Target (TGT) Net Margin (2009 - 2026)
Target's (TGT) quarterly Net Margin came in at 3.07% in Q2 2026, down 127.0% YoY from 11.37% in Q2 2025, and down 13.29% on a QoQ basis from 3.54% in Q1 2026.
Target (TGT) Net Margin (2009 - 2026) Analysis & Trends
Target (TGT) has 18 years of Net Margin data on file, last reported at 3.07% in 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 slipped to 3.07% in Q2 2026, from 3.54% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 4.96% in Q1 2022 to a low of 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 tumbled 652 bps — and 2023, when it surged 267 bps.
- Tracing TGT's Net Margin over 5 years: stood at 2.68% in 2022, then surged by 42 bps to 3.82% in 2023, then slipped by 13 bps to 3.33% in 2024, then slipped by 18 bps to 2.73% in 2025, then increased by 13 bps to 3.07% in 2026.
- The last three Net Margin figures came in at 3.07% (Q2 2026), 3.54% (Q1 2026), and 2.73% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 828.54 Bn | 817.81 Bn | 44.69 Bn | 3.09% |
| 2 | Costco Wholesale | 414.96 Bn | 394.96 Bn | 9.01 Bn | 3.11% |
| 3 | Target | 72.00 Bn | 68.46 Bn | 7.38 Bn | 3.07% |
| 4 | Dollar General | 26.64 Bn | 25.29 Bn | 3.41 Bn | 4.12% |
| 5 | Dollar Tree | 25.25 Bn | 24.24 Bn | 1.83 Bn | 6.98% |
| 6 | BJ's Wholesale Club Holdings | 11.76 Bn | 11.73 Bn | 1.03 Bn | 2.52% |
| 7 | Bbb Foods | 5.91 Bn | 5.23 Bn | 250.62 Mn | 22.85% |
| 8 | Pricesmart | 5.12 Bn | 4.80 Bn | 262.22 Mn | 2.68% |
| 9 | Ollie's Bargain Outlet Holdings | 4.56 Bn | 4.31 Bn | 275.96 Mn | 8.56% |
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% |