The companies on the Global 500 employ 70.2 million people, and their revenue represents more than one-third of the world’s GDP.

Fortune Global 500

With a combined revenue of $21 trillion and $2.1 trillion in profits, the 2026 Fortune 500 is the definitive list of America's largest companies.

Fortune 500

The 300 companies on this year’s list brought in over $12.5 trillion in revenue for the latest 12 months, with the median revenue figure at $24 billion.

America's Most Innovative Companies

This year's 100 Best Companies to Work For are rebuilding the social contract at work so people feel supported, trusted, and future-ready as they undergo that transition.

100 Best Places to Work 2026_Target Corporation

Employees say:"I believe Target is a great place to work because the management genuinely values employee input and encourages us to share ideas for improving the store. I’ve seen firsthand how suggestions are taken seriously, leading to initiatives like improved scheduling flexibility and enhanced training programs. This supportive environment, combined with competitive benefits, makes me feel truly valued and motivated to excel every day."

Fortune 100 Best Companies to Work For

See which workplaces made this year's list.

2025_GPTW_Retail_Large_Target Corporation_US1__685d56f6023fa8a02634236e_3

Best Large Workplaces in Retail

The corporations on our annual list of the world's 500 largest companies combined to generate $41.7 trillion in revenue over the past year.

Almost $20 trillion in revenue—and a record-breaking $1.87 trillion in profits. Introducing the 2025 Fortune 500, the definitive list of the biggest companies in America.

The top companies on our list have one thing in common: Staff largely trust leadership to see them as well-rounded people and reward them for a job well done.

GPTW_100BestCompaniesToWorkFor_2025-Target Corporation_US1__20241210214006_3

Employees say: "The sense of connection this company has with its employees is truly unique. The level of care that Target shows through benefits offerings, community involvement, and developmental investment is unparalleled in the industry."

The 300 companies on this year’s list brought in over $12.6 trillion in revenue for the latest 12 months, with the median revenue figure at $22 billion.

Leaders in all industries rely more than ever on Big Tech—and appreciate the giants that deliver, at scale, without drama.

World's Most Admired Companies

GPTW Retail Large 2024-Target Corporation_US1__20240712204823_4

Employees say:"I love the culture of Target. Always have. I worked for Target 25 years ago as a TL then came back as an ETL. I always took the culture and values I learned at Target to other places I worked. As an ETL I work a lot of hours and a lot of work is expected but never have I wavered on feeling proud to work for this company. I enjoy coming to work, seeing my co-workers and most days, feel accomplished in the work that I complete. Thank you for allowing me to have a career that has provided me so much joy!"

The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.

Industries included in the sector are automotive retail, general merchandisers, internet retail, and specialty retail.

Fortune Sector Leaders: Retailing

The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue.

Creating a more empathetic workplace looks like staying loyal to workers, emphasizing D&I initiatives, and paying well.

100 Best Companies 2024-Target Corporation

Down 39 spots from last year’s list, retail behemoth Target weathered nine store closures in September due to “<a href="https://www.axios.com/2023/09/26/target-stores-closing-list-2023-theft-crime">theft and organized retail crime</a>,” which came a few months after it pulled Pride merch from its shelves following conservative customer backlash, which the company said <a href="https://www.npr.org/2023/08/16/1194176045/target-sales-lgbtq-pride-bud-light">impacted sales</a>. At the same time, Target expanded its Target Forward strategy to offer benefits and career growth opportunities, physical and mental health support, and family support. It also expanded access to health benefits for hourly paid employees working 25 hours per week, with 20% more employees becoming eligible for the benefits. Target also told Fortune that CEO <a href="https://www.google.com/search?sca_esv=dea8dac3f91dbfe3&amp;rlz=1C5GCCM_en&amp;sxsrf=ACQVn09I5zSQpBwdjS7I4tVhL87Vj3cu8g:1709732397695&amp;q=Brian+Cornell&amp;stick=H4sIAAAAAAAAAONgVuLSz9U3MC4vL8ozesRoyi3w8sc9YSmdSWtOXmNU4-IKzsgvd80rySypFJLgYoOy-KR4uJC08Sxi5XUqykzMU3DOL8pLzckBAPS_UdhWAAAA&amp;sa=X&amp;ved=2ahUKEwiVx-bB4d-EAxVSrYkEHRqeCjkQzIcDKAB6BAgfEAE">Brian Cornell</a> frequently travels to stores and supply-chain facilities unannounced to familiarize himself with employees’ work. He meets with summer interns and hosts monthly meets with officers, which have hundreds of employees in attendance. &nbsp;The company continues to invest in increasing employee wages. In 2017, the retailer announced a path to raise its starting wage to $15 an hour, and it reached the goal in 2020. In 2022, the company set starting wages with a range of $15 to $24 an hour for hourly employees, depending on the market. &nbsp;Target’s Dream to Be program gives part- and full-time employees in the U.S. access to tuition-free bachelors’ and associate degrees and certificates from 250 programs across 40 schools. The program also provides up to $10,000 per year for master’s degrees available within its catalog. Among enrollees, turnover is 70% lower, and promotions are three times higher.

