TJX is an off-price apparel and home-fashions retailer operating TJ Maxx, Marshalls, HomeGoods and other banners across the United States, Canada, Europe and Australia.
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A snapshot of what TJX COMPANIES INC /DE/ owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Feb 3, 20240000109198-24-000014 | Apr 3, 2024 | 10-K | Open 10-Ksec.gov |
| Feb 1, 20250000109198-25-000010 | Apr 2, 2025 | 10-K | Open 10-Ksec.gov |
| Jan 31, 20260000109198-26-000008 | Mar 31, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
TJX’s latest results show continued sales growth, but unusually strong reported earnings and cash generation need qualification. In the 13 weeks ended August 1, 2026, sales reached $15.180 billion and GAAP diluted EPS was $1.36. Excluding tariff refunds and associated compensation, company-adjusted EPS was $1.22. HomeGoods and overseas comparable sales helped offset slower Marmaxx demand, where transactions declined. First-half operating cash flow also benefited from collecting a settlement recognized in the prior fiscal year. TJX had $6.004 billion of cash at August 1, alongside substantial lease obligations and a September debt maturity whose repayment is not confirmed in the supplied subsequent disclosures. Management raised its August full-year earnings outlook, but further tariff recovery remains uncertain and the disclosed period-specific EPS adjustments do not fully reconcile.
Sources: 10-Q · 2026-08-01 · EX-99.1 · 2026-08-19
TJX buys opportunistically from brands, manufacturers and retailers, including closeouts, cancellations and special production. Frequently changing assortments and disciplined markdowns support its value proposition; profitability depends on buyers finding attractive merchandise and selling it without excessive discounting. Its four segments are Marmaxx, including Sierra; U.S. HomeGoods; Canada; and International. At August 1, 2026, it reported 5,285 stores, counting both banners in combination locations. E-commerce contributed approximately 2% of sales.
The 49% MOS and 35% Brands for Less holdings are noncontrolling equity-method investments, not consolidated store networks or sales. Their first-half earnings contribution was immaterial. MOS includes a long-term ownership option, but its exercise price, private governance rights and additional funding obligations are unverified; neither future control nor zero further capital exposure is established.
Sources: 10-K · 2026-01-31 · 10-Q · 2026-08-01 · EX-99.1 · 2026-08-19
Results announced August 19 and detailed in the August 28, 2026 Form 10-Q cover the quarter and first half ended August 1. Quarterly sales were $15.180 billion versus $14.401 billion, and net income was $1.520 billion versus $1.243 billion. First-half sales were $29.503 billion versus $27.512 billion. Quarterly comparable sales increased 4%: Marmaxx rose 1%, HomeGoods 7%, Canada 6% and International 7%. Higher average baskets drove Marmaxx’s positive comparable-sales growth, partially offset by fewer transactions. Canada’s reported margin declined despite sales growth, with compensation and payroll pressures outweighing some operating gains.
Quarterly earnings included $331 million of tariff refunds less $112 million of related compensation accruals—a $219 million pretax benefit, already included in first-half results. Removing it lowers quarterly EPS from $1.36 to company-adjusted, non-GAAP EPS of $1.22: reported growth was 24%, versus adjusted growth of 11%. Adjusted pretax margin improved to 11.9%, compared with 13.3% reported. Management attributed adjusted gross-margin improvement to merchandise margin; higher store wages and payroll separately increased adjusted SG&A. HomeGoods’ reported 17.6% segment margin was 12.4% after the refund-related adjustment. Fewer diluted shares also supported EPS growth.
Sources: 10-Q · 2026-08-01 · EX-99.1 · 2026-08-19
First-half operating cash flow was $3.345 billion versus $2.185 billion, helped by tariff refunds, working-capital movements and collection of the prior-year interchange-fee settlement during the quarter ended May 2, 2026. The $419 million settlement figure is the earlier net accounting gain, not a verified exact cash receipt or new fiscal 2027 profit. Property additions consumed $1.159 billion, dividends $1.005 billion and repurchases $1.418 billion. Cash ended August 1 at $6.004 billion, down from $6.230 billion at fiscal-year opening. Seasonality and unusual receipts make annualizing the first half inappropriate.
