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Tjx Companies Inc Financials

TJX
Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Tjx Companies Inc (TJX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TJX FY2026

Margin expansion and fast cash conversion let TJX self-fund shareholder distributions while steadily carrying less debt.

In FY2026, free cash flow of $4.9B covered the combined $4.4B of buybacks and dividends, and that was not a one-off because the same was true in FY2024 and FY2025. Since long-term debt still fell to $1.9B while ROE stayed above 53.0%, TJX’s capital returns are being funded mainly by cash generation, not by adding leverage.

From FY2024 to FY2026, revenue rose about 11.4%, but net income increased about 22.8% as gross margin widened from 30.0% to 31.0% and net margin from 8.3% to 9.1%. That shape says the model is getting more profitable per sale, not merely selling more units.

Receivables were only $602M against FY2026 revenue of $60.4B, which means customers are paying almost immediately rather than tying up cash. With a current ratio of 1.1x and inventory at $7.3B, day-to-day liquidity depends more on inventory turnover and steady store cash inflow than on a large balance-sheet cushion.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 51 / 100
Financial Profile 51/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Tjx Companies Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth
43

Tjx Companies Inc's revenue grew 7.1% year-over-year to $60.4B, a solid pace of expansion. This earns a growth score of 43/100.

Leverage
98

Tjx Companies Inc carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
18

Tjx Companies Inc's current ratio of 1.14 is below the typical benchmark, resulting in a score of 18/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
45

Tjx Companies Inc has a free cash flow margin of 8.1%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
100

Tjx Companies Inc earns a strong 53.9% return on equity (ROE), meaning it generates $54 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 57.2% the prior year.

Piotroski F-Score Strong
7/9

Tjx Companies Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.25x

For every $1 of reported earnings, Tjx Companies Inc generates $1.25 in operating cash flow ($6.9B OCF vs $5.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$60.4B
YoY+7.1%
5Y CAGR+13.4%
10Y CAGR+6.9%

Tjx Companies Inc generated $60.4B in revenue in fiscal year 2026. This represents an increase of 7.1% from the prior year.

EBITDA
N/A
Net Income
$5.5B
YoY+13.0%
5Y CAGR+127.6%
10Y CAGR+9.2%

Tjx Companies Inc reported $5.5B in net income in fiscal year 2026. This represents an increase of 13.0% from the prior year.

EPS (Diluted)
$4.87
YoY+14.3%
5Y CAGR+133.6%
10Y CAGR+3.9%

Tjx Companies Inc earned $4.87 per diluted share (EPS) in fiscal year 2026. This represents an increase of 14.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$4.9B
YoY+17.1%
5Y CAGR+4.2%
10Y CAGR+9.0%

Tjx Companies Inc generated $4.9B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 17.1% from the prior year.

Cash & Debt
$6.2B
YoY+46.4%
5Y CAGR-6.6%
10Y CAGR+12.4%

Tjx Companies Inc held $6.2B in cash against $1.9B in long-term debt as of fiscal year 2026.

Dividends Per Share
$1.70
YoY+13.3%
5Y CAGR+45.6%
10Y CAGR+7.3%

Tjx Companies Inc paid $1.70 per share in dividends in fiscal year 2026. This represents an increase of 13.3% from the prior year.

Shares Outstanding
1.11B
YoY-0.9%
5Y CAGR-1.7%
10Y CAGR+5.3%

Tjx Companies Inc had 1.11B shares outstanding in fiscal year 2026. This represents a decrease of 0.9% from the prior year.

Margins & Returns

Gross Margin
31.0%
YoY+0.4pp
5Y CAGR+7.3pp

Tjx Companies Inc's gross margin was 31.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.

Operating Margin
N/A
Net Margin
9.1%
YoY+0.5pp
5Y CAGR+8.8pp
10Y CAGR+1.7pp

Tjx Companies Inc's net profit margin was 9.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity
53.9%
YoY-3.3pp
5Y CAGR+52.4pp
10Y CAGR+3.7pp

Tjx Companies Inc's ROE was 53.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 3.3 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$2.5B
YoY+0.4%
5Y CAGR+65.7%
10Y CAGR+3.3%

Tjx Companies Inc spent $2.5B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.4% from the prior year.

