TJX Companies Reports 7% Revenue Growth to $14.4 Billion in Q2 Fiscal 2026

The TJX Companies, Inc. reported a notable increase in financial performance for the second quarter and first half of fiscal 2026, ending August 2, 2025. Net sales reached $14.4 billion for the quarter, a 7% increase from $13.5 billion in the same period last year. For the first six months, net sales totaled $27.5 billion, up 6% from $25.9 billion. The company’s net income for the second quarter was $1.2 billion, or $1.10 per diluted share, compared to $1.1 billion, or $0.96 per diluted share, in the prior year. The increase in profitability was attributed to a 4% rise in comparable store sales and a 2% increase in non-comparable sales.

In terms of operational metrics, TJX saw a 3% increase in the number of stores and a 2% increase in selling square footage compared to the previous year. The company reported a consolidated comp sales increase of 4% for the second quarter, driven primarily by an increase in customer transactions. The Marmaxx segment, which includes TJ Maxx and Marshalls, generated $8.8 billion in sales, reflecting a 5% increase, while HomeGoods reported $2.3 billion in sales, a 9% increase from the previous year. The TJX Canada and TJX International segments also experienced growth, with sales increases of 11% and 13%, respectively.

The company’s cost of sales, including buying and occupancy costs, decreased to 69.3% of net sales for the second quarter, down from 69.6% in the prior year. This reduction was attributed to operational efficiencies and favorable year-over-year impacts related to inventory and fuel hedges. Selling, general, and administrative expenses as a percentage of net sales also improved, decreasing to 19.5% from 19.8%. The pre-tax profit margin for the second quarter was 11.4%, up from 10.9% in the same quarter last year.

Strategically, TJX has continued to invest in its growth, with capital expenditures totaling $969 million for the first half of fiscal 2026, primarily for store improvements and new store openings. The company also returned $1 billion to shareholders through share repurchases and dividends during the quarter. As of August 2, 2025, TJX had approximately $2.4 billion remaining under its stock repurchase program, indicating a commitment to returning value to shareholders.

Looking ahead, TJX remains cautious about global economic conditions and potential impacts from tariffs and trade relations. The company is actively monitoring these factors and is prepared to adapt its sourcing strategies as necessary. Despite these uncertainties, TJX's management expressed confidence in the company's ability to maintain its growth trajectory and continue delivering value to customers and shareholders.