Growth Metrics

Target (TGT) Net Margin (2016 - 2026)

Target filings provide 18 years of Net Margin readings, the most recent being 3.43% for Q1 2026.

  • On a quarterly basis, Net Margin fell 14.0% to 3.43% in Q1 2026 year-over-year; TTM through Jan 2026 was 3.54%, a 30.0% decrease, with the full-year FY2026 number at 3.54%, down 30.0% from a year prior.
  • Net Margin hit 3.43% in Q1 2026 for Target, 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.
  • Median Net Margin over the past 5 years was 3.71% (2025), compared with a mean of 3.53%.
  • Biggest five-year swings in Net Margin: plummeted -652bps in 2022 and later skyrocketed 267bps in 2023.
  • Target's Net Margin 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.
  • The last three reported values for Net Margin were 3.43% (Q1 2026), 2.73% (Q4 2025), and 3.71% (Q3 2025) per Business Quant data.