Target (TGT) Tax Rate (2009 - 2026)
Target's (TGT) quarterly Tax Rate came in at 24.39% in Q2 2026, down 64.0% YoY from 67.76% in Q2 2025, and up 24.39% on a QoQ basis from 19.61% in Q1 2026.
Target (TGT) Tax Rate (2009 - 2026) Analysis & Trends
Target (TGT) has 18 years of Tax Rate data on file, last reported at 24.39% in Q2 2026.
- Quarterly Tax Rate fell 64.0% year-over-year to 24.39% in Q2 2026, while the trailing twelve-month figure through May 2026 was 21.75% (down 109.0% YoY) and the FY2026 annual result came in at 22.12%, down 11.0% from the prior year.
- Tax Rate improved to 24.39% in Q2 2026, from 19.61% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 25.04% in Q2 2025 to a low of 15.67% in Q3 2022.
- A 5-year average of 21.36% and a median of 21.7% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate tumbled 767 bps — and 2023, when it soared 644 bps.
- Tracing TGT's Tax Rate over 5 years: stood at 21.67% in 2022, then decreased by 1 bps to 21.38% in 2023, then rose by 2 bps to 21.72% in 2024, then decreased by 9 bps to 19.79% in 2025, then rose by 23 bps to 24.39% in 2026.
- The last three Tax Rate figures came in at 24.39% (Q2 2026), 19.61% (Q1 2026), and 19.79% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 828.54 Bn | 817.81 Bn | 44.69 Bn | 23.20% |
| 2 | Costco Wholesale | 414.96 Bn | 394.96 Bn | 9.01 Bn | 25.39% |
| 3 | Target | 72.00 Bn | 68.46 Bn | 7.38 Bn | 24.39% |
| 4 | Dollar General | 26.64 Bn | 25.29 Bn | 3.41 Bn | 24.89% |
| 5 | Dollar Tree | 25.25 Bn | 24.24 Bn | 1.83 Bn | 24.89% |
| 6 | BJ's Wholesale Club Holdings | 11.76 Bn | 11.73 Bn | 1.03 Bn | 27.01% |
| 7 | Bbb Foods | 5.91 Bn | 5.23 Bn | 250.62 Mn | -3.61% |
| 8 | Pricesmart | 5.12 Bn | 4.80 Bn | 262.22 Mn | 28.01% |
| 9 | Ollie's Bargain Outlet Holdings | 4.56 Bn | 4.31 Bn | 275.96 Mn | 24.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 24.39% |
| May 2, 2026 | 24.39% |
| May 2, 2026 | 24.39% |
| Jan 31, 2026 | 19.61% |
| Jan 31, 2026 | 19.61% |
| Jan 31, 2026 | 19.61% |
| Nov 1, 2025 | 19.79% |
| Nov 1, 2025 | 19.79% |
| Nov 1, 2025 | 19.79% |
| Aug 2, 2025 | 23.23% |
| Aug 2, 2025 | 23.23% |
| Aug 2, 2025 | 23.23% |
| May 3, 2025 | 25.04% |
| May 3, 2025 | 25.04% |
| May 3, 2025 | 25.04% |
| Feb 1, 2025 | 21.55% |
| Feb 1, 2025 | 21.55% |
| Feb 1, 2025 | 21.55% |
| Nov 2, 2024 | 21.72% |
| Nov 2, 2024 | 21.72% |