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Edge12 Dec 2025
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TJX Companies (TJX) investor relations material
TJX Companies Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary19 Nov, 2025
Executive summary
Q3 FY26 net sales rose 7% year-over-year to $15.1B, with comp sales up 5% and store count up 3%, exceeding internal plans.
Diluted EPS increased 12% to $1.28, and pre-tax profit margin improved to 12.7%.
All divisions posted comp sales growth: Marmaxx up 6%, HomeGoods up 5%, TJX Canada up 8%, TJX International up 3%.
$1.1B was returned to shareholders in Q3 via share repurchases and dividends.
Raised full-year FY26 guidance for comp sales, profit margin, and EPS, entering the holiday season with strong momentum.
Financial highlights
Q3 net income was $1.44B, up from $1.30B year-over-year; nine-month net income totaled $3.7B.
Gross margin increased 1.0pp to 32.6%, mainly due to lower freight costs and expense leverage.
SG&A as a percent of sales increased 0.6pp to 20.1%, reflecting higher wages, foundation contributions, and incentive accruals.
Operating cash flow for the nine months ended November 1, 2025, was $3.7B; Q3 operating cash flow was $1.5B.
Effective tax rate for Q3 was 24.7%, down from 25.3% last year.
Outlook and guidance
Q4 FY26 guidance: comp sales up 2–3%, consolidated sales of $17.1–$17.3B, pre-tax profit margin 11.7–11.8%, EPS $1.33–$1.36.
Full-year FY26 guidance: comp sales up 4%, consolidated sales of $59.7–$59.9B, pre-tax profit margin 11.6%, gross margin 30.9%, EPS $4.63–$4.66, up 9% year-over-year.
Capital spending for FY26 expected at $2.1–$2.2B, funded by cash and internal funds.
Plans to repurchase ~$2.5B in stock for FY26, subject to adjustment.
Q3 buying opportunities impact on inventory?
Q3 SG&A cost increase drivers.
Explain Q4 comp sales guidance vs Q3 actual.
Explain high inventory despite tariffs
How AI impacts TJX's core buying?
Lower income comp vs. higher ticket prices?
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Next TJX Companies earnings date
Q4 202625 Feb, 2026
Next TJX Companies earnings date
Q4 202625 Feb, 2026
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Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
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Frequently asked questions
American Off-Price Retailer
TJX Companies is an American retail operator with various well-known retail chains including T.J. Maxx, Marshalls, HomeGoods, and Homesense, alongside several e-commerce sites. Their retail footprint spans over 4,800 stores primarily across North America, but with retail locations active in Australia and select European companies. TJX operates on an off-price business model, typically offering products at a lower price than what The company is headquartered in Framingham, Massachusetts, and its shares are listed on the New York Stock Exchange.
From Zayre to TJX Companies
What would eventually become the company we know today was founded as Zayre by the Feldberg family. The original Zayre store, also operating with discounted prices compared to competitors, opened its doors in Hyannis, Massachusetts in 1956. The company eventually grew to cover much of the eastern United States and in 1976 the leadership of Zayre opened its first T.J. Maxx store. The company eventually decided to divest the Zayre brand, focusing fully on T.J. Maxx, starting several new chain stores as well as making acquisitions in the industry.
The Various Retail Chains
TJX operates several retail chains, each with its own focus but all operating with an off-price model.
T.J. Maxx and Marshalls (Marmaxx Group) in the U.S.: These stores are similar in concept, offering a wide range of fashion, home goods, and accessories at discounted prices. They are designed to appeal to consumers looking for brand names and designer goods without the corresponding high price tags.
HomeGoods: This chain offers a variety of high-quality home fashions at low prices, including furniture, rugs, lighting, decorative accessories, and kitchen and dining ware.
T.K. Maxx: Similar to T.J. Maxx but located in Europe and Australia, offering a comparable assortment of apparel and home products.
HomeSense: Operating in Canada and Europe, HomeSense provides similar merchandise to HomeGoods but tailored to the local markets.
Competition and Market Position
As previously mentioned, all of the company’s stores operate on an off-price model and are more often than not built after the classic big-box retailing blueprint. TJX also operates an online store and competes with the likes of Walmart and Target, but also with more similar companies such as Ross Stores.
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