Saturday 31 October 2026 Export TJX’s income statement to Excel — free account

The TJX Companies, Inc.

The TJX Companies, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $60.4 billion, up 7.12% from fiscal 2025. In the quarter to July 2026, revenue grew 5.41%, EPS grew 23.6%, free cash flow grew 30.0% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three.

140.58 0.81 −0.57%

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Market cap: $155.5B
P/E: 26.0×
Fwd P/E: 27.3×
Dividend yield: 1.63%
F-score: 7/9
Altman Z: 6.70
Beneish M: −2.68
Dividend safety: 93/100

Overview Business Profile Earnings & Analysis Segments Filings

Insider Decisions trades per month

Total sells 40.77

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	—	—	—	1	—	—	6	—	—	—	—

Insider Ownership 0.36%

Capital & Financial Ratios $m

Market Cap 155,530.00

Revenue 62,363.00

Net Income 6,067.00

Free Cash Flow 5,876.00

Net Debt (3,133.00)

Current Ratio 1.15

Debt/Equity 0.27

P/E ratio 25.99

Fwd P/E 27.30

P/S ratio 2.49

P/B ratio 14.57

Past 5Y EPS Growth 133.61%

This Y EPS Growth 11.16%

Next Y EPS Growth 9.45%

Next Y revenue growth 6.04%

Next 5Y EPS Growth 10.97%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 56.41%

10-year low 10-year high

P/S against its own 10 years 85.82%

10-year low 10-year high

P/B against its own 10 years 66.14%

10-year low 10-year high

EV/Sales against its own 10 years 85.02%

10-year low 10-year high

EV/FCF against its own 10 years 47.76%

10-year low 10-year high

Dividends

Payout Ratio 0.42

Annual Dividend Rate 2.29

Annual Dividend Yield 1.63%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	1.87	0.43 0.48 0.48 0.48
2025	1.65	0.38 0.43 0.43 0.43
2024	1.46	0.33 0.38 0.38 0.38
2023	1.29	0.30 0.33 0.33 0.33
2022	1.15	0.26 0.30 0.30 0.30
2021	1.04	0.26 0.26 0.26 0.26
2020	0.23	0.23
2019	0.89	0.20 0.23 0.23 0.23
2018	0.74	0.16 0.20 0.20 0.20
2017	0.60	0.13 0.16 0.16 0.16
2016	0.50	0.11 0.13 0.13 0.13

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	5,600	5,335	6,230	6,004
Receivables	588	618	610	733
Inventory	5,965	6,421	7,297	7,862
Other	—	—	—	—
	12,664	12,991	15,202	15,329

	2024	2025	2026	Q'26
Payables	3,862	4,257	4,575	5,024
ST’ Debt	—	—	999	1,000
Other	—	—	—	—
	10,451	11,008	13,361	13,360

Compound Annual Growth %

	10y	5y	3y
Sales	6.91%	13.44%	6.53%
Cash Flow	8.80%	8.55%	18.95%
Earnings	9.20%	127.58%	16.24%
Book Value	8.99%	11.80%	16.99%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 1.18 Actual 1.22

0.95 1.08 1.22 1.36 1.49

Q3 FY26 Beat +0.06

Q4 FY26 Beat +0.05

Q1 FY27 Beat +0.18

Q2 FY27 Beat +0.04

Q3 FY27 — Nov 18

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY26	1.22	1.28	Beat by 0.06
Q4 FY26	1.38	1.43	Beat by 0.05
Q1 FY27	1.01	1.19	Beat by 0.18
Q2 FY27	1.18	1.22	Beat by 0.04
Q3 FY27	1.33	—	Reports 18 November 2026

EPS $

	Apr	Jul	Oct	Jan	Year
’26	1.19	1.36	—	—	—
’26	0.92	1.10	1.28	1.58	4.87
’25	0.93	0.96	1.14	1.23	4.26
’24	0.76	0.85	1.03	1.22	3.86
’23	0.49	0.69	0.91	0.89	2.97
’22	0.44	0.64	0.84	0.78	2.70
’21	(0.74)	(0.18)	0.71	0.27	0.07

Fiscal quarters ending in the months shown.

