Target (TGT) Operating Margin (2009 - 2026)

Target (TGT) has reported Operating Margin for 18 consecutive years, with 9.65% the latest figure, recorded in Q3 2026.

• For the quarter ending Q3 2026, Operating Margin rose 442.0% year-over-year to 9.65%; the trailing twelve-month figure through Aug 2026 stood at 5.59% (up 46.0% YoY), and the FY2026 full-year result was 4.88%, down 34.0% from the prior year.
• Operating Margin climbed to 9.65% in Q3 2026 per TGT's latest filing, from 4.46% in the prior quarter.
• Across five years, Operating Margin topped out at 9.65% in Q3 2026 and bottomed at 1.23% in Q3 2022.
• Historically, Operating Margin has averaged 5.09% across 5 years, with a median of 5.19% in 2023.
• The sharpest annual moves came in 2022 and 2026: Operating Margin slumped 857 bps in 2022, then soared 442 bps in 2026.
• Over 5 years, Operating Margin stood at 3.85% in 2022, then jumped by 35 bps to 5.19% in 2023, then slipped by 12 bps to 4.55% in 2024, then dropped by 18 bps to 3.75% in 2025, then jumped by 157 bps to 9.65% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 9.65%, 4.46%, and 4.53% for Q3 2026, Q2 2026, and Q1 2026 respectively.