Short answer
Target Corporation (TGT) filed its Q4 2025 10-Q quarterly report on Nov 26, 2025 for the quarter ended Nov 1, 2025. Quarterly revenue was $25.3B (down 1.6% year over year) with net income of $689M.
Q4 2025 key financials · XBRL
- Revenue
- $25.3B
- −1.6% YoY · +0.2% QoQ
- Net income
- $689M
- −19.3% YoY · −26.3% QoQ
- Operating margin
- 3.8%
- EPS (diluted)
- $1.52
- −17.8% YoY · −25.9% QoQ
Source: XBRL data from the Target Corporation (TGT) Q4 2025 10-Q on SEC EDGAR. USD.
Target Corporation Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $25.27B, down 1.5% YoY from $25.67B in Q3 FY24
- Operating margin 3.8% vs 4.6% YoY; operating income $0.9B, down 18.9%
- Best segment: Digitally originated comparable sales up 2.4%; worst: store-originated comp. sales down 3.8%
- Cash & equivalents rose to $3.8B vs $3.4B YoY; operating cash flow $3.5B YTD, down from $4.1B prior year
- Management notes U.S. tariffs, business transformation costs, and evolving consumer trends as near-term headwinds
Risk Factors
- No material changes to risk factors since 10-K for fiscal year ended February 1, 2025
- Competitive retail landscape risks from evolving consumer preferences and e-commerce growth continue
- Supply chain disruptions remain a risk, affecting inventory management and product availability
- Potential cybersecurity threats impacting customer data security and operational continuity
- Economic conditions and inflation pressures influencing consumer spending and cost structure
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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