TJX

MKT CAP:$174B

The TJX Companies, Inc.

Market Cap

$174B

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NYSE

Consumer Cyc.·Apparel - Retail·🇺🇸·NYSE

Stock Price

$157.22+$2.94 (+1.91%)

Apr 24, 2026

Company Details

The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel...

CEO

Ernie L. Herrman

IPO Date

Jun 26, 1987

Website

www.tjx.com

Key Metrics TTM

Revenue

$60.4B

+7.1% YoY

Net Income

$5.5B

EPS (Diluted)

$4.88

Free Cash Flow

$4.9B

Revenue / Share

$53.66

Gross Margin

31.1%

Operating Margin

12.0%

Net Margin

9.1%

FCF Margin

8.0%

P/S

2.9x

P/E

31.7x

Earnings Reports

FY 2026

Mar 31, 2026

$60.4B+7.1%EPS $4.88

Q4 2026

Mar 31, 2026

$17.7B+8.5%EPS $1.58

Q3 2026

Dec 2, 2025

$15.1B+7.5%EPS $1.28

Q2 2026

Aug 29, 2025

$14.4B+6.9%EPS $1.10

Q1 2026

May 30, 2025

$13.1B+5.1%EPS $0.92

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 23	$11.4B	$3.2B	$1.1B
Q2 23	$11.8B	$3.3B	$1.1B
Q3 23	$12.2B	$3.5B	$1.4B
Q4 23	$14.5B	$3.8B	$1.3B
Q1 24	$11.8B	$3.4B	$1.2B
Q2 24	$12.8B	$3.8B	$1.3B
Q3 24	$13.3B	$4.1B	$1.5B
Q4 24	$16.4B	$4.9B	$1.8B
Q1 25	$12.5B	$3.7B	$1.3B
Q2 25	$13.5B	$4.1B	$1.4B
Q3 25	$14.1B	$4.4B	$1.7B
Q4 25	$16.4B	$5.0B	$1.8B
Q1 26	$13.1B	$3.9B	$1.3B
Q2 26	$14.4B	$4.4B	$1.6B
Q3 26	$15.1B	$5.0B	$2.0B
Q4 26	$17.7B	$5.5B	$2.4B

Valuation

Quarter	P/S	P/E
Q1 23	1.5x	21.8x
Q2 23	1.5x	21.6x
Q3 23	1.7x	24.5x
Q4 23	1.9x	26.9x
Q1 24	1.8x	23.6x
Q2 24	1.9x	24.9x
Q3 24	1.9x	24.3x
Q4 24	2.0x	24.4x
Q1 25	2.0x	23.7x
Q2 25	2.2x	25.8x
Q3 25	2.3x	26.3x
Q4 25	2.5x	28.9x
Q1 26	2.6x	30.1x
Q2 26	2.5x	29.3x
Q3 26	2.7x	30.9x
Q4 26	2.8x	30.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$635M	-$948M
Q2 23	$641M	$262M
Q3 23	$1.1B	$646M
Q4 23	$3.0B	$2.7B
Q1 24	$745M	$384M
Q2 24	$1.3B	$882M
Q3 24	$1.2B	$711M
Q4 24	$2.8B	$2.4B
Q1 25	$737M	$318M
Q2 25	$1.6B	$1.1B
Q3 25	$1.0B	$624M
Q4 25	$2.7B	$2.2B
Q1 26	$394M	-$103M
Q2 26	$1.8B	$1.3B
Q3 26	$1.5B	$1.0B
Q4 26	$3.1B	$2.6B

