BJ

MKT CAP:$12B

BJ's Wholesale Club Holdings, Inc.

Market Cap

$12B

Consumer Defensive·Discount Stores·🇺🇸 United States·NYSE

Consumer Def.·Discount Stores·🇺🇸·NYSE

Stock Price

$96.96+$5.04 (+5.48%)

Apr 23, 2026

Company Details

BJ's Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its ...

CEO

Robert W. Eddy

IPO Date

Jun 28, 2018

Website

www.bjs.com

Key Metrics TTM

Revenue

$21.5B

+4.7% YoY

Net Income

$578M

EPS (Diluted)

$4.38

Free Cash Flow

$337M

Revenue / Share

$163.70

Gross Margin

18.6%

Operating Margin

3.9%

Net Margin

2.7%

FCF Margin

1.6%

P/S

0.6x

P/E

21.3x

Earnings Reports

FY 2025

Mar 12, 2026

$21.5B+4.7%EPS $4.38

Q4 2025

Mar 12, 2026

$5.6B+5.6%EPS $0.96

Q3 2025

Nov 26, 2025

$5.3B+4.9%EPS $1.15

Q2 2025

Aug 28, 2025

$5.4B+3.4%EPS $1.14

Q1 2025

May 29, 2025

$5.2B+4.8%EPS $1.13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$4.5B	$791M	$150M
Q2 22	$5.1B	$860M	$203M
Q3 22	$4.8B	$877M	$192M
Q4 22	$4.9B	$903M	$193M
Q1 23	$4.7B	$880M	$187M
Q2 23	$5.0B	$897M	$200M
Q3 23	$4.9B	$902M	$199M
Q4 23	$5.4B	$963M	$214M
Q1 24	$4.9B	$883M	$161M
Q2 24	$5.2B	$957M	$204M
Q3 24	$5.1B	$975M	$229M
Q4 24	$5.3B	$949M	$178M
Q1 25	$5.2B	$969M	$204M
Q2 25	$5.4B	$1.0B	$220M
Q3 25	$5.3B	$1.0B	$218M
Q4 25	$5.6B	$1.0B	$191M

Valuation

Quarter	P/S	P/E
Q1 22	0.7x	26.9x
Q2 22	0.7x	25.3x
Q3 22	0.7x	25.1x
Q4 22	0.6x	24.0x
Q1 23	0.6x	23.8x
Q2 23	0.6x	24.3x
Q3 23	0.6x	24.3x
Q4 23	0.6x	23.5x
Q1 24	0.6x	23.7x
Q2 24	0.6x	23.1x
Q3 24	0.6x	22.1x
Q4 24	0.6x	23.0x
Q1 25	0.6x	21.5x
Q2 25	0.6x	21.3x
Q3 25	0.6x	21.4x
Q4 25	0.6x	21.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$44M	-$46M
Q2 22	$399M	$298M
Q3 22	$170M	$67M
Q4 22	$175M	$72M
Q1 23	$119M	$27M
Q2 23	$150M	$34M
Q3 23	$175M	$54M
Q4 23	$274M	$155M
Q1 24	$201M	$95M
Q2 24	$221M	$87M
Q3 24	$207M	$19M
Q4 24	$272M	$111M
Q1 25	$208M	$68M
Q2 25	$250M	$87M
Q3 25	$181M	-$11M
Q4 25	$391M	$193M

