Free Cash Flow for Target (TGT)
Free Cash Flow for Target (TGT): headline value $2.93B · YoY -36.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
TGT
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.93B
YoY change
-36.7%
5Y CAGR
-18.5%
Peak year (2020)
$7.88B
Latest annual
$2.83B
Free Cash Flow history chart for Target (TGT) from 1989 to 2025
Free Cash Flow history table for Target (TGT) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $2.83B | -36.7% | ||
| 2024 | $4.48B | +17.3% | ||
| 2023 | $3.81B | -352.6% | ||
| 2022 | -$1.51B | -129.7% | ||
| 2021 | $5.08B | -35.5% | ||
| 2020 | $7.88B | +92.6% | ||
| 2019 | $4.09B | +66.5% | ||
| 2018 | $2.46B | -44.0% | ||
| 2017 | $4.39B | +12.9% | ||
| 2016 | $3.89B | -11.7% | ||
| 2015 | $4.41B | +66.1% | ||
| 2014 | $2.65B | -13.5% | ||
| 2013 | $3.07B | +49.8% | ||
| 2012 | $2.05B | +92.1% | ||
| 2011 | $1.07B | -66.1% | ||
| 2010 | $3.14B | -24.3% | ||
| 2009 | $4.15B | +370.2% | ||
| 2008 | $883.00M | -461.9% | ||
| 2007 | -$244.00M | -126.1% | ||
| 2006 | $934.00M | -12.1% | ||
| 2005 | $1.06B | +737.0% | ||
| 2004 | $127.00M | -18.6% | ||
| 2003 | $156.00M | -109.6% | ||
| 2002 | -$1.63B | +39.3% | ||
| 2001 | -$1.17B | +88.0% | ||
| 2000 | -$623.00M | -286.5% | ||
| 1999 | $334.00M | +218.1% | ||
| 1998 | $105.00M | -76.2% | ||
| 1997 | $441.00M | +180.9% | ||
| 1996 | $157.00M | -143.5% | ||
| 1995 | -$361.00M | +77.8% | ||
| 1994 | -$203.00M | -181.2% | ||
| 1993 | $250.00M | +278.8% | ||
| 1992 | $66.00M | -111.5% | ||
| 1991 | -$572.00M | +979.2% | ||
| 1990 | -$53.00M | -144.2% | ||
| 1989 | $120.00M | — |
Free Cash Flow values are taken from Target's reported cash flow 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 free cash flow for Target (TGT) came in at $2.83B – plunged 36.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Target free cash flow compounded at -18.5% per year, with a net decline across the window.
Between 2020 and 2025, Target free cash flow plunged 64.0%, falling from $7.88B to $2.83B.
Across the available history, free cash flow reached its high of $7.88B in 2020 and its low of -$1.63B in 2002.
Target (TGT) sits 8th of 8 Consumer Defensive peers we track on this metric, against a peer median of $8.46B.
Target Free Cash Flow by Year
Target Free Cash Flow 2025: $2.83B
Target free cash flow in 2025 was $2.83B, plunged 36.7% below 2024.
Target Free Cash Flow 2024: $4.48B
Target free cash flow in 2024 was $4.48B, grew 17.3% from 2023.
Target Free Cash Flow 2023: $3.81B
Target free cash flow in 2023 was $3.81B, plunged 352.6% below 2022.
Target Free Cash Flow 2022: -$1.51B
Target free cash flow in 2022 was -$1.51B, plunged 129.7% below 2021.
Target Free Cash Flow 2021: $5.08B
Target free cash flow in 2021 was $5.08B.
See more financial history for Target (TGT).
Sector peers — Free Cash Flow
Companies in the same sector as Target, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $14.92B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $14.04B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $10.66B | Consumer Defensive |
| Altria Group, Inc. (MO) | $9.07B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $7.84B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $7.67B | Consumer Defensive |
| The Coca-Cola Company (KO) | $5.30B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $1.97B | Consumer Defensive |
Frequently asked questions
What is Target's free cash flow?
Latest reported free cash flow for Target (TGT) is $2.93B (period ending January 31, 2026).
How has Target free cash flow changed year-over-year?
Target (TGT) free cash flow changed -36.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Target free cash flow?
Target (TGT) free cash flow compound annual growth rate is -18.5% over the most recent 5 years available.
When did Target free cash flow hit its highest annual value?
Target free cash flow reached its highest annual value of $7.88B in 2020.
What was Target free cash flow in 2024?
Target (TGT) free cash flow in 2024 was $4.48B.
What was Target free cash flow in 2025?
Target (TGT) free cash flow in 2025 was $2.83B.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
Explore more
TGT Overview
Company profile, financial tools, and key metrics
TGT Revenue Counter
Earns $3,323 every second. See per minute, hour, and day.
TGT Earnings Counter
Earns $117.48 per second net profit. See per minute, hour, and day.
TGT Economic Scale
Exceeds Angola's GDP. Compare with world economies.
TGT What If Invested
What if you had invested $1,000? See historical returns from any date.
TGT How It Makes Money
Discover visual breakdown of $104.78B in revenue — where it comes from and where it goes.
TGT Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
TGT Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
TGT Daily Price Character
Balanced · 46.7% historical win rate (green days). Streaks & record days.
TGT Buybacks
1.38% TTM buyback yield. Shareholder yield & SBC comparison.
TGT Stock Split History
5 splits on record. Dates, ratios, and cumulative multiple.
TGT Dividend Profile
Yield: 3.55%. Safety: 6/8. See full history.
TGT Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
TGT Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.