The TJX Companies, Inc. (TJX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$1.19	$1.36	+14.3%	—	$15.2B	—
Q1 27	$1.02	$1.19	+16.7%	—	$14.3B	—
Q4 26	$1.38	$1.58	+14.5%	—	$17.7B	—
Q3 26	$1.22	$1.28	+4.9%	—	$15.1B	—
Q2 26	$1.01	$1.1	+8.9%	—	$14.4B	—
Q1 26	$0.91	$0.92	+1.1%	—	$13.1B	—
Q4 25	$1.17	$1.23	+5.1%	—	$16.4B	—
Q3 25	$1.09	$1.14	+4.6%	—	$14.1B	—
Q2 25	$0.92	$0.96	+4.3%	—	$13.5B	—
Q1 25	$0.87	$0.93	+6.9%	—	$12.5B	—
Q4 24	$1.12	$1.22	+8.9%	—	$16.4B	—
Q3 24	$0.99	$1.03	+4.0%	—	$13.3B	—
Q2 24	$0.77	$0.85	+10.4%	—	$12.8B	—
Q1 24	$0.71	$0.76	+7.0%	—	$11.8B	—
Q4 23	$0.89	$0.89	0.0%	—	$14.5B	—
Q3 23	$0.8	$0.91	+13.7%	—	$12.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$4.96	—	—	$60.4B	—
FY25	—	$4.33	—	—	$56.4B	—
FY24	—	$3.9	—	—	$54.2B	—
FY23	—	$3.03	—	—	$49.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$33.2B	$35.9B	$39B	$41.7B	$32.1B	$48.5B	$49.9B	$54.2B	$56.4B	$60.4B
YoY change	+7.23%	+8.08%	+8.67%	+7.04%	-23%	+51.1%	+2.85%	+8.57%	+3.95%	+7.12%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	33.2B	35.9B	39B	41.7B	32.1B	48.5B	49.9B	54.2B	56.4B	60.4B
Cost of revenue	23.6B	25.5B	27.8B	29.8B	24.5B	34.7B	36.1B	38B	39.1B	41.7B
Gross profit	9.6B	10.4B	11.1B	11.9B	7.6B	13.8B	13.8B	16.3B	17.2B	18.7B
Gross margin	29%	28.9%	28.6%	28.5%	23.7%	28.5%	27.6%	30%	30.6%	31%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	5.8B	6.4B	6.9B	7.5B	7B	9.1B	8.9B	10.5B	10.9B	11.5B
Operating expenses	5.8B	6.4B	6.9B	7.5B	7B	9.1B	8.9B	10.5B	10.9B	11.5B
Operating income	3.8B	4B	4.2B	4.4B	582M	4.8B	4.9B	5.8B	6.3B	7.2B
Operating margin	11.6%	11.1%	10.8%	10.6%	1.81%	9.79%	9.73%	10.7%	11.2%	11.9%
Non-operating income, net	-82.9M	-99.3M	-36.1M	—	-312M	-242M	-218M	—	—	—
Pretax income	3.7B	3.9B	4.2B	4.4B	89M	4.4B	4.6B	6B	6.5B	7.3B
Income tax	1.4B	1.2B	1.1B	1.1B	-1M	1.1B	1.1B	1.5B	1.6B	1.8B
Net income	2.3B	2.6B	3.1B	3.3B	90M	3.3B	3.5B	4.5B	4.9B	5.5B
Net margin	6.93%	7.27%	7.85%	7.84%	0.28%	6.76%	7%	8.25%	8.63%	9.1%
EBITDA	4.5B	4.7B	5.1B	5.3B	1.5B	5.6B	5.8B	7B	7.7B	8.6B
EPS	1.78	2.06	2.48	2.72	0.08	2.78	3.03	3.9	4.33	4.96
Diluted EPS	1.73	2.02	2.43	2.67	0.07	2.7	2.97	3.86	4.26	4.87

