The TJX Companies Inc

TJX is an off-price retailer: it sells brand-name and designer clothing, shoes, accessories and home goods at prices generally 20% to 60% below what department stores and other full-price retailers regularly charge. As of January 31, 2026, it ran over 5,200 stores and six branded shopping websites, serving customers across income levels.

Profit comes from buying cheaply and selling fast. A buying team of more than 1,400 employees sources goods from about 21,000 vendors in over 100 countries, picking up brands' leftover stock, canceled orders and extra factory production at a discount. TJX purchases close to when goods are needed, keeps inventory lean and restocks often, creating a "treasure hunt" feel that brings shoppers back. It avoids sales and coupons and keeps store and advertising costs low. In fiscal 2026 (the year ended January 31, 2026), revenue was $60.4 billion, with a 31% gross margin (sales minus the cost of goods, as a share of sales); 9.1% of sales became net profit.

TJ Maxx and Marshalls, with 2,603 US stores, form the Marmaxx segment, whose results also include the 145-store Sierra outdoor chain. Marmaxx produced 60.6% of fiscal 2026 revenue. HomeGoods and Homesense, US home furnishings chains, added 16.8%. TJX International, mainly TK Maxx in Europe and Australia, contributed 13.2%, and TJX Canada (Winners, HomeSense and Marshalls) 9.3%.

• In Q2 FY2027 (ended Aug 1, 2026), revenue was $15.18B, up 5.4% from a year earlier, and net income was $1.52B (+22.3%).
• For fiscal 2026, revenue was $60.37B (+7.1% year over year; +13.4% a year from FY2021 to FY2026) with a 9.1% net margin.

• Over FY2022–FY2026: $11.95B in buybacks and $7.57B in dividends.
• Regular dividend per share increased 5 years in a row.
• Regular dividends per share grew +45.6% a year over 5 years (FY2021–FY2026).
• Dividends took 33.5% of earnings and 37.5% of free cash flow in the latest fiscal year.
• Shares outstanding changed -7.8% from Nov 19, 2021 to Aug 21, 2026.

Rank among 1514 US companies

Market value at each year end

The TJX Companies’s market value went from $48.98B at the end of 2016 to $155.10B on Nov 2, 2026, about 3.2 times as much; since the end of 2025 it is down 9%.

Form 4 filings from 2025-10-27 to 2026-10-27 (25 read): 0 open-market purchases and 8 sales ($27.7M).

Large shareholders (13G filings)

ETFs with the most weight in TJX

1. Buying and inventory mistakes. Merchants have wide discretion to purchase leftover stock and overruns cheaply. If they misjudge demand or pay too much, TJX's price advantage over other retailers shrinks, and unsold stock may need price cuts.
2. Tariffs and global sourcing. TJX sources goods from more than 100 countries. Changes to US or foreign trade policy, tariffs (taxes on imports) or customs rules, or problems shipping goods internationally, could raise costs or disrupt supply.
3. Shoppers cutting back on spending. Much of what TJX sells is discretionary, so shoppers can put it off. Economic slowdowns, geopolitical uncertainty or weaker consumer confidence in the US, Canada, Europe or Australia could reduce spending at its stores.
4. Higher wages for a large workforce. Running over 5,200 stores plus distribution centers takes a large workforce. Higher wages, pension and health costs, or trouble hiring and keeping enough qualified staff, could squeeze profit margins.
5. Long-term store lease commitments. TJX holds a large number of real estate leases that generally commit it for long periods. If a store underperforms or closes, the company may still owe rent.
6. Currency swings hit foreign sales. TJX Canada and TJX International produced 9.3% and 13.2% of fiscal 2026 revenue, respectively. When the US dollar strengthens, sales in other currencies convert into fewer dollars, lowering reported revenue and earnings.

• Oct 20, 2026 Executive or board change
• Sep 17, 2026 Executive or board change
• Aug 19, 2026 Quarterly results released
• Jun 11, 2026 Shareholder vote results
• May 20, 2026 Quarterly results released
• Feb 25, 2026 Quarterly results released
• Nov 19, 2025 Quarterly results released

TJX pays a modest, growing dividend: the yield (annual dividends divided by share price) was 1.3% as of October 27, 2026. Dividends per share rose five years in a row, from $0.26 in fiscal 2021, a weak year with net income of $90 million, to $1.70 in fiscal 2026. That payout used 33.5% of earnings and 37.5% of free cash flow (cash left after running and investing in the business). Share buybacks were larger: $11.95 billion over fiscal 2022–2026, versus $7.57 billion in dividends, and the share count fell 7.8% between November 2021 and August 2026.

In past downturns the stock fell 50% in the 2008 financial crisis and 42.6% in the 2020 COVID crash, regaining its prior peak in about eight months each time. In the 2022 bear market it fell 27.7% and recovered in about six months. Its deepest drop in the year to October 27, 2026, was 26.8%. Single stocks carry more risk than diversified funds.