TGT Q4 2026 Earnings — Income Statement Breakdown
For its Q4 2026 period (ending 2026-01-31), TGT reported revenue of $30.5B, gross profit of $8.1B (26.6% gross margin), operating income of $1.4B, and net income of $1.0B (3.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TGT was profitable; revenue fell 1.5% year over year, and EPS beat consensus by $0.27.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −1.5% | −5.2% | Not available |
| Quarter over quarter | +20.5% | +51.8% | Not available |
EPS was $2.44 versus $2.17 expected.
TGT Q4 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $30.5B | 100% |
| Cost of Revenue | −$22.3B | 73.4% |
| Gross Profit | $8.1B | 26.6% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$6.0B | 19.9% |
| Other Operating Expenses | −$681M | 2.2% |
| Operating Income | $1.4B | 4.5% |
| Interest Expense | −$99M | 0.3% |
| Other Income, net | −$28M | 0.1% |
| Income Tax Expense | −$263M | 0.9% |
| Net Income | $1.0B | 3.4% |
Source: original SEC filing (filed 2026-02-11). Accession 0000027419-26-000009. Data normalized by EarningsFyi.