Target (TGT) Gross Margin (2009 - 2026)
Target's Gross Margin came in at 33.67% for fiscal Q2 2027 (quarter ended Aug 1, 2026), up 4.68 percentage points from 28.99% a year earlier and up 4.66 percentage points from the prior quarter.
Target (TGT) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Aug 1, 2026, Target reported Gross Margin of 29.30%, up 1.47 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 27.93%, down 0.28 percentage points from FY2025.
- Gross Margin carries a five-year change of -1.33 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Gross Margin was 28.21% in FY2025 (+0.67 pp), 27.54% in FY2024 (+2.97 pp), 24.57% in FY2023 (-4.71 pp) and 29.28% in FY2022 (+0.01 pp).
- The fiscal Q2 2027 figure represents the highest quarterly Gross Margin since fiscal Q2 2011.
- Year-over-year, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of +0.48 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q2 2024 (a gain of 5.51 percentage points), and the weakest in fiscal Q2 2023 (a drop of 8.68 percentage points).
- Business Quant data shows TGT's Gross Margin at 29.01% (Q1 2027), 26.63% (Q4 2026) and 28.23% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | 52.26% |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 33.67% |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | 33.41% |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | 33.04% |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | 33.83% |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 33.67% |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 51.45% |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 18.76% |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | 52.15% |
| 10 | JD.com | 32.28 Bn | -77.90 Bn | 8.71 Bn | 17.06% |
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 33.67% |
| 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% |
Target Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TGT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();