# Who are Target Corporation's customers? Who does Target Corporation earn revenue from?
Canonical: https://valuechain.wiki/target · Facet: customers · Updated: 2026-09-24T11:00:18.872994+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Target Corporation's confirmed revenue counterparties include CVS Health plus 3 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 4 revenue edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-09-24).

### Roundel 광고주 (high)
- metric: Amount $915M · FY2025 · Advertising revenue generated primarily through Roundel
- note: Target sells advertising services through its Roundel retail media network, primarily to merchandise vendors, marketplace sellers, and other advertisers. EMARKETER identifies shopper insights and an above-industry off-site mix as differentiators.
- [confirms] SEC EDGAR (EN, filing, published 2026-03-11) https://www.sec.gov/Archives/edgar/data/27419/000002741926000016/tgt-20260131.htm: "Advertising revenue"
- [mentions] EMARKETER (EN, analysis, published 2025-12-18) https://www.emarketer.com/content/how-targets-roundel-reshaping-retail-media-with-guest-centric-strategies: "Target's guest insights are often cited as a key differentiator"

### TD Bank Group (high)
- metric: Amount $522M · FY2025 · Credit-card profit-sharing revenue from the Target Circle card program
- note: TD Bank Group owns and funds the Target Circle credit-card receivables and pays Target a share of the program's profits. Target performs account-servicing and primary marketing functions.
- [confirms] SEC EDGAR (EN, filing, published 2026-03-11) https://www.sec.gov/Archives/edgar/data/27419/000002741926000016/tgt-20260131.htm: "Credit card profit sharing"

### Target Circle 360 회원 (high)
- metric: Amount 99 USD/year · 2024 launch terms · Standard annual Target Circle 360 membership fee
- note: Members pay an annual fee for same-day delivery on qualifying orders and free-shipping benefits. Target's 2025 Form 10-K confirms that paid-membership revenue is included in other net sales.
- [confirms] SEC EDGAR (EN, filing, published 2026-03-11) https://www.sec.gov/Archives/edgar/data/27419/000002741926000016/tgt-20260131.htm: "paid Target Circle 360™ membership"
- [confirms] The Korea Economic Daily (KO, news, published 2024-03-06) https://www.hankyung.com/article/202403069828i: "For $99 a year, members receive one-hour delivery without a delivery fee on orders of at least $35."

### CVS 헬스 (high)  → /cvs-health.md
- note: CVS operates pharmacies and clinics inside Target stores under a perpetual operating agreement, and Target receives annual occupancy income. The counterparty-specific amount is not disclosed.
- [confirms] SEC EDGAR (EN, filing, published 2026-03-11) https://www.sec.gov/Archives/edgar/data/27419/000002741926000016/tgt-20260131.htm: "annual occupancy income"

Reverse side: https://valuechain.wiki/target/suppliers.md · Ripple: https://valuechain.wiki/target/ripple.md

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Full node: https://valuechain.wiki/target.md · JSON: https://valuechain.wiki/target.json