The 200 companies on this list are transforming industries from the inside out.

The 26th edition of the list shows how much esteem Big Tech giants command among other business leaders.

WMA-2024-Target

The 25th Fortune World’s Most Admired Companies list suggests that tech giants’ peers respect them as much as ever.

WMAC 2023-Target

Building a culture of trust and transparency is essential to help everyone thrive, especially in rocky economic times.

100 BEST COMPANIES 2023-Target

As one of the world’s leading retailers, Target is committed to changing the world, starting with its employees. 
<ul> 
 	<li>Target sets aggressive goals for investing in diverse employees and suppliers. Between 2019 and 2021, they met or exceeded their goals, including increasing promotions of people of color by 62% and spending $1.78 billion with diverse suppliers.</li> 
 	<li>The Target Forward commitment prioritizes sustainable brands, eliminating waste, and boosting opportunity and equity.</li> 
 	<li>The company recently launched a debt-free education assistance program, offering financial aid for full-time and part-time team members at stores, supply chain facilities, and headquarter locations who are seeking degrees.</li> 
 	<li>Target <a href="https://www.cnbc.com/2022/06/28/target-will-cover-employees-travel-to-other-states-for-abortion.html">covers travel costs for employees seeking abortions</a> in another state.</li> 
 	<li>“I think it is unique that Target invites people to bring their authentic self to the workplace. I assist with the hiring process, so I have often gotten the questions like, ‘I have piercings (or tattoos or hot-pink hair),’ and I am happy to say that you don’t have to cover that up,” noted one employee. “And in more recent years, I can proudly tell people who are trans or nonbinary that they can be known and accepted by their preferred name and pronouns.”</li> 
</ul>

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

GLOBAL-500-2023-Target

The 300 companies on this list are transforming industries from the inside out.

GPTW 2023 Best Workplaces Retail Large Target Corporation_3

Employees say: 
 
"I really feel that the current leadership has made strong effort to bring out the best aspects of our culture and build on them to reinforce their importance. I have been here almost 16 years, and the friends I work with are the main reason I have stayed so long. How Target managed through the pandemic and shifted our working style to protect the team then and transition us to the hybrid model was a very clear demonstration of our culture."

The Fortune 500, in its 69th year in 2023, ranks the biggest U.S. companies by revenue.

F500 2023-Target

The retailer and grocer is the fifth-largest employer among Fortune 500 companies. While it operates nearly 2,000 U.S. stores, about 18% of its sales now originate online. 
<ul> 
 	<li>As consumers pulled back on discretionary spending in 2022, Target found itself with an inventory surplus that pushed it to slash prices. Partly as a result, profits fell 60% from fiscal year 2021, to $2.8 billion.</li> 
 	<li>After the U.S. Supreme Court’s June 2022 decision overturning Roe v. Wade, Target was among the companies declaring they would pay for employees to travel out of state to access abortion services if necessary. That announcement drew blowback from conservatives. On another culture-war front, Target’s decision in May 2023 to move Pride-themed merchandise to less prominent positions in some stores, in response to threats and angry reactions from customers, was sharply criticized by LGBTQ+ rights activists.</li> 
</ul>

Just as it dominates our economy, Big Tech now dominates Fortune’s annual ranking of corporate reputation.

