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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Target (TGT) Gross Margin (2016 - 2026)

Target (TGT) has disclosed Gross Margin for 18 consecutive years, with 26.63% as the latest value for Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 64.0% year-over-year to 26.63%, compared with a TTM value of 27.93% through Jan 2026, down 21.0%, and an annual FY2026 reading of 27.93%, down 28.0% over the prior year.
  • Gross Margin was 26.63% for Q1 2026 at Target, down from 28.23% in the prior quarter.
  • Across five years, Gross Margin topped out at 29.96% in Q3 2024 and bottomed at 22.64% in Q3 2022.
  • Average Gross Margin over 5 years is 27.1%, with a median of 27.39% recorded in 2023.
  • The sharpest move saw Gross Margin tumbled -868bps in 2022, then soared 551bps in 2023.
  • Year by year, Gross Margin stood at 25.79% in 2022, then rose by 11bps to 28.54% in 2023, then decreased by -1bps to 28.31% in 2024, then fell by 0bps to 28.23% in 2025, then fell by -6bps to 26.63% in 2026.
  • Business Quant data shows Gross Margin for TGT at 26.63% in Q1 2026, 28.23% in Q4 2025, and 28.99% in Q3 2025.