Target Corp (TGT) operating KPIs
TGTNYSERetail-Variety StoresFiscal year ends February 1
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Aug 28, 2026Score 21/3011% below fair value
$154.38+2.56 (+1.69%)
Close on Oct 30, 2026Market cap $70.13BP/E 16.0Yield 2.94%
Target gross Margin Rate (% of Merchandise Sales) (%)
Form 10-Q / 10-K MD&A & Form 8-K Earnings Release
Latest, Q2 FY26
33.7%
Period ended Aug 1, 2026
Change on a year earlier
+4.7 pts
29.0% in Q2 FY25
History
4 quarters
Since Q1 FY25
Sources
2
Documents cited below
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Gross Margin Rate (% of Merchandise Sales) (%) | Year on year | Source |
|---|---|---|---|---|
| Q2 FY26 | Aug 1, 2026 | 33.7% | +4.7 pts | Form 8-K Earnings Release (filed 2026-08-19) ↗ |
| Q1 FY26 | May 2, 2026 | 29.0% | +0.8 pts | Form 8-K Earnings Release (filed 2026-05-20) ↗ |
| Q2 FY25 | Aug 2, 2025 | 29.0% | – | Form 8-K Earnings Release (filed 2026-08-19) ↗ |
| Q1 FY25 | May 3, 2025 | 28.2% | – | Form 8-K Earnings Release (filed 2026-05-20) ↗ |
Breakdown
What makes up gross margin rate (% of merchandise sales)
- GAAP SG&A Expense Rate (% of Total Revenue)21.6% · Q2 FY26
- Non-GAAP Adjusted SG&A Expense Rate (% of Total Revenue)21.6% · Q2 FY26
- Depreciation & Amortization Rate (% of Total Revenue)2.5% · Q2 FY26
- GAAP Operating Income Margin Rate (% of Total Revenue)9.6% · Q2 FY26
- Non-GAAP Adjusted Operating Income Margin Rate (% of Total Revenue)9.6% · Q2 FY26
Cite this data
StockData. (2026). Target Gross Margin Rate (% of Merchandise Sales) (%), quarterly Q1 FY25–Q2 FY26 [Data set]. Compiled from Target SEC filings and investor materials. https://stockdatahq.com/stocks/tgt/kpis/gross_margin_rate_pct
See every metric in the Target KPI table. Data updated Oct 28, 2026.