The TJX Companies, Inc.

TJX · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987
Valuation
Market cap	$166,359	$140,284	$108,167	$94,590	$85,851	$76,392	$70,428	$59,322	$95,812	$89,370	$84,981	$45,426	$40,440	$32,706	$25,448	$18,470	$16,155	$8,147	$14,000	$13,422	$11,906	$12,240	$11,692	$9,822	$11,428	$8,922	$5,134	$9,135	$5,452	$2,962	$1,329	$970	$2,068	$2,107	$1,274	$823	$897	$1,411	$772	$1,802
Enterprise value	$173,618	$147,727	$115,109	$101,857	$92,132	$81,426	$78,675	$58,768	$95,000	$88,301	$84,233	$44,334	$39,270	$31,433	$24,633	$17,442	$15,202	$8,472	$14,123	$13,375	$12,249	$12,633	$12,145	$10,040	$11,639	$9,148	$5,182	$8,895	$5,292	$2,759	$1,889	$1,219	$2,226	$2,184	$1,521	$1,055	$1,146	$1,634	$748	$1,816
P/E (TTM) at period end	30.28×	28.84×	24.18×	27.04×	26.15×	848.80×	21.52×	19.39×	36.74×	38.89×	37.31×	20.51×	18.92×	17.15×	17.01×	13.79×	13.30×	8.86×	18.14×	18.19×	17.24×	20.08×	19.19×	16.98×	22.84×	16.58×	9.84×	21.53×	17.89×	8.16×	50.54×	11.74×	16.63×	20.50×	63.39×	11.11×	10.83×	–	11.58×	34.51×
P/S (TTM) at period end	2.76×	2.49×	2.00×	1.89×	1.77×	2.38×	1.69×	1.52×	2.67×	2.69×	2.75×	1.56×	1.47×	1.26×	1.10×	0.84×	0.80×	0.43×	0.76×	0.78×	0.75×	0.82×	0.88×	0.82×	1.07×	0.93×	0.58×	1.15×	0.74×	0.44×	0.33×	0.25×	0.57×	0.65×	0.46×	0.34×	0.42×	0.73×	0.47×	1.29×
P/B at period end	16.33×	16.71×	14.81×	14.86×	14.30×	13.10×	11.84×	11.75×	18.61×	19.81×	19.73×	10.65×	9.56×	8.92×	7.93×	5.96×	5.59×	3.82×	6.57×	5.86×	6.29×	7.40×	7.53×	6.97×	8.52×	7.32×	4.59×	7.48×	4.68×	2.63×	1.74×	1.60×	3.50×	4.17×	4.89×	3.04×	3.93×	2.60×	3.02×	8.95×
EV / EBITDA (TTM)	20.61×	19.95×	17.03×	17.72×	16.38×	56.04×	14.89×	10.53×	18.52×	17.96×	17.86×	9.81×	9.29×	7.96×	52.51×	37.24×	6.26×	4.54×	8.68×	7.86×	8.49×	9.76×	9.70×	8.57×	10.54×	8.60×	5.07×	10.56×	8.12×	5.20×	7.83×	4.99×	7.49×	8.33×	7.41×	5.34×	6.01×	–	–	–
EV / Sales (TTM)	2.88×	2.62×	2.12×	2.04×	1.90×	2.53×	1.89×	1.51×	2.65×	2.66×	2.72×	1.52×	1.43×	1.21×	1.06×	0.79×	0.75×	0.45×	0.77×	0.78×	0.77×	0.85×	0.91×	0.84×	1.09×	0.96×	0.59×	1.12×	0.72×	0.41×	0.48×	0.32×	0.61×	0.67×	0.55×	0.43×	0.53×	0.85×	0.45×	1.30×
Returns
Return on equity	53.9%	58.0%	61.3%	55.0%	54.7%	1.5%	55.0%	60.6%	50.7%	51.0%	52.9%	51.9%	50.5%	52.0%	46.6%	43.2%	42.0%	43.1%	36.2%	32.2%	36.5%	36.9%	39.3%	41.0%	37.3%	44.2%	46.6%	34.8%	26.2%	32.2%	3.4%	13.6%	21.0%	20.3%	7.7%	27.4%	36.3%	(30.9%)	26.0%	25.9%
Return on invested capital	31.0%	29.9%	30.5%	26.9%	28.9%	5.4%	23.1%	77.7%	61.5%	66.0%	65.3%	71.0%	70.6%	81.1%	(0.4%)	0.3%	59.9%	37.6%	34.7%	35.5%	31.8%	30.6%	31.2%	36.5%	35.9%	38.2%	45.5%	44.3%	30.8%	25.5%	7.1%	11.4%	18.5%	20.6%	16.9%	17.8%	18.3%	8.2%	30.3%	25.3%
Dividend yield	1.1%	1.2%	1.4%	1.4%	1.5%	0.4%	1.5%	1.6%	0.8%	0.7%	0.6%	1.0%	1.0%	1.0%	1.1%	1.2%	1.2%	2.2%	1.1%	0.9%	0.9%	0.7%	0.6%	0.6%	0.4%	0.5%	0.8%	0.5%	0.8%	1.2%	3.4%	5.0%	2.1%	1.7%	2.5%	3.8%	2.8%	–	–	–
Financial health
Current ratio	1.14×	1.18×	1.21×	1.21×	1.27×	1.46×	1.24×	1.53×	1.66×	1.63×	1.54×	1.67×	1.72×	1.52×	1.68×	1.63×	1.66×	1.31×	1.45×	1.57×	1.39×	1.32×	1.45×	1.43×	1.61×	1.40×	1.24×	1.33×	1.38×	1.41×	1.32×	1.38×	1.49×	1.43×	1.35×	1.57×	1.53×	2.07×	1.61×	1.91×
Debt / equity	0.28×	0.34×	0.39×	0.53×	0.56×	1.04×	0.38×	0.44×	0.43×	0.49×	0.38×	0.38×	0.30×	0.21×	0.24×	0.25×	0.27×	0.36×	0.39×	0.34×	0.41×	0.41×	0.43×	0.48×	0.50×	0.29×	0.38×	0.18×	0.21×	0.24×	1.01×	0.48×	0.37×	0.36×	1.21×	1.17×	1.33×	0.64×	0.12×	0.15×
Effective tax rate	24.7%	25.0%	25.0%	24.5%	25.4%	(1.1%)	25.7%	26.7%	32.4%	38.3%	37.7%	37.6%	35.6%	38.0%	38.0%	38.1%	37.8%	36.9%	37.9%	37.7%	31.6%	38.3%	38.2%	38.3%	38.2%	37.8%	38.3%	38.5%	41.3%	41.6%	41.9%	41.7%	39.7%	39.9%	42.2%	40.0%	41.4%	45.7%	43.7%	48.2%
Share count
Diluted shares outstanding	1,128	1,142	1,159	1,178	1,216	1,215	1,227	1,259	1,292	1,329	1,367	1,407	1,453	1,495	1,548	1,626	1,710	1,769	1,872	1,920	1,966	2,039	2,125	2,219	2,298	2,314	2,542	2,677	2,797	2,688	2,253	2,320	2,342	2,419	2,297	2,196	1,963	1,815	1,569	2,217

