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Segment Information
6 Months Ended
Aug. 02, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
TJX operates four segments. TJX defines its segments as those operations whose results the Chief Executive Officer, who is the Company’s chief operating decision maker (“CODM”), regularly reviews to analyze performance and allocate resources. In the United States, the Marmaxx segment operates TJ Maxx, Marshalls, tjmaxx.com and marshalls.com and the HomeGoods segment operates HomeGoods and Homesense. The TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates TK Maxx, Homesense, tkmaxx.com, tkmaxx.de, and tkmaxx.at in Europe and TK Maxx in Australia. In addition to the Company’s four segments, Sierra operates retail stores and sierra.com in the U.S. The results of Sierra are included in the Marmaxx segment.
All of TJX’s stores, with the exception of HomeGoods and HomeSense/Homesense, sell family apparel and home fashions. HomeGoods and HomeSense/Homesense offer home fashions.
The CODM regularly reviews net sales by segment and segment profit or loss. There are no significant expense categories or amounts regularly provided to the CODM and included in reported segment profit or loss. As such, no significant expense categories are disclosed in the table below. The CODM evaluates the performance of the Company’s segments based on “segment profit or loss,” which it defines as pre-tax income or loss before general corporate expense, interest (income) expense, net and certain separately disclosed unusual or infrequent items. “Segment profit or loss,” as defined by TJX, may not be comparable to similarly titled measures used by other entities. This measure of performance should not be considered an alternative to net income or cash flows from operating activities as an indicator of TJX’s performance or as a measure of liquidity.
Presented below is financial information with respect to TJX’s segments:
 Thirteen Weeks EndedTwenty-Six Weeks Ended
In millionsAugust 2,
2025
August 3,
2024
August 2,
2025
August 3,
2024
Marmaxx
Net sales$8,841 $8,445 $16,893 $16,195 
Segment expenses(a)
7,587 7,254 14,532 13,907 
Segment profit$1,254 $1,191 $2,361 $2,288 
HomeGoods
Net sales$2,286 $2,101 $4,540 $4,180 
Segment expenses(a)
2,058 1,910 4,082 3,791 
Segment profit$228 $191 $458 $389 
TJX Canada
Net sales$1,381 $1,244 $2,525 $2,357 
Segment expenses(a)
1,160 1,057 2,182 2,033 
Segment profit$221 $187 $343 $324 
TJX International
Net sales$1,893 $1,678 $3,554 $3,215 
Segment expenses(a)
1,794 1,605 3,383 3,081 
Segment profit$99 $73 $171 $134 
Total TJX
Net sales$14,401 $13,468 $27,512 $25,947 
Segment expenses(a)
12,599 11,826 24,179 22,812 
Segment profit$1,802 $1,642 $3,333 $3,135 
General corporate expense182 220 397 373 
Interest (income) expense, net(27)(46)(57)(96)
Income before income taxes$1,647 $1,468 $2,993 $2,858 
(a)    Segment expenses for each reportable segment include cost of sales and selling, general and administrative expenses. Cost of sales includes buying and occupancy costs, cost of merchandise sold, and other expenses. Selling, general and administrative expenses include store payroll and benefit costs, communication costs, and other expenses. Refer to Note A - Basis of Presentation and Summary of Accounting Policies of Notes to Consolidated Financial Statements included in TJX’s Annual Report on Form 10-K for the fiscal year ended February 1, 2025 for more information on the classifications.
The following table presents identifiable assets by segment:
In millionsAugust 2,
2025
February 1,
2025
August 3,
2024
Identifiable assets:
In the United States:
Marmaxx$14,943 $14,137 $13,535 
HomeGoods4,201 4,037 3,938 
TJX Canada2,520 2,128 2,277 
TJX International4,647 4,243 4,323 
Segment identifiable assets$26,311 $24,545 $24,073 
Corporate(a)
6,574 7,204 6,482 
Total identifiable assets
$32,885 $31,749 $30,555 
(a)Corporate identifiable assets primarily include cash and trust assets from the Executive Savings Plan, and as of August 2, 2025 and February 1, 2025, include the equity method investments. Consolidated cash, including that held by foreign entities, is reported with Corporate assets for consistency with segment reporting in the U.S.
The following table presents capital expenditures and depreciation and amortization by segment:
Thirteen Weeks EndedTwenty-Six Weeks Ended
In millionsAugust 2,
2025
August 3,
2024
August 2,
2025
August 3,
2024
Capital expenditures:
In the United States:
Marmaxx$311 $269 $650 $516 
HomeGoods57 191 118 260 
TJX Canada39 44 73 82 
TJX International54 59 117 124 
Total capital expenditures
$461 $563 $958 $982 
Depreciation and amortization:
In the United States:
Marmaxx$169 $143 $334 $287 
HomeGoods57 51 113 102 
TJX Canada26 23 50 44 
TJX International55 47 105 94 
Segment depreciation and amortization$307 $264 $602 $527 
Corporate(a)
1 2 
Total depreciation and amortization$308 $265 $604 $529 
(a)Includes debt discount accretion and debt expense amortization.