WMAC-2022-19-Target

When it comes to supporting employees, flexibility, diversity, and a few extra paid days off go a long way.

100 Best 2022-Target

Throughout the pandemic, Target rolled out new benefits and programs to help its frontline workers, including awarding $200 bonuses to hourly full- and part-time store employees in July 2021. The retailer is continuing its commitment to strong teams and a supportive workplace by bolstering its minimum wage and health care benefits. In February, Target expanded its starting wage range by $9 per hour in an initiative that will roll out regionally throughout 2022. Depending on the location and position, Target will now pay a starting rate between $15 and $24 per hour. And beginning in April, Target store employees who work an average minimum of 25 hours a week will have the option to enroll in the company’s health insurance plan—an expansion that makes 20% of the retailer’s workforce newly eligible for comprehensive health care benefits.

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

Raleigh Six Forks Target Store Photoshoot

Employees say: 
 
“Having been a Target Team Member for a long time, there is no place else I would rather work at. This is my second family and we have been through everything together. The people are what keep me here! Just the different walks of life, personalities and cultures are what make it special.”

This year’s Fortune 500 marks the 68th running of the list.

F500 2022 Target

The internet’s favorite department store chain continued to thrive in 2021, as profit increased by 59% and revenue by 13.3% compared to the year before and shoppers’ behavior settled into a new normal. Drawing in customers has presented less of a problem for Target than recruiting and retaining employees in a tight labor market. Investing $300 million in initiatives to expand pay and benefits, Target announced in August 2021 that it would offer to pay college tuition and associated expenses for more than 340,000 full- and part-time employees. And in March 2022 the chain said that it would raise its minimum wage (depending on the role) from $15 an hour to as much $24 hourly.

After a year in which humanity leaned more heavily than ever on tech giants, see which companies topped Fortune's ranking of corporate reputation.

WMAC 2021-17-Target

Our 2021 list of the 100 best companies to work for, as ranked by their employees. See which companies made the list.

100-best-companies-2021-14-Target-Corporation

Target was one of the pandemic’s big retail winners, with 2020 revenue rising 20%. But the company understood it could not have reached that sales level without its employees, and was among the first to provide a $2 an hour pay increase in the hectic first months of the pandemic. The discount retailer also accelerated its minimum wage increase to $15, putting some rivals, notably Walmart and Kroger, on the defensive. And acknowledging the physical and mental health risks to its workers, Target allowed employees 65 and older or pregnant additional fully paid leave.

Total revenue for the world’s biggest companies fell 4.8% to $31.7 trillion this year—the first decline in half a decade.

G500 78 Target

After years of multibillion-dollar investments, Target emerged as a major e-commerce player during the pandemic. The company tripled its online business, and overall sales were up 20% last year. Its store brands, 10 of which are now billion-dollar labels, continued to catch on with shoppers even as Target made deeper inroads as a grocer. To maintain this momentum, Target plans to spend $4 billion annually in the next few years, opening more stores in city centers, remodeling hundreds a year, and expanding its e-commerce infrastructure.

These companies foster supportive cultures, where employees find opportunities for growth with help from their colleagues.

Best Large Workplaces New York 2021-Target-Corporation

Employees say: 
 
“Target takes care of its people and thrives when faced with uncertainty. With everything our country faced last year, Target offered incentives and took care of their employees.”

Best Large Workplaces in New York

See which retailers made this year's list.

Best-Workplaces-Retail-2021-Target

Employees say: 
 
“What I find unique about working at Target is that they truly give equal opportunity and don't base any decisions on your race or gender or just the way you look. All different types of people are given a chance to work here and be part of a team.”

The companies on this year's list make a conscious effort to be supportive, inclusive workplaces.

