10-QPeriod: Q3 FY2026

TJX COMPANIES INC /DE/ Quarterly Report for Q3 Ended Nov 1, 2025

Filed December 2, 2025For Securities:TJX

Summary

TJX Companies, Inc. reported a strong third quarter for fiscal year 2026, with net sales increasing by 7% to $15.1 billion compared to the prior year period. This growth was driven by a 5% increase in comparable store sales, a higher average basket size, and an increase in customer transactions across its diverse segments, including Marmaxx and HomeGoods in the U.S., and TJX Canada and TJX International. Diluted earnings per share rose to $1.28 from $1.14 in the prior year's third quarter, reflecting improved profitability and operational efficiency. The company demonstrated robust cash flow from operations, generating $3.7 billion for the first nine months of fiscal 2026, and actively returned capital to shareholders through $1.1 billion in share repurchases and dividends during the quarter. Management remains confident in the company's liquidity position and its ability to fund future operations and capital expenditures, which are anticipated to be between $2.1 billion and $2.2 billion for the full fiscal year 2026.

Financial Highlights

47 data points
Beta

Revenue

$15.12B

32.6% Gross Margin

Net Income

$1.44B

9.5% Net Margin

EPS (Diluted)

$1.28

Total Assets

$35.19B

Cash & Equivalents

$4.64B

Free Cash Flow

$1.00B

Financial Statements
Beta
Revenue$15.12B
Cost of Revenue$10.19B
Gross Profit$4.93B
SG&A Expenses$3.04B
Net Income$1.44B
EPS (Basic)$1.30
EPS (Diluted)$1.28
Shares Outstanding (Basic)1.11B
Shares Outstanding (Diluted)1.13B

Key Highlights

  • 1Net sales increased 7% year-over-year to $15.1 billion for the third quarter of fiscal 2026.
  • 2Comparable store sales increased by 5% for the quarter, indicating strong customer demand.
  • 3Diluted earnings per share (EPS) rose to $1.28 from $1.14 in the prior year's third quarter.
  • 4Pre-tax profit margin improved to 12.7% from 12.3% in the prior year's quarter.
  • 5Cost of sales as a percentage of net sales decreased by 1.0 percentage point to 67.4%, driven by favorable merchandise margin and lower supply chain costs.
  • 6The company returned $1.1 billion to shareholders via share repurchases and dividends during the quarter.
  • 7Cash flow from operating activities for the nine-month period was $3.7 billion.

Frequently Asked Questions

The primary driver of TJX's sales growth was a combination of a 5% increase in comparable store sales, a higher average basket size per transaction, and an increase in the number of customer transactions. This strong performance was seen across both apparel and home fashion categories.

TJX effectively managed its cost of sales, which decreased by 1.0 percentage point as a percentage of net sales to 67.4%. This improvement was attributed to a favorable merchandise margin, which included lower freight costs and lower shrink accrual rates, as well as lower supply chain costs reflecting the higher average ticket per sale. This contributed to an improved pre-tax profit margin of 12.7%.

TJX continues to actively return capital to shareholders through both share repurchases and dividend payments. In the third quarter of fiscal year 2026, the company returned $1.1 billion to shareholders. For the full fiscal year 2026, TJX plans to repurchase approximately $2.5 billion of its stock and has declared quarterly dividends that totaled $1.4 billion for the first nine months of the fiscal year.

TJX maintains a strong liquidity position with $4.6 billion in cash as of November 1, 2025. The company has $1.5 billion available under its credit facilities and generates significant cash flow from operations. Management believes these resources are sufficient to meet operating needs and fund planned capital expenditures of $2.1 billion to $2.2 billion for the full fiscal year 2026, which will primarily focus on store improvements, new store investments, and infrastructure upgrades.