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	13.3B	16.4B	12.5B	13.5B	14.1B	16.4B	13.1B	14.4B	15.1B	17.7B	14.3B	15.2B
Cost of revenue	9.1B	11.5B	8.7B	9.4B	9.6B	11.4B	9.2B	10B	10.2B	12.3B	9.8B	10.1B
Gross profit	4.1B	4.9B	3.7B	4.1B	4.4B	5B	3.9B	4.4B	4.9B	5.5B	4.5B	5.1B
Gross margin	31.1%	29.8%	30%	30.4%	31.6%	30.5%	29.5%	30.7%	32.6%	30.9%	31.3%	33.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.6B	3.1B	2.4B	2.7B	2.7B	3.1B	2.5B	2.8B	3B	3.1B	2.8B	3.1B
Operating expenses	2.6B	3.1B	2.4B	2.7B	2.7B	3.1B	2.5B	2.8B	3B	3.1B	2.8B	3.1B
Operating income	1.5B	1.8B	1.3B	1.4B	1.7B	1.8B	1.3B	1.6B	1.9B	2.4B	1.7B	2B
Operating margin	11.7%	10.9%	10.7%	10.6%	12%	11.3%	10%	11.2%	12.5%	13.3%	11.8%	13.1%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	1.6B	1.8B	1.4B	1.5B	1.7B	1.9B	1.3B	1.6B	1.9B	2.4B	1.7B	2B
Income tax	398M	440M	320M	369M	439M	491M	310M	404M	474M	617M	389M	498M
Net income	1.2B	1.4B	1.1B	1.1B	1.3B	1.4B	1B	1.2B	1.4B	1.8B	1.3B	1.5B
Net margin	8.98%	8.55%	8.57%	8.16%	9.22%	8.55%	7.9%	8.63%	9.54%	9.99%	9.3%	10%
EBITDA	1.9B	2.1B	1.7B	1.8B	2B	2.2B	1.7B	2B	2.3B	2.7B	2.1B	2.4B
EPS	1.04	1.23	0.94	0.97	1.15	1.24	0.93	1.11	1.3	1.6	1.2	1.38
Diluted EPS	1.03	1.22	0.93	0.96	1.14	1.23	0.92	1.1	1.28	1.58	1.19	1.36

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	48.4B	50.4B	60.5B	70.8B	77.1B	85B	94.6B	108.8B	139.7B	165.9B	147.8B
Enterprise value	47.4B	49.6B	60B	79B	82.2B	91.3B	101.9B	115.7B	147.1B	173.1B	151.4B
Shares outstanding	1.3B	1.3B	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	21.1	19.3	19.8	21.6	857.2	25.9	27	24.3	28.7	30.2	24.1
P/S	1.46	1.41	1.55	1.7	2.4	1.75	1.89	2.01	2.48	2.75	2.31
P/B	10.7	9.8	12	11.9	13.2	14.2	14.9	14.9	16.6	16.3	13.8
EV/EBITDA	10.5	10.5	11.8	14.8	56.1	16.2	17.5	16.5	19.2	20.1	17
EV/Sales	1.43	1.38	1.54	1.89	2.56	1.88	2.04	2.13	2.61	2.87	2.43
Earnings yield	4.75%	5.17%	5.05%	4.62%	0.12%	3.86%	3.7%	4.11%	3.48%	3.31%	4.14%
FCF yield	5.37%	3.9%	4.9%	4.02%	5.18%	2.37%	2.78%	3.99%	3.01%	2.96%	2.98%
PEG	—	—	—	—	—	—	—	—	—	—	1.03

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	29%	28.9%	28.6%	28.5%	23.7%	28.5%	27.6%	30%	30.6%	31%	33.4%
Operating margin	11.6%	11.1%	10.8%	10.6%	1.81%	9.79%	9.73%	10.7%	11.2%	11.9%	10.9%
Net margin	6.93%	7.27%	7.85%	7.84%	0.28%	6.76%	7%	8.25%	8.63%	9.1%	9.73%
ROE	51%	50.7%	60.6%	55%	1.54%	54.7%	55%	61.3%	58%	53.9%	62.2%
ROA	17.8%	18.6%	21.4%	13.6%	0.29%	11.5%	12.3%	15%	15.3%	15.4%	13.5%
ROIC	69.1%	62.2%	68.8%	23.1%	5.36%	28.9%	26.9%	30.5%	29.9%	31%	31.5%
Return on tangible assets	18.4%	18.8%	21.7%	13.7%	0.29%	11.6%	12.4%	15.1%	15.4%	15.4%	16.4%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.63	1.66	1.53	1.24	1.46	1.27	1.21	1.21	1.18	1.14	1.15
Quick ratio	0.86	0.84	0.7	0.56	1.06	0.7	0.64	0.64	0.6	0.59	0.56
Debt / equity	0.53	0.48	0.49	1.93	2.66	2.08	2	1.72	1.52	1.32	1.34
Debt / assets	0.19	0.17	0.17	0.47	0.5	0.44	0.45	0.42	0.4	0.38	0.39
Net debt / EBITDA	-0.24	-0.17	-0.11	1.55	3.43	1.12	1.25	0.99	0.97	0.84	0.88
Interest coverage	61.4	61	65.4	75.6	1.46	38	56.2	76.5	86.3	99.6	108.3
Effective tax rate	38.3%	32.4%	26.7%	25.7%	0%	25.4%	24.5%	25%	25%	24.7%	24.6%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	25.7	28.6	32	34.8	26.7	41.1	43.2	47.3	50.4	54.5	56.3
EPS (basic)	1.78	2.06	2.48	2.72	0.08	2.78	3.03	3.9	4.33	4.96	4.96
EPS (diluted)	1.73	2.02	2.43	2.67	0.07	2.7	2.97	3.86	4.26	4.87	5.4
Book value per share	3.49	4.1	4.15	4.96	4.84	5.08	5.51	6.37	7.5	9.2	9.41
FCF per share	2.01	1.57	2.43	2.37	3.32	1.7	2.27	3.78	3.75	4.44	5.26
Cash per share	2.69	2.6	2.49	2.68	8.69	5.27	4.74	4.89	4.77	5.63	5.46
Capex per share	0.79	0.84	0.92	1.02	0.47	0.88	1.26	1.5	1.71	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.09%	2.95%	2.89%	2.93%	1.77%	2.15%	2.92%	3.18%	3.4%	—	—
Capex / operating cash flow	33.2%	35.3%	31.2%	31.8%	15.8%	51.9%	35.8%	31%	32.3%	—	—
Payout ratio	28.3%	29.3%	30.2%	32.7%	308.9%	38.1%	38.3%	33.2%	33.9%	33.5%	32.5%
Dividend yield	1.34%	1.51%	1.52%	1.51%	0.36%	1.47%	1.42%	1.36%	1.18%	1.11%	1.45%

