15,188	11,536	11,172	11,185	15,839	12,440	12,051	11,911	15,562	12,171	11,798	11,748	Upgrade
Gross Profit	8,516	7,249	6,975	6,936	7,449	6,838	5,895	6,709	8,235	7,446	7,880	7,481	7,854	7,123	7,302	5,105	6,343	5,730	5,797	5,379	6,078	5,286	5,537	5,156	6,188	5,162	5,215	5,024	6,278	4,905	4,997	5,011	5,787	5,173	5,376	5,208	6,188	5,083	5,159	4,909	Upgrade
Selling, General & Admin	6,029	5,316	5,184	5,025	5,675	5,219	5,002	4,762	5,535	4,859	4,849	4,509	5,448	4,647	4,460	4,060	4,505	4,153	3,912	3,663	4,376	3,937	3,865	3,545	4,454	3,733	3,601	3,353	4,476	3,339	3,249	3,153	3,920	3,736	3,495	3,514	4,057	3,644	3,599	3,376	Upgrade
Other Operating Expenses	622	616	594	583	615	597	572	601	605	577	564	598	570	541	542	577	640	575	561	581	585	530	539	570	605	582	521	516	559	505	500	546	318	561	551	540	545	535	537	511	Upgrade
Operating Expenses	6,651	5,932	5,778	5,608	6,290	5,816	5,574	5,363	6,140	5,436	5,413	5,107	6,018	5,188	5,002	4,637	5,145	4,728	4,473	4,244	4,961	4,467	4,404	4,115	5,059	4,315	4,122	3,869	5,035	3,844	3,749	3,699	4,238	4,297	4,046	4,054	4,602	4,179	4,136	3,887	Upgrade
Operating Income	1,865	1,317	1,197	1,328	1,159	1,022	321	1,346	2,095	2,010	2,467	2,374	1,836	1,935	2,300	468	1,198	1,002	1,324	1,135	1,117	819	1,133	1,041	1,129	847	1,093	1,155	1,243	1,061	1,248	1,312	1,549	876	1,330	1,154	1,586	904	1,023	1,022	Upgrade
Interest Expense / Income	107	107	141	147	129	125	112	112	104	105	104	108	106	632	122	117	118	113	120	126	109	115	115	121	132	251	131	140	127	142	307	415	152	151	148	155	152	146	433	152	Upgrade
Other Expense / Income	-28	-25	-16	-23	-13	-12	-8	-15	-26	-6	-7	-343	-	5	-11	22	28	-20	-13	-15	-6	-15	-4	-8	-14	-17	-16	-18	-83	-	-55	-18	-625	-73	20	16	3,600	174	157	153	Upgrade
Pretax Income	1,786	1,235	1,072	1,204	1,043	909	217	1,249	2,017	1,911	2,370	2,609	1,730	1,298	2,189	329	1,052	909	1,217	1,024	1,014	719	1,022	928	1,011	613	978	1,033	1,199	919	996	915	2,022	798	1,162	983	-2,166	584	433	717	Upgrade
Income Tax	404	264	237	254	167	197	34	240	473	423	553	512	350	284	499	45	218	195	279	229	216	97	223	210	-76	135	307	355	385	311	316	283	596	249	409	348	474	232	199	299	Upgrade
Net Income	1,382	971	835	950	876	712	183	1,009	1,544	1,488	1,817	2,097	1,380	1,014	1,690	284	834	714	938	795	798	622	799	718	1,087	478	671	678	814	608	680	632	1,426	549	753	635	-2,640	352	234	418	Upgrade
Net Income Growth	57.76%	36.38%	356.28%	-5.85%	-43.26%	-52.15%	-89.93%	-51.88%	11.88%	46.75%	7.51%	638.38%	65.47%	42.02%	80.17%	-64.28%	4.51%	14.79%	17.40%	10.72%	-26.59%	30.13%	19.08%	5.90%	33.54%	-21.38%	-1.32%	7.28%	-42.92%	10.75%	-9.69%	-0.47%	-	55.97%	221.79%	51.91%	-	3.23%	-61.70%	-16.06%	Upgrade
