Growth Metrics

Target (TGT) EBITDA Margin (2016 - 2026)

Target (TGT) has disclosed EBITDA Margin for 18 consecutive years, with 4.53% as the latest value for Q1 2026.

  • For the quarter ending Q1 2026, EBITDA Margin fell 21.0% year-over-year to 4.53%, compared with a TTM value of 4.88% through Jan 2026, down 34.0%, and an annual FY2026 reading of 7.84%, down 20.0% over the prior year.
  • EBITDA Margin was 4.53% for Q1 2026 at Target, up from 3.75% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 6.76% in Q1 2022 and bottomed at 1.23% in Q3 2022.
  • Average EBITDA Margin over 5 years is 4.86%, with a median of 5.19% recorded in 2023.
  • The sharpest move saw EBITDA Margin plummeted -857bps in 2022, then soared 360bps in 2023.
  • Year by year, EBITDA Margin stood at 3.85% in 2022, then skyrocketed by 35bps to 5.19% in 2023, then fell by -12bps to 4.55% in 2024, then dropped by -18bps to 3.75% in 2025, then grew by 21bps to 4.53% in 2026.
  • Business Quant data shows EBITDA Margin for TGT at 4.53% in Q1 2026, 3.75% in Q4 2025, and 5.22% in Q3 2025.