Target (TGT) Revenue — Quarter Ended Jan 31, 2026
Revenue for the quarter rose compared to the immediately preceding quarter, but declined compared to the same quarter one year earlier. The sequential increase was substantial, while the annual comparison showed a slight decrease.
Key takeaway
Quarter ended Jan 31, 2026 · FY2025 Q4
Revenue for the quarter rose compared to the immediately preceding quarter, but declined compared to the same quarter one year earlier. The sequential increase was substantial, while the annual comparison showed a slight decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$30.5B
Revenue reported for this quarter.
Quarter-over-quarter
+20.5%
Change from the immediately preceding quarter.
Year-over-year
-1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$104.8B
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 |
|---|---|---|
| May 3, 2025 | $23.8B | -2.8% |
| Aug 2, 2025 | $25.2B | -0.9% |
| Nov 1, 2025 | $25.3B | -1.6% |
| Jan 31, 2026 | $30.5B | -1.5% |
Revenue performance
The company reported a higher revenue figure than the previous quarter, reflecting a strong sequential performance. However, on a year-over-year basis, revenue was lower.
Quarterly comparison
Compared to the prior quarter, revenue increased by a significant margin. Relative to the same period a year ago, revenue experienced a small decline.
What to watch
Monitor whether the year-over-year decline reverses in the upcoming quarters given the sequential improvement.