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.
来源: 10-K Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
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%.
营业成本
416.79亿美元
同比 +6.56%
每股收益（稀释）
4.87美元
同比 +14.32%
SEC XBRL 原值
Tjx (TJX) FY2026 营收 416.79亿美元，同比增长 6.6%。 经营活动现金流 68.74亿美元，同比增长 12.4%。
近 4 个季度：4 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年9月 | 1.22 | 1.20 | 超预期 +1.6% |
| 2026年6月 | 1.19 | 1.03 | 超预期 +15.9% |
| 2026年3月本次财报 | 1.43 | 1.40 | 超预期 +1.9% |
| 2025年12月 | 1.28 | 1.23 | 超预期 +3.7% |
2026年3月 实际 EPS 1.43美元，分析师一致预期 1.40美元，超预期 +1.9%。
由 AI 基于本次 SEC 报告整理
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.
来源: 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.
来源: 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.
来源: 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.
来源: 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.
来源: 10-K Balance Sheet
由 AI 基于本次 SEC 报告整理 · 高 1 中 3 低 1
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.
来源: 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.
来源: 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.
来源: 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.
来源: 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.
来源: 10-K Income Statement / Balance Sheet
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营业成本 亿美元 | 416.79 亿美元 | 391.12 亿美元 | +6.56% |
净利润 亿美元 | 54.94 亿美元 | 48.64 亿美元 | +12.96% |
每股收益（基本） 美元 | 4.93 美元 | 4.31 美元 | +14.39% |
每股收益（稀释） 美元 | 4.87 美元 | 4.26 美元 | +14.32% |
销售及管理费用 亿美元 | 115.15 亿美元 | 109.46 亿美元 | +5.20% |
答案基于本次 SEC 报告与本页数据