SuperworthTarget profit margin TGT
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 4.1%
- Operating margin, 12 months
- 5.6%
- Net margin on a year earlier
- +0.4 pts
- Peer median
- 3.9%
Over the twelve months to Aug 1, 2026, Target kept 4.1% of its revenue as net profit, with an operating margin of 5.6% and a gross margin of 29.3%.
Five years earlier its net margin was 6.3%.
The median for 5 discount retailers of a similar size is 3.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 3.5% | 4.9% | 27.9% |
| FY2024 | 3.8% | 5.2% | 28.2% |
| FY2023 | 3.9% | 5.3% | 27.5% |
| FY2022 | 2.5% | 3.5% | 24.6% |
| FY2021 | 6.6% | 8.4% | 29.3% |
| FY2020 | 4.7% | 7.0% | 29.3% |
| FY2019 | 4.2% | 6.0% | 29.8% |
| FY2018 | 3.9% | 5.5% | 29.3% |
| FY2017 | 4.0% | 5.8% | 29.7% |
| FY2016 | 3.9% | 7.2% | 29.3% |
| FY2015 | 4.6% | 7.5% | 29.5% |
| FY2014 | −2.3% | 6.2% | 29.4% |
| FY2013 | 2.7% | 7.1% | 29.5% |
| FY2012 | 4.1% | 7.3% | 31.0% |
| FY2011 | 4.2% | 7.6% | 31.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 4.1% | +0.4 pts | 5.6% | |
| Q1 FY26 | 3.2% | −0.7 pts | 4.5% | |
| Q4 FY25 | 3.5% | −0.3 pts | 4.9% | |
| Q3 FY25 | 3.6% | −0.5 pts | 4.9% | |
| Q2 FY25 | 3.7% | −0.5 pts | 5.1% | |
| Q1 FY25 | 4.0% | +0.1 pts | 5.4% | |
| Q4 FY24 | 3.8% | −0.0 pts | 5.2% | |
| Q3 FY24 | 4.1% | +0.7 pts | 5.5% | |
| Q2 FY24 | 4.2% | +1.1 pts | 5.7% | |
| Q1 FY24 | 3.9% | +1.4 pts | 5.3% | |
| Q4 FY23 | 3.9% | +1.3 pts | 5.3% | |
| Q3 FY23 | 3.4% | +0.2 pts | 4.7% |
Against its peers
Companies in Discount Stores nearest Target's size, closest first, today.
| Company | Profit margin |
|---|---|
| TGTTarget | 4.1% |
| DGDollar General | 3.9% |
| DLTRDollar Tree | 8.0% |
| BJBJ's Wholesale Club | 2.6% |
| FIVEFive Below | 11.7% |
| COSTCostco Wholesale | 3.0% |
| Peer median | 3.9% |
Where Target ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Target
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.