TJX Q2 2026 Earnings
Reported Aug 20, 2025 at 9:11 AM ET · SEC Source
Q2 26 EPS
$1.10
BEAT +8.45%
Est. $1.01
Q2 26 Revenue
$14.40B
BEAT +1.66%
Est. $14.17B
vs S&P Since Q2 26
+0.1%
BEATING MARKET
TJX +13.5% vs S&P +13.4%
Market Reaction
Did TJX Beat Earnings? Q2 2026 Results
TJX Companies posted a decisive beat in its fiscal second quarter of 2026, reporting earnings per share of $1.10 against a Wall Street consensus of $1.01, an 8.45% positive surprise, while revenue of $14.40 billion topped estimates by 1.66% and grew … Read more TJX Companies posted a decisive beat in its fiscal second quarter of 2026, reporting earnings per share of $1.10 against a Wall Street consensus of $1.01, an 8.45% positive surprise, while revenue of $14.40 billion topped estimates by 1.66% and grew 6.9% year-over-year. The standout driver was a pretax profit margin of 11.4%, which landed 0.9 percentage points above the high end of management's own plan, aided by lower-than-expected tariff costs, expense leverage on above-plan sales, and favorable expense timing. Consolidated comparable sales rose 4%, with all four divisions posting positive growth and TJX Canada leading the way at 9%. Analysts have grown more constructive on the name in the aftermath, and the stock's post-earnings move reflects a broader view that off-price retail held firm where others wavered. Management raised full-year guidance, now targeting diluted EPS of $4.52 to $4.57, up 6% to 7% year-over-year, assuming current tariff levels hold and the company continues to offset their pressure.
Key Takeaways
- • Consolidated comparable sales increased 4%, above plan
- • Customer transactions up at every division
- • Pretax profit margin of 11.4%, 0.9 percentage points above the high-end of plan
- • Lower-than-expected tariff costs
- • Expense leverage on above-plan sales
- • Favorable timing of certain expenses
- • SG&A costs as a percent of sales decreased 0.3 percentage points driven by operational efficiencies
- • Gross profit margin up 0.3 percentage points primarily due to favorable hedges
- • Merchandise margin flat despite higher tariff costs
- • Foreign currency provided $0.02 positive EPS impact and 1 percentage point positive net sales growth impact
TJX YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
TJX Revenue by Segment
With YoY comparisons, source: SEC Filings
TJX Revenue by Geography
With YoY comparisons, source: SEC Filings
“I am extremely pleased with our second quarter performance. Sales, pretax profit margin, and earnings per share were all above our plan. As we have seen through so many different retail and economic environments, consumers were drawn to our excellent values and brands. Customer transactions were up at every division as we saw strong demand at each of our U.S. and international businesses.”
— Ernie Herrman, Q2 2026 Earnings Press Release
TJX Earnings Trends
TJX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TJX EPS Trend
Earnings per share: estimate vs actual
TJX Revenue Trend
Quarterly revenue: estimate vs actual
TJX Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.39 | $1.43 | +2.88% | $17.74B | — |
| FY Full Year | $4.68 | $4.73 | +1.03% | $60.37B | +0.61% |
| Q3 26 BEAT | $1.22 | $1.28 | +4.95% | $15.12B | +1.74% |
| Q2 26 BEAT | $1.01 | $1.10 | +8.45% | $14.40B | +1.66% |
| Q1 26 BEAT | $0.91 | $0.92 | +0.79% | $13.11B | +0.64% |