KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
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 filings provide 18 years of Gross Margin readings, the most recent being 26.63% for Q1 2026.

  • On a quarterly basis, Gross Margin rose 39.0% to 26.63% in Q1 2026 year-over-year; TTM through Jan 2026 was 27.93%, a 28.0% decrease, with the full-year FY2026 number at 27.93%, down 28.0% from a year prior.
  • Gross Margin hit 26.63% in Q1 2026 for Target, 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.
  • Median Gross Margin over the past 5 years was 27.39% (2023), compared with a mean of 27.11%.
  • Biggest five-year swings in Gross Margin: crashed -868bps in 2022 and later skyrocketed 551bps in 2023.
  • Target's 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.
  • The last three reported values for Gross Margin were 26.63% (Q1 2026), 28.23% (Q4 2025), and 28.99% (Q3 2025) per Business Quant data.