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Capital Stock and Earnings Per Share
6 Months Ended
Aug. 02, 2025
Equity [Abstract]  
Capital Stock and Earnings Per Share Capital Stock and Earnings Per Share
Capital Stock
In February 2025, the Company announced that its Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $2.5 billion of TJX common stock from time to time. Under this program, TJX had approximately $2.4 billion available for repurchase as of August 2, 2025.
During the second quarter of fiscal 2026, the Company completed stock repurchases representing all of the $1.1 billion that remained as of February 1, 2025 from the previously announced stock repurchase program.
The following table provides share repurchases, excluding applicable excise tax:
Thirteen Weeks EndedTwenty-Six Weeks Ended
In millionsAugust 2,
2025
August 3,
2024
August 2,
2025
August 3,
2024
Total number of shares repurchased and retired4.1 5.1 9.2 10.4 
Total cost
$515 $559 $1,128 $1,068 
All shares repurchased under the stock repurchase programs have been retired. These expenditures were funded by cash on hand and cash generated from operations.
Earnings Per Share
The following table presents the calculation of basic and diluted earnings per share:
 Thirteen Weeks EndedTwenty-Six Weeks Ended
Amounts in millions, except per share amountsAugust 2,
2025
August 3,
2024
August 2,
2025
August 3,
2024
Basic earnings per share:
Net income
$1,243 $1,099 $2,279 $2,169 
Weighted average common shares outstanding for basic earnings per share calculation
1,115 1,130 1,116 1,131 
Basic earnings per share
$1.11 $0.97 $2.04 $1.92 
Diluted earnings per share:
Net income
$1,243 $1,099 $2,279 $2,169 
Weighted average common shares outstanding for basic earnings per share calculation
1,115 1,130 1,116 1,131 
Assumed exercise/vesting of stock options and awards13 14 14 14 
Weighted average common shares outstanding for diluted earnings per share calculation
1,128 1,144 1,130 1,145 
Diluted earnings per share
$1.10 $0.96 $2.02 $1.89 
Cash dividends declared per share$0.425 $0.375 $0.85 $0.75 
The weighted average common shares for the diluted earnings per share calculation excludes the impact of outstanding stock options if the assumed proceeds per share of the option is in excess of the average price of TJX’s common stock for the related fiscal periods. Such options are excluded because they would have an antidilutive effect. There were 4 million antidilutive options excluded for the thirteen weeks and twenty-six weeks ended August 2, 2025 and 5 million antidilutive options excluded for the thirteen weeks and twenty-six weeks ended August 3, 2024.