Growth Metrics

Target (TGT) Net Margin (2016 - 2026)

Target's Net Margin history spans 18 years, with the latest figure at 3.43% for Q1 2026.

  • For Q1 2026, Net Margin fell 14.0% year-over-year to 3.43%; the TTM value through Jan 2026 reached 3.54%, down 30.0%, while the annual FY2026 figure was 3.54%, 30.0% down from the prior year.
  • Net Margin reached 3.43% in Q1 2026 per TGT's latest filing, up from 2.73% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 4.98% in Q1 2022 to a low of 0.7% in Q3 2022.
  • Average Net Margin over 5 years is 3.53%, with a median of 3.71% recorded in 2025.
  • Peak YoY movement for Net Margin: crashed -652bps in 2022, then soared 267bps in 2023.
  • A 5-year view of Net Margin shows it stood at 2.68% in 2022, then skyrocketed by 42bps to 3.82% in 2023, then decreased by -13bps to 3.33% in 2024, then decreased by -18bps to 2.73% in 2025, then rose by 26bps to 3.43% in 2026.
  • Per Business Quant, the three most recent readings for TGT's Net Margin are 3.43% (Q1 2026), 2.73% (Q4 2025), and 3.71% (Q3 2025).