Capital Expenditures

Quarter	CapEx
Q1 23	$314M
Q2 23	$379M
Q3 23	$407M
Q4 23	$357M
Q1 24	$361M
Q2 24	$459M
Q3 24	$460M
Q4 24	$442M
Q1 25	$419M
Q2 25	$563M
Q3 25	$422M
Q4 25	$514M
Q1 26	$497M
Q2 26	$461M
Q3 26	$531M
Q4 26	$468M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+13.1%	+10.7%
Q2 23	-1.9%	-0.1%
Q3 23	-2.9%	-2.9%
Q4 23	+4.8%	+4.9%
Q1 24	+3.3%	+2.9%
Q2 24	+7.7%	+6.7%
Q3 24	+9.0%	+8.4%
Q4 24	+13.0%	+10.7%
Q1 25	+5.9%	+5.0%
Q2 25	+5.6%	+5.0%
Q3 25	+6.0%	+5.6%
Q4 25	-0.4%	-0.8%
Q1 26	+5.1%	+5.9%
Q2 26	+6.9%	+6.1%
Q3 26	+7.5%	+6.3%
Q4 26	+8.5%	+6.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$27M	0.2%
Q2 23	$31M	0.3%
Q3 23	$37M	0.3%
Q4 23	$27M	0.2%
Q1 24	$34M	0.3%
Q2 24	$36M	0.3%
Q3 24	$44M	0.3%
Q4 24	$46M	0.3%
Q1 25	$38M	0.3%
Q2 25	$46M	0.3%
Q3 25	$47M	0.3%
Q4 25	$52M	0.3%
Q1 26	$33M	0.3%
Q2 26	$43M	0.3%
Q3 26	$55M	0.4%
Q4 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	—	—	$2.1B
Q2 23	—	—	$2.2B
Q3 23	—	—	$2.2B
Q4 23	—	—	$2.5B
Q1 24	—	—	$2.2B
Q2 24	—	—	$2.6B
Q3 24	—	—	$2.6B
Q4 24	$2.5B	$573M	—
Q1 25	—	—	$2.4B
Q2 25	—	—	$2.7B
Q3 25	—	—	$2.7B
Q4 25	$2.5B	$617M	—
Q1 26	—	—	$2.5B
Q2 26	—	—	$2.8B
Q3 26	—	—	$3.0B
Q4 26	—	—	$3.1B

Revenue Segments

Quarter	Home Goods	Marmaxx	TJX Canada	TJX International
Q1 23	$2.0B	$6.9B	$1.1B	$1.4B
Q2 23	$1.9B	$7.2B	$1.2B	$1.5B
Q3 23	$1.9B	$7.5B	$1.3B	$1.5B
Q1 24	$2.0B	$7.4B	$1.0B	$1.4B
Q2 24	$2.0B	$7.9B	$1.2B	$1.6B
Q3 24	$2.2B	$8.1B	$1.3B	$1.6B
Q1 25	$2.1B	$7.8B	$1.1B	$1.5B
Q2 25	$2.1B	$8.4B	$1.2B	$1.7B
Q3 25	$2.4B	$8.4B	$1.4B	$1.9B
Q1 26	$2.3B	$8.1B	$1.1B	$1.7B
Q2 26	$2.3B	$8.8B	$1.4B	$1.9B
Q3 26	$2.5B	$9.0B	$1.5B	$2.0B
Q4 26	$3.1B	$10.7B	$1.6B	$2.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$4.3B	$0	$4.3B
Q2 23	$3.5B	$0	$3.5B
Q3 23	$3.4B	$0	$3.4B
Q4 23	$5.5B	$0	$5.5B
Q1 24	$5.0B	$0	$5.0B
Q2 24	$4.5B	$0	$4.5B
Q3 24	$4.3B	$0	$4.3B
Q4 24	$5.6B	$0	$5.6B
Q1 25	$5.1B	$0	$5.1B
Q2 25	$5.3B	$0	$5.3B
Q3 25	$4.7B	$0	$4.7B
Q4 25	$5.3B	$0	$5.3B
Q1 26	$4.3B	$0	$4.3B
Q2 26	$4.6B	$0	$4.6B
Q3 26	$4.6B	$0	$4.6B
Q4 26	$6.2B	$0	$6.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 23	1.19B	-1.3%	-2.6%
Q2 23	1.18B	-0.9%	-3.5%
Q3 23	1.17B	-0.5%	-3.6%
Q4 23	1.17B	-0.1%	-2.8%
Q1 24	1.17B	-0.5%	-2.0%
Q2 24	1.16B	-0.3%	-1.4%
Q3 24	1.16B	-0.3%	-1.2%
Q4 24	1.15B	-0.5%	-1.6%
Q1 25	1.15B	-0.5%	-1.6%
Q2 25	1.14B	-0.2%	-1.5%
Q3 25	1.14B	-0.3%	-1.5%
Q4 25	1.14B	-0.3%	-1.2%
Q1 26	1.13B	-0.5%	-1.2%
Q2 26	1.13B	-0.4%	-1.4%
Q3 26	1.13B	-0.2%	-1.3%
Q4 26	1.13B	-0.1%	-1.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 23	$33.5K	340K
Q2 23	$34.8K	340K
Q3 23	$35.8K	340K
Q4 23	$44.1K	329K
Q1 24	$35.8K	329K
Q2 24	$38.8K	329K
Q3 24	$40.3K	329K
Q4 24	$49.9K	329K
Q1 25	$35.8K	349K
Q2 25	$38.6K	349K
Q3 25	$40.3K	349K
Q4 25	$46.8K	349K
Q1 26	$36.0K	364K
Q2 26	$39.6K	364K
Q3 26	$41.5K	364K
Q4 26	$47.1K	377K

Revenue / Employee