TJX Companies (TJX) FY2025 results: revenue $56.4 billion, up 4.0% on the year
TJX Companies Inc. (TJX) reported revenue of $56.4 billion for fiscal 2025, the year ended 1 February 2025, up 4.0% on the year before. Net income was $4.9 billion, up 8.7%, and diluted earnings per share $4.26. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2025.
Revenue
$56.4 billion
+4.0% on the year
FY2018FY2025
Operating margin
n/a
FY2018FY2025
Net income
$4.9 billion
+8.7% on the year
FY2018FY2025
Diluted EPS
$4.26
+10.4% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
6,116
6,057
4,084
+1.0%
Capital expenditure
1,918
1,722
1,457
+11.4%
Free cash flow
4,198
4,335
2,627
-3.2%
Free cash flow margin
7.4%
8.0%
5.3%
Cash from investing
-2,477
-1,717
-1,470
Cash from financing
-3,838
-4,215
-3,306
Depreciation and amortisation
1,104
964
887
+14.5%
Share-based compensation
183
160
122
+14.4%
Buybacks
2,513
2,484
2,255
+1.2%
Dividends paid
1,648
1,484
1,339
+11.1%
Dividend per share
$1.50
$1.33
$1.18
+12.8%
Diluted shares, weighted
1,142m
1,159m
1,178m
-1.5%
Shares outstanding at period end
1,119m
1,134m
1,155m
-1.3%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
8,393
7,302
6,364
+14.9%
Debt
2,866
2,862
3,359
+0.1%
Operating lease liabilities
8,276
8,060
7,775
+2.7%
Other liabilities
12,214
11,523
10,851
+6.0%
Total liabilities and equity
31,749
29,747
28,349
+6.7%
Fixed assets
7,346
6,571
5,783
+11.8%
Goodwill
94.0
95.0
97.0
-1.1%
Cash and equivalents
5,335
5,600
5,477
-4.7%
Receivables
549
529
563
+3.8%
Inventory
6,421
5,965
5,819
+7.6%
Other assets
12,004
10,987
10,610
+9.3%
Total assets
31,749
29,747
28,349
+6.7%
10-K for the year ended 1 February 2025, filed 2 April 2025: the filing.