Strong Earnings Growth
Net income grew 13.0% year-over-year to $5.49B in FY2026, with diluted EPS increasing 14.3% to $4.87, reflecting continued profitability improvement across TJX's off-price retail model.
Source: 10-K Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
TJX delivered strong FY2026 results with net income rising 13.0% to $5.49B and EPS of $4.87 (diluted), driven by robust operating cash flow of $6.87B and a significant reduction in long-term debt of 34.8%.
Cost of Revenue
$41.68B
+6.56% YoY
EPS (Diluted)
$4.87
+14.32% YoY
Source: SEC XBRL
Tjx (TJX) reported FY2026 revenue of $41.68B, up 6.6% year over year. Operating cash flow was $6.87B, up 12.4% year over year.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Sep 2026 | 1.22 | 1.20 | Beat +1.6% |
| Jun 2026 | 1.19 | 1.03 | Beat +15.9% |
| Mar 2026This filing | 1.43 | 1.40 | Beat +1.9% |
| Dec 2025 | 1.28 | 1.23 | Beat +3.7% |
Reported EPS of $1.43 versus the $1.40 analyst consensus — a +1.9% beat for Mar 2026.
Compiled by AI from this SEC filing
Net income grew 13.0% year-over-year to $5.49B in FY2026, with diluted EPS increasing 14.3% to $4.87, reflecting continued profitability improvement across TJX's off-price retail model.
Source: 10-K Income Statement
Cost of revenue rose 6.6% to $41.68B, while SG&A expenses increased 5.2% to $11.52B, indicating that cost growth remained below the pace of earnings growth, supporting margin expansion.
Source: 10-K Income Statement
Total assets grew 12.7% to $35.77B, stockholders' equity surged 21.4% to $10.19B, and long-term debt was reduced by 34.8% to $1.87B, reflecting a materially stronger balance sheet.
Source: 10-K Balance Sheet
Operating cash flow reached $6.87B (+12.4% YoY), and TJX returned approximately $2.52B to shareholders via share buybacks, demonstrating consistent capital allocation discipline.
Source: 10-K Cash Flow Statement
Cash and equivalents increased 16.8% to $6.23B, providing TJX with significant financial flexibility for continued investment and shareholder returns heading into FY2027.
Source: 10-K Balance Sheet
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
TJX's off-price model depends on sourcing opportunistic inventory at favorable prices. Any disruption to global supply chains or increase in merchandise costs could compress gross margins. The 6.6% rise in cost of revenue in FY2026 highlights ongoing cost sensitivity.
Source: 10-K Income Statement
Current liabilities grew 21.4% to $13.36B versus current assets growth of 17.0% to $15.20B, resulting in a current ratio of only 1.14. While still above 1.0, the narrowing liquidity cushion warrants monitoring for near-term obligations management.
Source: 10-K Balance Sheet
SG&A expenses rose 5.2% to $11.52B in FY2026, reflecting ongoing investment in store operations, technology, and workforce. Sustained SG&A growth could pressure operating margins if revenue growth moderates.
Source: 10-K Income Statement
TJX repurchased approximately $2.52B in shares in FY2026, nearly identical to the prior year's $2.51B. Maintaining this level of capital return while funding capital expenditures and operations depends on continued strong free cash flow generation.
Source: 10-K Cash Flow Statement
As a value-oriented retailer, TJX benefits during downturns but remains exposed to shifts in consumer spending patterns. A significant economic recovery could shift consumers back to full-price retailers, potentially reducing TJX's traffic and comparable store sales growth.
Source: 10-K Income Statement / Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Cost of Revenue $B | 41.68 $B | 39.11 $B | +6.56% |
Net Income $B | 5.49 $B | 4.86 $B | +12.96% |
EPS (Basic) $ | 4.93 $ | 4.31 $ | +14.39% |
EPS (Diluted) $ | 4.87 $ | 4.26 $ | +14.32% |
SG&A Expense $B | 11.52 $B | 10.95 $B | +5.20% |
Answers draw on this SEC filing and the data on this page
TJX's Q2 FY2027 results were boosted by a $219 million net IEEPA tariff refund, with net sales up 5% to $15.2 billion and diluted EPS up 24% to $1.36.
TJX delivered strong Q1 FY2027 profitability growth, with net sales up 9% to $14.3B, diluted EPS up 29% to $1.19, and a 1.8-percentage-point improvement in its cost-of-sales ratio, while tariff-refund uncertainty and elevated capital spending remain notable considerations. Source: 10-Q Item 2 MD&A, p.22-24, 29-30
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