Capital Expenditures
$2.0B
YoY+2.0%
5Y CAGR+28.1%
10Y CAGR+8.2%

Tjx Companies Inc invested $2.0B in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 2.0% from the prior year.

TJX Income Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Revenue $15.1B+5.0% $14.4B+9.8% $13.1B-16.6% $15.7B+11.8% $14.1B+4.4% $13.5B+7.9% $12.5B-20.6% $15.7B
Cost of Revenue $10.2B+2.1% $10.0B+7.9% $9.2B-14.9% $10.9B+12.9% $9.6B+2.6% $9.4B+7.3% $8.7B-21.7% $11.2B
Gross Profit $4.9B+11.3% $4.4B+14.5% $3.9B-20.4% $4.9B+9.3% $4.4B+8.6% $4.1B+9.3% $3.7B-17.8% $4.6B
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $3.0B+8.3% $2.8B+10.0% $2.5B-14.5% $3.0B+8.6% $2.7B+3.1% $2.7B+11.1% $2.4B-18.1% $2.9B
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $474.0M+17.3% $404.0M+30.3% $310.0M-38.1% $501.0M+14.1% $439.0M+19.0% $369.0M+15.3% $320.0M-26.8% $437.0M
Net Income $1.4B+16.0% $1.2B+20.0% $1.0B-27.6% $1.4B+10.4% $1.3B+18.0% $1.1B+2.7% $1.1B-12.6% $1.2B
EPS (Diluted) $1.28+16.4% $1.10+19.6% $0.92 N/A $1.14+18.7% $0.96+3.2% $0.93 N/A

TJX Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $35.2B+7.0% $32.9B+3.2% $31.9B+0.3% $31.7B-2.1% $32.4B+6.2% $30.6B+3.0% $29.7B-0.2% $29.7B
Current Assets $15.3B+15.3% $13.3B+5.4% $12.6B-3.0% $13.0B-9.5% $14.4B+11.3% $12.9B+3.9% $12.4B-2.0% $12.7B
Cash & Equivalents $4.6B0.0% $4.6B+9.0% $4.3B-20.2% $5.3B+13.1% $4.7B-10.1% $5.3B+3.8% $5.1B-9.7% $5.6B
Inventory $9.4B+26.9% $7.4B+3.4% $7.1B+11.0% $6.4B-23.3% $8.4B+29.4% $6.5B+4.1% $6.2B+4.2% $6.0B
Accounts Receivable $651.0M+8.5% $600.0M+1.0% $594.0M+8.2% $549.0M-8.3% $599.0M+15.0% $521.0M-3.9% $542.0M+2.5% $529.0M
Goodwill $95.0M0.0% $95.0M0.0% $95.0M+1.1% $94.0M-1.1% $95.0M0.0% $95.0M0.0% $95.0M0.0% $95.0M
Total Liabilities $25.8B+7.5% $24.0B+2.8% $23.4B0.0% $23.4B-3.7% $24.3B+6.5% $22.8B+2.7% $22.2B-1.2% $22.4B
Current Liabilities $14.0B+23.8% $11.3B+4.4% $10.8B-1.6% $11.0B-8.4% $12.0B+13.1% $10.6B+5.2% $10.1B-3.4% $10.5B
Long-Term Debt $1.9B-34.8% $2.9B0.0% $2.9B0.0% $2.9B0.0% $2.9B0.0% $2.9B0.0% $2.9B0.0% $2.9B
Total Equity $9.4B+5.6% $8.9B+4.3% $8.5B+1.3% $8.4B+2.7% $8.2B+5.0% $7.8B+3.7% $7.5B+2.7% $7.3B
Retained Earnings $8.7B+6.4% $8.2B+4.4% $7.9B-0.4% $7.9B+3.8% $7.6B+5.7% $7.2B+3.8% $6.9B+3.3% $6.7B

