Revenue Growth Driven by Top-Line Expansion
Total revenue increased 6.7% YoY to $25.44B in Q2 FY2026, up from $23.85B in the prior-year period, indicating solid top-line momentum likely supported by traffic and/or basket size growth.
TARGET CORP is expected to release its Q3 2026 10-Q filing on August 19, 2026, before market open. Last quarter: Target's Q2 FY2026 revenue grew 6.7% YoY to $25.4B, but net income fell 24.6% to $781M as a 21.2% surge in SG&A expenses crushed operating margins to 4.5% from 6.2% a year ago.
Drawn from management commentary in the Q2 2026 10-Q:
Total revenue increased 6.7% YoY to $25.44B in Q2 FY2026, up from $23.85B in the prior-year period, indicating solid top-line momentum likely supported by traffic and/or basket size growth.
SG&A expenses surged 21.2% YoY to $5.56B from $4.59B, far outpacing revenue growth of 6.7%, which was the primary driver of the 22.9% decline in operating income to $1.14B.
Operating margin contracted sharply by approximately 171 basis points to 4.46% from 6.17% in the prior-year quarter, reflecting the disproportionate rise in operating expenses relative to revenue.
Revenue
$25.44B
++6.70% YoY
EPS (Basic)
$1.72
-24.56% YoY
Operating Income
$1.14B
-22.89% YoY
Add TGT to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.