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U.S. COMPANY FILING

TARGET CORP — Form 10-K filed 2026-03-11

Filed: 2026-03-11Company: TARGET CORPTicker: TGTExchange: NYSEForm: 10-KReport period: 2026-01-31SEC accession: 0000027419-26-000016Event: earningsMateriality: 85

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Target's FY2025 net sales were $104.8 billion, down 1.7% YoY, with comparable sales down 2.6%. GAAP diluted EPS was $8.13, adjusted EPS $7.57. Operating income was $5.1 billion, down 8.1%. The company recognized $593 million net gains from interchange fee settlements and $250 million business transformation costs. Tariff uncertainty and cautious consumer spending impacted results. Target plans ~$5 billion capex and about 30 new stores in 2026.

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