TARGET CORP

Retail-Variety Stores·MINNEAPOLIS, MN·FY end 02/01·CIK 27419

CEO Pay Ratio

794:1

Brian C. Cornell

CEO Total Comp

$21.8M

Brian C. Cornell

Median Employee

—

Revenue

$104.8B

FY 2025

Net Income

$3.7B

FY 2025

Free Cash Flow

$2.8B

FY 2025

Net Margin

3.5%

Insider Net (180d)

-$240.6K

0 buys / 1 sales

CEO Pay Accountability

CEO comp as % of net income

0.59%

For every $1,000 of profit, $5.89 flows to the CEO.

CEO comp as % of buybacks

5.35%

CEO comp equals 53.5‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$104.8B	$106.6B	$107.4B	$109.1B	$106.0B
Gross Profit	—	—	—	—	—	—
Operating Income	$5.1B	$5.6B	$5.7B	$3.8B	$8.9B
Net Income	$3.7B	$4.1B	$4.1B	$2.8B	—
Operating CF	$6.6B	$7.4B	$8.6B	$4.0B	$8.6B
Capex	$3.7B	$2.9B	$4.8B	$5.5B	$3.5B
Free Cash Flow	$2.8B	$4.5B	$3.8B	-$1.5B	$5.1B
Buybacks	$408.0M	$1.0B	$0	$2.8B	$7.4B
Dividends	$2.1B	$2.0B	$2.0B	$1.8B	$1.5B

Gross Margin	—	—	—	—	—	—
Operating Margin	4.9%	5.2%	5.3%	3.5%	8.4%
Net Margin	3.5%	3.8%	3.9%	2.5%	—
FCF Margin	2.7%	4.2%	3.6%	-1.4%	4.8%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	22.3%	22.2%	21.9%	18.7%	22.0%
Debt / Equity	0.89	0.95	1.05	1.26	0.90
Buybacks / FCF	14.4%	22.5%	0.0%	-187.2%	144.8%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Brian C. CornellChair & former Chief Executive Officer	$1.4M	$18.6M	—	$1.2M	$624.9K	$21.8M
CornellCEO	—	—	—	—	—	$21.8M
Michael J. FiddelkeFormer EVP & Chief Operating Officer and current Chief Executive Officer	$1.1M	$7.9M	—	$477.3K	$202.1K	$9.6M
Jim LeeEVP & Chief Financial Officer	$850.0K	$5.1M	—	$379.4K	$74.5K	$6.4M
Richard H. GomezFormer EVP & Chief Commercial Officer	$837.0K	$4.8M	—	$374.3K	$146.3K	$6.2M
Amy TuFormer EVP & Chief Legal & Compliance Officer	$285.6K	$4.5M	—	—	$1.0M	$5.8M
Melissa K. KremerEVP & Chief HR Officer	$787.0K	$4.1M	—	$352.0K	$141.8K	$5.4M
Tu	—	—	—	—	—	—
Fiddelke	—	—	—	—	—	—
Gomez	—	—	—	—	—	—
Kremer	—	—	—	—	—	—
Lee	—	—	—	—	—	—