Revenue $m

	Apr	Jul	Oct	Jan	Year
’26	14,323	15,180	—	—	—
’26	13,111	14,401	15,117	17,743	60,372
’25	12,479	13,468	14,063	16,350	56,360
’24	11,783	12,758	13,265	16,411	54,217
’23	11,406	11,843	12,167	14,520	49,936
’22	10,087	12,077	12,532	13,854	48,550
’21	4,409	6,668	10,117	10,943	32,137

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	1,119	2,226	—	—	—
’26	394	1,791	1,532	3,157	6,874
’25	737	1,629	1,046	2,704	6,116
’24	745	1,341	1,171	2,800	6,057
’23	(634)	640	1,053	3,025	4,084
’22	(433)	1,380	1,000	1,110	3,057
’21	(3,160)	3,357	4,080	285	4,562

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	457	1,729	—	—	—
’26	(103)	1,330	1,001	2,689	4,917
’25	318	1,066	624	2,190	4,198
’24	384	882	711	2,358	4,335
’23	(948)	261	646	2,668	2,627
’22	(658)	1,160	729	781	2,012
’21	(3,371)	3,258	3,956	151	3,994

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	Trend	10 yrs	2027e	2028e	2029e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	33.22	36.41	43.80	32.72	61.15	53.69	72.92	91.31	112.10	122.78		+15.6%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	40.46	56.64	61.69	68.89	76.94	81.17	94.29	128.00	157.83	170.00		+17.3%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	235,000	249,000	270,000	286,000	320,000	340,000	329,000	349,000	364,000	377,000		+5.4%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.14	0.14	0.14	0.15	0.10	0.14	0.15	0.16	0.15	0.16		+1.4%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	33,184	35,865	38,973	41,717	32,137	48,550	49,936	54,217	56,360	60,372		+6.9%	64,017	67,995	72,893	+6.5%
	Gross margin, %	28.98	28.89	28.59	28.46	23.66	28.50	27.61	30.00	30.60	30.96		+2.0 pt	Powerpack The TJX Companies, Inc.’s next three years, line by line Analysts expect revenue to grow 6.5% a year to 2029 — in line with the 6.9% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	3,723	3,857	4,173	4,406	89	4,398	4,636	5,967	6,483	7,299		+7.8%
	EBT margin, %	11.22	10.75	10.71	10.56	0.28	9.06	9.28	11.01	11.50	12.09		+0.9 pt
	Net income	2,298	2,608	3,060	3,272	90	3,283	3,498	4,474	4,864	5,494		+10.2%
	Depreciation	659	825	923	992	930	1,057	1,009	1,124	1,287	1,461		+9.3%
Per share, $
Per share, $	Revenue	25.31	28.16	31.40	34.53	26.78	40.46	42.83	47.31	49.96	54.19		+8.8%
	Earnings	1.73	2.02	2.43	2.67	0.07	2.70	2.97	3.86	4.26	4.87		+12.2%
	Cash flow	2.77	2.38	3.29	3.37	3.80	2.55	3.50	5.29	5.42	6.17		+9.3%
	Capex	(0.78)	(0.83)	(0.91)	(1.01)	(0.47)	(0.87)	(1.25)	(1.50)	(1.70)	(1.76)		+9.4%
	Free cash flow	1.98	1.55	2.39	2.35	3.33	1.68	2.25	3.78	3.72	4.41		+9.3%
	Book value	3.44	4.04	4.07	4.92	4.86	5.00	5.46	6.37	7.44	9.15		+11.5%
	Shares, m	1,311	1,274	1,241	1,208	1,200	1,200	1,166	1,146	1,128	1,114		(1.8%)
Valuation, ×
Valuation, ×	P/E	21.65	19.88	20.38	22.03	1,067.83	26.66	27.47	24.59	29.29	30.77		129.1
	P/S	1.48	1.43	1.58	1.71	2.39	1.78	1.91	2.01	2.50	2.77		2.0
	P/B	10.89	9.94	12.23	11.99	13.18	14.39	15.00	14.90	16.77	16.42		13.6
	EV/Sales	1.44	1.40	1.56	1.72	2.26	1.75	1.87	1.99	2.48	2.72		1.9
	EV/FCF	18.40	25.47	20.56	25.24	18.15	42.28	35.53	24.85	33.34	33.34		27.7
Cash, $m
Cash, $m	Operating cash flow	3,627	3,026	4,088	4,067	4,562	3,057	4,084	6,057	6,116	6,874		+7.4%
	Capex	(1,025)	(1,058)	(1,125)	(1,223)	(568)	(1,045)	(1,457)	(1,722)	(1,918)	(1,957)		+7.5%
	Free cash flow	2,602	1,968	2,963	2,843	3,994	2,012	2,627	4,335	4,198	4,917		+7.3%
Balance, $m
Balance, $m	Working capital	2,993	3,360	2,938	1,740	4,936	2,791	2,151	2,213	1,983	1,841		(5.3%)
	Total debt	2,228	2,231	2,234	3,648	6,083	4,932	3,359	2,862	2,866	2,869		+2.9%
	Net debt	(1,245)	(1,034)	(797)	431	(4,387)	(1,295)	(2,118)	(2,738)	(2,469)	(3,361)		+11.7%
	Shareholders’ equity	4,511	5,148	5,049	5,948	5,833	6,003	6,364	7,302	8,393	10,190		+9.5%
Returns, %
Returns, %	ROA	18.86	19.36	21.56	17.01	0.33	11.08	12.31	15.40	15.82	16.27		(2.6) pt
	ROIC	73.09	59.07	61.47	43.27	25.16	63.12	71.54	79.38	66.49	65.69		(7.4) pt
	ROE	52.13	54.00	60.01	59.51	1.53	55.48	56.57	65.48	61.98	59.13		+7.0 pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Marmaxx	36,585	60.60%
HomeGoods	10,172	16.85%
TJX International	7,986	13.23%
TJX Canada	5,629	9.32%
Gross margin		30.96%
Operating margin		11.89%
Pre-tax margin		12.09%