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987
Revenue and gross profit
Revenue	$62,363	$60,372	$56,360	$54,217	$49,936	$48,550	$32,137	$41,717	$38,973	$35,865	$33,184	$30,945	$29,078	$27,423	$25,878	$23,191	$21,942	$20,288	$19,000	$18,337	$17,104	$15,956	$14,861	$13,328	$11,981	$10,709	$9,579	$8,795	$7,949	$7,389	$6,689	$3,975	$3,843	$3,627	$3,261	$2,758	$2,446	$2,149	$1,921	$1,644	$1,395
Cost of revenue	($42,408)	($41,679)	($39,112)	($37,951)	($36,149)	($34,714)	($24,534)	($29,846)	($27,831)	($25,502)	($23,566)	($22,035)	($20,777)	($19,605)	($18,521)	($16,854)	($16,040)	($14,968)	($14,429)	($13,842)	($12,970)	($12,215)	($11,357)	($10,101)	($9,080)	($8,123)	($7,012)	($6,419)	($5,821)	($5,552)	($5,072)	($3,064)	($2,851)	($2,655)	($2,405)	($2,061)	($1,827)	($1,602)	($1,757)	($1,495)	($1,270)
Gross profit	$19,955	$18,693	$17,248	$16,266	$13,787	$13,836	$7,603	$11,871	$11,142	$10,362	$9,618	$8,910	$8,302	$7,818	$7,357	$6,337	$5,902	$5,320	$4,570	$4,495	$4,134	$3,741	$3,503	$3,227	$2,902	$2,586	$2,567	$2,376	$2,128	$1,837	$1,617	$911	$992	$971	$856	$697	$619	$546	$164	$148	$124
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($12,040)	($11,515)	($10,946)	($10,469)	($8,927)	($9,081)	($7,021)	($7,455)	($6,924)	($6,375)	($5,768)	($5,206)	($4,695)	($4,467)	($4,250)	($3,890)	($3,710)	($3,329)	($3,136)	($2,997)	($2,854)	($2,703)	($2,488)	($2,213)	($1,939)	($1,686)	($1,503)	($1,355)	($1,286)	($1,186)	($1,087)	($670)	($748)	($674)	($594)	($492)	($422)	($356)	($12)	–	–
Total operating expenses	($11,956)	($11,515)	($10,946)	($10,469)	($8,927)	($9,081)	($7,021)	($7,455)	($6,379)	($5,959)	($5,360)	($4,810)	($4,371)	($4,138)	($3,915)	($6,354)	($5,891)	($3,328)	($3,105)	($3,237)	($2,854)	($2,703)	($2,488)	($2,213)	($1,939)	($1,686)	($1,679)	($1,515)	($1,422)	($1,311)	($1,214)	($749)	($824)	($742)	($657)	($548)	($470)	($398)	($48)	($24)	($19)
Total costs and expenses	($54,364)	($53,194)	($50,058)	($48,420)	($45,076)	($43,795)	($31,555)	($37,301)	($34,210)	($31,461)	($28,926)	($26,845)	($25,147)	($23,743)	($22,437)	($23,208)	($21,932)	($18,297)	($17,534)	($17,078)	($15,824)	($14,918)	($13,845)	($12,314)	($11,018)	($9,809)	($8,691)	($7,934)	($7,243)	($6,862)	($6,286)	($3,813)	($3,675)	($3,397)	($3,062)	($2,609)	($2,297)	($2,000)	($1,805)	($1,519)	($1,289)
Operating income	$7,999	$7,178	$6,302	$5,797	$4,860	$4,755	$582	$4,416	$4,763	$4,403	$4,258	$4,100	$3,931	$3,680	$3,442	($17)	$10	$1,992	$1,465	$1,258	$1,280	$1,038	$1,016	$1,014	$963	$900	$888	$861	$706	$527	$404	$162	$168	$230	$199	$148	$149	$149	$115	$125	$105
Earnings
EBITDA	$9,318	$8,425	$7,406	$6,761	$5,747	$5,623	$1,453	$5,284	$5,583	$5,129	$4,917	$4,717	$4,520	$4,229	$3,950	$469	$468	$2,427	$1,867	$1,628	$1,703	$1,443	$1,295	$1,252	$1,171	$1,104	$1,064	$1,022	$842	$652	$530	$241	$244	$297	$262	$205	$198	$191	–	–	–
