TJX Companies (TJX) financial statements
TJX Companies reported revenue of $60.4B in fiscal 2026, up 6.9% a year over 9 years.
Net income was $5.5B.
Free cash flow was $4.9B, and the company returned $1.8B in dividends and $2.5B in net buybacks.
The diluted share count fell 15% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TJX Companies's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.2B | $35.9B | $39.0B | $41.7B | $32.1B | $48.5B | $49.9B | $54.2B | $56.4B | $60.4B |
| Cost of revenue | $23.6B | $25.5B | $27.8B | $29.8B | $24.5B | $34.7B | $36.1B | $38.0B | $39.1B | $41.7B |
| Gross profit | $9.6B | $10.4B | $11.1B | $11.9B | $7.6B | $13.8B | $13.8B | $16.3B | $17.2B | $18.7B |
| Selling, general and admin | $5.8B | $6.4B | $6.9B | $7.5B | $7.0B | $9.1B | $8.9B | $10.5B | $10.9B | $11.5B |
| Operating income | $4.3B | $4.4B | $4.8B | — | — | — | — | — | — | — |
| Interest expense | $69M | $69M | $69M | $61M | $199M | $123M | $91M | $82M | $78M | $79M |
| Pre-tax income | $3.7B | $3.9B | $4.2B | $4.4B | $89M | $4.4B | $4.6B | $6.0B | $6.5B | $7.3B |
| Income tax | $1.4B | $1.2B | $1.1B | $1.1B | -$1M | $1.1B | $1.1B | $1.5B | $1.6B | $1.8B |
| Net income | $2.3B | $2.6B | $3.1B | $3.3B | $90M | $3.3B | $3.5B | $4.5B | $4.9B | $5.5B |
| EPS (diluted) | $1.73 | $2.02 | $2.43 | $2.67 | $0.07 | $2.70 | $2.97 | $3.86 | $4.26 | $4.87 |
| Diluted shares | 1.33B | 1.29B | 1.26B | 1.23B | 1.22B | 1.22B | 1.18B | 1.16B | 1.14B | 1.13B |
| Gross margin | 29.0% | 28.9% | 28.6% | 28.5% | 23.7% | 28.5% | 27.6% | 30.0% | 30.6% | 31.0% |
| Operating margin | 12.8% | 12.3% | 12.2% | — | — | — | — | — | — | — |
| Net margin | 6.9% | 7.3% | 7.9% | 7.8% | 0.3% | 6.8% | 7.0% | 8.3% | 8.6% | 9.1% |
Balance sheet
Fiscal years, from TJX Companies's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3.5B | $3.3B | $3.0B | $3.2B | $10.5B | $6.2B | $5.5B | $5.6B | $5.3B | $6.2B |
| Receivables | $259M | $327M | $346M | $386M | $461M | $518M | $563M | $529M | $549M | $602M |
| Inventory | $3.6B | $4.2B | $4.6B | $4.9B | $4.3B | $6.0B | $5.8B | $6.0B | $6.4B | $7.3B |
| Total current assets | $7.8B | $8.5B | $8.5B | $8.9B | $15.7B | $13.3B | $12.5B | $12.7B | $13.0B | $15.2B |
| Property, plant and equipment | $4.5B | $5.0B | $5.3B | $5.3B | $5.0B | $5.3B | $5.8B | $6.6B | $7.3B | $8.2B |
| Goodwill | $196M | $100M | $98M | $96M | $99M | $97M | $97M | $95M | $94M | $96M |
| Total assets | $12.9B | $14.1B | $14.3B | $24.1B | $30.8B | $28.5B | $28.3B | $29.7B | $31.7B | $35.8B |
| Total current liabilities | $4.8B | $5.1B | $5.5B | $7.2B | $10.8B | $10.5B | $10.3B | $10.5B | $11.0B | $13.4B |
| Long-term debt | $2.2B | $2.2B | $2.2B | $2.2B | $5.3B | $3.4B | $2.9B | $2.9B | $2.9B | $1.9B |
| Total liabilities | $8.4B | $8.9B | $9.3B | $18.2B | $25.0B | $22.5B | $22.0B | $22.4B | $23.4B | $25.6B |
| Shareholders' equity | $4.5B | $5.1B | $5.0B | $5.9B | $5.8B | $6.0B | $6.4B | $7.3B | $8.4B | $10.2B |
| Net debt | -$702M | -$528M | -$797M | -$980M | -$4.4B | -$2.9B | -$2.1B | -$2.7B | -$2.5B | -$3.4B |
Cash flow
Fiscal years, from TJX Companies's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.6B | $3.0B | $4.1B | $4.1B | $4.6B | $3.1B | $4.1B | $6.1B | $6.1B | $6.9B |
| Capital spending | $1.0B | $1.1B | $1.1B | $1.2B | $568M | $1.0B | $1.5B | $1.7B | $1.9B | $2.0B |
| Free cash flow | $2.6B | $2.0B | $3.0B | $2.8B | $4.0B | $2.0B | $2.6B | $4.3B | $4.2B | $4.9B |
| Stock-based compensation | $102M | $101M | $104M | $125M | $59M | $189M | $122M | $160M | $183M | $214M |
| Dividends paid | $651M | $764M | $923M | $1.1B | $278M | $1.3B | $1.3B | $1.5B | $1.6B | $1.8B |
| Share buybacks (net) | -$1.7B | -$1.6B | -$2.4B | -$1.6B | -$202M | -$2.2B | -$2.3B | -$2.5B | -$2.5B | -$2.5B |
| Net borrowing | $993M | $0 | $0 | $0 | $6.0B | $0 | $0 | — | — | — |
| Free cash flow margin | 7.8% | 5.5% | 7.6% | 6.8% | 12.4% | 4.1% | 5.3% | 8.0% | 7.4% | 8.1% |
| Dividends per share | $0.49 | $0.59 | $0.73 | $0.87 | $0.23 | $1.03 | $1.14 | $1.28 | $1.44 | $1.63 |
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Open TJX in InvestinglyQuestions
What was TJX Companies's revenue in 2026?
$60.4B in fiscal 2026, from its 10-K filing.
How much free cash flow does TJX Companies generate?
$4.9B in fiscal 2026 (operating cash flow minus capital spending).
From TJX Companies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.