TJX Companies (TJX) Q3 2026 earnings summary

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 net income for Q3 was $1.44B.

• 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.

• Full-year FY26 guidance for comp sales, pretax profit margin, and EPS was raised.

Financial highlights

• Q3 net sales increased 7% to $15.1B; net income was $1.44B; nine-month net sales reached $42.6B.

• Q3 pretax profit margin was 12.7%, up 0.4pp year-over-year; gross margin rose 1.0pp to 32.6%.

• SG&A as a percent of sales increased 0.6pp to 20.1% due to higher wages and incentive accruals.

• Operating cash flow for the nine months ended November 1, 2025, was $3.7B; Q3 operating cash flow was $1.5B.

• Cash at quarter-end was $4.6B.

Outlook and guidance

• Q4 FY26 guidance: comp sales up 2–3%, sales of $17.1–$17.3B, pretax profit margin 11.7–11.8%, EPS $1.33–$1.36.

• Full-year FY26 guidance: comp sales up 4%, consolidated sales $59.7–$59.9B, pretax profit margin 11.6%, EPS $4.63–$4.66 (up 9% YoY).

• 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.

• Guidance assumes current tariffs remain and continued ability to offset tariff pressures.