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TARGET CORPORATION FY 2026 10-K, explained in plain English

TGT · 10-K for the period ending January 31, 2026, filed March 11, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$104.8B
Gross margin27.9%
Operating income$5.1B
Net income$3.7B
Diluted EPS$8.13
Cash & equivalents— not reported
Total assets$59.5B
Long-term debt$14.4B

Key takeaway

Net sales declined for a second straight year, from $107.4B in 2023 to $104.8B in 2025, partly due to a 53-week comparison year in 2023.

🔒 4 more takeaways in the full analysis

Beneath the surface

Long-term debt of $14.4B against just $5.5B of cash and short-term investments implies a net debt position of roughly $8.9B, a leverage picture not obvious from the headline figures alone.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for TGT.

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