Shares Outstanding (Basic)	462	462	462	461	461	460	462	464	476	485	493	499	501	501	500	501	506	510	512	516	520	526	532	537	541	545	549	552	560	570	582	598	610	624	636	641	638	634	634	633	Upgrade
Shares Outstanding (Diluted)	463	463	463	463	463	463	464	468	480	489	498	503	506	505	504	506	512	515	516	520	524	531	536	541	546	548	552	555	565	575	587	604	616	629	641	646	644	640	638	638	Upgrade
Shares Change	0.04%	0.02%	-0.24%	-1.05%	-3.64%	-5.50%	-6.81%	-7.07%	-5.06%	-3.17%	-1.37%	-0.47%	-1.17%	-1.83%	-2.27%	-2.64%	-2.33%	-3.09%	-3.77%	-3.97%	-3.96%	-3.05%	-2.83%	-2.56%	-3.31%	-4.68%	-5.95%	-8.05%	-8.29%	-8.59%	-8.46%	-6.59%	-4.47%	-1.69%	0.41%	1.28%	0.96%	0.35%	-0.56%	-1.74%	Upgrade
EPS (Basic)	2.99	2.10	1.81	2.06	1.91	1.55	0.40	2.17	3.26	3.07	3.68	4.20	2.75	2.02	3.38	0.57	1.65	1.40	1.83	1.54	1.53	1.18	1.50	1.34	1.99	0.88	1.22	1.23	1.44	1.07	1.17	1.06	2.29	0.88	1.18	0.99	-4.16	0.55	0.37	0.66	Upgrade
EPS (Diluted)	2.98	2.10	1.80	2.05	1.89	1.54	0.39	2.16	3.23	3.04	3.65	4.17	2.73	2.01	3.35	0.56	1.62	1.39	1.82	1.53	1.52	1.17	1.49	1.33	1.98	0.87	1.22	1.22	1.43	1.06	1.16	1.05	2.28	0.87	1.18	0.98	-4.13	0.55	0.37	0.66	Upgrade
EPS Growth	57.67%	36.36%	361.54%	-5.09%	-41.49%	-49.34%	-89.32%	-48.20%	18.32%	51.24%	8.96%	644.64%	68.52%	44.60%	84.07%	-63.40%	6.58%	18.80%	22.15%	15.04%	-23.23%	34.48%	22.13%	9.02%	38.46%	-17.92%	5.17%	16.19%	-37.28%	21.84%	-1.69%	7.14%	-	58.18%	218.92%	48.48%	-	1.85%	-61.05%	-14.29%	Upgrade
Free Cash Flow	2,435	825	917	-338	2,265	-1,201	-222	-2,344	1,971	1,038	1,488	611	2,856	1,350	3,173	539	2,368	357	1,755	-327	1,752	-93	1,192	-309	1,960	728	913	832	2,223	902	853	-35	1,817	565	901	1,265	2,002	95	623	54	Upgrade
Free Cash Flow Per Share	5.27	1.79	1.99	-0.73	4.92	-2.61	-0.48	-5.05	4.14	2.14	3.02	1.23	5.71	2.70	6.34	1.08	4.68	0.70	3.43	-0.63	3.37	-0.18	2.24	-0.58	3.62	1.34	1.66	1.51	3.97	1.58	1.47	-0.06	2.98	0.91	1.42	1.97	3.14	0.15	0.98	0.09	Upgrade
Dividend Per Share	1.100	1.100	1.080	1.080	1.080	2.160	0.900	0.900	0.900	0.900	0.680	0.680	0.680	0.680	0.660	0.660	0.660	0.660	0.640	0.640	0.640	0.640	0.620	0.620	0.620	0.620	0.600	0.600	0.600	0.600	0.560	0.560	0.560	0.560	0.520	0.520	0.520	0.520	0.430	0.430	Upgrade
Dividend Growth	1.85%	-49.07%	20.00%	20.00%	20.00%	140.00%	32.35%	32.35%	32.35%	32.35%	3.03%	3.03%	3.03%	3.03%	3.13%	3.13%	3.13%	3.13%	3.23%	3.23%	3.23%	3.23%	3.33%	3.33%	3.33%	3.33%	7.14%	7.14%	7.14%	7.14%	7.69%	7.69%	7.69%	7.69%	20.93%	20.93%	20.93%	20.93%	19.44%	19.44%	Upgrade
