The TJX Companies, Inc.

tjx.com

What Do They Do?

Sells apparel, home fashions and other merchandise through stores and e-commerce sites to consumers across income levels.

How Do They Make Money?

Most money comes from merchandise sales: shoppers pay in stores at checkout, while online orders are paid when shipped. Gift-card proceeds count as sales when customers use the cards to buy merchandise.

revenue

Segment	Share	How money arrives
Marmaxx Sold outright	61% FY2023: 61%	Sold outright
HomeGoods Sold outright	17% FY2023: 17%	Sold outright
TJX Canada Sold outright	9.3% FY2023: 9.8%	Sold outright
TJX International Sold outright	13% FY2023: 12%	Sold outright

Who Are Their Customers?

Consumers across income levels shop TJX's stores and e-commerce sites directly for apparel, home fashions and other merchandise.

Do Revenues Turn Into Profits?

Yes. It kept 9 cents of every revenue dollar as net income in FY2026 and turned 8 cents into free cash flow.

Operating income, FY2026

12% of revenue

▲ +14% vs FY2025 ($6.3B, 11%)

Net income, FY2026

9% of revenue

▲ +13% vs FY2025 ($4.9B, 9%)

Free cash flow, FY2026

8% of revenue

▲ +17% vs FY2025 ($4.2B, 7%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q2 FY2027, the three months to Aug 1, 2026

Revenue: ▲ +5%; vs $14.4B in Q2 FY2026
Net income: ▲ +22%; vs $1.2B in Q2 FY2026

Marmaxx share of revenue vs 61.4% in Q2 FY2026

Aug 19, 2026 Raises full-year profit margin and earnings guidance After second-quarter results came in above plan, TJX raised its full-year pretax margin and diluted earnings-per-share guidance.

Growing. Revenue grew 24% in 4 years, from $48.6B in FY2022 to $60.4B in FY2026, about 6% a year.

More international online sales TK Maxx's web offering has expanded beyond the U.K. site named in the older report, with German and Austrian sites listed in the latest.

Planned Spanish expansion The latest report adds Spain as an upcoming TK Maxx market; the older report's list of European markets did not include it.

Revenue over time

Marmaxx HomeGoods TJX Canada TJX International

$100B$50B$0

FY2022 FY2023 FY2024 FY2025 FY2026

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