New Target Iowa City Downtown Store Photoshoot

Employees say: 
 
“You are given the confidence each and every day to truly be who you want to be here. Being confident as an individual makes a confident employee and that is really shown here.”

100 Best Large Workplaces for Women

This year’s Fortune 500 marks the 67th running of the list.

F500-2021-30-Target

For an astounding 13th straight year, Apple claims the top spot in Fortune’s annual ranking of corporate reputation, based on a survey of almost 3,800 executives, directors, and analysts.

This year's Fortune Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.

G500-2020-117-Target

Target made a big bet on renewing its own brands, remodeling stores, and overhauling its e-commerce efforts. It has paid off handsomely. The discount chain emerged as one of the big winners during the novel coronavirus pandemic thanks to its improved grocery offerings and newfound online prowess. Target’s apparel and home goods brands, many of which are quite new, have stolen market share from weakened department stores. As shoppers begin to return to non-essential items, that land grab is likely to continue, shielding Target to some extent from any prolonged downturn in consumer spending.

Best-Workplaces-Retail-2020-Target

Employees say: 
 
"They focus on self-improvement in areas you are interested in, and give opportunities to explore those interests within the company. I feel extremely supported when I want to learn more about a subject."

Best Workplaces Women 2020-Target Corporation

Employees say: 
 
“Target understands that team members have home lives, personal passions and ambitions. Target respects these human aspects of its employees and offers the flexibility to pursue a balance between work and life that is energizing and fulfilling.”

This year's Fortune 500 marks the 66th running of the list.

F500-2020-037-Target

Target has made a big bet on renewing its own brands—remodeling stores and overhauling its e-commerce efforts. And it has paid off in a big way. The discount chain has emerged as one of the big winners during the pandemic, thanks to its improved grocery offerings and newfound online prowess. Target’s apparel and home goods brands, many of which are quite new, have taken market share away from weakened department stores. And as shoppers begin to return to non-essential items, that land grab is likely to continue, shielding Target to some extent from any prolonged downturn in consumer spending.

We surveyed tens of thousands of young employees to create this list of millennials’ favorite workplaces.

Best Workplaces Millennials 2020-Target

Employees say: 
 
"Amazing teams that are very engaged. Set up for success in terms of resources. Responsibility and decision rights pushed down which empowers all levels. Great learning and development opportunities and team-building events. Endless opportunity here." 
 
Read more: <a href="https://fortune.com/2020/08/06/target-best-workplaces-millennials-company-culture-melissa-kremer/?mmmmmbmb">How Target creates a great workplace for millennials</a> 
 
 
 
&nbsp;

100 Best Large Workplaces for Millennials

Here are the World's Most Admired Companies for 2019 as ranked in their industries. See who made the list.

This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.

This year's Fortune 500 marks the 65th running of the list.

Here are the World's Most Admired Companies for 2018 as ranked in their industries. See who made the list.

This year's Fortune 500 marks the 64th running of the list.

Here are the World's Most Admired Companies for 2017 as ranked in their industries. See who made the list.

This year's Fortune 500 marks the 63rd running of the list.

Here are the World's Most Admired Companies for 2016 as ranked in their industries. See who made the list.

This year's Fortune Global 500 generated $27.6 trillion in revenues and $1.5 trillion in profits.

This year's Fortune 500 marks the 62nd running of the list.

Business insiders have spoken: Asked which companies they most admire, more than 4,100 executives, directors, and analysts chose these top 50 All-Stars.

The world's 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. Together, this year's Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.

This year's Fortune 500 marks the 61st running of the list. Wal-Mart claims the top spot again. See who made the list.

Global business is back. After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013: They racked up combined revenues of $31.1 trillion, up 2.5% from 2012, and profits soared 27% to nearly $2 trillion. China’s 95 companies (up from 89 last year) posted $5.8 trillion in revenues. The U.S. has four fewer companies on the list than last year but remains (for now) the country leader, with 128 corporations on the list—including No. 1 Wal-Mart Stores—reporting $8.6 trillion in revenues. 

Wal-Mart stayed on top as its sales crept closer to half-a-trillion dollars. Apple moved into the top five. And UnitedHealth Group continued its steady climb. 

