The TJX Companies Inc
0LCE.L
$152.49 0.94%
Exchange: LSE | Sector: Consumer Cyclical | Industry: Apparel Retail
Q3 2026
Published: Dec 2, 2025

Earnings Highlights

  • Revenue of $15.12B down 7.5% year-over-year
  • EPS of $1.28 increased by 4.1% from previous year
  • Gross margin of 33.0%
  • Net income of 1.44B
  • ""gross margin increased 100 basis points versus last year. This was due to an increase in merchandise margin, primarily driven by lower freight costs, expense efficiencies, and expense leverage on sales."" - John Klinger
0LCE.L
Company 0LCE.L

Executive Summary

The TJX Companies reported a robust QQ3 2026 performance with a consolidated comp sales increase of 5% driven by broad-based strength across divisions (Marmaxx +6%, HomeGoods +5%, TJX Canada +8%, TJX International +3%). Management highlighted successful margin management, including a 100 bp gross margin improvement and a pre-tax margin outperformance of 60 bp versus the high end of plan, supported by lower freight costs, expense leverage, and tariff mitigation. The company raised its full-year guidance on sales and profitability and signaled continued deleveraging of tariff headwinds through operational efficiencies. In addition to solid operating performance, TJX generated substantial free cash flow, returned capital to shareholders, and maintained liquidity while pursuing ambitious growth initiatives, including a 2026 Spain entry and a long-term store target of 7,000 across existing and new markets.

Key Performance Indicators

Revenue
Decreasing
15.12B
QoQ: 4.97% | YoY: -7.54%
Gross Profit
Increasing
4.98B
32.96% margin
QoQ: 12.61% | YoY: 0.08%
Operating Income
Increasing
1.97B
QoQ: 21.73% | YoY: 6.77%
Net Income
Increasing
1.44B
QoQ: 16.01% | YoY: 3.15%
EPS
Increasing
1.28
QoQ: 15.32% | YoY: 4.07%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2026 15,117.00 1.28 -7.5% View
Q2 2026 14,401.00 1.10 +6.9% View
Q1 2026 13,111.00 0.92 +5.1% View
Q4 2025 16,350.00 1.23 +31.0% View
Q3 2025 14,063.00 1.14 -14.3% View