Target Corp
Close on Nov 2, 2026Market cap $71.95BP/E 16.4Yield 2.87%
Target ROIC Denominator — Average Invested Capital by Quarter
ROIC Denominator — Average Invested Capital ($M) ($M)
Target ROIC Denominator — Average Invested Capital: $31,470M in Q2 FY26, up 2.5% from a year earlier.
Where the Q2 FY26 figure comes from
“|| Average invested capital (d) | $ | 31,470 | $ | 30,715”
Source: Form 10-Q (filed 2026-08-28) ↗
Reported in Form 10-Q / 10-K / 8-K Non-GAAP ROIC Schedule.
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | ROIC Denominator — Average Invested Capital ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| Q2 FY26 | Aug 1, 2026 | 31,470 | +2.5% | Form 10-Q (filed 2026-08-28) ↗ |
| Q1 FY26 | May 2, 2026 | 31,761 | +3.3% | Form 10-Q (filed 2026-05-29) ↗ |
| Q4 FY25 | Jan 31, 2026 | 30,373 | +2.9% | Form 10-K (filed 2026-03-11) ↗ |
| Q3 FY25 | Nov 1, 2025 | 31,451 | +3.5% | Form 10-Q (filed 2025-11-26) ↗ |
| Q2 FY25 | Aug 2, 2025 | 30,715 | +3.2% | Form 10-Q (filed 2025-08-29) ↗ |
| Q1 FY25 | May 3, 2025 | 30,757 | +3.4% | Form 10-Q (filed 2025-05-30) ↗ |
| Q4 FY24 | Feb 1, 2025 | 29,526 | +3.0% | Form 10-K (filed 2025-03-12) ↗ |
| Q3 FY24 | Nov 2, 2024 | 30,376 | +2.4% | Form 10-Q (filed 2024-11-27) ↗ |
| Q2 FY24 | Aug 3, 2024 | 29,760 | +4.6% | Form 10-Q (filed 2024-08-30) ↗ |
| Q1 FY24 | May 4, 2024 | 29,737 | +5.5% | Form 10-Q (filed 2024-05-31) ↗ |
| Q4 FY23 | Feb 3, 2024 | 28,674 | +11.4% | Form 10-K (filed 2024-03-13) ↗ |
| Q3 FY23 | Oct 28, 2023 | 29,670 | +12.1% | Form 10-Q (filed 2023-11-22) ↗ |
| Q2 FY23 | Jul 29, 2023 | 28,454 | +13.0% | Form 10-Q (filed 2023-08-25) ↗ |
| Q1 FY23 | Apr 29, 2023 | 28,199 | +14.2% | Form 10-Q (filed 2023-05-26) ↗ |
| Q4 FY22 | Jan 28, 2023 | 25,729 | +15.8% | Form 10-K (filed 2023-03-08) ↗ |
| Q3 FY22 | Oct 29, 2022 | 26,469 | +15.3% | Form 10-Q (filed 2022-11-23) ↗ |
| Q2 FY22 | Jul 30, 2022 | 25,183 | +11.9% | Form 10-Q (filed 2022-08-26) ↗ |
| Q1 FY22 | Apr 30, 2022 | 24,686 | +8.1% | Form 10-Q (filed 2022-05-27) ↗ |
| Q4 FY21 | Jan 29, 2022 | 22,210 | +0.3% | Form 10-K (filed 2022-03-09) ↗ |
| Q3 FY21 | Oct 30, 2021 | 22,947 | -2.3% | Form 10-Q (filed 2021-11-24) ↗ |
| Q2 FY21 | Jul 31, 2021 | 22,502 | -2.2% | Form 10-Q (filed 2021-08-27) ↗ |
| Q1 FY21 | May 1, 2021 | 22,840 | -4.6% | Form 10-Q (filed 2021-05-28) ↗ |
| Q4 FY20 | Jan 30, 2021 | 22,134 | -4.6% | Form 10-K (filed 2021-03-10) ↗ |
| Q3 FY20 | Oct 31, 2020 | 23,491 | -3.6% | Form 10-Q (filed 2020-11-25) ↗ |
| Q2 FY20 | Aug 1, 2020 | 23,011 | -2.7% | Form 10-Q (filed 2020-08-28) ↗ |
| Q1 FY20 | May 2, 2020 | 23,940 | -0.7% | Form 10-Q (filed 2020-05-29) ↗ |
| Q4 FY19 | Feb 1, 2020 | 23,208 | +1.6% | Form 10-K (filed 2020-03-11) ↗ |
| Q3 FY19 | Nov 2, 2019 | 24,369 | +3.8% | Form 10-Q (filed 2019-11-27) ↗ |
| Q2 FY19 | Aug 3, 2019 | 23,652 | +2.4% | Form 10-Q (filed 2019-08-30) ↗ |
| Q1 FY19 | May 4, 2019 | 24,116 | +3.5% | Form 10-Q (filed 2019-05-31) ↗ |
| Q4 FY18 | Feb 2, 2019 | 22,832 | – | Form 10-K (filed 2020-03-11) ↗ |
| Q3 FY18 | Nov 3, 2018 | 23,481 | – | Form 10-Q (filed 2019-11-27) ↗ |
| Q2 FY18 | Aug 4, 2018 | 23,090 | – | Form 10-Q (filed 2019-08-30) ↗ |
| Q1 FY18 | May 5, 2018 | 23,310 | – | Form 10-Q (filed 2019-05-31) ↗ |
Breakdown
What makes up ROIC Denominator — Average Invested Capital
- Ending Invested Capital ($M)31,522 · Q2 FY26
- Current Portion of Long-Term Debt & Other Borrowings ($M)1,136 · Q2 FY26
- Noncurrent Portion of Long-Term Debt ($M)14,221 · Q2 FY26
- Total Shareholders' Investment ($M)17,843 · Q2 FY26
- Operating Lease Liabilities (Current + Noncurrent, $M)3,733 · Q2 FY26
- Less: Cash and Cash Equivalents ($M)5,411 · Q2 FY26
Cite this data
StockData. (2026). Target ROIC Denominator — Average Invested Capital ($M), quarterly Q1 FY18–Q2 FY26 [Data set]. Compiled from Target SEC filings and investor materials. https://stockdatahq.com/stocks/tgt/kpis/roic-avg-invested-cap-m
See every metric in the Target KPI table. Data updated Oct 28, 2026.