TGT Target margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 59

Gross margin

29.3%

Operating margin

5.6%

EBITDA margin

8.6%

Net margin

4.1%

Using the latest TTM figures, Target shows a gross margin of 29.3%, an operating margin of 5.6%, an EBITDA margin of 8.6%, and a net margin of 4.1%. Gross margin had the largest improvement, expanding by 1.5 percentage points, while the other available margins also increased.

TGT margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Target recorded average margins of 27.98% gross, 5.18% operating, 8.08% EBITDA, and 3.78% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

TGT margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in gross margin, which rose by 1.5 percentage points. The other available margins also improved.

Gross margin expansion

1.5pp

Operating margin expansion

0.5pp

EBITDA margin expansion

0.5pp

Net margin expansion

0.4pp

TGT Gross margin

Target recorded an average gross margin of 27.98% across the last 3 years. Target currently reports a gross margin of 29.3%, 1.3 percentage points above its three-year average. The highest gross margin for Target was 29.3% in Aug 2026, while the lowest was 26.7% in Oct 2023.

TGT Operating margin

Target's operating margin averaged 5.18% during the last 3 years. Compared with its three-year average, Target's current operating margin is 5.6% and is 0.4 percentage points above its three-year average. Over the last 3 years, Target's operating margin peaked at 5.7% in Aug 2024 and reached a low of 4.5% in May 2026.

TGT EBITDA margin

Reviewing the last 3 years, Target recorded an average EBITDA margin of 8.08%. Target's current EBITDA margin is 8.6% and is 0.5 percentage points above its three-year average. The highest EBITDA margin for Target was 8.6% in Aug 2026, while the lowest was 7.3% in Oct 2023.

TGT Net margin

Target recorded an average net margin of 3.78% across the last 3 years. Against its three-year average, Target's net margin is currently 4.1%, 0.3 percentage points above its three-year average. The highest net margin for Target was 4.2% in Aug 2024, while the lowest was 3.2% in May 2026.

TGT margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 29.3%, TGT stands above the industry average but below the Consumer Defensive sector and its peers average. Compared to its Consumer Defensive sector average of 36.6%, Target's gross margin is 20% lower.

TGT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Target's gross margin?

For the period ending Aug 1, 2026, TGT recorded a gross margin of 29.3%.

What is Target's operating margin?

For the period ending Aug 1, 2026, TGT recorded an operating margin of 5.6%.

What is Target's EBITDA margin?

For the period ending Aug 1, 2026, TGT recorded an EBITDA margin of 8.6%.

What is Target's net margin?

The current net margin for TGT is 4.1% as of Aug 1, 2026.

What are the average margins of TGT?

Target's gross, operating, EBITDA, and net margins averaged 28.0% gross, 5.2% operating, 8.1% EBITDA, and 3.8% net over the last 3 years.

What are the highest historical margins of TGT?

Across the 5-year period, TGT posted its highest margins at 29.7% gross in Oct 2021, 8.4% operating in Jan 2022, 11.3% EBITDA in Jan 2022, and 6.6% net in Jan 2022.

What are the lowest historical margins of TGT?

In the last 5 years, the lowest margins reported by TGT were 24.6% gross in Jan 2023, 3.5% operating in Jan 2023, 6% EBITDA in Jan 2023, and 2.5% net in Jan 2023.