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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.SG&A carries its predictable Q4 spikes but the baseline has ratcheted higher — Q1 2026’s step-up versus prior-year Q1 and persistently elevated year‑end SG&A reflect deliberate investments in stores, remodels, and omnichannel capacity. Depreciation & amortization climbs steadily, aligning with management’s ~ $5B CapEx plan and expanding distribution footprint. In short, Target is trading near‑term margin pressure for inventory productivity and network upgrades that underpin the raised sales outlook; monitor freight, execution risk and H1 cost headwinds for margin volatility.
Date | Selling, General, and Administrative | Depreciation and Amortization |
|---|---|---|
Jun 30, 2026 | $5.72B | $651.00M |
Mar 31, 2026 | $5.56B | $685.00M |
Dec 31, 2025 | $6.05B | $681.00M |
Sep 30, 2025 | $5.54B | $649.00M |
Jun 30, 2025 | $5.36B | $632.00M |
Mar 31, 2025 | $4.59B | $655.00M |
Dec 31, 2024 | $6.00B | $646.00M |
Sep 30, 2024 | $5.49B | $639.00M |
Jun 30, 2024 | $5.39B | $626.00M |
Mar 31, 2024 | $5.17B | $618.00M |