NYSE$TGT
Target Corp · Q3 2026 earnings
Q3 2026 earnings · · Before market open · Investor relations
Briefing
TGT Q3 2026 — $25.30B revenue, 1.52 EPS
While these statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for fair presentation of the results of the interim period, they do not include all of. Target Corp reported Q3 2026 results. Diluted EPS came in at $1.52. Net income of $3K. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.
- Revenue: $25.30B.
- Diluted EPS: $1.52.
- Adjusted EPS: $1.78.
- Net income: $3K.
- Operating income: $948.
Headline financials
Revenue & EPS history
Target · Revenue · Quarterly
$25.3B
Revenue by segment
Target · $25.4B total across 9 segments · Q1 2027
- Food & beverage$6.26B—24.7%
- Household essentials$4.57B—18.0%
- Apparel & accessories$3.85B—15.1%
- Hardlines (Fun 101)$3.52B—13.9%
- Beauty$3.4B—13.4%
- Home furnishings & décor$3.24B—12.8%
- Advertising revenue$246M—1.0%
- Other$173M—0.7%
- Credit card profit sharing$130M—0.5%
Forward guidance
Target expects a low-single digit decline in Q4 sales and has updated full-year EPS guidance.
Tailwinds
- Maintains expectation of low-single digit sales decline for Q4 2025.
- Adjusted EPS guidance range reaffirmed at $7.00 to $8.00.
- Over 20,000 new items for holiday season, more than double last year.
- Expanded next-day shipping to more than half of U.S. population.
- Holiday pricing strategy includes Thanksgiving meals under $20 and thousands of gifts under $20.
Headwinds
- Overall comparable sales declined 2.7% in Q3.
- Store traffic dropped 2.2% from last year.
- Merchandise sales fell 1.9% year-over-year.
- Operating income dropped 18.9% to $948 million.
- Operating margin rate decreased to 3.8% from 4.6% last year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2026
-0.3%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-1.2%
Avg return
30 days after
41%
28 / 69 earnings
Positive
+24.3%
Q2 2019
Best reaction
-28.7%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -4.6% | — | — | |
| Q4 2026 | +4.3% | +6.7% | +6.4% | |
| Q3 2026 | -2.3% | -4.5% | +10.7% | |
| Q2 2026 | -7.9% | -7.8% | -16.4% | |
| Q1 2025 | -5.3% | -3.9% | -2.6% | |
| Q4 2024 | -3.0% | -4.7% | -21.9% | |
| Q3 2024 | -22.1% | -16.3% | -15.7% | |
| Q2 2024 | +8.7% | +10.1% | +7.2% | |
| Q1 2024 | -7.3% | -6.8% | -6.2% | |
| Q4 2023 | +15.3% | +12.8% | +14.4% | |
| Q3 2023 | +17.3% | +0.4% | +7.2% | |
| Q2 2023 | +4.0% | +2.2% | -1.6% | |
| Q1 2023 | -1.7% | -3.2% | -14.7% | |
| Q4 2022 | -2.6% | -0.5% | -3.9% | |
| Q3 2022 | -9.5% | -11.7% | -18.2% | |
| Q2 2022 | -4.0% | -10.1% | -8.9% | |
| Q1 2022 | -28.7% | -28.5% | -35.3% | |
| Q4 2021 | +12.6% | +12.2% | +6.2% | |
| Q3 2021 | -5.4% | -8.2% | -16.2% | |
| Q2 2021 | -3.6% | -0.8% | -3.1% | |
| Q1 2021 | +7.4% | +9.2% | +11.7% | |
| Q4 2020 | -6.7% | -7.2% | +7.9% | |
| Q3 2020 | +5.1% | +8.9% | +4.5% | |
| Q2 2020 | +11.2% | +11.9% | +8.7% | |
| Q1 2020 | -3.6% | -4.6% | -2.1% | |
| Q4 2019 | -1.1% | -2.9% | -13.5% | |
| Q3 2019 | +15.2% | +12.9% | +16.5% | |
| Q2 2019 | +24.3% | +22.5% | +24.7% | |
| Q1 2019 | +10.3% | +13.4% | +21.7% | |
| Q4 2018 | +5.8% | +4.3% | +12.0% | |
| Q3 2018 | -11.0% | -13.4% | -20.7% | |
| Q2 2018 | +4.1% | +4.0% | +4.9% | |
| Q1 2018 | -6.0% | -5.6% | +0.8% | |
| Q4 2017 | -4.9% | -6.2% | -3.6% | |
| Q3 2017 | -8.3% | -3.7% | +4.2% | |
| Q2 2017 | +3.3% | +4.1% | +10.3% | |
| Q1 2017 | +2.4% | +1.7% | -3.5% | |
| Q4 2016 | -13.6% | -14.3% | -17.4% | |
| Q3 2016 | +6.6% | +7.1% | +7.4% | |
| Q2 2016 | -6.9% | -6.7% | -8.3% | |
| Q1 2016 | -8.9% | — | — | |
| Q4 2015 | +6.3% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | +5.5% | — | — | |
| Q2 2014 | +3.1% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | +7.3% | — | — | |
| Q3 2013 | -4.2% | — | — | |
| Q2 2013 | -5.5% | — | — | |
| Q1 2013 | -3.6% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | +1.8% | — | — | |
| Q2 2012 | +0.8% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q1 2010 | -2.5% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q4 2010 | +1.2% | — | — | |
| Q4 2008 | +1.2% | — | — | |
| Q3 2010 | -0.0% | — | — | |
| Q3 2009 | -0.0% | — | — | |
| Q2 2010 | -0.6% | — | — | |
| Q2 2009 | -0.6% | — | — | |
| Q4 2009 | -0.6% | — | — |
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