Target (TGT) FY2024 results: revenue $106.6 billion, down 0.8% on the year
Target Corp. (TGT) reported revenue of $106.6 billion for fiscal 2024, the year ended 1 February 2025, down 0.8% on the year before. Net income was $4.1 billion, down 1.1%, and diluted earnings per share $8.86. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2025.
Revenue
$106.6 billion
-0.8% on the year
FY2017FY2024
Operating margin
5.2%
5.3% a year earlier
FY2017FY2024
Net income
$4.1 billion
-1.1% on the year
FY2017FY2024
Diluted EPS
$8.86
-0.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
7,367
8,621
4,018
-14.5%
Capital expenditure
2,891
4,806
5,528
-39.8%
Free cash flow
4,476
3,815
-1,510
+17.3%
Free cash flow margin
4.2%
3.6%
-1.4%
Cash from investing
-2,860
-4,760
-5,504
Cash from financing
-3,550
-2,285
-2,196
Depreciation and amortisation
2,981
2,801
2,700
+6.4%
Share-based compensation
304
251
220
+21.1%
Buybacks
1,007
0.0
2,646
Dividends paid
2,046
2,011
1,836
+1.7%
Dividend per share
$4.46
$4.38
$4.14
+1.8%
Diluted shares, weighted
462m
463m
465m
-0.2%
Shares outstanding at period end
456m
462m
460m
-1.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
14,666
13,432
11,232
+9.2%
Debt
13,904
14,151
14,141
-1.7%
Operating lease liabilities
3,582
3,279
2,638
+9.2%
Finance lease liabilities
2,025
1,894
1,943
+6.9%
Other liabilities
23,592
22,600
23,381
+4.4%
Total liabilities and equity
57,769
55,356
53,335
+4.4%
Fixed assets
n/a
33,096
31,512
Goodwill
631
631
631
0.0%
Investments
3,893
2,897
1,343
+34.4%
Cash and equivalents
4,762
3,805
2,229
+25.2%
Inventory
12,740
11,886
13,499
+7.2%
Other assets
35,743
3,041
4,121
+1,075.4%
Total assets
57,769
55,356
53,335
+4.4%
10-K for the year ended 1 February 2025, filed 12 March 2025: the filing.