Interest income	$186	$195	$257	$249	$78	$4	$13	$49	$56	$33	$18	$14	$16	$15	$12	$11	$10	$9	$22	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	$130	($79)	($78)	($82)	($91)	($123)	($199)	($61)	($69)	($69)	($69)	($68)	($65)	($57)	($49)	($49)	($49)	($49)	($38)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$8,045	$7,299	$6,483	$5,967	$4,636	$4,398	$89	$4,406	$4,173	$3,857	$3,723	$3,658	$3,550	$3,319	$3,077	$2,411	$2,164	$1,952	$1,451	$1,260	$1,264	$1,009	$990	$987	$938	$874	$865	$854	$704	$522	$366	$89	$142	$211	$173	$121	$124	$129	$101	$118	$101
Income tax expense	($1,978)	($1,805)	($1,619)	($1,493)	($1,138)	($1,115)	$1	($1,134)	($1,113)	($1,249)	($1,425)	($1,381)	($1,335)	($1,182)	($1,171)	($915)	($825)	($738)	($536)	($478)	($477)	($319)	($380)	($377)	($359)	($334)	($327)	($327)	($271)	($216)	($152)	($37)	($59)	($84)	($69)	($51)	($49)	($53)	($46)	($52)	($49)
Net income	$6,067	$5,494	$4,864	$4,474	$3,498	$3,283	$90	$3,272	$3,060	$2,608	$2,298	$2,278	$2,215	$2,137	$1,907	$1,496	$1,343	$1,214	$881	$772	$738	$690	$610	$609	$578	$500	$538	$522	$424	$305	$363	$26	$83	$124	$103	$20	$74	$83	($168)	$67	$52
Per share
Diluted EPS (GAAP)	$5.41	$4.87	$4.26	$3.86	$2.97	$2.70	$0.07	$2.67	$2.43	$2.02	$1.73	$1.67	$1.57	$1.47	$1.27	$0.965	$0.825	$0.71	$0.50	$0.415	$0.39	$0.35	$0.30	$0.29	$0.25	$0.23	$0.23	$0.21	$0.16	$0.11	$0.13	$0.0075	$0.0325	$0.05	$0.0425	$0.0088	$0.0338	$0.04	($0.0925)	$0.0425	$0.0235
Basic EPS (GAAP)	$5.46	$4.93	$4.31	$3.90	$3.00	$2.74	$0.08	$2.71	$2.47	$2.05	$1.75	$1.69	$1.60	$1.50	$1.30	$0.985	$0.84	$0.725	$0.525	$0.435	$0.41	$0.37	$0.31	$0.30	$0.28	$0.23	$0.23	$0.21	$0.17	$0.11	$0.15	$0.0075	$0.0325	$0.05	$0.0425	$0.0088	$0.0338	$0.04	($0.0925)	$0.0425	$0.0235
Basic shares outstanding	1,112	1,114	1,128	1,146	1,166	1,200	1,200	1,208	1,241	1,274	1,311	1,347	1,385	1,427	1,467	1,522	1,601	1,671	1,676	1,772	1,816	1,866	1,955	2,033	2,140	2,210	2,300	2,517	2,545	2,572	2,389	2,253	2,320	2,342	2,419	2,297	2,196	1,963	1,815	1,569	2,217
Margins
Gross margin	32.0%	31.0%	30.6%	30.0%	27.6%	28.5%	23.7%	28.5%	28.6%	28.9%	29.0%	28.8%	28.5%	28.5%	28.4%	27.3%	26.9%	26.2%	24.1%	24.5%	24.2%	23.4%	23.6%	24.2%	24.2%	24.1%	26.8%	27.0%	26.8%	24.9%	24.2%	22.9%	25.8%	26.8%	26.3%	25.3%	25.3%	25.4%	8.5%	9.0%	8.9%
Operating margin	12.8%	11.9%	11.2%	10.7%	9.7%	9.8%	1.8%	10.6%	12.2%	12.3%	12.8%	13.3%	13.5%	13.4%	13.3%	(0.1%)	0.0%	9.8%	7.7%	6.9%	7.5%	6.5%	6.8%	7.6%	8.0%	8.4%	9.3%	9.8%	8.9%	7.1%	6.0%	4.1%	4.4%	6.3%	6.1%	5.4%	6.1%	6.9%	6.0%	7.6%	7.6%
Net margin	9.7%	9.1%	8.6%	8.3%	7.0%	6.8%	0.3%	7.8%	7.9%	7.3%	6.9%	7.4%	7.6%	7.8%	7.4%	6.5%	6.1%	6.0%	4.6%	4.2%	4.3%	4.3%	4.1%	4.6%	4.8%	4.7%	5.6%	5.9%	5.3%	4.1%	5.4%	0.7%	2.1%	3.4%	3.2%	0.7%	3.0%	3.9%	(8.7%)	4.1%	3.7%

