TJX Companies Reports 7% Revenue Growth to $15.1 Billion in Q3 Fiscal 2026

The TJX Companies, Inc. reported a notable increase in financial performance for the third quarter of fiscal 2026, ending November 1, 2025. The company achieved net sales of $15.1 billion, a 7% rise from $14.1 billion in the same quarter of the previous year. This growth was driven by a 5% increase in comparable sales and a 2% increase in non-comparable sales. The company's net income for the quarter reached $1.4 billion, translating to diluted earnings per share of $1.28, compared to $1.14 in the prior year. The pre-tax profit margin improved to 12.7%, up from 12.3% in the previous year, reflecting a decrease in the cost of sales ratio to 67.4%.

In comparison to the first nine months of fiscal 2025, TJX's net sales for the current period also increased by 7%, reaching $42.6 billion, up from $40 billion. The company reported a net income of $3.7 billion, or $3.30 per diluted share, compared to $3.5 billion, or $3.03 per diluted share, in the prior year. The effective income tax rate for the third quarter was 24.7%, slightly lower than the 25.3% reported in the same quarter last year, primarily due to an increase in excess tax benefits from share-based compensation.

Operationally, TJX expanded its store count by approximately 3% year-over-year, with selling square footage increasing by about 2%. The company operates nearly 5,200 stores across its four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment, which includes TJ Maxx and Marshalls, reported net sales of $9 billion for the third quarter, a 7% increase from the previous year, while the HomeGoods segment saw an 8% increase in net sales to $2.5 billion. The TJX Canada and TJX International segments also reported growth, with net sales increasing by 8% and 9%, respectively.

Strategically, TJX has continued to invest in its operations, with capital expenditures totaling $1.5 billion for the first nine months of fiscal 2026, primarily for store improvements and new store openings. The company has also returned $1.1 billion to shareholders through share repurchases and dividends during the third quarter. As of November 1, 2025, TJX had approximately $1.9 billion remaining under its stock repurchase program, which authorizes up to $2.5 billion in repurchases.

Looking ahead, TJX remains focused on navigating global economic conditions and potential tariff impacts while continuing to enhance its merchandise sourcing model. The company anticipates that its strategic initiatives, including geographic expansion and operational improvements, will support ongoing growth in sales and profitability.