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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Target (TGT) Operating Margin (2016 - 2026)

Target's Operating Margin history spans 18 years, with the latest figure at 4.53% for Q1 2026.

  • For Q1 2026, Operating Margin fell 21.0% year-over-year to 4.53%; the TTM value through Jan 2026 reached 4.88%, down 34.0%, while the annual FY2026 figure was 4.88%, 34.0% down from the prior year.
  • Operating Margin reached 4.53% in Q1 2026 per TGT's latest filing, up from 3.75% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 6.76% in Q1 2022 to a low of 1.23% in Q3 2022.
  • Average Operating Margin over 5 years is 4.86%, with a median of 5.19% recorded in 2023.
  • Peak YoY movement for Operating Margin: plummeted -857bps in 2022, then soared 360bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 3.85% in 2022, then skyrocketed by 35bps to 5.19% in 2023, then fell by -12bps to 4.55% in 2024, then dropped by -18bps to 3.75% in 2025, then grew by 21bps to 4.53% in 2026.
  • Per Business Quant, the three most recent readings for TGT's Operating Margin are 4.53% (Q1 2026), 3.75% (Q4 2025), and 5.22% (Q3 2025).