Target (TGT) FCF Payout Ratio (2009 - 2026)
Target (TGT) posted FCF Payout Ratio of 1.62 for Q2 2026, down 774.08% on a QoQ basis from 0.24 in Q1 2026, and down 61.76% year-over-year from 4.23 in Q2 2025.
Target (TGT) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Target's FCF Payout Ratio history runs 18 years deep, the most recent figure standing at 1.62 for Q2 2026.
- Quarterly FCF Payout Ratio fell 61.76% year-over-year to 1.62 in Q2 2026, while the trailing twelve-month figure through May 2026 was 0.69 (up 17.6% YoY) and the FY2026 annual result came in at 0.74, up 61.66% from the prior year.
- FCF Payout Ratio was 1.62 for Q2 2026 at Target, down from 0.24 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 6.2 in Q4 2024 and bottomed at 2.24 in Q3 2022.
- A 5-year average of 0.4 and a median of 0.22 in 2023 frame the typical range for FCF Payout Ratio.
- Annual changes were most pronounced in 2022 — FCF Payout Ratio slumped 847.86% — and 2024, when it surged 875.7%.
- Target's FCF Payout Ratio stood at 0.42 in 2022, then jumped by 252.08% to 0.64 in 2023, then jumped by 875.7% to 6.2 in 2024, then slumped by 43.08% to 3.53 in 2025, then plunged by 145.82% to 1.62 in 2026.
- Business Quant data shows TGT's FCF Payout Ratio at 1.62 in Q2 2026, 0.24 in Q1 2026, and 3.53 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 862.66 Bn | 858.28 Bn | 42.63 Bn | -1.01 |
| 2 | Costco Wholesale | 410.89 Bn | 392.65 Bn | 8.88 Bn | 0.13 |
| 3 | Target | 61.06 Bn | 57.53 Bn | 7.38 Bn | -1.62 |
| 4 | Dollar General | 25.36 Bn | 24.22 Bn | 3.32 Bn | 0.08 |
| 5 | Dollar Tree | 22.75 Bn | 21.75 Bn | 1.83 Bn | - |
| 6 | BJ's Wholesale Club Holdings | 11.75 Bn | 11.72 Bn | 1.03 Bn | - |
| 7 | Pricesmart | 5.65 Bn | 5.52 Bn | 262.22 Mn | - |
| 8 | Bbb Foods | 4.68 Bn | 4.08 Bn | 210.92 Mn | - |
| 9 | Ollie's Bargain Outlet Holdings | 4.00 Bn | 3.70 Bn | 310.92 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | -1.62 |
| Jan 31, 2026 | 0.24 |
| Nov 1, 2025 | 3.53 |
| Aug 2, 2025 | 0.52 |
| May 3, 2025 | -1.00 |
| Feb 1, 2025 | 0.22 |
| Nov 2, 2024 | 6.20 |
| Aug 3, 2024 | 0.33 |
| May 4, 2024 | 1.21 |
| Feb 3, 2024 | 0.21 |
| Oct 28, 2023 | 0.64 |
| Jul 29, 2023 | 0.57 |
| Apr 29, 2023 | -1.49 |
| Jan 28, 2023 | 0.22 |
| Oct 29, 2022 | -0.42 |
| Jul 30, 2022 | -2.24 |
| Apr 30, 2022 | -0.18 |
| Jan 29, 2022 | 0.22 |
| Oct 30, 2021 | 0.43 |
| Jul 31, 2021 | 0.30 |