Cost of revenue · 2011–2025

Target cost of revenue

$75.5B−1.3% · FY2025

Target (TGT) reported $75.5B in cost of revenue for fiscal 2025, −1.3% year on year.

$47.9B2011$50.6B2012$50.0B2013$51.3B2014$52.2B2015$49.1B2016$51.1B2017$53.3B2018$54.9B2019$66.2B2020$75.0B2021$82.3B2022$77.8B2023$76.5B2024$75.5B2025
Target — Cost of revenue, 2011–2025
Fiscal yearCost of revenueChangeFiling
FY20252026-01-31$75.5B−1.3%Open →
FY20242025-02-01$76.5B−1.7%Open →
FY20232024-02-03$77.8B−5.4%Open →
FY20222023-01-28$82.3B+9.8%Open →
FY20212022-01-29$75.0B+13.3%Open →
FY20202021-01-30$66.2B+20.6%Open →
FY20192020-02-01$54.9B+2.9%Open →
FY20182019-02-02$53.3B+4.3%Open →
FY20172018-02-03$51.1B+4.0%Open →
FY20162017-01-28$49.1B−5.9%Open →
FY20152016-01-30$52.2B+1.9%Open →
FY20142015-01-31$51.3B+2.5%Open →
FY20132014-02-01$50.0B−1.0%Open →
FY20122013-02-02$50.6B+5.7%Open →
FY20112012-01-28$47.9B—Open →

Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +3.3%

Cost of revenue at companies of similar size

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Target cost of revenue |url=https://companiesranked.com/en/company/target/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Target cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/target/cost-of-revenue

BibTeX

@misc{companiesranked-en-company-target-cost-of-revenue-2026,
  author       = {{CompaniesRanked}},
  title        = {{Target cost of revenue}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/target/cost-of-revenue}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0000027419-26-000016 · March 11, 2026

{{cite web |title=Target cost of revenue — 10-K (0000027419-26-000016) |url=https://www.sec.gov/Archives/edgar/data/27419/000002741926000016/tgt-20260131.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-11}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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