Target (TGT) Revenue — Quarter Ended Nov 1, 2025
Revenue for the quarter was lower than the same period last year but edged up from the prior quarter. The decline versus the prior year reflects ongoing sales headwinds, while the sequential improvement suggests a modest stabilization.
Key takeaway
Quarter ended Nov 1, 2025 · FY2025 Q3
Revenue for the quarter was lower than the same period last year but edged up from the prior quarter. The decline versus the prior year reflects ongoing sales headwinds, while the sequential improvement suggests a modest stabilization.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$25.3B
Revenue reported for this quarter.
Quarter-over-quarter
+0.2%
Change from the immediately preceding quarter.
Year-over-year
-1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$105.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Feb 1, 2025 | $30.9B | -3.1% |
| May 3, 2025 | $23.8B | -2.8% |
| Aug 2, 2025 | $25.2B | -0.9% |
| Nov 1, 2025 | $25.3B | -1.6% |
Revenue performance
Revenue decreased compared to the same quarter a year ago, marking a continuation of the negative year-over-year trend observed in recent quarters.
Quarterly comparison
Relative to the immediately preceding quarter, revenue increased slightly, breaking a pattern of sequential declines. This represents a modest improvement from the prior quarter's performance.
What to watch
Monitor whether the sequential revenue improvement can be sustained and if the year-over-year decline narrows in coming quarters.