Company Info

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Best Workplaces In Retail

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Target is a mass-market retail chain with more than 2,000 stores in the U.S. as of 2026. Beauty and household items make up nearly a third of Target’s sales, followed by groceries and home furnishings. Most of Target’s sales occur in its stores, with about 20% originating online. About a third of its sales come from Target-owned brands. It also partners with Starbucks and CVS, which operate outlets in Target stores. The company’s origins trace back to 1902 and the beginnings of what became the Dayton-Hudson department store company. The first Target opened in 1962.

Q2 2027

Q1 2027

Q4 2026

Q3 2026

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Target (TGT): Company Profile, Stock Price, News, Rankings

legacy

Target

target

Ladies and gentlemen, thank you for standing by. Welcome to the Target Corporation second quarter earnings release conference call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will invite you to participate in a question-and-answer session. At the close of prepared remarks, we will open the queue for the Q&A session. At that time, if you have a question, you will need to press star one on your telephone. As a reminder, this conference is being recorded Wednesday, August 19th, 2026. I would now like to turn the conference over to Mr. John Hulbert, Vice President, Investor Relations. Please go ahead, sir.

Good morning, everyone, and thank you for joining us on our second quarter 2026 earnings conference call. On the line with me today are Michael Fiddelke, Chief Executive Officer, Cara Sylvester, Chief Merchandising Officer, Lisa Roath, Chief Operating Officer, and Jim Lee, Chief Financial Officer. In a few moments, Michael, Cara, Lisa, and Jim will provide their insights on our second quarter performance and outlook for the rest of the year. Following their remarks, we will open the phone lines for a question-and-answer session. This morning, we are joined on this conference call by investors and others who will be listening to our comments via webcast. Following the call, Jim and I will be available to answer your follow-up questions.

Also, as a reminder, any forward-looking statements that we make this morning are subject to risks and uncertainties, including those described in this morning's earnings press release and in our most recently filed 10-K. Also, in today's earnings materials, we refer to non-GAAP financial measures, including adjusted earnings per share, adjusted operating income, and adjusted SG&A expenses. Reconciliations of all non-GAAP numbers to the most directly comparable GAAP number are included in this morning's press release, which is posted on our investor relations website. Finally, as many of you know, I am getting ready to retire after more than 26 years at Target, and today marks my final earnings call. Along with that news, I am really excited to let you know that Justin Madsen has accepted the role of Vice President, Investor Relations for the company.

Going forward, Justin will be kicking off these quarterly calls, beginning with our Q3 call in November. With that, I will turn it over to Michael to kick things off. Michael?

Thanks, John, and thank you to everyone joining the call today. Before we dive into our prepared remarks, I want to congratulate John on his upcoming retirement and thank him for his countless contributions to Target. Today marks his 76th earnings call leading our investor relations team. As many of you know, John has played an instrumental role in communicating the strength of our brand and sharing our story with the investment community. Personally, I'm grateful for his counsel, partnership, and friendship, and I wish him all the best in this next stage of life. Earlier this year, we shared how our refreshed strategy, all in service of returning to sustainable growth, is centered on serving busy families with a differentiated combination of style, design, quality, and value in a way that is uniquely Target.

To deliver on this strategy, we've outlined four key priorities: leading with merchandising authority, elevating the guest experience, accelerating technology, and strengthening our team and communities. Across each of these four priorities, we're seeing encouraging momentum. Our results show that our strategic choices, combined with the hard work of our team, are delivering change that is resonating with guests. To be clear, we're just getting started, and there's a lot of important work ahead. But importantly, these early results give us increasing confidence that the investments we continue to make, all in service of our strategy, will support continued growth on both our top and bottom line while making Target not just a place to shop, but a destination for busy families.

As we continue to elevate what we sell and how we sell it, they're choosing us more often, reflected in another strong quarter of traffic growth, up 3.6% to last year, which is a slight acceleration on a two-year basis compared to Q1. In a moment, Cara, Lisa, and Jim will unpack our second quarter results and key investments we've made to elevate the business. But before they do, I'd like to highlight a few examples of the progress we're making and our work in flight. In light of our focus on merchandising authority and elevating the guest experience, Q2 saw the completion of the largest volume of in-store transitions of any quarter over the past decade.

