TARGET CORP
For the period ended Nov 1, 2025. Filed Nov 26, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 1, 2025 · Filed Nov 26, 2025
TGT$165.90+4.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Consolidated Statements of Operations | ||||
|---|---|---|---|---|
| Three Months Ended | Nine Months Ended | |||
| (millions, except per share data) (unaudited) | November 1, 2025 | November 2, 2024 | November 1, 2025 | November 2, 2024 |
| Net sales | $25,270 | $25,668 | $74,327 | $75,651 |
| Cost of sales | 18,137 | 18,402 | 53,168 | 53,700 |
| Selling, general, and administrative expenses | 5,536 | 5,459 | 15,486 | 15,969 |
| Depreciation and amortization (exclusive of depreciation included in cost of sales) | 649 | 639 | 1,936 | 1,883 |
| Operating income | 948 | 1,168 | 3,737 | 4,099 |
| Net interest expense | 115 | 105 | 346 | 321 |
| Net other income | (26) | (28) | (68) | (77) |
| Earnings before income taxes | 859 | 1,091 | 3,459 | 3,855 |
| Provision for income taxes | 170 | 237 | 799 | 867 |
| Net earnings | $689 | $854 | $2,660 | $2,988 |
| Basic earnings per share | $1.52 | $1.86 | $5.85 | $6.47 |
| Diluted earnings per share | $1.51 | $1.85 | $5.84 | $6.45 |
| Weighted average common shares outstanding | ||||
| Basic | 453.7 | 460.1 | 454.4 | 461.6 |
| Diluted | 455.1 | 461.5 | 455.7 | 462.9 |
| Antidilutive shares | 2.3 | 0.5 | 2.3 | 0.5 |
| TARGET CORPORATION | Q3 2025 Form 10-Q | 1 |
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