$TJX

TJX COMPANIES INC /DE/

CIK:0000109198|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Net sales	$ 15,180	$ 14,401	$ 29,503	$ 27,512
Cost of sales, including buying and occupancy costs	10,108	9,976	19,951	19,222
Selling, general and administrative expenses	3,085	2,805	5,879	5,354
Interest (income) expense, net	(31)	(27)	(66)	(57)
Income before income taxes	2,018	1,647	3,739	2,993
Provision for income taxes	498	404	887	714
Net income	$ 1,520	$ 1,243	$ 2,852	$ 2,279
Basic earnings per share (in dollars per share)	$ 1.38	$ 1.11	$ 2.58	$ 2.04
Weighted average common shares – basic (in shares)	1,104	1,115	1,105	1,116
Diluted earnings per share (in dollars per share)	$ 1.36	$ 1.10	$ 2.55	$ 2.02
Weighted average common shares – diluted (in shares)	1,117	1,128	1,118	1,130

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Cash flows from operating activities:
Net income	$ 2,852	$ 2,279
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	676	604
Loss on property disposals and impairment charges	2	2
Deferred income tax provision	64	71
Share-based compensation	85	76
Changes in assets and liabilities:
(Increase) in accounts receivable	(66)	(43)
(Increase) in merchandise inventories	(603)	(845)
(Increase) in income taxes recoverable	(60)	(36)
Decrease in prepaid expenses and other current assets	390	18
Increase in accounts payable	470	388
(Decrease) in accrued expenses and other liabilities	(539)	(373)
Increase in income taxes payable	190	84
Increase (decrease) in net operating lease liabilities	5	(5)
Other, net	(121)	(35)
Net cash provided by operating activities	3,345	2,185
Cash flows from investing activities:
Property additions	(1,159)	(958)
Purchase of equity investments	(5)	(5)
Purchases of investments	(28)	(21)
Sales and maturities of investments	24	15
Net cash (used in) investing activities	(1,168)	(969)
Cash flows from financing activities:
Payments for repurchase of common stock	(1,418)	(1,144)
Cash dividends paid	(1,005)	(898)
Proceeds from issuance of common stock	134	104
Other	(73)	(64)
Net cash (used in) financing activities	(2,362)	(2,002)
Effect of exchange rate changes on cash	(41)	90
Net (decrease) in cash and cash equivalents	(226)	(696)
Cash and cash equivalents at beginning of year	6,230	5,335
Cash and cash equivalents at end of period	$ 6,004	$ 4,639

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash and cash equivalents	$ 6,004	$ 6,230	$ 4,639
Accounts receivable, net	665	602	600
Merchandise inventories	7,862	7,297	7,372
Prepaid expenses and other current assets	730	1,065	562
Federal, state and foreign income taxes recoverable	68	8	105
Total current assets	15,329	15,202	13,278
Net property at cost	8,567	8,220	7,775
Non-current deferred income taxes, net	146	147	142
Operating lease right of use assets	11,154	10,330	9,978
Goodwill	97	96	95
Other assets	1,822	1,772	1,617
Total assets	37,115	35,767	32,885
Current liabilities:
Accounts payable	5,024	4,575	4,698
Accrued expenses and other current liabilities	5,372	5,891	4,776
Current portion of operating lease liabilities	1,714	1,726	1,669
Current portion of long-term debt	1,000	999	0
Federal, state and foreign income taxes payable	250	170	165
Total current liabilities	13,360	13,361	11,308
Other long-term liabilities	1,168	1,184	1,042
Non-current deferred income taxes, net	333	268	217
Long-term operating lease liabilities	9,732	8,894	8,585
Long-term debt	1,871	1,870	2,867
Commitments and contingencies (See Note K)
Shareholders’ equity
Preferred stock, authorized 5,000,000 shares, par value $1, no shares issued	0	0	0
Common stock, authorized 1,800,000,000 shares, par value $1, issued and outstanding 1,101,167,677; 1,107,087,991 and 1,112,799,116 shares respectively	1,101	1,107	1,113
Additional paid-in capital	0	0	0
Accumulated other comprehensive (loss) income	(416)	(351)	(445)
Retained earnings	9,966	9,434	8,198
Total shareholders’ equity	10,651	10,190	8,866
Total liabilities and shareholders’ equity	$ 37,115	$ 35,767	$ 32,885