Target Corporation

TGT

Consumer Defensive Discount Stores

Target Corporation’s revenue for fiscal 2026 (year ended January 2026) was $104.8 billion, down 1.68% from fiscal 2025.

Revenue
+5.27%
EPS
+100.5%
Free cash flow
+141.2%
Total debt
−6.68%

Quarter to July 2026, against a year earlier

161.11 1.39 −0.86%
Market cap
$73.9B
P/E
16.8×
Fwd P/E
15.1×
Dividend yield
2.83%
F-score
6/9
ROIC
13.6%
Net debt / EBITDA
1.3×
Dividend safety
73/100

Target Corporation (TGT) Operating margin

Alert me on Operating margin

Target Corporation's operating margin over the twelve months to 31 July 2026 was 5.59%, up 0.7 percentage points from fiscal 2026 (4.88%). Over the past ten years it has ranged from 3.53% (fiscal 2023) to 8.44% (fiscal 2022); the current reading is higher than 17% of that period. That is above the Discount Stores industry median of 4.42% and above the Consumer Defensive sector median of 2.15%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 4.88% (0.34)
FY2025 5.22% (0.09)
FY2024 5.31% 1.78
FY2023 3.53% (4.91)
FY2022 8.44% 1.45
FY2021 6.99% 1.03
FY2020 5.96% 0.51
FY2019 5.45% (0.36)
FY2018 5.81% (1.11)
FY2017 6.92% (0.57)

Quarterly newest first

Period Operating margin Change (points)
Jul 2026 9.65% 5.19
Apr 2026 4.46% (0.07)
Jan 2026 4.53% 0.78
Oct 2025 3.75% (1.47)
43 more quarters

Against its own ten years

Low 3.53% High 8.44%
Ten-year median 5.89%
Current reading's percentile 49

Operating margin against peers

Company Operating margin
OLLI Ollie's Bargain Outlet Holdings, Inc. compare 12.3%
DLTR Dollar Tree, Inc. compare 11.0%
DG Dollar General Corporation compare 5.59%
TGT Target Corporation 5.59%
PSMT PriceSmart, Inc. compare 4.44%
WMT Walmart Inc. compare 4.39%
COST Costco Wholesale Corporation compare 3.85%
BJ BJ's Wholesale Club Holdings, Inc. compare 3.76%
TBBB BBB Foods Inc. compare 0.64%
Discount Stores industry median 4.42%
Consumer Defensive sector median 2.15%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on TGT