Target annual capital expenditures (capex)
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Target Capital Expenditures (CapEx) Growth & History (TGT)
Target's capital expenditures (capex) was $3.73B for fiscal 2025.
View full Target company overviewTarget annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-01-31 | $3.73B | $836.0M | +28.92% |
| 2024 | 2025-02-01 | $2.89B | −$1.92B | −39.85% |
| 2023 | 2024-02-03 | $4.81B | −$722.0M | −13.06% |
| 2022 | 2023-01-28 | $5.53B | $1.98B | +55.98% |
| 2021 | 2022-01-29 | $3.54B | $895.0M | +33.79% |
| 2020 | 2021-01-30 | $2.65B | −$378.0M | −12.49% |
| 2019 | 2020-02-01 | $3.03B | −$489.0M | −13.91% |
| 2018 | 2019-02-02 | $3.52B | $983.0M | +38.81% |
| 2017 | 2018-02-03 | $2.53B | $986.0M | +63.74% |
| 2016 | 2017-01-28 | $1.55B | $109.0M | +7.58% |
| 2015 | 2016-01-30 | $1.44B | −$348.0M | −19.48% |
| 2014 | 2015-01-31 | $1.79B | −$100.0M | −5.30% |
| 2013 | 2014-02-01 | $1.89B | −$460.0M | −19.61% |
| 2012 | 2013-02-02 | $2.35B | −$2.02B | −46.29% |
| 2011 | 2012-01-28 | $4.37B | $2.24B | +105.17% |
| 2010 | 2011-01-29 | $2.13B | $400.0M | +23.13% |
| 2009 | 2010-01-30 | $1.73B | −$1.82B | −51.25% |
| 2008 | 2009-01-31 | $3.55B | −$822.0M | −18.81% |
| 2007 | 2008-02-02 | $4.37B | — | — |
Target quarterly capital expenditures (capex)
Q3.08
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
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Q2.15
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Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-08-01 | $1.37B | $295.0M | +27.47% |
| Q1 2026 | 2026-05-02 | $1.03B | $245.0M | +31.01% |
| Q4 2025 | 2026-01-31 | $885.0M | −$38.0M | −4.12% |
| Q3 2025 | 2025-11-01 | $978.0M | $323.0M | +49.31% |
| Q2 2025 | 2025-08-02 | $1.07B | $435.0M | +68.08% |
| Q1 2025 | 2025-05-03 | $790.0M | $116.0M | +17.21% |
| Q4 2024 | 2025-02-01 | $923.0M | $69.0M | +8.08% |
| Q3 2024 | 2024-11-02 | $655.0M | −$472.0M | −41.88% |
| Q2 2024 | 2024-08-03 | $639.0M | −$581.0M | −47.62% |
| Q1 2024 | 2024-05-04 | $674.0M | −$931.0M | −58.01% |
| Q4 2023 | 2024-02-03 | $854.0M | −$351.0M | −29.13% |
| Q3 2023 | 2023-10-28 | $1.13B | −$673.0M | −37.39% |
| Q2 2023 | 2023-07-29 | $1.22B | −$351.0M | −22.34% |
| Q1 2023 | 2023-04-29 | $1.60B | $653.0M | +68.59% |
| Q4 2022 | 2023-01-28 | $1.21B | $144.0M | +13.57% |
| Q3 2022 | 2022-10-29 | $1.80B | $655.0M | +57.21% |
| Q2 2022 | 2022-07-30 | $1.57B | $773.0M | +96.87% |
| Q1 2022 | 2022-04-30 | $952.0M | $412.0M | +76.30% |
| Q4 2021 | 2022-01-29 | $1.06B | $421.0M | +65.78% |
| Q3 2021 | 2021-10-30 | $1.15B | $550.0M | +92.44% |
| Q2 2021 | 2021-07-31 | $798.0M | $135.0M | +20.36% |
| Q1 2021 | 2021-05-01 | $540.0M | −$211.0M | −28.10% |
| Q4 2020 | 2021-01-30 | $640.0M | $16.0M | +2.56% |
| Q3 2020 | 2020-10-31 | $595.0M | −$414.0M | −41.03% |