Those changes included layout changes encompassing nearly half of our center store grocery assortment, a complete reimagination of our Fun 101 floor pad, replacing nearly three-quarters of our decorative accessories assortment in home, and continuing to deliver limited time partnerships that reinforce Target as the destination for what's new, on-trend, and culturally relevant. In a testament to the dedication of our team, even with this volume of change, we're seeing continued progress on inventory reliability and guest satisfaction metrics, which are now reaching levels we haven't seen in many years. While we know there is still a lot of work to be done for every store to reach its full potential, we're very encouraged by this progress we're seeing and the momentum we're building. Just as importantly, we're delivering an incredible amount of trend-right newness while also providing outstanding value across the entire portfolio.

As we've said consistently for years now, all of our business decisions are grounded in a focus on the consumer and providing outstanding value on every trip to Target. Over the past year alone, we've lowered prices on more than 10,000 items, reinforcing our commitment to ensuring families can find a unique combination of style, quality, and affordability every time they shop with us. Cara and Lisa will expand on these efforts in a few minutes. To support this year's ambitious agenda, we're accelerating our tech capabilities to make every part of the business stronger, from how we serve guests to how we equip our teams.

We're continuing to modernize our tech foundation while investing in new industry-leading capabilities that allow us to personalize experiences across stores and digital channels, strengthen one of the nation's premier retail media businesses, help our merchants identify and respond to emerging trends faster than ever before, and connect with both new and existing guests in increasingly relevant ways. Earlier this year, we became one of only a small number of retailers to partner initially with OpenAI, Google Gemini, and other leading platforms to shape the future of agentic commerce. While still small in total today, as more consumers begin to explore the benefits of agentic shopping, Target's digital traffic sourced from external AI platforms is growing more than 3.5x the industry as compared to a year ago.

I'm also excited to share that to help us build on that momentum, we recently announced our new Chief AI Officer, Chandhu Nair, who will accelerate how we harness the power of AI to create better guest experiences and unlock new capabilities across our business. As we continue investing in products, the guest experience, and tech, at Target, it's our team that brings a great guest experience to life, and we're committed to continue investing in our team. We've expanded training to help them sharpen skills while deploying technology that simplifies work, reduces friction, and gives them more time to focus on what matters most, serving our guests. Core to our roots as a company, we've been investing in communities all across the country. Already this year, we've opened 24 new full-size stores, serving new neighborhoods and creating thousands of jobs in communities we hadn't previously served.

Every new store allows us to become a trusted new neighbor for tens of thousands of additional busy families, delivering a joyful shopping experience, affordable everyday essentials and inspiring finds, and bringing the best of our brand closer to more and more families. Together with our new supply chain facilities, we're investing billions of dollars across the U.S., strengthening local communities while positioning us to serve even more guests for years to come. I want to close by thanking our team members across the company. Every achievement this quarter, from executing major merchandising transitions to advancing our technology capabilities, opening new stores, and so much more, reflects their commitment, resilience, and care. Thank you for everything you've done so far this year and for the passion you bring every day. Because of you, we're building a stronger Target with tremendous opportunities still ahead.

With that, I'll turn the call over to Cara.

Thanks, Michael. On our last earnings call, I outlined how our enterprise strategy is centered on serving busy families by becoming more relevant in the areas that matter most to them. This led us to identify seven priority areas where we're placing disproportionate investments, areas that we believe have an outsized importance with busy families. As a reminder, they include building a leading beauty destination, expanding our role in health and wellness, being food forward, celebrating baby and kid life, leading in women's style, inspiring the love of home, and building culture-driven categories, including toys and entertainment. Today, these areas represent about 50% of our sales, and we believe they will contribute even more to our growth going forward. We're still early in this journey, but what we're seeing gives us confidence.

Target (TGT) Q2 2027 Earnings Call Transcript

Company Participants