Gross Profit for Target (TGT)
According to Target's latest reported financial statements, the company's current gross profit (TTM) is $29.27B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
TGT
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$29.27B
YoY change
-2.6%
5Y CAGR
+1.3%
Peak year (2021)
$31.04B
Cumulative gross profit
$631.45B
Gross Profit history chart for Target (TGT) from 1985 to 2025
Gross Profit history table for Target (TGT) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $29.27B | -2.6% | ||
| 2024 | $30.06B | +1.6% | ||
| 2023 | $29.58B | +10.3% | ||
| 2022 | $26.81B | -13.6% | ||
| 2021 | $31.04B | +13.4% | ||
| 2020 | $27.38B | +17.8% | ||
| 2019 | $23.25B | +5.4% | ||
| 2018 | $22.06B | +2.2% | ||
| 2017 | $21.59B | +2.2% | ||
| 2016 | $21.13B | -1.9% | ||
| 2015 | $21.54B | +1.0% | ||
| 2014 | $21.34B | +0.5% | ||
| 2013 | $21.24B | -4.6% | ||
| 2012 | $22.27B | +3.3% | ||
| 2011 | $21.56B | +3.6% | ||
| 2010 | $20.80B | +5.2% | ||
| 2009 | $19.77B | +3.1% | ||
| 2008 | $19.18B | -7.0% | ||
| 2007 | $20.64B | +6.5% | ||
| 2006 | $19.38B | +14.6% | ||
| 2005 | $16.92B | +9.9% | ||
| 2004 | $15.39B | +12.9% | ||
| 2003 | $13.64B | +14.5% | ||
| 2002 | $11.91B | -6.1% | ||
| 2001 | $12.68B | +9.3% | ||
| 2000 | $11.61B | +8.8% | ||
| 1999 | $10.67B | +11.4% | ||
| 1998 | $9.58B | +28.8% | ||
| 1997 | $7.44B | +10.3% | ||
| 1996 | $6.74B | +12.6% | ||
| 1995 | $5.99B | +5.5% | ||
| 1994 | $5.67B | +12.0% | ||
| 1993 | $5.07B | +5.6% | ||
| 1992 | $4.80B | +9.9% | ||
| 1991 | $4.36B | +6.7% | ||
| 1990 | $4.09B | +8.8% | ||
| 1989 | $3.76B | +13.2% | ||
| 1988 | $3.32B | +17.4% | ||
| 1987 | $2.83B | +10.6% | ||
| 1986 | $2.56B | +1.3% | ||
| 1985 | $2.52B | — |
Gross Profit 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
The 2025 reading of Target (TGT) gross profit is $29.27B – edged down 2.6% year-over-year.
Through 2020–2025 (5 years), Target gross profit delivered a +1.3% annualised rate; with the latest reading among the more recent periods of the dataset.
Between 2021 and 2025, Target gross profit declined 5.7%, falling from $31.04B to $29.27B.
2021 marks the peak gross profit at $31.04B, with the historical low of $2.52B recorded in 1985.
Target (TGT) sits 6th of 8 Consumer Defensive peers we track on this metric, against a peer median of $32.45B.
Target Gross Profit by Year
Target Gross Profit 2025: $29.27B
Target gross profit in 2025 was $29.27B, edged down 2.6% below 2024.
Target Gross Profit 2024: $30.06B
Target gross profit in 2024 was $30.06B, edged up 1.6% from 2023.
Target Gross Profit 2023: $29.58B
Target gross profit in 2023 was $29.58B, grew 10.3% from 2022.
Target Gross Profit 2022: $26.81B
Target gross profit in 2022 was $26.81B, declined 13.6% below 2021.
Target Gross Profit 2021: $31.04B
Target gross profit in 2021 was $31.04B.
See more financial history for Target (TGT).
Sector peers — Gross Profit
Companies in the same sector as Target, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $177.77B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $50.86B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $43.12B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $35.35B | Consumer Defensive |
| The Coca-Cola Company (KO) | $29.54B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $27.28B | Consumer Defensive |
| Altria Group, Inc. (MO) | $17.44B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $4.63B | Consumer Defensive |
Frequently asked questions
What is Target's gross profit?
- Latest reported gross profit for Target (TGT) is $29.27B (period ending January 31, 2026).
How has Target gross profit changed year-over-year?
- Target (TGT) gross profit changed -2.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Target gross profit?
- Target (TGT) gross profit compound annual growth rate is +1.3% over the most recent 5 years available.
When did Target gross profit hit its highest annual value?
- Target gross profit reached its highest annual value of $31.04B in 2021.
What was Target gross profit in 2024?
- Target (TGT) gross profit in 2024 was $30.06B.
What was Target gross profit in 2025?
- Target (TGT) gross profit in 2025 was $29.27B.
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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