Buyback yield (TTM)
0.85%
Shareholder yield (TTM)
4.37%
5Y share count change
-9.9%
Buyback spend (TTM)
$497.00M
Cumulative buybacks
$42.48B
Key takeaways
- Target (TGT) repurchased about $497.00M of stock over the trailing twelve months.
- Diluted share count is down 9.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 1.87× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -11.3% per year over the latest 5-year window.
- TTM repurchases used about 47% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Target (TGT)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Target (TGT)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Target (TGT)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Target (TGT)
Latest: $408.00M
Overview
As of the 2025 fiscal year, Target (TGT) reported buyback spend of $408.00M – plunged 59.5% year-over-year.
Target buyback spend has contracted on net over the period, with a -11.3% compound annual growth rate over 2020–2025 (5 years).
Between 2021 and 2025, Target buyback spend plunged 94.3%, falling from $7.19B to $408.00M.
2021 marks the peak buyback spend at $7.19B, with the historical low of $0.00 recorded in 1990.
Target Buyback Spend 2025: $408.00M
Target posted buyback spend of $408.00M in 2025, plunged 59.5% below 2024.
Target Buyback Spend 2024: $1.01B
In 2024, Target reported buyback spend of $1.01B, surged 692.9% from 2023.
Target Buyback Spend 2023: $127.00M
Target buyback spend in 2023 was $127.00M, plunged 95.2% below 2022.
Target Buyback Spend 2022: $2.65B
2022's buyback spend for Target came in at $2.65B, plunged 63.2% below 2021.
Target Buyback Spend 2021: $7.19B
Target buyback spend in 2021 was $7.19B.
See more financial history for Target (TGT).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $408.00M | $281.00M | $127.00M | 0.85% | 0.46B | -1.3% | |
| 2024 | $1.01B | $304.00M | $703.00M | 1.60% | 0.46B | -0.2% | |
| 2023 | $127.00M | $251.00M | −$124.00M | 0.19% | 0.46B | -0.4% | |
| 2022 | $2.65B | $220.00M | $2.43B | 3.41% | 0.46B | -5.7% | |
| 2021 | $7.19B | $228.00M | $6.96B | 6.94% | 0.49B | -2.5% | |
| 2020 | $745.00M | $200.00M | $545.00M | 0.82% | 0.51B | -2.0% | |
| 2019 | $1.56B | $147.00M | $1.42B | 2.79% | 0.52B | -3.3% | |
| 2018 | $2.12B | $132.00M | $1.99B | 5.74% | 0.53B | -3.2% | |
| 2017 | $1.05B | $112.00M | $934.00M | 2.62% | 0.55B | -5.4% | |
| 2016 | $3.71B | $113.00M | $3.59B | 10.39% | 0.58B | -8.0% | |
| 2015 | $3.48B | $115.00M | $3.37B | 7.88% | 0.63B | -1.1% | |
| 2014 | $26.00M | $71.00M | −$45.00M | 0.06% | 0.64B | -0.3% | |
| 2013 | $1.46B | $110.00M | $1.35B | 4.08% | 0.64B | -3.2% | |
| 2012 | $1.88B | $105.00M | $1.77B | 4.73% | 0.66B | -3.0% | |
| 2011 | $1.84B | $90.00M | $1.75B | 5.52% | 0.68B | -6.2% | |
| 2010 | $2.45B | $109.00M | $2.34B | 6.51% | 0.73B | -3.4% | |
| 2009 | $423.00M | $103.00M | $320.00M | 1.12% | 0.75B | -2.4% | |
| 2008 | $2.81B | $0.00 | $2.81B | 11.99% | 0.77B | -9.1% | |
| 2007 | $2.48B | $0.00 | $2.48B | 5.39% | 0.85B | -2.0% | |
| 2006 | $901.00M | $0.00 | $901.00M | 1.70% | 0.87B | -2.3% | |
| 2005 | $1.20B | $0.00 | $1.20B | 2.54% | 0.89B | -2.5% | |
| 2004 | $1.29B | $0.00 | $1.29B | 2.94% | 0.91B | -11.3% | |
| 2003 | $48.00M | $0.00 | $48.00M | 0.14% | 1.03B | +12.4% | |
| 2002 | $3.00M | $0.00 | $3.00M | 0.01% | 0.91B | -19.1% | |
| 2001 | $20.00M | $0.00 | $20.00M | 0.05% | 1.13B | +23.8% | |
| 2000 | $585.00M | $0.00 | $585.00M | 1.76% | 0.91B | -1.8% | |
| 1999 | $581.00M | $0.00 | $581.00M | — | 0.93B | -0.5% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.93B | +0.8% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.93B | -3.9% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.96B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $440.00M | $0.00 | $440.00M | — | — | — |
- 2025$408.00M
- 2024$1.01B
- 2023$127.00M
- 2022$2.65B
- 2021$7.19B
- 2020$745.00M
- 2019$1.56B
- 2018$2.12B
- 2017$1.05B
- 2016$3.71B
- 2015$3.48B
- 2014$26.00M
- 2013$1.46B
- 2012$1.88B
- 2011$1.84B
- 2010$2.45B
- 2009$423.00M
- 2008$2.81B
- 2007$2.48B
- 2006$901.00M
- 2005$1.20B
- 2004$1.29B
- 2003$48.00M
- 2002$3.00M
- 2001$20.00M
- 2000$585.00M
- 1999$581.00M
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$440.00M
Buybacks vs stock-based compensation for Target (TGT)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 1.87×.
Buybacks vs dividends (share of cash returned) for Target (TGT)
How Target splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Target, ranked by their latest buyback spend.
| $8.09B | |
| $6.50B | |
| $1.00B | |
| $1.00B | |
| $903.00M | |
| $746.00M | |
| $103.65M | |
| $0.00 |
- $8.09B
- $6.50B
- $1.00B
- $1.00B
- $903.00M
- $746.00M
- $103.65M
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.07B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation