"Sales, profitability, and earnings per share all exceeded our plans... this is a terrific achievement for TJX."
— Ernie Herrman
03Detailed Report
TJX
The TJX Companies Inc
Period
Q2 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 23, 2026
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Executive Summary
The TJX Companies Inc (TJX) exhibited robust performance in Q2 2025 with revenue climbing to $13.47 billion, representing a 1.53% year-over-year growth and a notable 7.93% increase from the previous quarter. Organic growth was primarily driven by a 4% increase in consolidated comparable store sales, substantially supported by a rise in customer transactions across all divisions. Net income followed suit, reaching $1.099 billion, translating to earnings per share (EPS) of $0.96, reflecting a 13% increase year over year. Management expressed confidence in their long-term strategies and highlighted their ongoing commitment to expanding store presence while enhancing operational efficiencies.
Management attributed the robust results to successful execution of their off-price model, leveraging favorable freight costs, strong brand partnerships, and effective merchandising strategies. The company’s focus on customer experience and value propositions resonated well with shoppers, as reiterated by CEO Ernie Herrman during the earnings call.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
13.47B
1.53%
7.93%
Gross Profit
4.09B
-0.92%
9.30%
Operating Income
1.42B
-8.14%
6.12%
Net Income
1.10B
-7.72%
2.71%
EPS
0.97
-6.73%
3.19%
Key Financial Ratios
Gross Profit Margin
Fair
30.40%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Fair
10.60%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
8.16%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Fair
3.60%
Return on assets is acceptable but below top-tier companies
Return on Equity
Good
14.10%
Return on equity shows solid performance and effective asset utilization
Current Ratio
Adequate
1.21
Current ratio meets minimum requirements but limited cushion
Debt to Equity
High Risk
1.63
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Growth
29.09x
Elevated P/E suggests growth expectations or premium valuation
Price to Book
High Premium
16.43x
Very high premium suggests asset-light business model or lofty expectations
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