Target (TGT) Gross Margin (2009 - 2026)
Target's (TGT) quarterly Gross Margin came in at 29.01% in Q2 2026, up 84.0% YoY from 15.77% in Q2 2025, and up 8.95% on a QoQ basis from 26.63% in Q1 2026.
Target (TGT) Gross Margin (2009 - 2026) Analysis & Trends
Target (TGT) has 18 years of Gross Margin data on file, last reported at 29.01% in Q2 2026.
- Quarterly Gross Margin rose 84.0% year-over-year to 29.01% in Q2 2026, while the trailing twelve-month figure through May 2026 was 28.14% (up 7.0% YoY) and the FY2026 annual result came in at 27.93%, down 28.0% from the prior year.
- Gross Margin grew to 29.01% in Q2 2026, from 26.63% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 29.96% in Q3 2024 to a low of 22.64% in Q3 2022.
- A 5-year average of 27.22% and a median of 27.77% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 868 bps — and 2023, when it surged 551 bps.
- Tracing TGT's Gross Margin over 5 years: 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 | 828.54 Bn | 817.81 Bn | 44.69 Bn | 25.14% |
| 2 | Costco Wholesale | 414.96 Bn | 394.96 Bn | 9.01 Bn | 12.77% |
| 3 | Target | 72.00 Bn | 68.46 Bn | 7.38 Bn | 29.01% |
| 4 | Dollar General | 26.64 Bn | 25.29 Bn | 3.41 Bn | 31.62% |
| 5 | Dollar Tree | 25.25 Bn | 24.24 Bn | 1.83 Bn | 36.87% |
| 6 | BJ's Wholesale Club Holdings | 11.76 Bn | 11.73 Bn | 1.03 Bn | 18.16% |
| 7 | Bbb Foods | 5.91 Bn | 5.23 Bn | 250.62 Mn | 16.75% |
| 8 | Pricesmart | 5.12 Bn | 4.80 Bn | 262.22 Mn | 17.70% |
| 9 | Ollie's Bargain Outlet Holdings | 4.56 Bn | 4.31 Bn | 275.96 Mn | 41.88% |
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% |