Capital Expenditures

Quarter	CapEx
Q1 22	$91M
Q2 22	$101M
Q3 22	$103M
Q4 22	$103M
Q1 23	$92M
Q2 23	$116M
Q3 23	$121M
Q4 23	$119M
Q1 24	$106M
Q2 24	$134M
Q3 24	$188M
Q4 24	$160M
Q1 25	$140M
Q2 25	$163M
Q3 25	$192M
Q4 25	$198M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+16.2%	+16.1%
Q2 22	+22.2%	+22.1%
Q3 22	+12.2%	+12.2%
Q4 22	+13.1%	+12.8%
Q1 23	+5.0%	+4.4%
Q2 23	-2.7%	-2.8%
Q3 23	+2.9%	+2.9%
Q4 23	+8.7%	+8.6%
Q1 24	+4.1%	+4.9%
Q2 24	+4.9%	+5.0%
Q3 24	+3.5%	+3.1%
Q4 24	-1.5%	-0.8%
Q1 25	+4.8%	+4.0%
Q2 25	+3.4%	+3.2%
Q3 25	+4.9%	+5.3%
Q4 25	+5.6%	+5.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$9M	0.2%
Q2 22	$9M	0.2%
Q3 22	$9M	0.2%
Q4 22	$15M	0.3%
Q1 23	$10M	0.2%
Q2 23	$10M	0.2%
Q3 23	$9M	0.2%
Q4 23	$10M	0.2%
Q1 24	$9M	0.2%
Q2 24	$10M	0.2%
Q3 24	$11M	0.2%
Q4 24	$18M	0.3%
Q1 25	$11M	0.2%
Q2 25	$14M	0.3%
Q3 25	$9M	0.2%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 22	$635M
Q2 22	$651M
Q3 22	$674M
Q4 22	$707M
Q1 23	$689M
Q2 23	$695M
Q3 23	$697M
Q4 23	$741M
Q1 24	$722M
Q2 24	$750M
Q3 24	$734M
Q4 24	$758M
Q1 25	$761M
Q2 25	$786M
Q3 25	$796M
Q4 25	$818M

Revenue Segments

Quarter	Membership	Product
Q1 22	$97M	$4.4B
Q2 22	$99M	$5.0B
Q3 22	$99M	$4.7B
Q1 23	$103M	$4.6B
Q2 23	$104M	$4.9B
Q3 23	$175M	$4.8B
Q1 24	$111M	$4.8B
Q2 24	$169M	$5.1B
Q3 24	$213M	$5.0B
Q1 25	$120M	$5.0B
Q2 25	$184M	$5.3B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$38M	$0	$38M
Q2 22	$164M	$0	$164M
Q3 22	$35M	$0	$35M
Q4 22	$34M	$0	$34M
Q1 23	$23M	$0	$23M
Q2 23	$26M	$0	$26M
Q3 23	$34M	$0	$34M
Q4 23	$36M	$0	$36M
Q1 24	$35M	$0	$35M
Q2 24	$38M	$0	$38M
Q3 24	$34M	$0	$34M
Q4 24	$28M	$0	$28M
Q1 25	$39M	$0	$39M
Q2 25	$47M	$0	$47M
Q3 25	$45M	$0	$45M
Q4 25	$46M	$0	$46M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	137M	-0.4%	-1.4%
Q2 22	137M	-0.1%	-1.2%
Q3 22	137M	+0.0%	-1.0%
Q4 22	136M	-0.5%	-1.0%
Q1 23	136M	-0.1%	-0.6%
Q2 23	135M	-0.6%	-1.1%
Q3 23	135M	-0.1%	-1.2%
Q4 23	135M	-0.4%	-1.1%
Q1 24	134M	-0.3%	-1.3%
Q2 24	134M	-0.2%	-0.9%
Q3 24	133M	-0.4%	-1.2%
Q4 24	133M	+0.1%	-0.8%
Q1 25	133M	-0.5%	-1.0%
Q2 25	133M	-0.2%	-1.0%
Q3 25	132M	-0.4%	-1.1%
Q4 25	131M	-0.6%	-1.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$132.2K	34K
Q2 22	$150.1K	34K
Q3 22	$140.7K	34K
Q4 22	$145.0K	34K
Q1 23	$138.9K	34K
Q2 23	$146.0K	34K
Q3 23	$144.8K	34K
Q4 23	$157.6K	34K
Q1 24	$144.7K	34K
Q2 24	$153.1K	34K
Q3 24	$150.0K	34K
Q4 24	$155.3K	34K
Q1 25	$156.2K	33K
Q2 25	$163.0K	33K
Q3 25	$162.1K	33K
Q4 25	$159.3K	35K

Revenue / Employee