TGT Target Corporation
FY2026 10-K
Target Corporation (TGT) filed its fiscal year 2026 10-K annual report with the SEC on Mar 11, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2026 10-K
Business Overview
- • Single-segment omnichannel retailer; stores fulfill >97% of total Merchandise Sales, serving as both destinations and fulfillment hubs
- • Net Sales declined to $104.8B in fiscal 2025, down from $106.6B in 2024 and $107.4B in 2023 — three consecutive years of contraction
Management Discussion & Analysis
- • Net sales $104.8B, down $1.8B (-1.7% YoY); comparable sales -2.6% on -2.2% traffic and -0.4% avg transaction
- • Operating margin 4.9% vs 5.2% prior year; gross margin 27.9% vs 28.2%; adjusted operating margin 4.6% vs 5.2%
Risk Factors
- • IEEPA tariff ruling (Feb 2026 Supreme Court) invalidated tariff authority; replacement Section 122 tariffs imposed, with ~50% of merchandise sourced outside U.S. and China as largest single import source
- • AI-enabled competitive disruption risk: rivals deploying AI for consumer-facing platforms and internal ops; lowered barriers enabling new entrants to retail market
Financial SummaryXBRL
Revenue
$104.8B
Net Income
$3.7B
Operating Margin
4.9%
Net Margin
3.5%
ROE
22.9%
Total Assets
$59.5B
EPS (Diluted)
$8.13
Operating Cash Flow
$6.6B
Source: XBRL data from Target Corporation FY2026 10-K filing on SEC EDGAR. All figures in USD.
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