Target (TGT) Gross Margin (2009 - 2026)
Target (TGT) reported Gross Margin of 29.01% for Q2 2026, up 84.0% on a YoY basis from 15.77% in Q2 2025, and up 8.95% quarter-over-quarter from 26.63% in Q1 2026.
Target (TGT) Gross Margin (2009 - 2026) Analysis & Trends
Target has reported Gross Margin for 18 years, with the latest figure at 29.01% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 84.0% year-over-year to 29.01%; the trailing twelve-month figure through May 2026 stood at 28.14% (up 7.0% YoY), and the FY2026 full-year result was 27.93%, down 28.0% from the prior year.
- Gross Margin for Q2 2026 stood at 29.01%, up from 26.63% in the prior quarter.
- The five-year high for Gross Margin was 29.96% in Q3 2024, with the low at 22.64% in Q3 2022.
- Historically, Gross Margin has averaged 27.22% across 5 years, with a median of 27.77% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 868 bps — and 2023, when it surged 551 bps.
- Target's Gross Margin stood at 25.79% in 2022, then gained by 11 bps to 28.54% in 2023, then slipped by 1 bps to 28.31% in 2024, then dropped by 0 bps to 28.23% in 2025, then rose by 3 bps to 29.01% in 2026.
- The last three Gross Margin figures came in at 29.01% (Q2 2026), 26.63% (Q1 2026), and 28.23% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 956.84 Bn | 952.46 Bn | 42.63 Bn | 24.26% |
| 2 | Costco Wholesale | 432.83 Bn | 414.59 Bn | 8.88 Bn | 12.76% |
| 3 | Target | 56.21 Bn | 52.67 Bn | 7.38 Bn | 29.01% |
| 4 | Dollar General | 23.49 Bn | 22.35 Bn | 3.32 Bn | 30.45% |
| 5 | Dollar Tree | 21.20 Bn | 20.20 Bn | 1.83 Bn | 36.81% |
| 6 | BJ's Wholesale Club Holdings | 11.80 Bn | 11.77 Bn | 1.03 Bn | 18.16% |
| 7 | Pricesmart | 5.36 Bn | 5.05 Bn | 265.07 Mn | 17.72% |
| 8 | Ollie's Bargain Outlet Holdings | 4.83 Bn | 4.53 Bn | 310.92 Mn | 39.90% |
| 9 | Bbb Foods | 22.42 Mn | -214.22 Mn | 210.92 Mn | 16.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 29.01% |
| Jan 31, 2026 | 26.63% |
| Nov 1, 2025 | 28.23% |
| Aug 2, 2025 | 28.99% |
| May 3, 2025 | 28.17% |
| Feb 1, 2025 | 26.24% |
| Nov 2, 2024 | 28.31% |
| Aug 3, 2024 | 29.96% |
| May 4, 2024 | 28.78% |
| Feb 3, 2024 | 26.39% |
| Oct 28, 2023 | 28.54% |
| Jul 29, 2023 | 28.16% |
| Apr 29, 2023 | 27.39% |
| Jan 28, 2023 | 23.48% |
| Oct 29, 2022 | 25.79% |
| Jul 30, 2022 | 22.64% |
| Apr 30, 2022 | 26.65% |
| Jan 29, 2022 | 26.57% |
| Oct 30, 2021 | 29.03% |
| Jul 31, 2021 | 31.32% |