| Q2 2020 | 2020-08-01 | $663.0M | −$76.0M | −10.28% |
| Q1 2020 | 2020-05-02 | $751.0M | $96.0M | +14.66% |
| Q4 2019 | 2020-02-01 | $624.0M | −$19.0M | −2.95% |
| Q3 2019 | 2019-11-02 | $1.01B | −$8.0M | −0.79% |
| Q2 2019 | 2019-08-03 | $739.0M | −$290.0M | −28.18% |
| Q1 2019 | 2019-05-04 | $655.0M | −$172.0M | −20.80% |
| Q4 2018 | 2019-02-02 | $643.0M | $159.0M | +32.85% |
| Q3 2018 | 2018-11-03 | $1.02B | $171.0M | +20.21% |
| Q2 2018 | 2018-08-04 | $1.03B | $312.0M | +43.51% |
| Q1 2018 | 2018-05-05 | $827.0M | $341.0M | +70.16% |
| Q4 2017 | 2018-02-03 | $484.0M | $121.0M | +33.33% |
| Q3 2017 | 2017-10-28 | $846.0M | $346.0M | +69.20% |
| Q2 2017 | 2017-07-29 | $717.0M | $318.0M | +79.70% |
| Q1 2017 | 2017-04-29 | $486.0M | $201.0M | +70.53% |
| Q4 2016 | 2017-01-28 | $363.0M | $54.0M | +17.48% |
| Q3 2016 | 2016-10-29 | $500.0M | $81.0M | +19.33% |
| Q2 2016 | 2016-07-30 | $399.0M | $41.0M | +11.45% |
| Q1 2016 | 2016-04-30 | $285.0M | −$67.0M | −19.03% |
| Q4 2015 | 2016-01-30 | $309.0M | −$115.0M | −27.12% |
| Q3 2015 | 2015-10-31 | $419.0M | −$62.0M | −12.89% |
| Q2 2015 | 2015-08-01 | $358.0M | −$52.0M | −12.68% |
| Q1 2015 | 2015-05-02 | $352.0M | −$119.0M | −25.27% |
| Q4 2014 | 2015-01-31 | $424.0M | −$529.0M | −55.51% |
| Q3 2014 | 2014-11-01 | $481.0M | −$441.0M | −47.83% |
| Q2 2014 | 2014-08-02 | $410.0M | −$606.0M | −59.65% |
| Q1 2014 | 2014-05-03 | $471.0M | −$430.0M | −47.72% |
| Q4 2013 | 2014-02-01 | $953.0M | $945.0M | +11812.50% |
| Q3 2013 | 2013-11-02 | $922.0M | $187.0M | +25.44% |
| Q2 2013 | 2013-08-03 | $1.02B | $242.0M | +31.27% |
| Q1 2013 | 2013-05-04 | $901.0M | $72.0M | +8.69% |
| Q4 2012 | 2013-02-02 | $8.0M | −$610.0M | −98.71% |
| Q3 2012 | 2012-10-27 | $735.0M | −$636.0M | −46.39% |
| Q2 2012 | 2012-07-28 | $774.0M | −$973.0M | −55.70% |
| Q1 2012 | 2012-04-28 | $829.0M | $197.0M | +31.17% |
| Q4 2011 | 2012-01-28 | $618.0M | $96.0M | +18.39% |
| Q3 2011 | 2011-10-29 | $1.37B | $755.0M | +122.56% |
| Q2 2011 | 2011-07-30 | $1.75B | $1.16B | +199.14% |
| Q1 2011 | 2011-04-30 | $632.0M | $225.0M | +55.28% |
| Q4 2010 | 2011-01-29 | $522.0M | $233.0M | +80.62% |
| Q3 2010 | 2010-10-30 | $616.0M | $218.0M | +54.77% |
| Q2 2010 | 2010-07-31 | $584.0M | $82.0M | +16.33% |
| Q1 2010 | 2010-05-01 | $407.0M | −$133.0M | −24.63% |
| Q4 2009 | 2010-01-30 | $289.0M | — | — |
| Q3 2009 | 2009-10-31 | $398.0M | −$473.0M | −54.31% |
| Q2 2009 | 2009-08-01 | $502.0M | — | — |
| Q1 2009 | 2009-05-02 | $540.0M | — | — |
| Q3 2008 | 2008-11-01 | $871.0M | — | — |
Target capital expenditures (capex) trends
Over the last five fiscal years, Target's capital expenditures (capex) increased from $2.65B to $3.73B, a change of $1.08B. The latest reported quarter, Q2 2026, shows $1.37B.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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