Revenue by segment since 2009

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TJX The TJX Companies, Inc.	$155.5B	26.0×	27.3×	+5.41% (above 0%: growing)	+23.64% (above 0%: growing)	+30.00% (above 0%: growing)	33.41%	13.09%
ROST Ross Stores, Inc.	$74.2B	27.3×	26.2×	+13.31% (above 0%: growing)	+70.70% (above 0%: growing)	+33.83% (above 0%: growing)	33.83%	17.62%	Compare
BURL Burlington Stores, Inc.	$15.2B	21.3×	21.6×	+10.99% (above 0%: growing)	+95.92% (above 0%: growing)	+31.74% (above 0%: growing)	46.24%	8.51%	Compare
LULU lululemon athletica inc.	$12.7B	8.8×	10.3×	−4.34% (below 0%: shrinking)	−5.81% (below 0%: shrinking)	+49.33% (above 0%: growing)	60.52%	18.78%	Compare
GAP The Gap, Inc.	$8.0B	6.5×	6.1×	−1.99% (below 0%: shrinking)	+143.10% (above 0%: growing)	−47.71% (below 0%: shrinking)	52.83%	18.52%	Compare
VSXY Victoria's Secret & Co.	$7.9B	21.7×	17.7×	+10.42% (above 0%: growing)	+990.00% (above 0%: growing)	+272.73% (above 0%: growing)	47.11%	15.95%	Compare
URBN Urban Outfitters, Inc.	$7.9B	14.0×	12.2×	+10.44% (above 0%: growing)	+75.63% (above 0%: growing)	+92.47% (above 0%: growing)	43.42%	17.37%	Compare
ANF Abercrombie & Fitch Company	$7.0B	13.9×	11.6×	+4.81% (above 0%: growing)	+41.41% (above 0%: growing)	+296.59% (above 0%: growing)	71.10%	19.95%	Compare
BOOT Boot Barn Holdings, Inc.	$3.9B	16.6×	12.7×	+17.75% (above 0%: growing)	+32.00% (above 0%: growing)	−22.73% (below 0%: shrinking)	40.42%	15.25%	Compare
Median of peers	$8.0B	15.3×	12.5×	+10.43%	+73.16%	+41.58%	46.68%	17.50%

All 33 Apparel Retail stocks →

Business profile

Updated 27 October 2026

TJX is an off-price retailer of apparel, home fashions and other merchandise. It sells quality, fashionable, brand-name and designer goods at prices generally 20% to 60% below the regular prices charged by full-price department, specialty and online retailers for comparable merchandise.

Its retail banners include TJ Maxx, Marshalls, HomeGoods, Homesense, Winners, HomeSense, TK Maxx and Sierra. The assortment covers family apparel, footwear, accessories, beauty, jewelry, furniture, rugs, lighting, decorative accessories, tabletop, cookware, pet products, gourmet food, active and outdoor gear, and seasonal merchandise. The mix changes frequently rather than following the stable assortments typical of conventional retailers.

Read the full business profile →

From the latest earnings call

Updated 26 October 2026

Ernie Herrman said Marmaxx’s merchandise-mix issues were self-inflicted, with improvement beginning in August and further improvement expected by the holiday season.
John said TJX raised its full-year adjusted pre-tax margin and adjusted EPS outlook after second-quarter profitability exceeded the company’s plan.

Read the Earnings & Analysis →

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 90.42%

Held by the ten largest 38.07%

Holder	Shares	Stake	Change
BlackRock	108.84m	9.85%	+1.34m
Vanguard	104.13m	9.43%	+651.39k
State Street	49.71m	4.50%	+1.39m
Geode Capital Management	28.89m	2.62%	−299.68k
Morgan Stanley	27.03m	2.45%	+306.43k
Fidelity (FMR)	25.44m	2.30%	−2.11m
Bank of America	23.18m	2.10%	−2.03m
UBS	21.81m	1.97%	+205.08k
JPMorgan Chase	16.94m	1.53%	−937.79k
Ameriprise (Columbia Threadneedle)	14.56m	1.32%	+1.32m

13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 30 April 2026

Chief executive’s pay

Year	Total pay	Actually paid	$100 invested
2026	26.60m	47.45m	251.93
2025	23.48m	47.97m	207.30
2024	22.22m	43.64m	159.78
2023	20.53m	22.69m	132.13
2022	31.80m	48.12m	113.13

Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement