Income StatementBalance SheetCash FlowSegments
TJX Companies logo

TJX Companies Cash Flow Statement

Operating, investing, and financing cash movements

TJX Companies generated $6.9B in operating cash flow over the trailing twelve months. After $2.0B in capital expenditures, free cash flow was $4.9B. Free cash flow increased 0.2% year-over-year. Based on the Q4 2025 filing.

Net Cash From Operating (TTM)$6.9BNet Cash From Investing (TTM)-$2.0BNet Cash From Financing (TTM)-$4.1BCapital Expenditures (TTM)$2.0BDepreciation And Amortization Cf (TTM)$1.2BNet Change In Cash (TTM)$895.0M
Latest FilingQ4 2025
Report Date2026-03-31
Market Cap$162.94B
P/E Ratio29.66
ROE59.13%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$422.0M$514.0M$497.0M$461.0M$531.0M$468.0M
Payments to Acquire Equity Method Investments$137.8M$137.8M$3.0M$3.0M$3.0M$3.0M
Net cash from investing activities-$617.0M-$870.0M-$503.0M-$466.0M-$541.0M-$471.0M
Proceeds from maturities/sales of investments$3.0M$9.0M$11.0M$4.0M$7.0M$4.0M
Purchases of equity securities$137.8M$137.8M$3.0M$3.0M$3.0M$3.0M
Purchases of investments$6.0M$6.0M$17.0M$4.0M$10.0M$7.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$1.1B—$101.0M$287.0M$1.3B—
Change in accounts receivable$78.0M—$38.0M$5.0M$52.0M—
Change in accrued liabilities$303.0M$313.0M-$723.0M$350.0M$417.0M$584.0M
Change in income taxes payable/receivable$5.0M—$183.0M-$99.0M$93.0M$0.0
Change in inventories$1.9B—$604.0M$241.0M$2.0B—
Change in operating lease liabilities$4.0M-$5.0M-$8.0M$3.0M$11.0M—
Change in other assets$6.0M$3.0M-$4.0M-$14.0M$0.0$486.0M
Other working capital changes-$12.0M-$19.0M$81.0M-$116.0M-$65.0M—
Deferred income taxes$15.0M—$8.0M$63.0M$20.0M$21.0M
Depreciation and amortization$266.0M$309.0M$296.0M$308.0M$316.0M$327.0M
Gain (Loss) on Sale of Assets and Asset Impairment Charges-$1.0M-$7.0M$0.0-$2.0M-$15.0M-$4.0M
Net cash from operating activities$1.0B$2.7B$394.0M$1.8B$1.5B$3.2B
Net income$1.3B$1.4B$1.0B$1.2B$1.4B$1.8B
Operating lease liabilities$4.0M-$5.0M-$8.0M$3.0M$11.0M—
Stock-based compensation$47.0M$52.0M$33.0M$43.0M$55.0M$83.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$423.0M$422.0M$424.0M$474.0M$473.0M$471.0M
Other, net$0.0-$1.0M-$61.0M-$3.0M$0.0-$1.0M
Payment of Deferred Purchase Consideration$0.0-$1.0M-$61.0M-$3.0M$0.0-$1.0M
Noncontrolling interest transactions and other$0.0-$1.0M-$61.0M-$3.0M$0.0-$1.0M
Net cash from financing activities-$953.0M-$1.2B-$1.0B-$954.0M-$975.0M-$1.1B
Other financing activities$0.0-$1.0M-$61.0M-$3.0M$0.0-$1.0M
Noncontrolling Interests Activity and Other$0.0-$1.0M-$61.0M-$3.0M$0.0-$1.0M
Proceeds from issuance of common stock$63.0M$112.0M$50.0M$54.0M$92.0M$115.0M
Repurchases of common stock$593.0M$852.0M$613.0M$531.0M$594.0M$784.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$624.0M$2.2B-$103.0M$1.3B$1.0B$2.7B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$8.0M-$54.0M$77.0M$13.0M-$15.0M$45.0M
Net increase (decrease) in cash-$532.0M—-$1.1B$384.0M$1.0M$1.6B