Gross Margin	26.68%	28.54%	28.16%	27.39%	23.73%	25.79%	22.64%	26.65%	26.57%	29.03%	31.32%	30.92%	27.71%	31.47%	31.78%	26.03%	27.11%	30.70%	31.47%	30.52%	26.45%	29.66%	31.15%	30.73%	26.92%	30.59%	31.35%	30.97%	29.25%	29.83%	30.90%	30.94%	26.76%	29.37%	30.85%	30.42%	28.45%	29.46%	30.42%	29.47%	Upgrade
Operating Margin	5.84%	5.19%	4.83%	5.24%	3.69%	3.85%	1.23%	5.35%	6.76%	7.84%	9.81%	9.81%	6.48%	8.55%	10.01%	2.39%	5.12%	5.37%	7.19%	6.44%	4.86%	4.60%	6.37%	6.20%	4.91%	5.02%	6.57%	7.12%	5.79%	6.45%	7.72%	8.10%	7.16%	4.97%	7.63%	6.74%	7.29%	5.24%	6.03%	6.14%	Upgrade
Profit Margin	4.33%	3.82%	3.37%	3.75%	2.79%	2.68%	0.70%	4.01%	4.98%	5.80%	7.22%	8.67%	4.87%	4.48%	7.36%	1.45%	3.56%	3.83%	5.09%	4.51%	3.47%	3.49%	4.49%	4.28%	4.73%	2.83%	4.03%	4.18%	3.79%	3.70%	4.21%	3.90%	6.59%	3.12%	4.32%	3.71%	-12.14%	2.04%	1.38%	2.51%	Upgrade
Free Cash Flow Margin	7.63%	3.25%	3.70%	-1.33%	7.21%	-4.53%	-0.85%	-9.31%	6.36%	4.05%	5.91%	2.53%	10.08%	5.97%	13.81%	2.75%	10.12%	1.91%	9.53%	-1.86%	7.63%	-0.52%	6.71%	-1.84%	8.53%	4.31%	5.49%	5.13%	10.36%	5.49%	5.28%	-0.22%	8.40%	3.21%	5.17%	7.39%	9.20%	0.55%	3.67%	0.32%	Upgrade
Effective Tax Rate	22.62%	21.38%	22.11%	21.10%	16.01%	21.67%	15.67%	19.22%	23.45%	22.14%	23.33%	19.62%	20.23%	21.88%	22.80%	13.68%	20.72%	21.45%	22.93%	22.36%	21.30%	13.49%	21.82%	22.63%	-7.52%	22.02%	31.39%	34.37%	32.11%	33.84%	31.73%	30.93%	29.48%	31.20%	35.20%	35.40%	-	39.73%	45.96%	41.70%	Upgrade
EBITDA	2,622	2,064	1,896	2,018	1,868	1,709	979	2,040	2,811	2,668	3,107	3,384	2,473	2,533	2,915	1,087	1,869	1,660	1,960	1,794	1,771	1,426	1,740	1,680	1,810	1,507	1,694	1,754	1,958	1,631	1,873	1,876	2,736	1,510	1,860	1,678	-1,469	1,265	1,404	1,380	Upgrade
EBITDA Margin	8.21%	8.13%	7.65%	7.97%	5.95%	6.44%	3.76%	8.10%	9.07%	10.40%	12.35%	13.99%	8.73%	11.19%	12.69%	5.54%	7.99%	8.89%	10.64%	10.18%	7.71%	8.00%	9.79%	10.01%	7.88%	8.93%	10.18%	10.81%	9.12%	9.92%	11.58%	11.58%	12.65%	8.57%	10.67%	9.80%	-6.75%	7.33%	8.28%	8.28%	Upgrade
Depreciation & Amortization	729	722	683	667	696	675	650	679	690	652	633	667	637	603	604	641	699	638	623	644	648	592	603	631	667	643	585	581	632	570	570	546	562	561	550	540	545	535	538	511	Upgrade
EBIT	1,893	1,342	1,213	1,351	1,172	1,034	329	1,361	2,121	2,016	2,474	2,717	1,836	1,930	2,311	446	1,170	1,022	1,337	1,150	1,123	834	1,137	1,049	1,143	864	1,109	1,173	1,326	1,061	1,303	1,330	2,174	949	1,310	1,138	-2,014	730	866	869	Upgrade
EBIT Margin	5.93%	5.28%	4.90%	5.34%	3.73%	3.90%	1.26%	5.41%	6.84%	7.86%	9.83%	11.23%	6.48%	8.53%	10.06%	2.27%	5.00%	5.48%	7.26%	6.52%	4.89%	4.68%	6.40%	6.25%	4.97%	5.12%	6.67%	7.23%	6.18%	6.45%	8.06%	8.21%	10.05%	5.39%	7.52%	6.65%	-9.26%	4.23%	5.11%	5.22%	Upgrade

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).