Target (TGT) Net Margin (2009 - 2026)
Target (TGT) posted Net Margin of 3.07% for Q2 2026, down 13.29% on a QoQ basis from 3.54% in Q1 2026, and down 127.0% year-over-year from 11.37% in Q2 2025.
Target (TGT) Net Margin (2009 - 2026) Analysis & Trends
Target's Net Margin history runs 18 years deep, the most recent figure standing at 3.07% for Q2 2026.
- Quarterly Net Margin fell 127.0% year-over-year to 3.07% in Q2 2026, while the trailing twelve-month figure through May 2026 was 3.27% (down 68.0% YoY) and the FY2026 annual result came in at 3.57%, down 27.0% from the prior year.
- Net Margin was 3.07% for Q2 2026 at Target, down from 3.54% in the prior quarter.
- Across five years, Net Margin topped out at 4.96% in Q1 2022 and bottomed at 0.7% in Q3 2022.
- A 5-year average of 3.51% and a median of 3.64% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin slumped 652 bps — and 2023, when it surged 267 bps.
- Target's Net Margin stood at 2.68% in 2022, then jumped by 42 bps to 3.82% in 2023, then declined by 13 bps to 3.33% in 2024, then declined by 18 bps to 2.73% in 2025, then gained by 13 bps to 3.07% in 2026.
- Business Quant data shows TGT's Net Margin at 3.07% in Q2 2026, 3.54% in Q1 2026, and 2.73% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 862.66 Bn | 858.28 Bn | 42.63 Bn | 3.12% |
| 2 | Costco Wholesale | 410.89 Bn | 392.65 Bn | 8.88 Bn | 2.92% |
| 3 | Target | 61.06 Bn | 57.53 Bn | 7.38 Bn | 3.07% |
| 4 | Dollar General | 25.36 Bn | 24.22 Bn | 3.32 Bn | 3.91% |
| 5 | Dollar Tree | 22.75 Bn | 21.75 Bn | 1.83 Bn | - |
| 6 | BJ's Wholesale Club Holdings | 11.75 Bn | 11.72 Bn | 1.03 Bn | 2.52% |
| 7 | Pricesmart | 5.65 Bn | 5.52 Bn | 262.22 Mn | 2.68% |
| 8 | Bbb Foods | 4.68 Bn | 4.08 Bn | 210.92 Mn | 24.98% |
| 9 | Ollie's Bargain Outlet Holdings | 4.00 Bn | 3.70 Bn | 310.92 Mn | 12.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 3.07% |
| Jan 31, 2026 | 3.54% |
| Nov 1, 2025 | 2.73% |
| Aug 2, 2025 | 3.71% |
| May 3, 2025 | 4.34% |
| Feb 1, 2025 | 3.57% |
| Nov 2, 2024 | 3.33% |
| Aug 3, 2024 | 4.68% |
| May 4, 2024 | 3.84% |
| Feb 3, 2024 | 4.33% |
| Oct 28, 2023 | 3.82% |
| Jul 29, 2023 | 3.37% |
| Apr 29, 2023 | 3.75% |
| Jan 28, 2023 | 2.73% |
| Oct 29, 2022 | 2.68% |
| Jul 30, 2022 | 0.70% |
| Apr 30, 2022 | 4.01% |
| Jan 29, 2022 | 4.96% |
| Oct 30, 2021 | 5.80% |
| Jul 31, 2021 | 7.22% |