TJX Companies (TJX) Q3 2026 earnings summary

Executive summary

• Q3 consolidated comparable sales grew 5%, net sales reached $15.1B, and diluted EPS rose 12% to $1.28, all exceeding internal plans.

• Profitability and EPS were well above expectations, prompting an increase in full-year sales and profit guidance.

• Value proposition and broad customer appeal drove market share gains in the US, Canada, Europe, and Australia.

• Returned $1.1B to shareholders in Q3 via share repurchases and dividends; $3.1B returned year-to-date.

• Raised full-year FY26 guidance for comp sales, pretax profit margin, and EPS.

Financial highlights

• Q3 net sales increased 7% year-over-year to $15.1B; nine-month net sales up 7% to $42.6B.

• Q3 net income was $1.44B, up from $1.30B year-over-year.

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

• SG&A as a percent of sales increased 0.6pp to 20.1% due to 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; cash at quarter-end was $4.6B.

Outlook and guidance

• Q4 comp sales expected to rise 2%-3%; sales guidance $17.1-$17.3B; pre-tax margin 11.7%-11.8%; EPS guidance $1.33-$1.36, up 8%-11% year-over-year.

• Full-year comp sales guidance raised to +4%; sales $59.7-$59.9B; pre-tax margin 11.6%; EPS guidance $4.63-$4.66, up 9% year-over-year.

• Plans to repurchase ~$2.5B in stock for FY26, subject to adjustment.

• Capital spending for FY2026 is expected to be $2.1–$2.2B, funded by cash and internal funds.

• Guidance assumes current tariffs remain and offsetting strategies continue.