TJX Companies Q2 FY27 earnings
Revenue $15.2B, up 5% from a year ago. Net income $1.5B.
TJX grew revenue 5% to $15.2B, with Marmaxx, its U.S. banner group, 60% of revenue and up 3%. Net income rose 22% to $1.5B, 10% of revenue. The release flags one-time tariff refunds inside that profit; its adjusted figures exclude them.
On August 19 TJX raised its long-term store target to 7,500.
On August 19 TJX raised its long-term store target to 7,500, against 5,285 stores open at quarter's end. The earlier ceiling excluded Sierra stores; the last point is as of August 1.
TJX International grew 11% in FY26; 5 points of it was currency.
TJX International grew 11% in FY26, and 5 points of that was currency, on 4% comparable sales. The card splits what moved net sales the way the 10-K states it.
Where the revenue came from
| Segment | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Marmaxx (U.S.) | $9.1B | +3% | |
| HomeGoods (U.S.) | $2.5B | +10% | |
| TJX International (Europe & Australia) | $2.1B | +11% | |
| TJX Canada | $1.5B | +6% |
The quarter, line by line
| Line | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Revenue | $15.2B | +5% | |
| Cost of revenue | $10.1B | 66.6% | +1% |
| Gross profit | $5.1B | 33.4% | +15% |
| Operating expenses | $3.1B | 20.3% | +10% |
| Operating income | $2.0B | 13.1% | +23% |
| Pretax income | $2.0B | 13.3% | +23% |
| Income tax | $498M | 3.3% | +23% |
| Net income | $1.5B | 10.0% | +22% |
Effective tax rate: 24.7%. That is tax as a share of pretax income. The 3.3% in the column above is tax as a share of revenue, which is not a tax rate.
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Aug 1, 2026 | $15.2B | $1.5B | 10.0% |
| May 2, 2026 | $14.3B | $1.3B | 9.3% |
| Jan 31, 2026 | $17.7B | $1.8B | 10.0% |
| Nov 1, 2025 | $15.1B | $1.4B | 9.5% |
| Aug 2, 2025 | $14.4B | $1.2B | 8.6% |
| May 3, 2025 | $13.1B | $1.0B | 7.9% |
| Feb 1, 2025 | $16.4B | $1.4B | 8.6% |
| Nov 2, 2024 | $14.1B | $1.3B | 9.2% |