Yield

1.45%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.48

ex-dividend Aug 13, 2026

Payout ratio

33%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 13, 2026	$0.48
May 14, 2026	$0.48
Feb 12, 2026	$0.425

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$13.3B	$16.4B	$12.5B	$13.5B	$14.1B	$16.4B	$13.1B	$14.4B	$15.1B	$17.7B	$14.3B	$15.2B
YoY change	+9.02%	+13%	+5.91%	+5.57%	+6.02%	-0.37%	+5.06%	+6.93%	+7.49%	+8.52%	+9.24%	+5.41%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	3.5B	3.3B	3B	3.2B	10.5B	6.2B	5.5B	5.6B	5.3B	6.2B
Receivables	258.8M	327.2M	346.3M	386.3M	461.1M	518M	563M	529M	549M	602M
Inventory	3.6B	4.2B	4.6B	4.9B	4.3B	6B	5.8B	6B	6.4B	7.3B
Total current assets	7.8B	8.5B	8.5B	8.9B	15.7B	13.3B	12.5B	12.7B	13B	15.2B
Property, plant & equipment	4.5B	5B	5.3B	14.4B	14B	14.1B	14.9B	16B	17B	18.6B
Goodwill & intangibles	391.7M	200.1M	195.1M	191.1M	198M	194M	194M	190M	188M	192M
Total assets	12.9B	14.1B	14.3B	24.1B	30.8B	28.5B	28.3B	29.7B	31.7B	35.8B
Accounts payable	2.2B	2.5B	2.6B	2.7B	4.8B	4.5B	3.8B	3.9B	4.3B	4.6B
Short-term debt	—	—	—	1.4B	2.4B	1.6B	2.1B	1.6B	1.6B	2.7B
Total current liabilities	4.8B	5.1B	5.5B	7.2B	10.8B	10.5B	10.3B	10.5B	11B	13.4B
Long-term debt	2.4B	2.5B	2.5B	10.1B	13.1B	10.9B	10.6B	10.9B	11.1B	10.8B
Total liabilities	8.4B	8.9B	9.3B	18.2B	25B	22.5B	22B	22.4B	23.4B	25.6B
Shareholders' equity	4.5B	5.1B	5B	5.9B	5.8B	6B	6.4B	7.3B	8.4B	10.2B
Total debt	2.4B	2.5B	2.5B	11.5B	15.5B	12.5B	12.7B	12.5B	12.8B	13.5B
Net debt	-526M	-306M	-553.4M	8.2B	5B	6.3B	7.3B	6.9B	7.4B	7.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	4.3B	5.6B	5.1B	5.3B	4.7B	5.3B	4.3B	4.6B	4.6B	6.2B	5.6B	6B
Receivables	560M	529M	542M	521M	599M	549M	594M	600M	651M	602M	642M	665M
Inventory	8.3B	6B	6.2B	6.5B	8.4B	6.4B	7.1B	7.4B	9.4B	7.3B	7.7B	7.9B
Total current assets	13.8B	12.7B	12.4B	12.9B	14.4B	13B	12.6B	13.3B	15.3B	15.2B	14.6B	15.3B
Property, plant & equipment	15.6B	16B	16.1B	16.5B	16.7B	17B	17.5B	17.8B	18B	18.6B	19.5B	19.7B
Goodwill & intangibles	188M	190M	190M	190M	190M	188M	190M	190M	190M	192M	194M	194M
Total assets	30.4B	29.7B	29.7B	30.6B	32.4B	31.7B	31.9B	32.9B	35.2B	35.8B	36.2B	37.1B
Accounts payable	5.4B	3.9B	4.1B	4.5B	5.6B	4.3B	4.4B	4.7B	5.9B	4.6B	4.9B	5B
Short-term debt	1.7B	1.6B	1.6B	1.6B	1.6B	1.6B	1.7B	1.7B	2.7B	2.7B	2.7B	2.7B
Total current liabilities	11.6B	10.5B	10.1B	10.6B	12B	11B	10.8B	11.3B	14B	13.4B	12.9B	13.4B
Long-term debt	10.8B	10.9B	11B	11B	11.1B	11.1B	11.4B	11.5B	10.5B	10.8B	11.5B	11.6B
