Growth Metrics

Target (CBDY) Operating Margin (2016 - 2025)

Target (CBDY) has disclosed Operating Margin for 8 consecutive years, with 34.93% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 5337.0% to 34.93% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 5.71% through Dec 2025, down 2265.0% year-over-year, with the annual reading at 5.71% for FY2025, 2265.0% down from the prior year.
  • Operating Margin for Q4 2025 was 34.93% at Target, up from 51.17% in the prior quarter.
  • The five-year high for Operating Margin was 39.61% in Q2 2024, with the low at 51.17% in Q3 2025.
  • Average Operating Margin over 5 years is 2.2%, with a median of 7.16% recorded in 2022.
  • The sharpest move saw Operating Margin surged 7968bps in 2022, then plummeted -5337bps in 2025.
  • Over 5 years, Operating Margin stood at 50.77% in 2021, then skyrocketed by 157bps to 28.91% in 2022, then tumbled by -86bps to 4.0% in 2023, then surged by 361bps to 18.44% in 2024, then tumbled by -289bps to 34.93% in 2025.
  • According to Business Quant data, Operating Margin over the past three periods came in at 34.93%, 51.17%, and 11.01% for Q4 2025, Q3 2025, and Q2 2025 respectively.