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TJX Companies (TJX) Q2 FY2027 earnings: revenue $15.2 billion, up 5.4% on the year

TJX Companies Inc. (TJX) reported revenue of $15.2 billion for Q2 FY2027, the quarter ended 1 August 2026, up 5.4% on the same quarter a year earlier. Net income was $1.5 billion, up 22.3% on the year, and diluted earnings per share $1.36. The figures are the company's own, from the 10-Q it filed with the SEC on 28 August 2026.

Revenue
$15.2 billion
+5.4% on the year · +6.0% on the quarter
Q3 FY2025Q2 FY2027
Operating margin
n/a
Q3 FY2025Q2 FY2027
Net income
$1.5 billion
+22.3% on the year · +14.1% on the quarter
Q3 FY2025Q2 FY2027
Diluted EPS
$1.36
+23.6% on the year · +14.3% on the quarter
Q3 FY2025Q2 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 5 raised, 6 new, 2 kept.

  • Sales and comparable sales grew: Net sales rose 5% to $15.2 billion in the quarter, and consolidated comparable sales rose 4%, which the company reported as above its plan.
  • Diluted EPS up 24%: Diluted EPS was $1.36, up 24% from $1.10. Excluding a $.14 net tariff refund benefit, adjusted diluted EPS was $1.22, up 11%. Net income was $1.5 billion.
  • Marmaxx sales below expectations: Marmaxx comparable sales rose 1%, after 3% a year earlier, and net sales rose 3%. Management said Marmaxx sales were below its expectations, and that Marmaxx improved at the start of the third quarter.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ2 FY2027Q1 FY2027Q2 FY2026On the quarterOn the yearLast 8 quarters
Revenue15,18014,32314,401+6.0%+5.4%
Cost of revenue10,1089,8439,976+2.7%+1.3%
Gross profit5,0724,4804,425+13.2%+14.6%
Gross margin33.4%31.3%30.7%
Selling, general and administrative3,0852,7942,805+10.4%+10.0%
Pre-tax income2,0181,7211,647+17.3%+22.5%
Income tax498389404+28.0%+23.3%
Effective tax rate24.7%22.6%24.5%
Net income1,5201,3321,243+14.1%+22.3%
Net margin10.0%9.3%8.6%
Diluted EPS$1.36$1.19$1.10+14.3%+23.6%
$ 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

$ millionQ2 FY2027Q1 FY2027Q2 FY2026On the quarterOn the yearLast 8 quarters
Operating cash flow2,2261,1191,791+98.9%+24.3%
Capital expenditure497662461-24.9%+7.8%
Free cash flow1,7294571,330+278.3%+30.0%
Free cash flow margin11.4%3.2%9.2%
Cash from investing-495-673-466
Cash from financing-1,281-1,081-954
Depreciation and amortisation340336308+1.2%+10.4%
Share-based compensation43.042.043.0+2.4%0.0%
Buybacks814604531+34.8%+53.3%
Dividends paid531474474+12.0%+12.0%
Dividend per share$0.48$0.48$0.420.0%+12.9%
Diluted shares, weighted1,117m1,120m1,128m-0.3%-1.0%
Shares outstanding at period end1,101m1,105m1,113m-0.4%-1.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2027Q1 FY2027Q2 FY2026On the quarterOn the yearLast 8 quarters
Shareholders' equity10,65110,4038,866+2.4%+20.1%
Debt2,8712,8702,867+0.0%+0.1%
Operating lease liabilities9,7329,5968,585+1.4%+13.4%
Other liabilities13,86113,28912,567+4.3%+10.3%
Total liabilities and equity37,11536,15832,885+2.6%+12.9%
Fixed assets8,5678,4477,775+1.4%+10.2%
Goodwill97.097.095.00.0%+2.1%
Cash and equivalents6,0045,5804,639+7.6%+29.4%
Receivables665642600+3.6%+10.8%
Inventory7,8627,6757,372+2.4%+6.6%
Other assets13,92013,71712,404+1.5%+12.2%
Total assets37,11536,15832,885+2.6%+12.9%

Questions

What was TJX Companies' revenue in Q2 FY2027?

TJX Companies (TJX) reported revenue of $15.2 billion for Q2 FY2027, the quarter ended 1 August 2026, up 5.4% on the same quarter a year earlier.

How much did TJX Companies earn in Q2 FY2027?

Net income for Q2 FY2027 was $1.5 billion, up 22.3% on the year, and diluted earnings per share $1.36.

When did TJX Companies report Q2 FY2027 results?

TJX Companies filed its 10-Q for the quarter ended 1 August 2026 with the SEC on 28 August 2026.

Quarterly results, the last 20 quarters

Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027Q2 FY2027
Revenue12,53213,85411,40611,84312,16614,52011,78312,75813,26516,41112,47913,46814,06316,35013,11114,40115,11717,74314,32315,180
Cost of revenue8,83610,0958,2238,5728,62310,7328,3748,9109,13911,5288,7399,3809,62211,3719,2469,97610,19012,2679,84310,108
Gross profit3,6963,7603,1833,2713,5443,7893,4093,8484,1264,8833,7404,0884,4414,9793,8654,4254,9275,4764,4805,072
Gross margin29%27%28%28%29%26%29%30%31%30%30%30%32%30%29%31%33%31%31%33%
SG&A2,2972,4962,0952,1752,1852,4732,2382,5592,5783,0942,4002,6662,7483,1322,5492,8053,0393,1222,7943,085
Pre-tax income1,3791,2438521,0861,3591,3391,2081,3271,5891,8431,3901,4681,7361,8891,3461,6471,9162,3901,7212,018
Tax rate26%24%31%25%22%22%26%25%25%24%23%25%25%26%23%25%25%26%23%25%
Net income1,0239405878091,0631,0388919891,1911,4031,0701,0991,2971,3981,0361,2431,4421,7731,3321,520
Net margin8%7%5%7%9%7%8%8%9%9%9%8%9%9%8%9%10%10%9%10%
Diluted EPS$0.84$0.78$0.49$0.69$0.91$0.89$0.76$0.85$1.03$1.22$0.93$0.96$1.14$1.23$0.92$1.10$1.28$1.58$1.19$1.36
Operating cash flow1,0001,111-6346411,0533,0257451,3411,1712,8007371,6291,0462,7043941,7911,5323,1571,1192,226
Capital expenditure271329314379406357361459460442419563422514497461531468662497
Free cash flow729781-9492626472,6673848827112,3583181,0666242,190-1031,3301,0012,6894571,729
Buybacks7961,083607700493455492549646797509559593852613531594784604814
Dividends paid313310309346343341343382380379380423423422424474473471474531
Shares outstanding1,194m1,181m1,173m1,162m1,156m1,155m1,150m1,145m1,141m1,134m1,131m1,128m1,124m1,119m1,116m1,113m1,110m1,107m1,105m1,101m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 1 August 2026, filed 28 August 2026: the filing.