Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $93,561 | $106,005 | $109,120 | $107,412 | $106,566 |
| Gross Profit | $27,384 | $31,042 | $26,891 | $29,676 | $30,064 |
| Operating Income | $6,539 | $8,946 | $3,848 | $5,707 | $5,566 |
| Net Income | $4,368 | $6,946 | $2,780 | $4,138 | $4,091 |
Over the past five years, Target Corporation’s revenue has shown resilience, growing from USD 93.6 billion in 2021 to a peak of USD 109.1 billion in 2023 before moderating slightly in subsequent years. The growth from 2021 to 2022 was robust, with revenue increasing by approximately 13%, accompanied by improvements in gross profit (an increase from USD 27.4 billion to USD 31.0 billion) and operating income rising from USD 6.5 billion to USD 8.9 billion. However, 2023 marked a significant turning point. Despite a marginal increase in revenue to USD 109.1 billion, gross profit declined by roughly 13% compared to 2022, and operating income experienced a dramatic plunge of over 57% to USD 3.8 billion. Net income followed suit, dropping from USD 6.9 billion in 2022 to around USD 2.8 billion in 2023, representing a significant year-over-year decline. This marked deterioration in profitability indicators in 2023 suggests that Target faced operational challenges that year. Given the competitive dynamics of the retail sector—including increased e-commerce pressures, supply chain disruptions, and rising operating costs—Target’s margins appear to have been compressed despite relatively stable revenue levels. Although profitability metrics recovered modestly in 2024 and 2025, they did not return to the peaks observed in 2021 or 2022. Overall, while Target’s revenue performance remains strong and reflects solid market penetration and brand strength, the significant swings in operating and net income warrant further investigation into cost management and operational efficiency. These metrics, taken together, suggest that the company maintains a resilient overall financial health though sustainability may hinge on addressing margin pressures in an evolving retail landscape.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.