Analyst consensus

Buy53 analysts

Bearish · 1 · Hold · 7 · Bullish · 45

Earnings history

	EPS	Estimate
Q3 2025	$1.14	$1.10	Beat
Q4 2025	$1.23	$1.16	Beat
Q1 2026	$0.92	$0.92	Beat
Q2 2026	$1.10	$1.01	Beat
Q3 2026	$1.28	$1.23	Beat
Q4 2026	$1.43	$1.39	Beat
Q1 2027	$1.19	$1.02	Beat
Q2 2027	$1.22	$1.19	Beat

Peers

Company overview

IPO dateJun 26, 1987

CEOErnie L. Herrman

Employees377,000

SectorConsumer Cyclical

IndustryApparel - Retail

CountryUS

ExchangeNew York Stock Exchange

Websitewww.tjx.com

The TJX Companies, Inc., alongside its various associated businesses, functions as a major discount retailer focusing on clothing and household decor. Its operations are organized into four primary divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. The enterprise markets an extensive selection of goods, including clothing for all family members (such as shoes and complementary items); a broad array of home furnishings and accessories (ranging from essential household goods, furniture, floor coverings, and lighting fixtures to gift items, soft textiles, decorative pieces, dining wares, and kitchen utensils), alongside growing departments for pet supplies, children's products, and gourmet foodstuffs. Jewelry, additional accessories, and various general merchandise are also available. By the close of February 23, 2022, TJX maintained a considerable retail network across several continents. In the United States, this footprint included 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense physical stores, complemented by online portals like tjmaxx.com, marshalls.com, and sierra.com. Its Canadian presence featured 293 Winners, 147 HomeSense, and 106 Marshalls outlets. European consumers could visit 618 T.K. Maxx and 77 Homesense locations, with an e-commerce option at tkmaxx.com. Furthermore, Australia hosted 68 T.K. Maxx establishments. Established in 1962, the firm's corporate headquarters are located in Framingham, Massachusetts.

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