Target (TGT) Tax Rate (2009 - 2026)

Target (TGT) has reported Tax Rate for 18 consecutive years, with 23.67% the latest figure, recorded in Q3 2026.

• For the quarter ending Q3 2026, Tax Rate rose 43.0% year-over-year to 23.67%; the trailing twelve-month figure through Aug 2026 stood at 22.26% (down 50.0% YoY), and the FY2026 full-year result was 22.12%, up 5.0% from the prior year.
• Tax Rate slipped to 23.67% in Q3 2026 per TGT's latest filing, from 24.39% in the prior quarter.
• Across five years, Tax Rate topped out at 25.04% in Q2 2025 and bottomed at 15.67% in Q3 2022.
• Historically, Tax Rate has averaged 21.43% across 5 years, with a median of 21.72% in 2024.
• The sharpest annual moves came in 2022 and 2024: Tax Rate plunged 767 bps in 2022, then soared 657 bps in 2024.
• Over 5 years, Tax Rate stood at 21.67% in 2022, then dropped by 1 bps to 21.38% in 2023, then advanced by 2 bps to 21.72% in 2024, then dropped by 9 bps to 19.79% in 2025, then increased by 20 bps to 23.67% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 23.67%, 24.39%, and 19.61% for Q3 2026, Q2 2026, and Q1 2026 respectively.