TJX COMPANIES INC /DE/TJX
TJX COMPANIES INC /DE/ Financial Overview 2021–2025
TJX Companies defied retail volatility in Q3 FY2026 by delivering a 7% revenue jump to $15.1 billion, fueled by a 5% increase in comparable store sales that signals accelerating consumer demand. This off-price juggernaut utilizes a flexible buying strategy to capitalize on inventory dislocations, driving consistent foot traffic and margin expansion regardless of the broader economic cycle. The company’s scale has exploded over the last half-decade, with annual revenue rebounding from $32.1 billion in pandemic-impacted FY2021 to $56.4 billion in FY2025.
Operational execution remains disciplined, with Q3 FY2026 diluted EPS climbing to $1.28 alongside a pre-tax profit margin expansion to 12.7%. Management effectively converts these cash flows into shareholder rewards, returning $4.1 billion via buybacks and dividends throughout FY2025. Despite supply chain pressures, TJX successfully lowered its cost of sales ratio to 67.4% in the most recent quarter, proving its ability to protect profitability. The market has priced this consistency at a premium, with the stock trading at 29.3x earnings and a market cap of $139.7 billion at the close of FY2025.
Recent Developments (Q2 and Q3 2026)
Momentum built earlier in the year as Q2 FY2026 net sales rose 7% to $14.4 billion, supported by a 4% increase in comparable store sales and a 9% revenue surge in the HomeGoods segment. Operational efficiency drove Q2 FY2026 diluted EPS to $1.10, while inventory levels per store climbed 10%, positioning the retailer to capture market share through improved availability. Cash generation remains robust, with operating cash flow reaching $3.7 billion for the first nine months of the fiscal year, supporting full-year capital expenditure guidance of $2.1 billion to $2.2 billion.
Bull case: Broad strength across Marmaxx and international divisions confirms that the off-price model is successfully retaining trade-down traffic and increasing basket sizes. Bear case: Valuation appeared stretched at 35.2x trailing earnings as of December 1, 2025, a steep multiple that implies significant downside risk if double-digit EPS growth decelerates.
What to watch: HomeGoods segment sustainability; inventory turnover rates against higher stock levels
Rev
$56.36B
FY2025
NI
$4.86B
FY2025
EPS
$4.31
FY2025
OCF
$6.12B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
TJX COMPANIES INC /DE/ 8-K Report, Financial Results (Nov 19, 2025)
The TJX Companies, Inc. (TJX) filed an 8-K on November 18, 2025, reporting financial results for the fiscal quarter ended November 1, 2025. This filing primarily serves to furnish a press release containing these results, which was issued on November 19, 2025. Investors should refer to the press release (Exhibit 99.1) for detailed financial performance, including sales, earnings, and any forward-looking guidance. The information provided in this 8-K is furnished and not considered 'filed' for regulatory purposes, meaning it does not carry the same legal implications as a formally filed document but still provides crucial operational and financial updates.
TJX COMPANIES INC /DE/ 8-K Report, Financial Results (Aug 20, 2025)
The TJX Companies, Inc. (TJX) has filed a Form 8-K on August 20, 2025, reporting on its financial results for the fiscal quarter ended August 2, 2025. This filing primarily serves to furnish a press release detailing these results. Investors should note that the information provided is furnished and not deemed "filed" under the Securities Exchange Act of 1934, meaning it doesn't carry the same regulatory weight as a formally filed document for purposes of Section 18 liability, though it may be incorporated by reference in future SEC filings. The key takeaway for investors is the disclosure of quarterly performance, which will be elaborated upon in the furnished press release (Exhibit 99.1).
TJX COMPANIES INC /DE/ 8-K Report, Shareholder Vote Results (Jun 13, 2025)
This 8-K filing from TJX Companies, Inc. reports the final voting results from its annual shareholder meeting held on June 10, 2025. The key outcomes indicate strong shareholder confidence in the company's leadership and financial oversight. All director nominees were overwhelmingly elected, signaling continued support for the current board's strategic direction. Furthermore, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2026, a crucial vote of confidence in the company's financial reporting integrity. The advisory "say-on-pay" vote to approve executive compensation also passed with significant support, suggesting that shareholders are aligned with the company's compensation practices.
TJX COMPANIES INC /DE/ 8-K Report, Financial Results (May 21, 2025)
TJX Companies, Inc. (TJX) has filed a Form 8-K on May 21, 2025, to report on its financial results for the fiscal quarter ended May 3, 2025. The report primarily references a press release, dated May 21, 2025, which contains these financial outcomes. Investors should refer to the furnished press release (Exhibit 99.1) for the detailed financial performance, including metrics such as revenue, net income, and earnings per share for the specified quarter. This filing serves as notification of the release of these results and provides investors with the official source of the company's most recent financial performance. As this is a furnishing of information and not a formal filing for the purposes of Section 18 of the Exchange Act, its content will not be incorporated into other SEC filings unless explicitly stated. Investors seeking to understand TJX's operational and financial condition should carefully review the information presented in the associated press release.
TJX COMPANIES INC /DE/ 8-K Report, Material Agreement (May 9, 2025)
TJX Companies, Inc. (TJX) has announced significant updates to its revolving credit facilities, aiming to enhance its financial flexibility and extend its borrowing capacity. The company has amended and restated two key credit agreements: a $500 million facility now matures in May 2029 with an increased commitment to $750 million, and a $1 billion facility now matures in May 2030 with a reduced commitment to $750 million, alongside a lower interest rate margin for certain borrowings. These actions collectively maintain the company's total borrowing capacity at $1.5 billion and signal proactive financial management. These strategic adjustments to TJX's credit facilities provide the company with extended maturity dates and a robust, readily available pool of capital. This is particularly relevant for investors as it demonstrates TJX's ability to secure favorable financing terms, supporting its ongoing operational needs, potential expansion initiatives, and ability to navigate dynamic market conditions. The reduction in the interest rate margin on the 2030 facility also indicates improved borrowing costs for a portion of its debt, potentially benefiting profitability.
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