Target (TGT) Tax Rate (2009 - 2026)
Target's Tax Rate was 23.67% in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 0.43 percentage points from 23.23% a year earlier but down 0.73 percentage points from the prior quarter.
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Analysis
Target (TGT) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Target's Tax Rate was 22.26% through Aug 1, 2026, down 0.50 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 22.13%, up 0.05 percentage points from FY2025.
- Tax Rate has now increased for three consecutive fiscal years, with a five-year change of +0.88 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Tax Rate was 22.08% in FY2025 (+0.21 pp), 21.87% in FY2024 (+3.20 pp), 18.67% in FY2023 (-3.35 pp) and 22.02% in FY2022 (+0.78 pp).
- Quarterly Tax Rate has moved between 15.67% (fiscal Q2 2023) and 25.04% (fiscal Q1 2026) over five years.
- Compared with a year earlier, Tax Rate was higher in four of the last eight quarters, with an average year-over-year change of -0.26 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q4 2024 (a gain of 6.57 percentage points); the worst was fiscal Q2 2023 (a drop of 7.67 percentage points).
- Per Business Quant data, TGT's Tax Rate in the three fiscal quarters before Q2 2027 was 24.39% (Q1 2027), 19.61% (Q4 2026) and 19.79% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 22.51% |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 24.53% |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 24.68% |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | 24.44% |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 24.98% |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 23.67% |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 22.62% |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 11.40% |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 21.12% |
| 10 | JD.com | 32.27 Bn | -77.91 Bn | 8.71 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 23.67% |
| May 2, 2026 | 24.39% |
| Jan 31, 2026 | 19.61% |
| Nov 1, 2025 | 19.79% |
| Aug 2, 2025 | 23.23% |
| May 3, 2025 | 25.04% |
| Feb 1, 2025 | 20.97% |
| Nov 2, 2024 | 21.72% |
| Aug 3, 2024 | 22.85% |
| May 4, 2024 | 22.72% |
| Feb 3, 2024 | 22.58% |
| Oct 28, 2023 | 21.38% |
| Jul 29, 2023 | 22.11% |
| Apr 29, 2023 | 21.10% |
| Jan 28, 2023 | 16.01% |
| Oct 29, 2022 | 21.67% |
| Jul 30, 2022 | 15.67% |
| Apr 30, 2022 | 19.22% |
| Jan 29, 2022 | 23.45% |
| Oct 30, 2021 | 22.14% |
API Access
Target Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=TGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TGT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=TGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();