Target (TGT) Gross Margin (2009 - 2026)

Target (TGT) has reported Gross Margin for 18 consecutive years, with 33.67% the latest figure, recorded in Q3 2026.

• For the quarter ending Q3 2026, Gross Margin rose 468.0% year-over-year to 33.67%; the trailing twelve-month figure through Aug 2026 stood at 29.3% (up 147.0% YoY), and the FY2026 full-year result was 27.93%, down 28.0% from the prior year.
• Gross Margin climbed to 33.67% in Q3 2026 per TGT's latest filing, from 29.01% in the prior quarter.
• Across five years, Gross Margin topped out at 33.67% in Q3 2026 and bottomed at 22.64% in Q3 2022.
• Historically, Gross Margin has averaged 27.56% across 5 years, with a median of 28.16% in 2023.
• The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 868 bps in 2022, then soared 551 bps in 2023.
• Over 5 years, Gross Margin stood at 25.79% in 2022, then climbed by 11 bps to 28.54% in 2023, then declined by 1 bps to 28.31% in 2024, then fell by 0 bps to 28.23% in 2025, then grew by 19 bps to 33.67% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 33.67%, 29.01%, and 26.63% for Q3 2026, Q2 2026, and Q1 2026 respectively.