The chart above shows the net income of Target corporation in millions of US dollars from 2013 to 2022. In 2022, the company experienced a sharp decline in its net income compared to the previous fiscal. Target Corporation generated $2,780 million in net income in 2022 compared to $6,946 million in 2021. However, its net revenue remained $ 3 billion higher compared to the prior year.
Target Corporation Net Income 2002-2022
Amounts are in $ millions.
| Year | Net Earnings ($m) |
| 2022 | $2,780 |
| 2021 | $6,946 |
| 2020 | $4,368 |
| 2019 | $3,281 |
| 2018 | $2,937 |
| 2017 | $2,914 |
| 2016 | $2,734 |
| 2015 | $3,363 |
| 2014 | -$1,636 |
| 2013 | $1,971 |
| 2012 | $2,999 |
| 2011 | $2,929 |
| 2010 | $2,920 |
| 2009 | $2,488 |
| 2008 | $2,214 |
| 2007 | $2,849 |
| 2006 | $2,787 |
| 2005 | $2,408 |
| 2004 | $3,198 |
| 2003 | $1,809 |
| 2002 | $1,623 |
2021: Target Corporation’s net earnings in 2021 grew to $6,946 million compared to $4,368 million in 2020. Its net earnings grew by 59% in 2021 compared to 2020. The company experienced 13.3% growth in its net revenues in 2021 compared to 2020.
Net earnings of Target Corporation grew to $2,937 million in 2018 from $2,914 million in 2017.
Target is a US retail brand, incorporated in 1902 in Minnesota. It offers its customers everyday essentials and fashionable, differentiated merchandise at discounted prices.
Net Income of Target Corporation in 2017 was 2.93 Billion US Dollars.
Target sells a wide assortment of general merchandise and food through its physical stores and digital channels. The company announced its exit from Canada in 2014. Target generates virtually all of its revenue in the US market. (Target Annual Reports).