Filing Flows › Target (TGT) › Operating margin
Target (TGT) operating margin by quarter
Target's operating margin was 9.6% in Q2 FY27 (second quarter fiscal 2027), +5.2 pts from Q1 FY27. Over the last 7 quarters it ranged from 3.8% (Q3 FY26) to 9.6% (Q2 FY27).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 9.6% | +5.2 pts | +4.4 pts |
| Q1 FY27 | 4.5% | -0.1 pts | -1.7 pts |
| Q4 FY26 | 4.5% | +0.8 pts | -0.2 pts |
| Q3 FY26 | 3.8% | -1.5 pts | — |
| Q2 FY26 | 5.2% | -0.9 pts | — |
| Q1 FY26 | 6.2% | +1.4 pts | — |
| Q4 FY25 | 4.7% | — | — |
Q2 FY27 at a glance
Target, Q2 FY27: revenue $26.5B (+5% year over year), operating margin 9.6%, net earnings $1.9B, operating cash flow $3.8B. The chart follows the revenue to costs, profit and cash.
Questions
What is Target's operating margin?
Target's operating margin was 9.6% in Q2 FY27 (second quarter fiscal 2027), +5.2 pts from Q1 FY27.
How has Target's operating margin changed?
Over the last 7 quarters it ranged from 3.8% (Q3 FY26) to 9.6% (Q2 FY27).