Inventory reached $7.862 billion versus $7.372 billion a year earlier; this alone does not establish excess stock. Planned fiscal 2027 capital spending remained $2.2–$2.3 billion, while planned repurchases were $2.75–$3.0 billion, subject to change. Management’s 7,500-store long-term target has no completion date. Expansion requires continued sourcing, suitable sites, staffing and customer demand.
Sources: 10-Q · 2026-08-01 · EX-99.1 · 2026-08-19
At August 1, carrying-value debt was $2.871 billion, separate from $11.446 billion of operating lease liabilities. Approximately $1.6 billion of cash was held abroad, including about $730 million considered indefinitely reinvested working capital. Two undrawn $750 million revolvers mature in May 2029 and May 2030; TJX reported covenant compliance, but their capacity is not cash or guaranteed access, and covenant headroom is not independently established. TJX intended to repay $1 billion of notes at their September 15, 2026 maturity using operating cash flow. The supplied later filings do not confirm repayment, so August debt cannot be presented as an October balance.
Lease liabilities also do not capture every store commitment: the annual filing excluded approximately 180 signed but uncommenced leases and certain variable payments. Continuing rent and related obligations can survive store closure.
Sources: 10-Q · 2026-08-01 · 10-K · 2026-01-31
As of August 19, management expected fiscal 2027 comparable-sales growth of 3%–4% and GAAP EPS of $5.31–$5.36; adjusted EPS guidance was $5.15–$5.20, excluding an expected $0.16 tariff-related net benefit. Q3 guidance was $1.36–$1.38 reported and $1.30–$1.32 adjusted, excluding $0.06. The full-year adjustment is not reconciled to the $0.14 first-half benefit plus the Q3 expectation; no offset is assumed. Approximately $490 million of aggregate IEEPA payments does not establish recoverable cash: no additional refund receivable was recorded at August 1. Recovery remains legally and administratively uncertain. Tariffs, sourcing, markdowns, labor costs, currency and cybersecurity remain material exposures.
Sources: EX-99.1 · 2026-08-19 · 10-Q · 2026-08-01 · 10-K · 2026-01-31
The June 11 filing reports that shareholders elected all ten director nominees, ratified PwC for fiscal 2027 and approved advisory executive compensation at the June 9 meeting. Craig Pintoff joined the board and Audit and Finance Committee effective September 16, reported September 17. An October 15 agreement, filed October 20, schedules Kenneth Canestrari’s executive-officer cessation for January 31, 2027 and retirement for April 30, 2027. Compensation eligibility continues subject to applicable terms, but no new equity grants or incentive participation for performance periods beginning in fiscal 2028 or later is provided. No successor or quantified retirement cost is disclosed; this is not a completed departure or evidence of zero continuing obligations.
Sources: 8-K · 2026-06-09 · 8-K · 2026-09-16 · 8-K · 2026-10-15
USD 60.372 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency · weeks: 52
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 60.372 bn | 7.1% |
| 2025 | USD 56.36 bn | — |
Consolidated merchandise and other revenue, net of returns, discounts and sales taxes.
Sources: 10-K · 2026-01-31
USD 54.217 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency · weeks: 53
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 54.217 bn | — |
Consolidated merchandise and other revenue, net of returns, discounts and sales taxes.
Sources: 10-K · 2026-01-31
USD 5.494 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency · weeks: 52
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 5.494 bn | 13.0% |
| 2025 | USD 4.864 bn | — |
Consolidated income after income taxes.
Sources: 10-K · 2026-01-31
USD 4.474 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency · weeks: 53
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 4.474 bn | — |
Consolidated income after income taxes.
Sources: 10-K · 2026-01-31
USD 6.874 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency · weeks: 52
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 6.874 bn | 12.4% |
| 2025 | USD 6.116 bn | — |
Consolidated net operating cash flow, including working-capital changes.
Sources: 10-K · 2026-01-31
USD 6.057 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency · weeks: 53
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 6.057 bn | — |
Consolidated net operating cash flow, including working-capital changes.
Sources: 10-K · 2026-01-31
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