Latest period
$2.84B
YoY change
+28.9%
5Y CAGR
+7.1%
Peak year (2022)
$5.53B
Cumulative CapEx
$95.30B
CapEx history chart for Target (TGT) from 1989 to 2025
Latest: $3.73B
CapEx growth chart for Target (TGT) from 1989 to 2025
Latest: +28.9%
CapEx history table for Target (TGT) from 1989 to 2025
| 2025 | $3.73B | +28.9% | +$836.00M | ||
| 2024 | $2.89B | -39.8% | −$1.92B | ||
| 2023 | $4.81B | -13.1% | −$722.00M | ||
| 2022 | $5.53B | +56.0% | +$1.98B | ||
| 2021 | $3.54B | +33.8% | +$895.00M | ||
| 2020 | $2.65B | -12.5% | −$378.00M | ||
| 2019 | $3.03B | -13.9% | −$489.00M | ||
| 2018 | $3.52B | +38.8% | +$983.00M | ||
| 2017 | $2.53B | +63.7% | +$986.00M | ||
| 2016 | $1.55B | +7.6% | +$109.00M | ||
| 2015 | $1.44B | -19.5% | −$348.00M | ||
| 2014 | $1.79B | -48.3% | −$1.67B | ||
| 2013 | $3.45B | +5.4% | +$176.00M | ||
| 2012 | $3.28B | -25.0% | −$1.09B | ||
| 2011 | $4.37B | +105.2% | +$2.24B | ||
| 2010 | $2.13B | +23.1% | +$400.00M | ||
| 2009 | $1.73B | -51.3% | −$1.82B | ||
| 2008 | $3.55B | -18.8% | −$822.00M | ||
| 2007 | $4.37B | +11.2% | +$441.00M | ||
| 2006 | $3.93B | +15.9% | +$540.00M | ||
| 2005 | $3.39B | +10.4% | +$320.00M | ||
| 2004 | $3.07B | +2.1% | +$64.00M | ||
| 2003 | $3.00B | -6.7% | −$217.00M | ||
| 2002 | $3.22B | +1.8% | +$58.00M | ||
| 2001 | $3.16B | +25.1% | +$635.00M | ||
| 2000 | $2.53B | +31.8% | +$610.00M | ||
| 1999 | $1.92B | +9.2% | +$161.00M | ||
| 1998 | $1.76B | +29.8% | +$403.00M | ||
| 1997 | $1.35B | +4.1% | +$53.00M | ||
| 1996 | $1.30B | -14.5% | −$221.00M | ||
| 1995 | $1.52B | +39.0% | +$427.00M | ||
| 1994 | $1.09B | +13.0% | +$126.00M | ||
| 1993 | $969.00M | +5.6% | +$51.00M | ||
| 1992 | $918.00M | -9.0% | −$91.00M | ||
| 1991 | $1.01B | +48.8% | +$331.00M | ||
| 1990 | $678.00M | +9.5% | +$59.00M | ||
| 1989 | $619.00M | — | — |
- 2025$3.73B+28.9%
- 2024$2.89B-39.8%
- 2023$4.81B-13.1%
- 2022$5.53B+56.0%
- 2021$3.54B+33.8%
- 2020$2.65B-12.5%
- 2019$3.03B-13.9%
- 2018$3.52B+38.8%
- 2017$2.53B+63.7%
- 2016$1.55B+7.6%
- 2015$1.44B-19.5%
- 2014$1.79B-48.3%
- 2013$3.45B+5.4%
- 2012$3.28B-25.0%
- 2011$4.37B+105.2%
- 2010$2.13B+23.1%
- 2009$1.73B-51.3%
- 2008$3.55B-18.8%
- 2007$4.37B+11.2%
- 2006$3.93B+15.9%
- 2005$3.39B+10.4%
- 2004$3.07B+2.1%
- 2003$3.00B-6.7%
- 2002$3.22B+1.8%
- 2001$3.16B+25.1%
- 2000$2.53B+31.8%
- 1999$1.92B+9.2%
- 1998$1.76B+29.8%
- 1997$1.35B+4.1%
- 1996$1.30B-14.5%
- 1995$1.52B+39.0%
- 1994$1.09B+13.0%
- 1993$969.00M+5.6%
- 1992$918.00M-9.0%
- 1991$1.01B+48.8%
- 1990$678.00M+9.5%
- 1989$619.00M—
CapEx values are taken from Target's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Target (TGT)
According to Target's latest reported financial statements, the company's current CapEx (TTM) is $2.84B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Target (TGT) CapEx is $3.73B – grew 28.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Target CapEx compounded at +7.1% per year, with mixed annual results across the window.
Target CapEx plunged from $5.53B in 2022 to $3.73B in 2025, a 32.6% drawdown.
The highest annual CapEx of $5.53B was reported in 2022. The lowest in the available history was $619.00M in 1989.
Target Capital Expenditures by Year
Target Capital Expenditures 2025: $3.73B
In 2025, Target reported CapEx of $3.73B, grew 28.9% from 2024.
Target Capital Expenditures 2024: $2.89B
Target CapEx in 2024 was $2.89B, plunged 39.8% below 2023.
Target Capital Expenditures 2023: $4.81B
2023's CapEx for Target came in at $4.81B, declined 13.1% below 2022.
Target Capital Expenditures 2022: $5.53B
Target posted CapEx of $5.53B in 2022, surged 56.0% from 2021. This figure represents the highest annual value in the available history.
Target Capital Expenditures 2021: $3.54B
Target CapEx in 2021 was $3.54B.
See more financial history for Target (TGT).
Sector peers by CapEx
Consumer Defensive peers of Target (TGT), ranked by their latest CapEx
| $26.64B | |
| $5.50B | |
| $4.42B | |
| $3.77B | |
| $2.11B | |
| $1.57B | |
| $216.00M | |
| $132.28M |
- $26.64B
- $5.50B
- $4.42B
- $3.77B
- $2.11B
- $216.00M
- $132.28M
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