TTM
3.2%
YoY change
−0.30pp
Trough year (2014)
-2.3%
Peak year (2004)
6.8%
Latest annual
3.5%
Net Profit Margin history chart for Target (TGT) from 1985 to 2025
Latest: 3.5%
Net Profit Margin change chart for Target (TGT) from 1985 to 2025
Latest: −0.30pp
Net Profit Margin history table for Target (TGT) from 1985 to 2025
| 2025 | 3.5% | -0.30pp | ||
| 2024 | 3.8% | -0.01pp | ||
| 2023 | 3.9% | +1.30pp | ||
| 2022 | 2.5% | -4.00pp | ||
| 2021 | 6.6% | +1.88pp | ||
| 2020 | 4.7% | +0.47pp | ||
| 2019 | 4.2% | +0.30pp | ||
| 2018 | 3.9% | -0.11pp | ||
| 2017 | 4.0% | +0.12pp | ||
| 2016 | 3.9% | -0.67pp | ||
| 2015 | 4.6% | +6.81pp | ||
| 2014 | -2.3% | -5.02pp | ||
| 2013 | 2.8% | -1.33pp | ||
| 2012 | 4.1% | -0.10pp | ||
| 2011 | 4.2% | -0.14pp | ||
| 2010 | 4.3% | +0.53pp | ||
| 2009 | 3.8% | +0.40pp | ||
| 2008 | 3.4% | -1.09pp | ||
| 2007 | 4.5% | -0.19pp | ||
| 2006 | 4.7% | +0.11pp | ||
| 2005 | 4.6% | -2.25pp | ||
| 2004 | 6.8% | +2.52pp | ||
| 2003 | 4.3% | -0.03pp | ||
| 2002 | 4.3% | +0.90pp | ||
| 2001 | 3.4% | +0.01pp | ||
| 2000 | 3.4% | +0.03pp | ||
| 1999 | 3.4% | +0.35pp | ||
| 1998 | 3.0% | +0.34pp | ||
| 1997 | 2.7% | +0.88pp | ||
| 1996 | 1.8% | +0.50pp | ||
| 1995 | 1.3% | -0.71pp | ||
| 1994 | 2.0% | +0.09pp | ||
| 1993 | 1.9% | -0.19pp | ||
| 1992 | 2.1% | +0.27pp | ||
| 1991 | 1.9% | -0.91pp | ||
| 1990 | 2.8% | -0.22pp | ||
| 1989 | 3.0% | +0.65pp | ||
| 1988 | 2.4% | +0.21pp | ||
| 1987 | 2.1% | -0.64pp | ||
| 1986 | 2.8% | -0.45pp | ||
| 1985 | 3.2% | — |
- 20253.5%-0.30pp
- 20243.8%-0.01pp
- 20233.9%+1.30pp
- 20222.5%-4.00pp
- 20216.6%+1.88pp
- 20204.7%+0.47pp
- 20194.2%+0.30pp
- 20183.9%-0.11pp
- 20174.0%+0.12pp
- 20163.9%-0.67pp
- 20154.6%+6.81pp
- 2014-2.3%-5.02pp
- 20132.8%-1.33pp
- 20124.1%-0.10pp
- 20114.2%-0.14pp
- 20104.3%+0.53pp
- 20093.8%+0.40pp
- 20083.4%-1.09pp
- 20074.5%-0.19pp
- 20064.7%+0.11pp
- 20054.6%-2.25pp
- 20046.8%+2.52pp
- 20034.3%-0.03pp
- 20024.3%+0.90pp
- 20013.4%+0.01pp
- 20003.4%+0.03pp
- 19993.4%+0.35pp
- 19983.0%+0.34pp
- 19972.7%+0.88pp
- 19961.8%+0.50pp
- 19951.3%-0.71pp
- 19942.0%+0.09pp
- 19931.9%-0.19pp
- 19922.1%+0.27pp
- 19911.9%-0.91pp
- 19902.8%-0.22pp
- 19893.0%+0.65pp
- 19882.4%+0.21pp
- 19872.1%-0.64pp
- 19862.8%-0.45pp
- 19853.2%—
Net Profit Margin values are taken from Target's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Net Profit Margin at Target (TGT)
According to Target's latest reported financial statements, the company's latest reported net margin is 3.2%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Target (TGT) net margin is 3.54% – contracted 0.3 percentage points year-over-year.
6.83% stands as the all-time-high annual net margin, posted in 2004, against a low of -2.25% during 2014.
Target Net Profit Margin by Year
Target Net Profit Margin 2025: 3.5%
Target net margin in 2025 was 3.54%, contracted 0.3 percentage points from 2024.
Target Net Profit Margin 2024: 3.8%
2024's net margin for Target came in at 3.84%, contracted 0.0 percentage points from 2023.
Target Net Profit Margin 2023: 3.9%
Target posted net margin of 3.85% in 2023, expanded 1.3 percentage points from 2022.
Target Net Profit Margin 2022: 2.5%
In 2022, Target reported net margin of 2.55%, contracted 4.0 percentage points from 2021.
Target Net Profit Margin 2021: 6.6%
Target net margin in 2021 was 6.55%.
See more financial history for Target (TGT).
Sector peers by Net Profit Margin
Consumer Defensive peers of Target (TGT), ranked by their latest net margin
| 36.9% | |
| 27.8% | |
| 26.7% | |
| 23.1% | |
| 19.2% | |
| 9.2% | |
| 3.2% | |
| 3.0% |
- 36.9%
- 27.8%
- 9.2%
- 3.2%
- 3.0%
Frequently asked questions
Target (TGT) Key Financials
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