← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Stores-as-hubs remains the asset, but sales, earnings, and free cash flow moved lower.
The read at a glance✓ Audited against SEC data
- Growth — -2% revenue to $104.8BWatch
- Profitability — $5.1B operating income; 4.9% marginWatch
- Cash quality — $2.8B FCF, down 26%Watch
- Balance sheet — $4.6B cash/STI parsed vs $14.4B long-term debtNote
- Accounting — Formula-grey distress score · M/EQ not computed · clean auditNote
- Fulfillment — Stores fulfilled over 97% of merchandise salesOK
Business
Target is a U.S. omnichannel retailer operating as a single segment, with stores and digital channels built around everyday essentials, differentiated merchandise, owned brands, and store-based fulfillment.
Where the revenue comes from
Fiscal 2025, as TARGET CORP reports it. History and quarterly detail are in the app.
- Merchandise sales$102.7B
- Advertising revenue$915.0M
- Other$626.0M
- Credit card profit sharing$522.0M
Leadership changes
From TARGET CORP's own filings, the day they're filed.
- Joe DePinto · director · appointmenteff. 2026-08-01
- Stephen B. Bratspies · director · appointmenteff. 2026-04-01
- John R. Hoke III · director · appointmenteff. 2026-03-01
Latest filings
- 10-Q · Quarterly report2026-08-28
- 8-K · Company announcement2026-08-19
- 8-K · Company announcement2026-08-14
- 8-K · Company announcement2026-07-22
- 8-K · Company announcement2026-06-12
In the full recordFree for 14 days
- ✦ What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- ✦ Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about TARGET CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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