BJs Wholesale Club (BJ) financial statements
BJs Wholesale Club reported revenue of $21.5B in fiscal 2026, up 6.3% a year over 9 years.
Net income was $578M and the operating margin 3.8%, against 1.7% in 2017.
Free cash flow was $328M, and the company returned $287M in net buybacks.
The diluted share count rose 46% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from BJs Wholesale Club's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.4B | $12.8B | $13.0B | $13.2B | $15.4B | $16.7B | $19.3B | $20.0B | $20.5B | $21.5B |
| Cost of revenue | $10.2B | $10.5B | $10.6B | $10.8B | $12.5B | $13.6B | $15.9B | $16.3B | $16.7B | $17.5B |
| Gross profit | $2.1B | $2.2B | $2.4B | $2.4B | $3.0B | $3.1B | $3.4B | $3.6B | $3.8B | $4.0B |
| Selling, general and admin | $1.9B | $2.0B | $2.1B | $2.1B | $2.3B | $2.4B | $2.7B | $2.8B | $3.0B | $3.2B |
| Operating income | $216M | $220M | $303M | $352M | $642M | $617M | $738M | $800M | $772M | $817M |
| Interest expense | $143M | $197M | $165M | $108M | $84M | $59M | $47M | $65M | $51M | $42M |
| Pre-tax income | $73M | $24M | $139M | $244M | $558M | $558M | $691M | $736M | $721M | $774M |
| Income tax | $28M | -$28M | $12M | $56M | $137M | $131M | $176M | $212M | $186M | $196M |
| Net income | $44M | $50M | $127M | $187M | $421M | $427M | $513M | $524M | $534M | $578M |
| EPS (diluted) | $0.48 | $0.54 | $1.05 | $1.35 | $3.03 | $3.09 | $3.76 | $3.88 | $4.00 | $4.38 |
| Diluted shares | 91M | 92M | 121M | 139M | 139M | 138M | 136M | 135M | 134M | 132M |
| Gross margin | 17.2% | 17.6% | 18.2% | 18.4% | 19.3% | 18.5% | 17.8% | 18.2% | 18.4% | 18.6% |
| Operating margin | 1.7% | 1.7% | 2.3% | 2.7% | 4.2% | 3.7% | 3.8% | 4.0% | 3.8% | 3.8% |
| Net margin | 0.4% | 0.4% | 1.0% | 1.4% | 2.7% | 2.6% | 2.7% | 2.6% | 2.6% | 2.7% |
Balance sheet
Fiscal years, from BJs Wholesale Club's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $32M | $35M | $27M | $30M | $44M | $45M | $34M | $36M | $28M | $46M |
| Receivables | — | $191M | $194M | $206M | $173M | $174M | $240M | $235M | $277M | $253M |
| Inventory | — | $1.0B | $1.1B | $1.1B | $1.2B | $1.2B | $1.4B | $1.5B | $1.5B | $1.6B |
| Total current assets | — | $1.3B | $1.3B | $1.4B | $1.5B | $1.5B | $1.7B | $1.8B | $1.9B | $2.0B |
| Property, plant and equipment | — | $759M | $749M | $760M | $798M | $942M | $1.3B | $1.6B | $1.9B | $2.4B |
| Goodwill | — | $924M | $924M | $924M | $924M | $924M | $1.0B | $1.0B | $1.0B | $1.0B |
| Total assets | — | $3.3B | $3.2B | $5.3B | $5.4B | $5.7B | $6.3B | $6.7B | $7.1B | $7.5B |
| Total current liabilities | — | $1.5B | $1.6B | $1.8B | $2.0B | $2.0B | $2.5B | $2.5B | $2.5B | $2.7B |
| Long-term debt | — | $2.5B | $1.5B | $1.3B | $846M | $749M | $448M | $398M | $399M | $399M |
| Total liabilities | — | $4.3B | $3.4B | $5.3B | $5.1B | $5.0B | $5.3B | $5.2B | $5.2B | $5.3B |
| Shareholders' equity | -$347M | -$1.0B | -$202M | -$54M | $319M | $648M | $1.0B | $1.5B | $1.8B | $2.2B |
| Net debt | -$32M | $2.7B | $1.8B | $1.7B | $1.1B | $703M | $819M | $681M | $546M | $473M |
Cash flow
Fiscal years, from BJs Wholesale Club's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $297M | $210M | $427M | $355M | $869M | $832M | $788M | $719M | $901M | $1.0B |
| Capital spending | $115M | $137M | $146M | $197M | $218M | $324M | $398M | $467M | $588M | $702M |
| Free cash flow | $183M | $73M | $281M | $158M | $650M | $508M | $390M | $252M | $313M | $328M |
| Stock-based compensation | $12M | $9M | $58M | $19M | $32M | $54M | $43M | $39M | $48M | $47M |
| Dividends paid | $25,000 | $736M | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | — |
| Share buybacks (net) | -$1M | -$2M | -$19M | -$67M | -$106M | -$194M | -$172M | -$155M | -$220M | -$287M |
| Net borrowing | -$65M | $533M | -$36M | — | $0 | $0 | $68M | — | — | — |
| Free cash flow margin | 1.5% | 0.6% | 2.2% | 1.2% | 4.2% | 3.0% | 2.0% | 1.3% | 1.5% | 1.5% |
| Dividends per share | $0.00 | $7.97 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
Questions
What was BJs Wholesale Club's revenue in 2026?
$21.5B in fiscal 2026, from its 10-K filing.
How much free cash flow does BJs Wholesale Club generate?
$328M in fiscal 2026 (operating cash flow minus capital spending).
From BJs Wholesale Club's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.