Filing Flows › TJX Companies (TJX) › Q1 FY26
TJX Companies (TJX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed May 30, 2025
TJX Companies (TJX) reported revenue of $13.1B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -20% from the quarter before. Operating margin was 10.3%, net earnings $1.0B (7.9% of revenue).
TJX Companies, Q1 FY26: revenue $13.1B (+5% year over year), operating margin 10.3%, net earnings $1.0B, operating cash flow $394M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.1B | -20% | +5% |
| Operating profit | $1.3B | -29% | -3% |
| Net earnings | $1.0B | -26% | -3% |
| Operating cash flow | $394M | -85% | -47% |
What changed
Revenue was $13.1B in Q1 FY26, up 5% year over year and down 20% from the previous quarter.
Operating profit was $1.3B, a 10.3% margin (down 0.9 points year over year). Operating profit fell $0.04B even though revenue rose $0.63B versus a year earlier, so costs grew faster than sales. Total costs grew 6% against revenue growth of 5%. Net earnings were $1.0B, down 3% year over year. The effective tax rate was 23.0%.
Operating cash flow was $0.39B (down 47% year over year), 38% of net earnings. Non-cash charges added back $0.30B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $1.0B. Capital expenditures of $0.50B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was TJX Companies' revenue in the first quarter fiscal 2026?
TJX Companies (TJX) reported revenue of $13.1B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -20% from the quarter before.
Was TJX Companies profitable in the first quarter fiscal 2026?
Operating profit was $1.3B (10.3% of revenue) and net earnings $1.0B.
Source: TJX Companies 10-Q on SEC EDGAR.