TARGET CORP (TGT) closed fiscal year 2026 with a gross margin of 27.9 % and a net margin of 3.5 %.
TARGET CORP (TGT) closed fiscal year 2026 with a gross margin of 27.9 % and a net margin of 3.5 %. The same year shows an EBITDA margin of 7.9 % and an EBIT margin of 4.9 %. The free cash flow margin was 2.7 %. Against the previous year the gross margin moved −0.3 pp and the net margin −0.3 pp. Across the period the gross margin ranges between 24.6 % in 2023 and 32.6 % in 2010. The series covers 19 fiscal years, from 2008 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: February
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 32.25 % | 32.01 % | 32.58 % | 32.15 % | 31.50 % | 31.01 % | 29.80 % | 29.39 % | 29.20 % | 28.96 % | 28.54 % | 29.27 % | 29.76 % | 29.27 % | 29.28 % | 24.57 % | 27.54 % | 28.21 % | 27.93 % |
| EBITDA margin (%) | — | — | 10.10 % | 10.76 % | 10.56 % | 9.89 % | — | — | — | 10.22 % | 9.21 % | 8.74 % | 9.30 % | 9.65 % | 10.93 % | 6.00 % | 7.92 % | 8.02 % | 7.87 % |
| EBIT margin (%) | — | — | 7.00 % | 7.67 % | 7.51 % | 7.10 % | — | — | — | 6.92 % | 5.81 % | 5.45 % | 5.96 % | 6.99 % | 8.44 % | 3.53 % | 5.31 % | 5.22 % | 4.88 % |
| Net margin (%) | 4.50 % | 3.41 % | 3.81 % | 4.33 % | 4.19 % | 4.09 % | 2.77 % | -2.25 % | 4.56 % | 3.89 % | 4.01 % | 3.90 % | 4.20 % | 4.67 % | 6.55 % | 2.55 % | 3.85 % | 3.84 % | 3.54 % |
| FCF margin (%) | -0.39 % | 1.36 % | 6.35 % | 4.66 % | 1.53 % | 4.06 % | 6.50 % | 3.69 % | 6.13 % | 5.55 % | 6.05 % | 3.26 % | 5.24 % | 8.42 % | 4.79 % | -1.38 % | 3.55 % | 4.20 % | 2.71 % |
