10-KPeriod: FY2026

TJX COMPANIES INC /DE/ Annual Report, Year Ended Jan 31, 2026

Filed March 31, 2026For Securities:TJX

Summary

TJX Companies, Inc. (TJX) reported a solid performance for the fiscal year ended January 31, 2026, with net sales increasing by 7% to $60.4 billion and diluted earnings per share rising to $4.87 from $4.26 in the prior year. The company demonstrated effective cost management, with improvements in both its cost of sales and SG&A expense ratios, contributing to a pre-tax profit margin of 12.1%. This growth was supported by a 5% increase in consolidated comparable store sales, driven by higher average baskets and increased customer transactions across its diverse portfolio of off-price retail banners. TJX continues to execute its global growth strategy, expanding its store footprint by approximately 3% and actively returning capital to shareholders through share repurchases and dividends, totaling $4.3 billion in fiscal 2026. The company's flexible business model, characterized by opportunistic buying and efficient inventory management, continues to be a key differentiator, allowing TJX to offer compelling value to a broad customer base. Despite ongoing macroeconomic uncertainties, including global economic conditions and tariff volatilities, TJX has demonstrated resilience. The company has also benefited from a significant litigation settlement related to credit card interchange fees, which provided a net boost to earnings and efficiency. Looking ahead, TJX plans further store expansion and capital expenditures to support its growth initiatives, underscoring its commitment to long-term value creation for its shareholders.

Financial Highlights

27 data points
Beta

Revenue

$60.37B

31.0% Gross Margin

Net Income

$5.49B

9.1% Net Margin

EPS (Diluted)

$4.87

Free Cash Flow

$4.92B

Financial Statements
Beta
Revenue$60.37B
Cost of Revenue$41.68B
Gross Profit$18.69B
SG&A Expenses$11.52B
Interest Expense$79.00M
Net Income$5.49B
EPS (Basic)$4.93
EPS (Diluted)$4.87
Shares Outstanding (Basic)1.11B
Shares Outstanding (Diluted)1.13B

Key Highlights

  • 1Net sales increased 7% to $60.4 billion, driven by a 5% increase in consolidated comparable store sales.
  • 2Diluted earnings per share grew to $4.87 from $4.26 in the prior fiscal year.
  • 3Pre-tax profit margin improved to 12.1% from 11.5%, reflecting effective cost management.
  • 4The company returned $4.3 billion to shareholders through share repurchases and dividends.
  • 5Store count and selling square footage increased by approximately 3% year-over-year, indicating continued expansion.
  • 6A significant litigation settlement related to credit card interchange fees provided a net benefit to SG&A expenses and EPS.
  • 7TJX continues to benefit from its off-price model, opportunistic buying, and flexible business operations.

Frequently Asked Questions

TJX reported a 7% increase in net sales, reaching $60.4 billion for the fiscal year ended January 31, 2026, compared to $56.4 billion in the prior year. This growth was primarily driven by a 5% increase in comparable store sales, supported by higher average basket sizes and an increase in customer transactions.

TJX's growth strategy centers on expanding its store footprint, which increased by approximately 3% in fiscal 2026. The company also focuses on leveraging its flexible, opportunistic buying model to offer compelling value to customers. It plans further store openings and capital expenditures to support continued expansion across its various banners and geographies.

TJX improved its profitability by managing costs effectively. The cost of sales ratio decreased by 0.4 percentage points, and the SG&A expense ratio decreased by 0.3 percentage points, resulting in an improved pre-tax profit margin of 12.1%. These improvements were driven by favorable merchandise margins, expense leverage on higher sales, and benefits from a litigation settlement.

TJX is committed to returning capital to shareholders, having returned $4.3 billion in fiscal 2026 through share repurchases and dividends. The company plans to continue its stock repurchase program with approximately $2.5 billion to $2.75 billion in repurchases anticipated for fiscal 2027 and expects to increase its quarterly dividend.