Growth Metrics

Target (TGT) Tax Rate (2016 - 2026)

Target filings provide 18 years of Tax Rate readings, the most recent being 20.11% for Q1 2026.

  • On a quarterly basis, Tax Rate fell 144.0% to 20.11% in Q1 2026 year-over-year; TTM through Jan 2026 was 22.28%, a 4.0% increase, with the full-year FY2026 number at 22.28%, up 4.0% from a year prior.
  • Tax Rate hit 20.11% in Q1 2026 for Target, up from 19.79% 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.
  • Median Tax Rate over the past 5 years was 21.67% (2022), compared with a mean of 21.19%.
  • Biggest five-year swings in Tax Rate: plummeted -767bps in 2022 and later surged 661bps in 2024.
  • Target's Tax Rate stood at 21.67% in 2022, then dropped by -1bps to 21.38% in 2023, then increased by 2bps to 21.72% in 2024, then dropped by -9bps to 19.79% in 2025, then grew by 2bps to 20.11% in 2026.
  • The last three reported values for Tax Rate were 20.11% (Q1 2026), 19.79% (Q4 2025), and 23.23% (Q3 2025) per Business Quant data.