TJX Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow $1.5B-14.5% $1.8B+354.6% $394.0M-85.4% $2.7B+158.5% $1.0B-35.8% $1.6B+121.0% $737.0M-73.7% $2.8B
Capital Expenditures $531.0M+15.2% $461.0M-7.2% $497.0M-3.3% $514.0M+21.8% $422.0M-25.0% $563.0M+34.4% $419.0M-5.2% $442.0M
Free Cash Flow $1.0B-24.7% $1.3B+1391.3% -$103.0M-104.7% $2.2B+251.0% $624.0M-41.5% $1.1B+235.2% $318.0M-86.5% $2.4B
Investing Cash Flow -$541.0M-16.1% -$466.0M+7.4% -$503.0M+42.2% -$870.0M-41.0% -$617.0M-9.6% -$563.0M-31.9% -$427.0M+2.1% -$436.0M
Financing Cash Flow -$975.0M-2.2% -$954.0M+9.0% -$1.0B+9.9% -$1.2B-22.0% -$953.0M-8.0% -$882.0M-5.0% -$840.0M+23.4% -$1.1B
Dividends Paid $473.0M-0.2% $474.0M+11.8% $424.0M+0.5% $422.0M-0.2% $423.0M0.0% $423.0M+11.3% $380.0M+0.3% $379.0M
Share Buybacks $594.0M+11.9% $531.0M-13.4% $613.0M-28.1% $852.0M+43.7% $593.0M+6.1% $559.0M+9.8% $509.0M-36.1% $797.0M

TJX Financial Ratios

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Gross Margin 32.6%+1.9pp 30.7%+1.3pp 29.5%-1.4pp 30.9%-0.7pp 31.6%+1.2pp 30.3%+0.4pp 30.0%+1.0pp 29.0%
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 9.5%+0.9pp 8.6%+0.7pp 7.9%-1.2pp 9.1%-0.1pp 9.2%+1.1pp 8.2%-0.4pp 8.6%+0.8pp 7.8%
Return on Equity 15.4%+1.4pp 14.0%+1.8pp 12.2%-4.9pp 17.1%+1.2pp 15.9%+1.8pp 14.1%-0.1pp 14.3%-2.5pp 16.8%
Return on Assets 4.1%+0.3pp 3.8%+0.5pp 3.3%-1.3pp 4.5%+0.5pp 4.0%+0.4pp 3.6%-0.0pp 3.6%-0.5pp 4.1%
Current Ratio 1.09-0.1 1.17+0.0 1.16-0.0 1.18-0.0 1.19-0.0 1.21-0.0 1.23+0.0 1.21
Debt-to-Equity 0.20-0.1 0.32-0.0 0.340.0 0.340.0 0.35-0.0 0.37-0.0 0.38-0.0 0.39
FCF Margin 6.6%-2.6pp 9.2%+10.0pp -0.8%-14.7pp 13.9%+9.5pp 4.4%-3.5pp 7.9%+5.4pp 2.5%-12.4pp 15.0%

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Frequently Asked Questions

Tjx Companies Inc (TJX) reported $60.4B in total revenue for fiscal year 2026. This represents a 7.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Tjx Companies Inc (TJX) revenue grew by 7.1% year-over-year, from $56.4B to $60.4B in fiscal year 2026.

Yes, Tjx Companies Inc (TJX) reported a net income of $5.5B in fiscal year 2026, with a net profit margin of 9.1%.

Tjx Companies Inc (TJX) reported diluted earnings per share of $4.87 for fiscal year 2026. This represents a 14.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2026, Tjx Companies Inc (TJX) had $6.2B in cash and equivalents against $1.9B in long-term debt.

Tjx Companies Inc (TJX) had a gross margin of 31.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Tjx Companies Inc (TJX) had a net profit margin of 9.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Tjx Companies Inc (TJX) paid $1.70 per share in dividends during fiscal year 2026.

Tjx Companies Inc (TJX) has a return on equity of 53.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Tjx Companies Inc (TJX) generated $4.9B in free cash flow during fiscal year 2026. This represents a 17.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Tjx Companies Inc (TJX) generated $6.9B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Tjx Companies Inc (TJX) had $35.8B in total assets as of fiscal year 2026, including both current and long-term assets.

Tjx Companies Inc (TJX) invested $2.0B in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Tjx Companies Inc (TJX) spent $2.5B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Tjx Companies Inc (TJX) had 1.11B shares outstanding as of fiscal year 2026.

Tjx Companies Inc (TJX) had a current ratio of 1.14 as of fiscal year 2026, which is considered adequate.

Tjx Companies Inc (TJX) had a debt-to-equity ratio of 0.18 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Tjx Companies Inc (TJX) had a return on assets of 15.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Tjx Companies Inc (TJX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Tjx Companies Inc (TJX) has an earnings quality ratio of 1.25x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Tjx Companies Inc (TJX) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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