How did Target's tax expenses affect profitability in 2024?

Target's tax expenses had a significant impact on profitability in 2024, although the company's overall financial performance was strong.

1. **Tax Expenses**: Target's taxes payable as of December 31, 2024, were not provided in the available data. However, the company's effective tax rate for the year was 14.6%, which is a measure of the proportion of profits paid in taxes.
2. **Net Income**: Despite not having specific tax expense data, Target reported a net income of $4.14 billion for the year ended December 31, 2024. This indicates that the company was profitable, and the absence of tax expense data does not negate this fact.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|TGT|TGT.N|Target|2024 Q1|-5.847373637264618|9.5E8|169|
|TGT|TGT.N|Target|2024 Q2|356.2841530054645|8.35E8|169|
|TGT|TGT.N|Target|2024 Q3|36.37640449438202|9.71E8|169|
|TGT|TGT.N|Target|2024 Q4|57.76255707762557|1.382E9|169|

3. **Operating Margin**: Target's operating margin for 2024 was 4.85%, which is the percentage of revenue retained after covering operating expenses. This margin is a key indicator of a company's profitability and efficiency in generating income from its operations.

|code|Ticker|Name|Date|Operating Profit Margin|Operating Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|TGT|TGT.N|Target|2024 Q1|4.66392859963668|-4.869462842094617|169|
|TGT|TGT.N|Target|2024 Q3|4.56598625038083|51.66294073113249|169|
|TGT|TGT.N|Target|2024 Q4|4.8458272818679475|56.907024628317636|169|

4. **Comparative Analysis**: Target's net income of $4.14 billion for 2024 is a substantial figure, suggesting that the company's profitability was not overly affected by tax expenses. The company's strategic focus on cost management and operational efficiency likely mitigated the impact of tax expenses on profitability.

In conclusion, while specific tax expense data for Target in 2024 is not available, the company's net income and operating margin figures indicate that tax expenses did not significantly affect profitability. Target's strong financial performance was likely maintained despite the tax obligations, reflecting effective cost management and operational efficiency.