Filing Flows › Target (TGT) › Q4 FY25
Target (TGT) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 12, 2025
Target (TGT) reported revenue of $30.9B for the fourth quarter fiscal 2025 (Q4 FY25), -3% from a year earlier and +20% from the quarter before. Operating margin was 4.7%, net earnings $1.1B (3.6% of revenue).
Target, Q4 FY25: revenue $30.9B (-3% year over year), operating margin 4.7%, net earnings $1.1B, operating cash flow $3.3B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.9B | +20% | -3% |
| Operating profit | $1.5B | +26% | -21% |
| Net earnings | $1.1B | +29% | -20% |
| Operating cash flow | $3.3B | +345% | 0% |
| Free cash flow | $2.4B | 28× | -3% |
What changed
Revenue was $30.9B in Q4 FY25, down 3% year over year and up 20% from the previous quarter.
Operating profit was $1.5B, a 4.7% margin (down 1.1 points year over year). Total costs fell 2% while revenue fell 3%. Net earnings were $1.1B, down 20% year over year. The effective tax rate was 21.6%.
Operating cash flow was $3.3B (roughly flat year over year), 298% of net earnings. Non-cash charges added back $0.77B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $1.3B. Capital expenditures of $0.92B left free cash flow of $2.4B.
Questions
What was Target's revenue in the fourth quarter fiscal 2025?
Target (TGT) reported revenue of $30.9B for the fourth quarter fiscal 2025 (Q4 FY25), -3% from a year earlier and +20% from the quarter before.
Was Target profitable in the fourth quarter fiscal 2025?
Operating profit was $1.5B (4.7% of revenue) and net earnings $1.1B.
Source: Target 10-K on SEC EDGAR.