Target Corporation balance sheet

At the end of fiscal 2026, Target Corporation had total assets of $59.49bn and shareholders' equity of $16.16bn. It held $5.49bn in cash against $14.40bn of debt: net debt of $8.91bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Target Corporation: balance sheet, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Feb 2013	2014Feb 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Feb 2024	2025Feb 2025	2026Jan 2026	LTMAug 2026
Cash and equivalents	—	—	—	—	—	—	4.0	2.5	2.6	1.6	2.6	8.5	5.9	2.2	3.8	4.8	5.5	5.4
Receivables	—	—	—	—	—	—	—	—	—	—	0.5	0.6	0.8	1.2	0.9	1.0	1.3	—
Inventory	7.2	7.6	7.9	7.9	8.3	8.3	8.6	8.3	8.6	9.5	9.0	10.7	13.9	13.5	11.9	12.7	12.3	13.2
Total current assets	18.4	17.2	16.4	16.4	11.6	13.6	14.1	12.0	12.5	12.5	12.9	20.8	21.6	17.8	17.5	19.5	20.0	20.9
Goodwill	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	—
Total assets	44.5	43.7	46.6	48.2	44.6	41.2	40.3	37.4	40.3	41.3	42.8	51.2	53.8	53.3	55.4	57.8	59.5	61.2
Accounts payable	6.5	6.6	6.9	7.1	7.3	7.8	7.4	7.3	8.7	9.8	9.9	12.9	15.5	13.5	12.1	13.1	12.6	13.3
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	0.8	0.9	—	—	—	—	—	—	—
Total current liabilities	11.3	10.1	14.3	14.0	12.8	11.7	12.6	12.7	13.1	15.0	14.5	20.1	21.7	19.5	19.3	20.8	21.2	21.2
Short-term debt	—	0.1	3.8	2.0	1.1	0.1	0.8	1.7	0.3	1.1	0.2	—	—	—	—	—	—	—
Long-term debt	10.6	15.6	13.7	14.7	11.7	11.9	11.9	11.7	10.4	10.2	10.0	10.6	11.6	14.1	14.2	13.9	14.4	14.2
Total debt	10.6	15.7	17.5	16.7	12.8	12.0	12.7	13.4	10.7	11.3	10.2	10.6	11.6	14.1	14.2	13.9	14.4	15.4
Shareholders' equity	15.3	15.5	15.8	16.6	16.2	14.0	13.0	10.9	11.7	11.3	11.8	14.4	12.8	11.2	13.4	14.7	16.2	17.8
Net debt (negative = net cash)	—	—	—	—	—	—	8.6	10.9	8.1	9.7	7.6	2.1	5.7	11.9	10.3	9.1	8.9	9.9
Shares outstanding	745m	704m	669m	645m	633m	640m	602m	556m	542m	518m	504m	501m	471m	460m	462m	456m	453m	454m

US$ billions unless shown otherwise. Fiscal quarters.

Target Corporation: balance sheet, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Jan 2026	2027 Q1May 2026	2027 Q2Aug 2026
Receivables	—	1.0	—	—	—	1.3	—	—
Inventory	15.2	12.7	13.0	12.9	14.9	12.3	12.3	13.2
Total current assets	20.6	19.5	17.8	19.0	20.7	20.0	18.1	20.9
Goodwill	—	0.6	—	—	—	0.6	—	—
Total assets	58.5	57.8	56.2	57.9	60.0	59.5	58.0	61.2
Accounts payable	14.4	13.1	11.8	12.0	13.8	12.6	12.2	13.3
Total current liabilities	21.8	20.8	19.0	19.2	21.2	21.2	19.4	21.2
Long-term debt	14.3	13.9	14.3	15.3	15.4	14.4	14.3	14.2
Total debt	14.3	13.9	14.3	15.3	15.4	14.4	14.3	14.2
Shareholders' equity	14.5	14.7	14.9	15.4	15.5	16.2	16.4	17.8
Shares outstanding	459m	456m	454m	454m	453m	453m	454m	454m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Target Corporation's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Target Corporation.