Target (TGT) FCF Payout Ratio (2009 - 2026)
Target (TGT) reported FCF Payout Ratio of 1.62 for Q2 2026, down 63.34% on a YoY basis from 4.41 in Q2 2025, and down 774.08% quarter-over-quarter from 0.24 in Q1 2026.
Target (TGT) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Target has reported FCF Payout Ratio for 18 years, with the latest figure at 1.62 in Q2 2026.
- For the quarter ending Q2 2026, FCF Payout Ratio fell 63.34% year-over-year to 1.62; the trailing twelve-month figure through May 2026 stood at 0.69 (up 17.89% YoY), and the FY2026 full-year result was 0.74, up 59.02% from the prior year.
- FCF Payout Ratio for Q2 2026 stood at 1.62, down from 0.24 in the prior quarter.
- The five-year high for FCF Payout Ratio was 6.2 in Q4 2024, with the low at 2.24 in Q3 2022.
- Historically, FCF Payout Ratio has averaged 0.4 across 5 years, with a median of 0.22 in 2023.
- Annual changes were most pronounced in 2022 — FCF Payout Ratio tumbled 847.86% — and 2024, when it surged 875.7%.
- Target's FCF Payout Ratio stood at 0.42 in 2022, then surged by 252.08% to 0.64 in 2023, then surged by 875.7% to 6.2 in 2024, then plunged by 43.08% to 3.53 in 2025, then slumped by 145.82% to 1.62 in 2026.
- The last three FCF Payout Ratio figures came in at 1.62 (Q2 2026), 0.24 (Q1 2026), and 3.53 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 948.87 Bn | 944.49 Bn | 42.63 Bn | -1.01 |
| 2 | Costco Wholesale | 430.50 Bn | 412.26 Bn | 8.88 Bn | 1.31 |
| 3 | Target | 57.41 Bn | 53.87 Bn | 7.38 Bn | -1.62 |
| 4 | Dollar General | 24.07 Bn | 22.93 Bn | 3.32 Bn | 0.22 |
| 5 | Dollar Tree | 22.05 Bn | 21.05 Bn | 1.83 Bn | - |
| 6 | BJ's Wholesale Club Holdings | 11.52 Bn | 11.49 Bn | 1.03 Bn | - |
| 7 | Pricesmart | 5.32 Bn | 5.02 Bn | 265.07 Mn | - |
| 8 | Ollie's Bargain Outlet Holdings | 4.78 Bn | 4.48 Bn | 310.92 Mn | - |
| 9 | Bbb Foods | 22.39 Mn | -214.25 Mn | 210.92 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 | -0.99 |
| 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 |