Growth Metrics

Target (TGT) Tax Rate (2016 - 2026)

Target's Tax Rate history spans 18 years, with the latest figure at 20.11% for Q1 2026.

  • For Q1 2026, Tax Rate fell 144.0% year-over-year to 20.11%; the TTM value through Jan 2026 reached 22.28%, up 4.0%, while the annual FY2026 figure was 22.28%, 4.0% up from the prior year.
  • Tax Rate reached 20.11% in Q1 2026 per TGT's latest filing, 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.
  • Average Tax Rate over 5 years is 21.19%, with a median of 21.67% recorded in 2022.
  • Peak YoY movement for Tax Rate: crashed -767bps in 2022, then skyrocketed 661bps in 2024.
  • A 5-year view of Tax Rate shows it 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.
  • Per Business Quant, the three most recent readings for TGT's Tax Rate are 20.11% (Q1 2026), 19.79% (Q4 2025), and 23.23% (Q3 2025).