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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's Gross Margin history spans 18 years, with the latest figure at 26.63% for Q1 2026.

  • For Q1 2026, Gross Margin rose 39.0% year-over-year to 26.63%; the TTM value through Jan 2026 reached 27.93%, down 28.0%, while the annual FY2026 figure was 27.93%, 28.0% down from the prior year.
  • Gross Margin reached 26.63% in Q1 2026 per TGT's latest filing, down from 28.23% 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.
  • Average Gross Margin over 5 years is 27.11%, with a median of 27.39% recorded in 2023.
  • Peak YoY movement for Gross Margin: tumbled -868bps in 2022, then soared 551bps in 2023.
  • A 5-year view of Gross Margin shows it 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.
  • Per Business Quant, the three most recent readings for TGT's Gross Margin are 26.63% (Q1 2026), 28.23% (Q4 2025), and 28.99% (Q3 2025).