Total liabilities	23.5B	22.4B	22.2B	22.8B	24.3B	23.4B	23.4B	24B	25.8B	25.6B	25.8B	26.5B
Shareholders' equity	6.8B	7.3B	7.5B	7.8B	8.2B	8.4B	8.5B	8.9B	9.4B	10.2B	10.4B	10.7B
Total debt	12.5B	12.5B	12.6B	12.7B	12.7B	12.8B	13.1B	13.1B	13.2B	13.5B	14.2B	14.3B
Net debt	8.2B	6.9B	7.6B	7.4B	8B	7.4B	8.8B	8.5B	8.6B	7.3B	8.6B	8.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	2.3B	2.6B	3.1B	3.3B	90M	3.3B	3.5B	4.5B	4.9B	5.5B
Depreciation & amortization	658.8M	726M	819.7M	867.3M	871M	868M	887M	964M	1.1B	1.2B
Stock-based compensation	102.3M	101.4M	103.6M	125M	59M	189M	122M	160M	183M	214M
Change in working capital	36.9M	-307.6M	-275.3M	-314.8M	2.8B	-2.3B	-599M	-2M	-139M	-461M
Operating cash flow	3.1B	3B	3.6B	3.9B	3.6B	2B	4.1B	5.5B	5.9B	6.9B
Capital expenditure	-1B	-1.1B	-1.1B	-1.2B	-568M	-1B	-1.5B	-1.7B	-1.9B	—
Investing cash flow	-1.2B	-1B	-623.6M	-1.5B	-579M	-1B	-1.5B	-1.7B	-2.5B	-24M
Dividends paid	-651M	-764M	-922.6M	-1.1B	-278M	-1.3B	-1.3B	-1.5B	-1.6B	-1.8B
Share repurchases	-1.7B	-1.6B	-2.4B	-1.6B	-202M	-2.2B	-2.3B	-2.5B	-2.5B	-2.5B
Financing cash flow	-1.6B	-2.3B	-3.1B	-2.4B	2.2B	-6.2B	-3.3B	-4.2B	-3.8B	-4.1B
Net change in cash	279.1M	-317.9M	-117.6M	-26.7M	5.2B	-5.2B	-711M	-385M	-375M	2.7B
Free cash flow	2.6B	2B	3B	2.8B	4B	2B	2.6B	4.3B	4.2B	4.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	1.2B	1.4B	1.1B	1.1B	1.3B	1.4B	1B	1.2B	1.4B	1.8B	1.3B	1.5B
Depreciation & amortization	245M	252M	264M	265M	266M	309M	296M	308M	316M	327M	336M	340M
Stock-based compensation	44M	46M	38M	46M	47M	52M	33M	43M	55M	83M	42M	43M
Change in working capital	-679M	801M	-67M	146M	-870M	652M	-524M	-17M	-761M	841M	-201M	-53M
Operating cash flow	770M	2.5B	1.3B	1.5B	743M	2.4B	930M	1.8B	1.5B	3.2B	1.1B	2.2B
Capital expenditure	-460M	-442M	-419M	-563M	-422M	-514M	-497M	—	—	—	—	—
Investing cash flow	-462M	-436M	-427M	-563M	-617M	-870M	-503M	-5M	-10M	-3M	-11M	2M
Dividends paid	-380M	-379M	-380M	-423M	-423M	-422M	-424M	-474M	-473M	-471M	-474M	-531M
Share repurchases	-646M	-797M	-509M	-559M	-593M	-852M	-613M	-531M	-594M	-784M	-604M	-814M
Financing cash flow	-904M	-1.1B	-840M	-882M	-953M	-1.2B	-1B	-954M	-975M	-1.1B	-1.1B	-1.3B
Net change in cash	-596M	939M	28M	95M	-827M	329M	-621M	832M	547M	2B	27M	947M
Free cash flow	711M	2.4B	318M	1.1B	624M	2.2B	-103M	1.3B	1B	2.7B	457M	1.7B

Date	Ratio
Nov 7, 2018	2:1
Feb 3, 2012	2:1
May 9, 2002	2:1
Jun 26, 1998	2:1
Jun 27, 1997	2:1

The TJX Companies, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history