Free cash flow
TJX Companies Free cash flow increased by 168.6% to $2.69B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 22.8%, from $2.19B to $2.69B. Over 4 years (FY 2022 to FY 2026), Free cash flow shows an upward trend with a 25.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.16B | $729.46M | $781.30M | -$948.83M | $261.57M | $646.76M | $2.67B | $384.00M | $882.00M | $711.00M | $2.36B | $318.00M | $1.07B | $624.00M | $2.19B | -$103.00M | $1.33B | $1.00B | $2.69B |
| QoQ Change | — | -37.1% | +7.1% | -221.4% | +127.6% | +147.3% | +312.4% | -85.6% | +129.7% | -19.4% | +231.6% | -86.5% | +235.2% | -41.5% | +251.0% | -104.7% | >999% | -24.7% | +168.6% |
| YoY Change | — | — | — | — | -77.5% | -11.3% | +241.4% | +140.5% | +237.2% | +9.9% | -11.6% | -17.2% | +20.9% | -12.2% | -7.1% | -132.4% | +24.8% | +60.4% | +22.8% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is TJX Companies's free cash flow?
- TJX Companies (TJX) reported free cash flow of $2.69B in Q4 2025.
- How has TJX Companies's free cash flow changed year-over-year?
- TJX Companies's free cash flow increased by 22.8% year-over-year, from $2.19B to $2.69B.
- What is the long-term trend for TJX Companies's free cash flow?
- Over 4 years (2022 to 2026), TJX Companies's free cash flow has grown at a 25.0% compound annual growth rate (CAGR), from $2.01B to $4.92B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.