EBITDA for Target (TGT)
According to Target's latest reported financial statements, the company's current EBITDA (TTM) is $8.35B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
TGT
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$8.35B
YoY change
-3.5%
5Y CAGR
-1.5%
Peak year (2021)
$11.97B
Cumulative EBITDA
$201.38B
EBITDA history chart for Target (TGT) from 1985 to 2025
EBITDA history table for Target (TGT) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $8.35B | -3.5% | ||
| 2024 | $8.65B | +0.6% | ||
| 2023 | $8.60B | +30.4% | ||
| 2022 | $6.60B | -44.9% | ||
| 2021 | $11.97B | +32.9% | ||
| 2020 | $9.01B | +23.9% | ||
| 2019 | $7.27B | +10.0% | ||
| 2018 | $6.61B | -2.2% | ||
| 2017 | $6.76B | -7.0% | ||
| 2016 | $7.27B | -6.1% | ||
| 2015 | $7.74B | +16.2% | ||
| 2014 | $6.66B | -7.0% | ||
| 2013 | $7.17B | -7.9% | ||
| 2012 | $7.78B | +4.4% | ||
| 2011 | $7.45B | +1.6% | ||
| 2010 | $7.34B | +9.5% | ||
| 2009 | $6.70B | +7.1% | ||
| 2008 | $6.26B | -9.7% | ||
| 2007 | $6.93B | +5.6% | ||
| 2006 | $6.57B | +14.5% | ||
| 2005 | $5.73B | +17.9% | ||
| 2004 | $4.86B | +14.2% | ||
| 2003 | $4.26B | +12.7% | ||
| 2002 | $3.78B | +0.5% | ||
| 2001 | $3.76B | +10.0% | ||
| 2000 | $3.42B | +7.4% | ||
| 1999 | $3.18B | +16.4% | ||
| 1998 | $2.73B | +12.3% | ||
| 1997 | $2.44B | +21.2% | ||
| 1996 | $2.01B | +30.7% | ||
| 1995 | $1.54B | -8.0% | ||
| 1994 | $1.67B | +7.7% | ||
| 1993 | $1.55B | +2.9% | ||
| 1992 | $1.51B | +17.7% | ||
| 1991 | $1.28B | -5.6% | ||
| 1990 | $1.36B | +7.3% | ||
| 1989 | $1.26B | +28.7% | ||
| 1988 | $982.00M | +25.3% | ||
| 1987 | $784.00M | -1.6% | ||
| 1986 | $796.60M | -1.1% | ||
| 1985 | $805.20M | — |
EBITDA values are taken from Target's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual EBITDA for Target (TGT) came in at $8.35B – edged down 3.5% year-over-year.
Through 2020–2025 (5 years), Target EBITDA delivered a -1.5% annualised rate; with a net decline across the window.
Target EBITDA plunged from $11.97B in 2021 to $8.35B in 2025, a 30.3% drawdown.
$11.97B stands as the all-time-high annual EBITDA, posted in 2021, against a low of $784.00M during 1987.
Target (TGT) sits 8th of 8 Consumer Defensive peers we track on this metric, against a peer median of $16.50B.
Target EBITDA by Year
Target EBITDA 2025: $8.35B
Target EBITDA in 2025 was $8.35B, edged down 3.5% below 2024.
Target EBITDA 2024: $8.65B
Target EBITDA in 2024 was $8.65B, edged up 0.6% from 2023.
Target EBITDA 2023: $8.60B
Target EBITDA in 2023 was $8.60B, surged 30.4% from 2022.
Target EBITDA 2022: $6.60B
Target EBITDA in 2022 was $6.60B, plunged 44.9% below 2021.
Target EBITDA 2021: $11.97B
Target EBITDA in 2021 was $11.97B.
See more financial history for Target (TGT).
Sector peers — EBITDA
Companies in the same sector as Target, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $46.47B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $23.92B | Consumer Defensive |
| The Coca-Cola Company (KO) | $18.70B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $17.46B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $15.54B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $13.40B | Consumer Defensive |
| Altria Group, Inc. (MO) | $10.83B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.60B | Consumer Defensive |
Frequently asked questions
What is Target's EBITDA?
- Latest reported EBITDA for Target (TGT) is $8.35B (period ending January 31, 2026).
How has Target EBITDA changed year-over-year?
- Target (TGT) EBITDA changed -3.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Target EBITDA?
- Target (TGT) EBITDA compound annual growth rate is -1.5% over the most recent 5 years available.
When did Target EBITDA hit its highest annual value?
- Target EBITDA reached its highest annual value of $11.97B in 2021.
What was Target EBITDA in 2024?
- Target (TGT) EBITDA in 2024 was $8.65B.
What was Target EBITDA in 2025?
- Target (TGT) EBITDA in 2025 was $8.35B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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TGT Overview
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