Growth Metrics

Target (TGT) EBITDA Margin (2016 - 2026)

Target filings provide 18 years of EBITDA Margin readings, the most recent being 4.53% for Q1 2026.

  • On a quarterly basis, EBITDA Margin fell 21.0% to 4.53% in Q1 2026 year-over-year; TTM through Jan 2026 was 4.88%, a 34.0% decrease, with the full-year FY2026 number at 7.84%, down 20.0% from a year prior.
  • EBITDA Margin hit 4.53% in Q1 2026 for Target, up from 3.75% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 6.76% in Q1 2022 to a low of 1.23% in Q3 2022.
  • Median EBITDA Margin over the past 5 years was 5.19% (2023), compared with a mean of 4.86%.
  • Biggest five-year swings in EBITDA Margin: tumbled -857bps in 2022 and later skyrocketed 360bps in 2023.
  • Target's 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.
  • The last three reported values for EBITDA Margin were 4.53% (Q1 2026), 3.75% (Q4 2025), and 5.22% (Q3 2025) per Business Quant data.