How Does TJX Companies Make its Money?
TJX Companies is the world’s leading off-price retailer, operating over 5,000 stores across nine countries. The company’s brands include T.J. Maxx, Marshalls, HomeGoods, HomeSense, and Winners. TJX’s business model centers on buying excess inventory and closeout merchandise from brands and retailers at deep discounts, then passing savings on to consumers. This treasure-hunt shopping experience has proven remarkably resilient across economic cycles, attracting both value-seeking and higher-income consumers.
TJX Companies (TJX) Business Model
TJX Companies operates in the retail sector. Below is a summary of TJX Companies’ revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from TJX Companies’ 2025 fiscal year filings with the SEC.
TJX Companies Competitors
TJX Companies’s key competitors and comparable public companies in the retail sector include Costco, Walmart, Target, and Home Depot. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how TJX Companies stacks up by comparing their revenue breakdown, margins, and growth metrics.
TJX Companies Competitors
TJX Companies’s key competitors and comparable public companies in the retail sector include Costco, Walmart, Target, and Home Depot. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how TJX Companies stacks up by comparing their revenue breakdown, margins, and growth metrics.
TJX Companies Competitors
TJX Companies’s key competitors and comparable public companies in the retail sector include Costco, Walmart, Target, and Home Depot. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how TJX Companies stacks up by comparing their revenue breakdown, margins, and growth metrics.
TJX Companies Competitors
TJX Companies’s key competitors and comparable public companies in the retail sector include Costco, Walmart, Target, and Home Depot. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how TJX Companies stacks up by comparing their revenue breakdown, margins, and growth metrics.
TJX Companies Competitors
TJX Companies’s key competitors and comparable public companies in the retail sector include Costco, Walmart, Target, and Home Depot. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how TJX Companies stacks up by comparing their revenue breakdown, margins, and growth metrics.
TJX Companies Competitors
TJX Companies’s key competitors and comparable public companies in the retail sector include Costco, Walmart, Target, and Home Depot. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how TJX Companies stacks up by comparing their revenue breakdown, margins, and growth metrics.
TJX Companies Competitors
TJX Companies’s key competitors and comparable public companies in the retail sector include Costco, Walmart, Target, and Home Depot. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how TJX Companies stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
| Segment | 2025 | 2024 | YoY Growth |
|---|---|---|---|
| Marmaxx (T.J. Maxx & Marshalls) | $35,000 | $33,100 | +5.7% |
| HomeGoods | $8,800 | $8,400 | +4.8% |
| TJX Canada | $5,800 | $5,500 | +5.5% |
| TJX International (Europe & Australia) | $7,200 | $6,800 | +5.9% |
| Total Revenue | $56,400 | $54,200 | +4.1% |
Marmaxx (T.J. Maxx & Marshalls) — 62% of Revenue
HomeGoods — 16% of Revenue
TJX Canada — 10% of Revenue
TJX International (Europe & Australia) — 13% of Revenue
Income Statement Overview
| Metric | 2025 | 2024 |
|---|---|---|
| Total Revenue | $56,400 | $54,200 |
| Cost of Revenue | $40,200 | $38,900 |
| Gross Profit | $16,200 | $15,300 |
| Operating Expenses | $10,200 | $9,800 |
| Operating Income | $6,000 | $5,500 |
| Net Income | $4,500 | $4,100 |
All values in millions USD unless otherwise stated.
Key Financial Metrics
- Gross Margin: 28.7%
- Operating Margin: 10.6%
- Revenue Growth: 4.1%
Is TJX Companies Profitable?
Yes, TJX Companies is profitable. The company reported net income of $4,500 on total revenue of $56,400. With an operating margin of 10.6%, TJX Companies demonstrates solid profitability for the retail sector. The gross margin of 28.7% reflects TJX Companies’ pricing power and cost structure.
What to Watch
- Comparable store sales growth and new store opening pace
- International expansion, particularly in Europe and Australia
- HomeGoods segment margin improvement trajectory
- Consumer spending trends as inflation impacts shopping behavior
TJX Companies (TJX) Financial Summary
TJX Companies (TJX) is a retail company that generated $56,400 in total revenue in fiscal year 2025. Revenue grew 4.1% year-over-year. The company earned $4,500 in net income, making it profitable. For a deeper look at TJX Companies’ revenue breakdown, business segments, and financial performance, review the detailed analysis above.